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Total Energies

African Energy recognises TotalEnergies as critical in impactful projects

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Johannesburg, July 17, 2023: French multinational integrated energy and petroleum company TotalEnergies has positioned itself as a dedicated partner for Africa through a series of impactful project developments.

It is committed to advance sustainable energy practices and a drive to making energy poverty history.

With a focus on scaling up energy security and economic prosperity, the energy major has unlocked a new era of industry growth in Africa on the back of local content, sustainable investments and long-term partnerships.

With the company advancing its contribution to Africa’s energy future, the African Energy Chamber (AEC) is proud to welcome TotalEnergies as a Diamond sponsor and the Sustainable Energy Partner for African Energy Week (AEW) 2023 – the biggest gathering of energy stakeholders on the continent.

Taking place on October 16-20 in Cape Town, TotalEnergies’ participation as both sponsor and partner is a testament to the company’s commitment to driving the next wave of innovative energy projects in Africa.

It is renowned for its expertise across the entire energy value chain, including oil and biofuels, natural gas and green gases, renewables and electricity.

TotalEnergies joins AEW as a dedicated partner in promoting Africa’s energy sector, supporting sustainable development initiatives while ushering in a new era of energy security and economic progress.

With activities in 43 African countries and boasting around 13,000 employees, the company is committed to providing affordable, clean and reliable energy solutions that contribute to the well-being of African people.

Focused in the development of the continent. Initially serving as an oil operator, TotalEnergies has rapidly expanded its portfolio and footprint in Africa, thereby strengthening its role as both an integrated energy company and strong partner for the continent.

Steadfast in its commitment to achieving Net Zero by 2050 while accelerating energy security and resilience, TotalEnergies has developed a comprehensive strategy that focuses on improving overall operational efficiency and fostering sustainability.

TotalEnergies is implementing various measures, such as optimizing processes, technologies and infrastructure to minimize energy waste and reduce the company’s carbon footprint.

Additionally, the energy major is prioritizing local content, impactful developments and partnerships, establishing an ‘Africa-first’ approach regarding industry growth and investments. Environmental, Social and Governance represents a top priority for the company as well as inclusivity and opportunities for women and youth in Africa’s energy space.

TotalEnergies’ sponsorship reflects its belief in Africa’s immense energy potential and the opportunities for collaboration and investment on the continent.

It reinforces the company’s commitment to supporting Africa’s energy sector as it embraces innovation, advances renewable energy technologies, and drives economic growth and prosperity.

A prominent player in Nigeria’s energy sector, TotalEnergies has been actively engaged in various aspects such as oil and gas exploration, production, natural gas liquefaction, and retail operations.

Notably, TotalEnergies recently achieved a significant milestone with the discovery of oil and gas reserves in oil mining lease (OML) 102, a testament to its unwavering commitment to unlocking and maximizing Africa’s vast oil and gas resources.

With interests in the Nigeria Liquefied Natural Gas (LNG) plant, ownership stakes in approximately 30 OMLs, including five that the company operates, and the management of two lubricant blending plants, TotalEnergies is deeply involved in Nigeria’s energy landscape. Additionally, the company is also spearheading the development of several solar projects.

In South Africa, the company operates five exploration licenses, a refinery, and has interests in the Prieska solar project.

The energy major was also responsible for two major gas discoveries in 2019 and 2020, respectively: the Brulpadda and Luiperd discoveries.

Following the company’s discovery in the Namibian side of the Orange Basin last year, TotalEnergies has embarked on an ambitious exploration drive offshore South Africa, having been granted environmental authorization in April this year to explore Block 5/6/7 – an area which overlaps the Orange Basin.

In North Africa, TotalEnergies has been active in Libya for more than 60 years with interests in several oil concessions, including the Al Jurf, El Sharara, Waha and Mabruk fields, as well as in the Murzuk basin.

In Algeria, the energy major has been active since 1952, with interests in several oil and gas fields. Through their producing fields, TotalEnergies delivers gas to the French market via the Fos Cavaou LNG terminal.

TotalEnergies also has a strong presence in the Egyptian energy market, with interests in the Ikdu LNG plant (Train 1); interests in two offshore oil exploration blocks in the Mediterranean; and has developed two solar projects.

In Uganda, the energy major is spearheading the East African Crude Oil Pipeline (EACOP) as well as the Tilenga project.

The 1,443km-long EACOP is crucial for transporting oil from the Kingfisher and Tilenga oilfields in Uganda to international markets via Tanzania.

Further south, TotalEnergies is making progress with the development of the Mozambique LNG project – a $20 billion project that aims to produce up to 12.8 million tons of LNG per annum.

While construction has been delayed owing to security risks, the French-major is currently engaging with government and project partners to get this important project off the ground.

