Topic
totalenergies
Commodities TotalEnergies Awards Halliburton Integrated Drilling Contract for GranMorgu Offshore Suriname
Houston-based Halliburton has secured integrated well construction contracts from TotalEnergies for the GranMorgu deepwater project in Block 58, offshore Suriname. The agreement includes drilling and completion services, with Halliburton deploying digital and automated execution to improve performance and reduce costs. First oil is expected in 2028, with production capacity of up to 220,000 barrels per day.
Commodities TotalEnergies Awards Decommissioning Contract to Ocean Installer for Three North Sea Fields
TotalEnergies has awarded a contract to Ocean Installer for decommissioning work on three North Sea fields: Byggve, Skirne, and Atla. The project involves recovery of around 1,000 tonnes of subsea structures and pipelines, with most equipment to be recycled. The offshore campaign is scheduled for 2027, and the contract is valued in the NOK 100m to NOK 500m range.
Commodities TotalEnergies Sells 85% Stake in Malaysia Block 2E to Inpex for $350 Million
TotalEnergies has sold its 85% interest in Block 2E offshore Malaysia, representing a net 8.5% stake in the Marjoram gas field, to Inpex for $350 million. The deal aligns with TotalEnergies' strategy to monetize non-operated assets and prioritize low-cost, low-emission growth projects. The Marjoram field, operated by Shell and expected to start production in 2026, is part of a $10 billion development.
Commodities DOF Secures TotalEnergies FSO Replacement Contract for Nigerian Crude Storage Vessel
Norwegian offshore vessel owner DOF has won a contract from TotalEnergies for the subsea construction, mooring, disconnection of an existing FSO, and connection of a replacement unit for the FSO Unity. The contract, valued in the $50-100M range, involves four vessels and approximately 330 vessel-days, with offshore execution planned for Q4 2027 and Q1 2028. The FSO Unity stores up to 2.4 million barrels of crude oil from multiple Nigerian offshore fields.
Commodities Germany Rejects TotalEnergies Request to Surrender Offshore Wind Site, Minister Says Concession Binding
Germany has rejected TotalEnergies' request to surrender its NordseeEnergies 2 (NSE2) offshore wind site in the North Sea, with Economy Minister Katherina Reiche stating that concession awards are binding. TotalEnergies had sought to exit the 1.5GW project amid grid connection delays. In contrast, the US has spent nearly $2.6bn on offshore wind license buybacks, including nearly $1bn for TotalEnergies' two leases.
Commodities Global Offshore Wind Capacity on Track to Quadruple to 420 GW by 2035
A new report from the Global Wind Energy Council (GWEC) forecasts that global offshore wind capacity will quadruple to 420 GW by 2035, driven by a 24% CAGR between 2026 and 2030. In 2025, over 9 GW were added, bringing cumulative capacity to 92.5 GW. China led with 6.6 GW of new installations, while Europe added 2 GW.
Trade New York Challenges Offshore Wind Deal with TotalEnergies
New York and six other states have filed a lawsuit against the Trump administration and TotalEnergies over the cancellation of an offshore wind lease. The states argue the settlement undermines climate goals and misuses funds.