中化新网讯 近日，法国能源巨头道达尔能源与巴林国家能源公司Bapco Energies宣布，双方在阿布扎比 正式签署协议，将共同组建一家各持股50%的石油产品贸易合资公司BxT Trading。Bapco Energies将借 助道达尔能源在全球贸易领域的专业经验，发展先进的交易、定价、分析和风险管理能力。 对道达尔能源而言，BxT Trading将强化其在中东地区的贸易地位。该公司已在休斯敦、日内瓦和新加 坡设立国际枢纽，此次合作将增强其贸易团队在中东当地的响应能力与灵活性，以更好把握区域市场机 遇。 巴林王室代表兼Bapco Energies董事会主席在签约仪式上表示，此举体现了巴林王国与全球领先能源公 司建立长期战略伙伴关系的承诺，是加强下游价值链、巩固巴林在国际能源市场竞争地位的关键一步。 ...

Core Viewpoint - TotalEnergies anticipates that increased oil and gas production, along with stronger refining margins, will mitigate the impact of a more than $10 per barrel decline in oil prices in the fourth quarter [1] Group 1: Production and Financial Performance - TotalEnergies expects a 5% year-on-year increase in oil and gas production for Q4, leading to nearly 4% growth for the full year, surpassing the guidance of over 3% [3] - Despite a year-on-year decline of over $10 per barrel in oil prices, cash flow from business segments is projected to remain stable compared to last year, supported by upstream production growth and improved downstream results [2] Group 2: Refining and Chemicals - The company forecasts a significant increase in Refining & Chemicals earnings and cash flow, driven by strong operational performance and a more than 30% increase in margins [4] - The European refining margin for TotalEnergies' assets surged by 231% year-on-year to $85.7 per ton in Q4 [4] Group 3: Industry Context - Other firms in the industry, such as Exxon, Shell, and BP, have indicated lower earnings for Q4 compared to Q3 due to weak liquids prices and reduced margins in chemicals [5][6]

Core Viewpoint - The company is anticipating an increase in power demand driven by the growth of electric vehicles and the expansion of AI data centers [1] Group 1 - The company is focusing on the rising demand for electricity as a key growth driver [1]

Group 1 - TotalEnergies anticipates a decline in oil and liquefied natural gas sales for Q4 2025 [1] - The company expects stronger downstream results due to higher refining margins [1] - Weaker crude prices are expected to be offset by improved refining performance [1]

利比里亚《每日观察家报》1月16日报道：BluEnergies已宣布与TotalEnergies的利比里亚上游子公司达成 重要战略合作，共同勘探利比里亚哈珀盆地的深海油气资源。双方通过签署行业标准的联合研究与申请 协议，旨在对位于海上的LB-26、LB-30和LB-31区块的油气潜力进行评估。根据协议，初期18个月的工 作计划包括对2013年采集的约6167平方公里三维地震数据进行重新处理，以及开展海底勘测。为支持此 合作，双方已从利比里亚石油监管局获得了覆盖三个区块、面积约8924平方公里的新勘测许可证RL- 003，其中TotalEnergies持有65%参与权益，BluEnergies持有35%。该合作标志着BluEnergies在开发哈珀 盆地资源和确立其在利比里亚深海能源领域关键地位方面迈出了重要一步。 ...

Core Viewpoint - TotalEnergies has signed a Sale and Purchase Agreement to divest its 10% non-operated stake in the Renaissance joint venture in Nigeria, continuing its portfolio rationalization in Africa [1] Group 1: Transaction Details - TotalEnergies EP Nigeria will transfer its 10% participating interest in 15 oil-producing licenses to Vaaris, which produced approximately 16,000 barrels of oil equivalent per day for TotalEnergies in 2025 [2] - The transaction includes the transfer of TotalEnergies' 10% interest in three gas-producing licenses (OML 23, OML 28, and OML 77), while TotalEnergies retains full economic exposure to these gas assets, which are crucial for Nigeria LNG's supply [3] - The Renaissance JV operates across 18 licenses in the Niger Delta, with ownership split among Nigerian National Petroleum Corporation Ltd (55%), Renaissance Africa Energy Company Ltd (30%), TotalEnergies EP Nigeria (10%), and Agip Energy and Natural Resources Nigeria (5%) [4] Group 2: Strategic Context - The sale aligns with TotalEnergies' strategy to high-grade its upstream portfolio, particularly in Nigeria's mature onshore and shallow-water assets, as international oil companies have reduced exposure to these areas due to operational risks and regulatory uncertainties [5] - Other major oil companies, including Shell, ExxonMobil, and Eni, have also divested onshore Nigerian assets to local operators, indicating a trend towards increased domestic participation in Nigeria's upstream sector [6] - TotalEnergies remains committed to Nigeria, with significant investments in offshore oil projects and gas, contributing approximately 209,000 barrels of oil equivalent per day to its global production in 2024 [7]

Group 1: Joint Venture Launch - TotalEnergies and Bapco Energies have launched BxT Trading, a 50/50 trading joint venture aimed at maximizing downstream value and expanding access to international markets for Bahraini oil products [1][2] - The signing ceremony was attended by senior leadership from both companies, highlighting the strategic importance of the venture [2] Group 2: Strategic Benefits - BxT Trading provides Bapco Energies with direct access to TotalEnergies' global trading expertise and infrastructure, enhancing Bahrain's downstream value chain [3] - For TotalEnergies, the joint venture deepens its commercial footprint in the Middle East, improving responsiveness to regional market dynamics [4][7] Group 3: Industry Trends - The launch aligns with a broader trend of Middle Eastern producers moving downstream and into trading to capture additional margins beyond upstream production [5] - Bahrain is positioning itself as a more active participant in international energy markets by leveraging refinery-linked trading flows [6] Group 4: Operational Focus - BxT Trading is designed to operate as a locally grounded yet globally connected platform, emphasizing operational excellence and disciplined risk management [8]

Core Viewpoint - TotalEnergies has agreed to sell its 10% non-operated stake in the Nigerian onshore oil asset SPDC, now known as Renaissance JV, to Vaaris after a previous unsuccessful sale attempt to Chappal Energies [1] Company Summary - TotalEnergies is divesting its stake in the Nigerian oil asset, indicating a strategic shift or reallocation of resources [1] - The sale to Vaaris follows a failed attempt to sell the same stake to Mauritius-based Chappal Energies last year, highlighting challenges in the asset sale process [1]

道达尔能源1月14日宣布，其尼日利亚子公司已与Vaaris签署买卖协议，出售其在复兴财团合资企业中持 有的10%非作业权益。复兴财团是由尼日利亚国家 石油公司、复兴非洲能源有限公司、道达尔能源尼 日利亚公司、埃尼公司与自然资源公司组成的合资企业，在尼日尔三角洲地区持有18个许可证。 ...

Core Viewpoint - TotalEnergies and Bapco Energies have established a trading joint venture named BxT Trading, which is equally owned and supported by the refinery operations of Bapco Energies [1] Group 1 - The joint venture BxT Trading is backed by flows from Bapco Energies' Refinery [1] - The signing ceremony for the joint venture was attended by notable figures including His Highness Shaikh Nasser bin Hamad Al Khalifa and Patrick Pouyanné [1]