In Namibia, TotalEnergies’ collaboration with QatarEnergy and NAMCOR in the Orange Basin has resulted in significant oil discoveries, namely Venus-1X. With a multi-well drilling campaign currently underway, TotalEnergies Namibian exploration drive is set to transform the market.

“We are delighted to welcome TotalEnergies as a Diamond Sponsor and the Sustainable Energy Partner for AEW,” states NJ Ayuk, the Executive Chairman of the AEC.

“Whether it is conducting exploration in North Africa or making discoveries in West Africa or driving large-scale LNG facilities in East Africa, TotalEnergies represents a worthy partner for our continent.

The energy major remains one of the companies that has become one of Africa’s largest tax payers and largest employers, with the majority of its operations in Africa spearheaded by Africans.

TotalEnergies has empowered Africans to take on leadership and drive developments, and we expect a lot more from them as we drive gas development and energy security across the continent.

Their global leadership in the energy sector and commitment to sustainable development align perfectly with the goals and vision of Africans.”

Through its participation in AEW, TotalEnergies will support the high-level panel discussions, country spotlight sessions and networking events.

The company will showcase its latest advancements in renewable energy technologies and local content, driving various workshops and collaborative discussions.

Total Energies

Iraq signs $27bn deal with TotalEnergies

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Baghdad, July 10, 2023: Iraq and French energy firm TotalEnergies have signed a 27-billion dollars deal on Monday, which included four mega projects in the fields of oil, gas and renewable energy.

Oil Minister Hayyan Abdul-Ghani and TotalEnergies chairman and chief executive Patrick Pouyanne signed the deal at the Oil Ministry in Baghdad.

Abdul-Ghani said that it was an important deal for Iraq and reiterated Iraq’s commitment to provide a safe environment for all companies working in the country.

One of the projects aimed to use solar power to generate electricity in the country, which has been suffering from power shortages for decades.

Officials at the ministry told dpa the deal would go into effect one month after being signed and would continue for around 30 years to increase oil production.

Earlier this month, the Oil Ministry said revenues of oil exports exceeded 7.1 billion dollars in June.

Total Energies

TotalEnergies makes oil, gas discovery in Nigeria

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Lagos, June 13, 2023: TotalEnergies has discovered oil and gas at the OML 102 offshore oilfield in Nigeria, the French company said on Tuesday.

Dr Charles Ebereonwu, Country Communications Manager, Total Country Services, confirmed the discovery in a statement in Lagos.

Ebereonwu said that the company has made an oil and gas discovery in OML 102 offshore Nigeria, around 20 km from the Ofon facilities.

He quoted Mr Nicolas Terraz, President of Exploration and Production at TotalEnergies, to have said that “The Ntokon discovery opens a promising outlook for a new tie-back development,’’

“It is located in shallow waters, 60 km off the southeast coast of Nigeria, the Ntokon-1AX discovery well encountered 38 meters of net oil pay and 15 meters of net gas pay.

“Its side-track Ntokon-1G1 encountered 73 meters of net oil pay, in well-developed and excellent quality reservoirs. Ntokon-1G1 tested successfully up to a maximum rate of about 5,000 barrels per day of 40° API oil.

“After the start-up of production of the Ikike tie-back on OML99 in 2022, this new success in the area further demonstrates the potential of nearby exploration to create value within our low cost, low emission strategy.”

OML 102 is operated by TotalEnergies EP Nigeria with a 40per cent interest, alongside partner NNPC Ltd with the remaining 60 per cent.

Total Energies

TotalEnergies approves N8.5bn dividends for 2022

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Shareholders of TotalEnergies Marketing Nigeria Plc have  approved N8.49 billion dividend payout for 2022 financial year that translated to N25 per ordinary share for shareholders.

The shareholders gave the approval at the company’s 45th Annual General Meeting (AGM) held on Thursday in Lagos, while approving all resolutions.

The shareholders of the company commended the Board and management for an impressive result.

 The company, despite inflationary  pressure, recorded  N141.12 billion or 41 per cent increase in 2022 turnover to close at N482.47 billion when compared with N341.35 billion recorded during the corresponding period of 2021.

However, Profit After Tax (PAT) decreased by four per cent from N16.86 billion to N16.11 billion due to rising costs.

They also congratulated Mrs Bunmi Popoola- Mordi, former Company Secretary of Totalenergies for being appointed as an Executive Director, which took effective from April 1.

Speaking at the AGM, the Chairman of the company, Mr Jean-Phillipe Torres, said in 2022 financial year, the environment was replete with incidents of insecurity, gunmen attacked and insurgency and banditry across the nation.

According to him, the development was a huge challenge in the country.

Torres said that the negative effect of inflation had been far-reaching, as the company saw prices rise exponentially across food, goods and services, while inflation surged dramatically month on month.

