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Sept 29 (Reuters) - TotalEnergies will cut its annual capital expenditure by $1 billion, it said on Monday, as the French oil major sought to soothe investor fears over slow asset sales and rising debt at a meeting with investors in New York. The reduction in capex, to around $15–17 billion annually between 2027 and 2030,... Continue Reading →
Sept. 4 (offshoreWIND.biz) A consortium between TotalEnergies and RWE has won the Centre Manche 2 tender to develop a 1.5 GW offshore wind farm off the coast of Normandy, making it the largest renewable energy initiative in France to date. As part of a strategic review of its investment, RWE has expressed the wish to... Continue Reading →
Sept. 12 (OE) French tubular solutions supplier Vallourec has secured a major contract by Petrobras for the supply of Oil Country Tubular Goods (OCTG) products and services for its offshore operations from 2026 to 2029. The long-term agreement could generate total revenue of up to $1 billion, representing the widest award both in volumes and... Continue Reading →
Sept. 5 (offshoreWIND.biz) Ocean Winds has completed the installation of the third and final turbine at the 30 MW Éoliennes Flottantes du Golfe du Lion (EFGL) project in France. Developed by Ocean Winds and Banque des Territoires, EFGL is now the first floating offshore wind farm in the Occitanie region to complete its offshore turbine... Continue Reading →
28/08/2025 – Exail has secured the sale of its new long-range Uncrewed Surface Vehicle (USV), the DriX H-9, to a leading global hydrographic authority. This milestone marks the successful expansion of Exail’s portfolio of autonomous solutions for both commercial and defense markets, reinforcing its position as a key player in the rapidly growing USV sector.... Continue Reading →
Aug. 7 (oilnow.gy) The Noble Valiant has been added as the second drillship for TotalEnergies’ offshore Suriname campaign, the company announced in its latest fleet status report. The vessel will support development drilling in Block 58, where the French major and APA Corporation have sanctioned the GranMorgu project. Built in 2014, the Noble Valiant is capable of... Continue Reading →
(oilprice.com) Argentina’s energy company YPF is nearing a deal for the acquisition of shale assets in the country owned by French supermajor TotalEnergies, Bloomberg has reported, citing unnamed sources in the know. TotalEnergies has stakes in two fields that are part of the Vaca Muerta shale play but an underdeveloped part. YPF has been very... Continue Reading →
(Reuters) TotalEnergies reported a 23% fall in second-quarter earnings on Thursday, as expected, the French oil major's worst performance in four years, as higher upstream production failed to offset lower earnings caused by the recent plunge in oil and gas prices. Adjusted net income fell to $3.6 billion for the three months to June 30... Continue Reading →
(offshore-energy.biz) France-headquartered energy giant TotalEnergies has started oil production from two subsea tie-back projects to existing floating production, storage, and offloading (FPSO) vessels off the coast of Angola. With the start-up of the Begonia and CLOV Phase 3 offshore projects, TotalEnergies is adding 60,000 barrels per day of oil production offshore Angola. The CLOV deepwater oil fields development project... Continue Reading →
(offshoreWIND.biz) The floating offshore wind project is owned by Parc Eolien Offshore de Provence Grand Large – a subsidiary of EDF Renouvelables, Enbridge Eolien France 2 S.à.r.l (EEF2), a subsidiary of Enbridge Inc., and CPP Investments. Provence Grand Large is a pilot project with three Siemens Gamesa 8 MW wind turbines installed 17 kilometres off the coast... Continue Reading →
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