TotalEnergies to invest heavily in international energy exploration

Filters

French oil and gas giant, TotalEnergies, is upping its global exploration game, investing around $1 billion a year.

As part of its efforts, the company is putting funds into finding and producing energy in Africa in key locations like offshore Namibia and landlocked Uganda.

Senior Vice President for the company’s business in Africa, Mike Sangster, commented that TotalEnergies’ success relied on money and trust, but also long-term commitment and strong partnerships.

Recent discoveries in offshore Namibia have positioned the Southwest African nation as a hotspot for gas and oil. At the Namibia International Energy Conference in the capital city, Sangster stated that companies, communities and governments needed to collaborate if projects were to succeed.

He said that major energy projects required trust between partners and take time, and commented that open communication had benefited TotalEnergies, helping it expand its operations in Namibia that launched in 2017. He added that the company viewed Africa as a key element of its future.

Sangster cited Namibia, where TotalEnergies is involved in the Venus offshore oil discovery, which has the potential to see the country become a prominent oil producer, and Uganda, where the company has large oil development projects ongoing.

Beyond its global exploration efforts to find fresh energy sources, TotalEnergies also supplies cutting-edge greases, fluids and oil via its Total Lubricants brand. Serving a comprehensive list of sectors, the line includes mould release oil, metalworking fluid, gas engine oil, refrigeration compressor oil, extreme pressure (EP) grease, spindle oil and heat transfer fluid (HTF).

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also interested in:

Fuchs highlights new company strategy

Leading global operator in the lubricant industry, Fuchs Group, recently revealed its latest strategy called “FUCHS100” at Capital Markets Day.

TotalEnergies commences construction on new Philippines solar project

French oil and gas company TotalEnergies is joining forces with Nextnorth, the renewable energy developer, and UAE clean energy expert, Masdar, on a new solar energy project based in the

China to host major lubricants event in 2026

An international flagship event called “Lube Focus Week 2026” dedicated to lubricants, metalworking fluids and greases is being held in Shanghai this summer.