“By December, inflation had risen to 21.34 per cent year-on-year and the Consumer Price Index (CPI) had increased to 18.85 per cent year-on-year. The Naira continued on a downward spiral.

“The Russia Ukraine war which began in February 2022 had reaching implications well beyond security, the borders of the two countries and several continents.

“Nigeria was not exempted from the impact of the war as there were significant increases in wheat and energy prices in the country.

“The price of bread and some other wheat-related products increased by as much as 100 per cent. Coupled with supply chain challenges AGO opened the year at N350 per litre and close at N850.

“On the local aviation market, we saw air fares double in response to inflation and rising costs of aviation fuel,” he added.

He, however, reiterated the company’s ambition to become the responsible energy major and a world class player in sustainable energy, saying that “this what we will continue to focus our efforts”.

Total Energies

TotalEnergies, NNPCL, others inaugurate CSR projects in 7 states

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The Nigerian National Petroleum Company Ltd. (NNPC) and TotalEnergies Upstream Nigeria Ltd., operator of OML 130, and partners have inaugurated projects in seven states in furtherance of its Corporate Social Responsibility (CSR).

Mr Mike Sangster, Managing Director, TotalEnergies Upstream companies in Nigeria, said in a statement in Lagos on Tuesday that the projects were inaugurated in Osun, Kwara, Imo, Enugu, Anambra, Benue and Rivers States.

Sangster said the inauguration of the projects was in furtherance of the group’s CSR initiative to positively impact its host communities in Nigeria.

He said the projects were borne out of the need to mitigate the gaps in qualitative and technical education, maternal and child health, access to clean water, as well as women and youth empowerment.

“The projects are in congruence with the related United Nations Sustainability Development Goals.

“The locations of these projects have also been very carefully chosen for maximum impact, coming from a need assessment carried out before the deployment.

“It is important to note that these projects were realised using the novel approach of project managers.

“This approach, which is new in the industry, permits the delivery of projects in remote and challenging environments while ensuring the use of local expertise and stakeholder engagement.

“I am very happy the pilot projects were successful. We are using the ‘Return on Experience,’ to improve our processes and deliver successive projects faster and better,” he said.

The MD said in 2021, a total of 10 projects were commissioned, while nine had been commissioned and handed over so far this year under the batch four project lineups.

“In 2016, TotalEnergies commenced its robust plan to deploy CSR infrastructure developments across the country, which resulted in a strategy to deliver 84 infrastructure projects across the six geo-political zones in Nigeria.

“In our first phase, a total of 33 projects were launched in 2017 in the areas of Education, Health, Capacity Building and Access to Water across the country.

“In its second phase, another 24 projects were launched in 2018 and yet another 27 projects were launched in 2019 in the third phase.

“Of these 84 infrastructure projects, over 54 have already been completed and commissioned from the earlier phases and a total of eight  have now been completed and commissioned,” he added.

Sangster said the projects ranged from fully equipped solar borehole and water treatment plants, women development and skills acquisition centre, solar-powered science laboratory, mammography centre and model secondary school.

“The Imesi Ile community in Osun State and Federal Government College, Enugu, Enugu State got a solar-powered borehole and water treatment plant, the Omu-Aran community in Kwara State received a women development and skills acquisition centre.

“The solar panel and batteries powered facility will ensure constant renewable energy and help to improve the environment through reduction in emission of greenhouse gases,” he said.

The statement quoted the Chief Upstream Investment Officer, NNPCL, Upstream Investment Management Services, Mr Bala Wunti, as saying the project aligned with the sustainable development goals.

Wunti said the project, which was implemented by NNPCL, TotalEnergies Upstream Nigeria Ltd., operator of OML 130 and partners was geared towards mitigating the various identified gaps in the society.

“We will continue to champion the implementation of Sustainable Community Development projects that will positively impact the lives of the citizens of this country.

“We are very proud to be commissioning yet another laudable project. We know that this facility will bring succour to the people,” he said.

Representative of partners, Mr Luc Vanson, Chief Operating Officer, Prime 130, expressed his delight at the completion and commissioning of the projects, and said he was proud to be part of such laudable initiatives.

Vanson implored beneficiary communities to ensure sustainable use of the facilities to impact the people positively.

OML 130 partners include NNPC, TotalEnergies Upstream, PRIME (formerly Petrobras), Sapetro and CNOOC.

Total Energies

TotalEnergies begins production from 50,000bpd Ikike field

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TotalEnergies, OML99 operator (40 per cent), has announced the start of production from the Ikike field, in Nigeria.

TotalEnergies made the announcement in a statement posted on its website.

The Ikike project is a Joint Venture between TotalEnergies and the Nigerian National Petroleum Company Ltd. (60 per cent).

According to the statement, located 20 kilometers off the coast, at a depth of about 20 meters, the Ikike platform is tied back to the existing Amenam offshore facilities through a 14 km multiphase pipeline.

