TotalEnergies Kenya picks new board chairman

KENYA – TotalEnergies Marketing Kenya Plc,  formerly Total Kenya, has appointed Mr. Olivier Van Parys to serve as the director and chairman of the board with effect from September 21, 2021. Mr. Van Prays, an insider in the French oil major, replaces Frenchman Jean-Philippe Torres who has resigned from the position he held from September 2018. The new board chair serves as the Executive Vice President of the East and Central Africa division at TotalEnergies in Paris, France. “Mr. Van Parys has worked for the TotalEnergies Company for the last 26…

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TotalEnergies LNG Mozambique project could resume within 18 months – AfDB

MOZAMBIQUE – TotalEnergies’ liquefied natural gas (LNG) project in Mozambique could be back on track within the next 18 months after African armies were deployed to help quell an insurgency, the president of the African Development Bank (AfDB) has said. The French energy giant declared force majeure on the US$20 billion project in April 2021 after Islamic State-linked fighters overran the town of Palma, on the doorstep of its facilities in the northern Cabo Delgado province. It estimated at the time the disruption would delay development by at least a…

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TotalEnergies Kenya picks new Managing Director

KENYA – TotalEnergies Marketing Kenya Plc, a leading petroleum and gas products supplier in the East African region, has appointed Eric Fanchini as a director and the company’s new Managing Director. Fanchini is an insider at the oil marketing company which he has served for 18 years in various managerial positions including a stint as the IT Manager for the company’s aviation business in Paris. He replaces the exiting Olagoke Aluko who heads up the company’s ladder to become the Vice President of Finance & Corporate Affairs for Marketing and…

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TotalEnergies eyes stake in world’s largest offshore wind farm

WORLD – TotalEnergies SE is weighing taking a stake in what will be the world’s largest offshore wind farm, according to people familiar with the matter, as the French oil major continues to flex its green credentials, reports Bloomberg. Paris-listed TotalEnergies could buy a roughly 20% stake in the third phase of the Dogger Bank wind project in the North Sea, which is being developed by U.K.-listed SSE Plc and Norway’s Equinor ASA, the people said. Deliberations are ongoing, and no final decisions on the size of any stake purchase…

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TotalEnergies to buy back shares as fuel prices boom

WORLD – Energy company TotalEnergies says it would use part of its cash flow for share buybacks worth at least US$800 million, as rising oil and gas prices boosted profit, offsetting the hit from selling out of one of its Venezuelan ventures, reports Reuters. TotalEnergies has been investing heavily in clean energy projects and electricity production so it can eventually rely less on oil and gas, mirroring moves by European rivals. On 29th July 2021, it announced a collaboration with Amazon, through which it will supply the online retail giant with…

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TotalEnergies acquires the largest electric vehicle charge points network in Singapore

WORLD – Broad energy company TotalEnergies, has agreed to buy Singapore’s largest electric vehicle charging network from fellow French firm Bollore Group. Upon the approval of the relevant authorities, TotalEnergies will manage and operate the largest electric vehicle charging network in Singapore, with more than 1,500 charge points installed in the city-state. This urban charging network represents around 85% of the charge points currently under operation in Singapore, access to electric vehicles owners as well as the car-sharing solution BlueSG. Singapore is aiming to phase out all internal combustion engine…

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Old Mutual to install solar power plant at its Harare headquarters

ZIMBABWE – Old Mutual Life Assurance Company Zimbabwe, the subsidiary of the insurance company Old Mutual, is planning to install a 648 kWp solar power plant at its headquarters in Harare. The solar photovoltaic system will be connected to the Zimbabwean national electricity grid. Faced with load shedding in Zimbabwe, many companies are turning to self-consumption and this is the case of Old Mutual Life Assurance Company Zimbabwe. The insurance company wants to equip its Emerald Hill headquarters in Harare with a 648 kWp solar power plant. Old Mutual has…

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Fintech company InTouch secures investment from CFAO company, TotalEnergies and Worldline

Moroccan fintech startup, OnePay secures US$409,000

SENEGAL – InTouch, a Senegalese-based aggregator of financial solutions and digital services, has announced a strategic investment from CFAO company, TotalEnergies and Worldline. The investment is done through a capital increase in which the CFAO group invests alongside Mobility54, a vehicle committed to the mobility industry in Africa that was launched in conjunction with Toyota Tsusho Corporation in 2019. The investment is significant for CFAO, which wants to be a part of Africa’s digital payment industry development. CFAO also wants to contribute to the growth of InTouch in order to…

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TotalEnergies set to invest US$60bn to accelerate the energy transition in Nigeria

NIGERIA – TotalEnergies, an oil and gas company, has announced a new investment of US$60 billion that will be allocated over a period of 10 years to accelerate the energy transition in Nigeria. A portion of the funds will be specifically for Nigeria’s renewable sources of energy, as the company moves towards becoming one of the world’s top five organisations in renewables by 2030. The Executive General Manager, Total Country Services, Bunmi Popoola-Mordi, said the company had on 28 May 2021, transformed into TotalEnergies as an active player in the…

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