TotalEnergies says its $14 billion Papua LNG project has moved closer to a Final Investment Decision after completing EPC tendering and securing nearly $4 billion in savings since 2024 through project optimisation and rebidding construction packages.
TotalEnergies has completed its December 2025 transaction with Galp covering three Namibian exploration licences, acquiring a 40 per cent operated stake in PEL83 while transferring interests in PEL56 and PEL91 to Galp.
TotalEnergies and partners SOCAR and XRG have taken the final investment decision for the full development of Azerbaijan’s Absheron gas field. The project is expected to start up in 2029, increasing production to 6 billion cubic metres of gas annually and 47,000 barrels per day of condensate.
TotalEnergies, operator with a 40 per cent stake, and Nigerian partner AMNI, which holds 60 per cent, have taken the Final Investment Decision (FID) for the development of the Ima gas field offshore Nigeria.
TotalEnergies has partnered with BlackRock’s Global Infrastructure Partners on African oil and gas infrastructure assets, receiving a $1.8 billion capital contribution in exchange for throughput-based tariff payments over up to 15 years.
TotalEnergies and French artificial intelligence company Mistral have announced a three-year partnership involving more than €100 million ($116 million) to develop a new generation of AI models for oil and gas exploration and reservoir development.
TotalEnergies has taken full ownership of the Grandpuits advanced plastics recycling plant in France after acquiring Plastic Energy’s remaining 35 per cent stake.
TotalEnergies has announced several exploration developments in Angola, including a new oil discovery on Block -field discovery on Block 17, where TotalEnergies holds a 38 per cent operated interest, is expected to reach first oil just three months after its June 20217 and agreements to enter two additional offshore exploration blocks.
KBR has been selected by the Live Oak consortium to provide front-end engineering design (FEED) services for a proposed e-NG project in Norfolk, Nebraska. The project aims to produce and export e-methane to Japan, targeting operations by 2030.
TotalEnergies has completed the transfer of its 10 per cent interest in Arctic LNG 2 to NordLine, a subsidiary of Novatek, following an announcement made alongside its second-quarter 2026 results.