The statement said it would deliver peak production of 50,000 barrels of oil equivalent per day by the end of 2022.

“The Ikike project leverages existing facilities to keep costs low, and is designed to minimise greenhouse gas emissions: estimated at less than 4kg CO2e/boe.

“They will contribute to reducing the average carbon intensity of TotalEnergies’ upstream portfolio,” it said.

The statement added that 95 per cent of hours were worked locally; the jacket as well as the topside modules were entirely built and integrated by local contractors.

“TotalEnergies is pleased to start production at Ikike, which was launched a few months before the COVID-19 pandemic, and whose success owes a lot to the full mobilisation of the teams.

“By tapping discoveries close to existing facilities, this project fits the company’s strategy of focusing on low-cost and low-emission oil projects,” said Henri-Max Ndong-Nzue, Senior Vice President Africa, Exploration and Production at TotalEnergies.

TotalEnergies has been present in Nigeria for more than 60 years and employs today more than 1,800 people across different business segments.

Nigeria is one of the main contributing countries to TotalEnergies’ hydrocarbon production where the Company produced 240,000 boe/d in 2021.

TotalEnergies also operates an extensive distribution network which includes about 540 service stations in the country.

Total Energies

TotalEnergies posts N16.8bn profit for 2021  

TotalEnergies Marketing Nigeria Plc (TEMNPLC), a leading energy company, has recorded a profit after tax of N16.8 billion for the year ended Dec. 31, 2021.  

The amount is 712 per cent higher when compared with N2.06 billion recorded by the company in the comparative period of 2020.  

The company’s Board Chairman, Mr Jean-Phillipe Torres, made the announcement at its 44th Annual General Meeting on Thursday in Lagos.  

He said: “Distinguished shareholders, despite global, national and local economic and social challenges, your company’s turnover increased by 67 per cent from N205 billion in 2020 to N341 billion in 2021.  

“Profit after tax increased by an unprecedented 712 per cent from N2.06 billion to N16.8 billion. This is indeed a remarkable achievement.  

“With your kind permission, I would like to use this medium to thank you our shareholders for your loyalty, the board for its steer, management for its dynamism and the staff for their commitment.”  

Torres said the company had earlier distributed the sum of N1.36 billion as interim dividends, representing N4 per share for the year ended Dec. 31, 2021.  

“The board proposes for approval by shareholders the sum of N6.18 billion representing another N18.20 to be distributed as final dividend for the year 2021.  

“This is subject to the deduction of appropriate withholding taxes at the time of payment,” he said.  

Torres assured the shareholders that the approved dividends would be paid on June 17 in line with the company’s corporate reputation for early disbursement of shareholders’ dividends.  

He said the company faced some operating challenges in the year under review including insecurity, decayed infrastructure, depreciation of the Naira as well as the rising cost of energy.  

Torres said, however, the company remains steadfast in its commitment to renewable energies adding that by the end of 2021 a total of 131 service stations had been solarised, while a further 125 stations are planned for solarisation in 2022.  

He said: “Over 1.5 million people in Nigeria have benefited from the sale of 400,000 TotalEnergies solar lamps, we have also deployed several B2B solar hybrid solutions in Nigeria .  

“TEMNPLC remains very active in the lubricant market and has continued to grow its market share which by the end of the year stood at 17 per cent.  

“The company commenced installation of its end of line automated machines at its blending plants which will be concluded in 2022; it will increase production output of small pack lubricants (1-5 Litre) by about 30 per cent.”  

The board chairman expressed optimism that the decade of 2020 to 2030 would see TotalEnergies transform into a true multi-energy company in line with its commitment to the global energy transition.  

Speaking on behalf of the shareholders, Chief Matthew Akinlade, President, Noble Shareholders Solidarity Association, commended the management and staffers of the company for the impressive performance recorded in 2021.  

“A lot of us are retirees and we are depending on our investment income. We are happy that you are doing very well despite the economic challenges,”he said

Total Energies

Total Nigeria now TotalEnergies Marketing Nigeria  

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Total Nigeria Plc on Thursday said that shareholders of the company on Aug. 19, voted to change its name to TotalEnergies Marketing Nigeria Plc.

This is contained in a formal notification signed by the Company’s Secretary/Executive General Manager, Mrs Bunmi Popoola-Mordi, to the investing public and the Nigerian Exchange (NGX) Limited in Lagos.

Popoola-Mordi said: “The name change is accompanied by a new visual identity for all of our activities.

“It is aimed at anchoring our transformation to a multi-energy group, such transformation being based on a development strategy of two pillars, gas and renewable electricity as well as the underlying ambition of a transition to carbon neutrality by 2050.

“The company has successfully completed the regulatory processes for the change of name.

“Henceforth, the company is to be known as TotalEnergies Marketing Nigeria Plc,” she said.