By Francois de Beaupuy (Bloomberg) -- Total SE will team up with Macquarie Group’s green bank to develop more than 2 gigawatts of floating wind farms off South Korea, the latest push by the French oil and gas giant to diversify into clean energy. Total and European peers such as Royal Dutch Shell Plc and BP Plc have vowed to reduce their exposure to fossil fuels and trim … [Read more...]
Oil Trading Bonanza Saved Shell and Total in Second Quarter
By Laura Hurst, Javier Blas and Francois de Beaupuy (Bloomberg) --The secretive oil-trading businesses of Royal Dutch Shell Plc and Total SE saved both European majors from posting losses in the second quarter, bringing a torrent of cash that countered the impact of the coronavirus crisis. Investors had already been warned that the pandemic hammered almost all parts of the … [Read more...]
Total Hiring for Offshore Wind Jobs in U.K., Denmark
Photo: By Teun van den Dries / Shutterstock By William Mathis (Bloomberg) -- French energy company Total SA is hiring in the U.K. and Denmark to prepare to compete for government contracts for offshore wind farms. The move adds to evidence of oil majors seeking to enter the wind business as governments everywhere look to reduce reliance on fossil fuels and spur cleaner … [Read more...]
CMA CGM and TOTAL Sign Major LNG Bunkering Deal
By Gus Trompiz PARIS, Dec 4 (Reuters) - Container shipping firm CMA CGM will use the French Mediterranean port of Marseille for refuelling some of its planned gas-powered vessels, backed by a supply partnership with energy group Total. Total will supply liquefied natural gas (LNG) and a refuelling barge to enable CMA CGM to refuel LNG-powered vessels at the Marseille-Fos hub … [Read more...]
Shell Plans South Africa Oil Expansion With Second Deal
By Paul Burkhardt (Bloomberg) -- Royal Dutch Shell Plc is planning to acquire an oil-block stake in a second deal in South Africa’s relatively unexplored waters, months after a major discovery by Total SA boosted the country’s hydrocarbon prospects. Shell has applied to take a stake in a license owned by OK Energy, located in deep waters off South Africa’s west coast, … [Read more...]