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French energy group TotalEnergies said in a statement on Monday it had signed an agreement with Ksi Lisims LNG for the purchase of 2 million tons per year of LNG for 20 years from a future liquefaction plant, subject to the final investment decision of the project.
Crude oil prices have slumped this year. Brent, the global oil price benchmark, has fallen more than 10% on the year, pushing it into the low $60s.
TotalEnergies has signed an agreement with Norwegian investment company HitecVision to sell 50% of Polish biogas producer Polska Grupa Biogazowa, the French oil major said on Wednesday.
PARIS--(BUSINESS WIRE)--TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has signed a Sale and Purchase Agreement (SPA) with HitecVision, a Norwegian investment company specializing in energy, for the sale of 50% of Polska Grupa Biogazowa ("PGB") for an enterprise value of €190 million. With 20 units in operation and a production capacity of over 450 GWh of equivalent biomethane, PGB is the leader in biogas in Poland. Founded in 2007 and acquired by TotalEnergies in 2023, PGB operates biogas prod.
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Namibia expects French oil major TotalEnergies to take a final investment decision on its Venus discovery in the African country in the fourth quarter of 2026, Namibia petroleum commissioner Maggy Shino said on Tuesday.
Energy is vital to the modern world, but oil is still a volatile commodity. Oil prices have come under pressure of late, which has, in turn, resulted in weakening prices for oil-related stocks.
Berenberg analyst Henry Tarr lowered the firm's price target on TotalEnergies to EUR 61 from EUR 63 and keeps a Buy rating on the shares.
Subsidiaries of energy major TotalEnergies have applied for an environmental permit for a $16 billion green hydrogen and ammonia project in southern Chile, a regulatory filing showed on Monday.
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