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Total flags stronger refining margins, lower oil and gas sales in trading update
Reuters· 2026-01-20 07:39
French oil major TotalEnergies expects lower oil and liquefied natural gas sales in the fourth quarter of 2025, but stronger downstream results, as higher refining margins help offset weaker crude and... ...
BluEnergies与TotalEnergies联手勘探利比里亚深海油气资源
Shang Wu Bu Wang Zhan· 2026-01-17 03:05
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。 ...
TotalEnergies to Exit 10% Stake in Nigeria’s Renaissance JV in Asset Sale
Yahoo Finance· 2026-01-15 09:15
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]
TotalEnergies and Bapco Launch Middle East Trading Joint Venture
Yahoo Finance· 2026-01-15 07:49
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]
TotalEnergies to sell its onshore Nigerian SPDC assets to new buyer
Reuters· 2026-01-14 08:18
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]
道达尔能源向Vaaris出售复兴财团合资企业10%权益
Jin Rong Jie· 2026-01-14 08:09
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。 ...
Bahrain: TotalEnergies and Bapco Energies Launch BxT Trading, a New Player in the Trading of Petroleum Products in the Middle East
Businesswire· 2026-01-14 07:52
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]
Nigeria: TotalEnergies Signs a Sale and Purchase Agreement in View of Divesting its Oil Interest in Renaissance JV (formerly SPDC)
Businesswire· 2026-01-14 07:42
Group 1 - TotalEnergies EP Nigeria has signed a Sale and Purchase Agreement with Vaaris to sell its 10% non-operated interest in the Renaissance JV licenses in Nigeria [1][5] - The Renaissance JV consists of 18 licenses in the Niger Delta, with the Nigerian National Petroleum Corporation Ltd holding 55%, Renaissance Africa Energy Company Ltd 30%, TotalEnergies EP Nigeria 10%, and Agip Energy and Natural Resources Nigeria 5% [2] - The agreement's closing is subject to customary conditions, including regulatory approvals [2] Group 2 - TotalEnergies has been operating in Nigeria for over 60 years, employing more than 1,800 people and producing 209,000 barrels of oil equivalent per day in 2024 [2] - The company operates an extensive distribution network in Nigeria, including approximately 540 service stations, and is committed to socio-economic development and collaboration with local communities [2] - The sale includes TotalEnergies EP Nigeria's 10% interest in 15 licenses producing mainly oil, which represented about 16,000 barrels equivalent per day in 2025, and 10% interest in three gas-producing licenses while retaining full economic interest in these licenses [5]
TotalEnergies forms Middle East trading venture with Bahrain's Bapco Energies
Reuters· 2026-01-14 07:27
Group 1 - TotalEnergies has established a 50-50 joint venture with Bapco Energies named BxT Trading [1]
Nestle CEO apologises over instant formula recall
Reuters· 2026-01-14 07:24
Core Insights - Nestle's CEO Philipp Navratil has issued an apology to customers regarding the recall of certain batches of infant nutrition products across multiple countries [1] Company Summary - The recall affects dozens of countries, indicating a widespread issue with the affected products [1]