TotalEnergies to invest heavily in international energy exploration

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).

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