Recent events
Recent events tied to this brand in public sources.
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2020
Siemens Gas and Power and Total agree to study lower-emissions LNG production concepts
Siemens Gas and Power entered into an agreement with Total to study concepts for green LNG production, including ways to reduce facilities’ environmental footprint and greenhouse gas emissions.
2020
Total agrees to acquire a stake in Seagreen 1
Total entered into an agreement with SSE Renewables to acquire a 51% stake in the Seagreen 1 offshore wind farm project, for an upfront payment of GBP 70 million at closing and potential earn-outs of up to GBP 60 million subject to performance conditions.
2020
Total becomes a major shareholder in Seagreen 1
Total became a major shareholder in the Seagreen 1 offshore wind project in the UK.
2020
Total secures financing for Mozambique LNG
A group of 20 lenders signed a US$14.4 billion financing agreement with Total for the Mozambique LNG project; Total expected the financing to close in the third quarter of 2020.
2020
Qatar Petroleum agrees to acquire interests in Côte d’Ivoire exploration blocks
Qatar Petroleum said it had agreed to acquire working interests in two exploration blocks in Côte d’Ivoire. The farm-in agreement is subject to customary government approvals.
2020
Total and Cambridge Quantum Computing launch a collaboration on carbon-capture materials
Total and Cambridge Quantum Computing launched a collaboration to use quantum algorithms to simulate adsorbents and help select materials for capturing CO2.
2020
Total discontinues planned acquisition of Occidental Petroleum’s Ghana assets
Total decided not to pursue completion of its planned purchase of Anadarko’s Ghana assets from Occidental Petroleum. The transaction had been conditional on completion of the Algeria asset sale.
2020
Total agrees to acquire Tullow's interests in Uganda's Lake Albert project
Total and Tullow entered into an agreement under which Total would acquire Tullow's entire interests in the Uganda Lake Albert development project, including its 33.3334% stakes in the project licenses and proposed East African Crude Oil Pipeline system. The transaction is subject to shareholder, regulatory, and government approvals, as well as CNOOC's pre-emption right.
2020
Total cuts production at Leuna refinery
Total cut production at its Leuna refinery in Germany by around 25% because of low demand.
2020
Total announces sale of its Sierra Leone marketing and services business
Total signed an agreement to sell its Sierra Leone marketing and services business to Conex Oil and Gas Holdings; the transaction was expected to be completed in the second quarter of 2020.
2020
Total Quadran acquires Global Wind Power France
TOTAL S.A. announced that its unit Total Quadran had acquired Global Wind Power France, which has a 1,000-megawatt portfolio of onshore wind projects.
2020
Total announces cost cuts and buyback suspension
Total announced an action plan that included cutting organic capital expenditure by more than US$3 billion, saving US$800 million in 2020 operating costs compared with 2019, and suspending its buyback programme.
2020
Total agreed to acquire an 80% stake in the Erebus floating wind project
Total signed an agreement with developer Simply Blue Energy to acquire an 80% stake in the Erebus floating wind project in the Celtic Sea, Wales.
2020
Elengy acquired Total's stake in Fosmax LNG
Elengy acquired Total's 27.5% stake in Fosmax LNG, becoming the sole owner of the company that owns the Fos Cavaou LNG terminal. Total retained regasification capacity at the terminal.
2020
SCF LNG carrier to operate under long-term Total charter
SCF La Perouse was delivered to Sovcomflot’s fleet and will operate under a long-term time charter agreement with Total.
2020
Total and Adani Green Energy announce solar joint venture
Total and Adani Green Energy Limited announced plans to create a 50/50 joint venture that will hold solar assets in operation across 11 Indian states, with cumulative capacity of over 2 GW. The transaction remains subject to approval by relevant authorities.
2020
Total, PSA and Opel announce plans for European battery manufacturing joint venture
Total, through its affiliate Saft, and PSA with Opel announced plans to combine their know-how and establish a joint venture named Automotive Cell Company to develop electric-vehicle battery manufacturing activity in Europe.
2020
Total sued over carbon emission targets
Fourteen local governments and several NGOs in France sued Total, alleging that it had not done enough to reduce its carbon emissions and fight global warming. The plaintiffs asked a court to order Total to recognize risks generated by its activities and align with a path consistent with limiting global warming to 1.5°C.
2020
Total signs agreement to acquire stakes in two Angolan offshore blocks
Total signed a sale and purchase agreement with Sonangol to acquire interests in offshore Blocks 20/11 and 21/09 in Angola's Kwanza Basin, subject to approvals. Total plans to hold 50% and 80% working interests in the respective blocks.
2019
Total agrees to acquire interests in two Angolan offshore blocks
Total signed an agreement with Sonangol to acquire interests in Blocks 20/11 and 21/09 in Angola's Kwanza Basin, subject to approvals from the competent authorities and partners.