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Tag: TotalEnergies

ADNOC Distribution launches first service stations in Egypt as it delivers on international growth strategy

Posted: September 24, 2023 at 1:47 pm   /   Oil & Gas

ADNOC Distribution (ADX: ADNOCDIST), the UAE’s largest fuel and convenience retailer, today announced the inauguration of three ADNOC service stations in Egypt, strategically located in key areas across Greater Cairo to offer a full range of vehicle services to the local communities.  The Company plans to open a further six ADNOC service stations nationwide by […]

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TotalEnergies-led consortium to start drilling offshore Lebanon in September

Posted: May 10, 2023 at 2:58 pm   /   Oil & Gas

TotalEnergies, Eni and QatarEnergy have assigned a rig for the offshore southern block and will start drilling for oil and gas off the coast of Lebanon later this year. A consortium led by TotalEnergies will start drilling for oil and gas off the coast of Lebanon at the beginning of September, the country’s caretaker energy minister […]

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Adnoc Distribution closes acquisition of 50% stake in TotalEnergies Egypt

Posted: February 16, 2023 at 4:22 pm   /   Oil & Gas

Adnoc Distribution now owns half of one of Egypt’s largest fuel retailers: Adnoc Distribution, the distribution arm of UAE’s state oil company Abu Dhabi National Oil Company, has completed its acquisition of a 50% stake in fuel retailer TotalEnergies Egypt, it said in a statement yesterday. The acquisition marks Adnoc’s entry into the Egyptian fuel distribution market. […]

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B Investments sells its entire stake in TotalEnergies Egypt to Adnoc

Posted: December 26, 2022 at 12:45 pm   /   Oil & Gas

B Investments exits TotalEnergies Egypt: BPE Partners’ B Investments has agreed to sell its entire 6.38% stake in TotalEnergies Egypt to TotalEnergies Marketing Afique (TEMA) for USD 27.6 mn, the company said in a statement. This came alongside a separate BPE Partners-backed vehicle’s exit of its 9% stake to TEMA for USD 39 mn, handing TEMA […]

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ADNOC Distribution to acquire 50% stake in TotalEnergies’ Fuel Retail and Lubricants Business in Egypt

Posted: July 29, 2022 at 7:35 pm   /   Oil & Gas

Delivering on its commitment to pursue attractive international growth, ADNOC Distribution signs an agreement to acquire a stake in a significant portfolio, which includes 240 fuel retail stations, wholesale fuel, aviation fuel and lubricants operations. c. $203 million investment is the largest in ADNOC Distribution’s history. The acquisition will accelerate ADNOC Distribution’s international growth following […]

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TotalEnergies Takes Leading Position at Africa E&P Summit

Posted: September 1, 2021 at 9:24 pm   /   Oil & Gas

Frontier and TotalEnergies are pleased to announce that TotalEnergies will take a leading position at the upcoming Africa E&P Summit – Africa’s Premier Global Oil, Gas & Energy Conference set to take place on the 22nd and 23rd September in London & Online.By partnering with Frontier, TotalEnergies is showing leadership in the African oil, gas & energy industry […]

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TotalEnergies to develop a 100% renewable fuel for motorsport competition

Posted: August 25, 2021 at 3:33 pm   /   Oil & Gas, Renewables

TotalEnergies to introduce a 100% renewable fuel at the 24 Hours of Le Mans and at the FIA World Endurance Championship (WEC) TotalEnergies is developing a 100% renewable fuel for motorsport competition, to be introduced from next season at the FIA World Endurance Championship (WEC), including the 24 Hours of Le Mans 2022, and at […]

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