France’s Total becomes TotalEnergies

France’s Total, world’s second-largest private LNG player, has changed its name to TotalEnergies after its shareholders voted overwhelmingly in favor of rebranding the group.

During a meeting held in Paris on Friday, Total’s shareholders approved “almost unanimously” the resolution to change the company’s name, thereby anchoring the company’s “strategic transformation into a broad energy company,” the firm said in a statement.

The company previously said it would rebrand as TotalEnergies as it plans to reduce oil products to a third of its sales from over half now in the next decade.

In addition, it would base the growth of its energy production on two pillars, LNG and renewables & electricity, while oil products would fall to 30 percent of sales.

“I would like to thank our shareholders for their almost unanimous support on our new name, TotalEnergies, that anchors our strategy in our identity, as well as for their support by a very large majority, more than 90%, on the resolution on the company’s ambition with respect to sustainable development and energy transition towards carbon neutrality and its related targets by 2030,” CEO Patrick Pouyanne said.

- Advertisements -

Most Popular

Golden Pass LNG to speed up pipeline construction

QatarEnergy and ExxonMobil are seeking approval from US energy regulators to increase the peak workforce to speed up the...

US FERC to decide on Venture Global’s CP2 LNG project

The US FERC is set to decide next week on Venture Global LNG's proposed CP2 LNG project in Louisiana. According...

Singapore LNG bunkering volumes hit new record

Singapore’s liquefied natural gas (LNG) bunkering sales reached a new record in May, according to Singapore’s Maritime and Port...

More News Like This

TotalEnergies, NNPC take FID on new gas project to supply Nigeria LNG plant

France's TotalEnergies and Nigeria's NNPC have taken the final investment decision for the development of the Ubeta gas field...

TotalEnergies inks two Asian LNG supply deals

French energy giant TotalEnergies has entered into deals to supply liquefied natural gas (LNG) to Indian Oil and Korea...

India’s Dhamra LNG terminal received 20 cargoes in first year of operations

India’s Adani and France’s TotalEnergies have received 20 shipments at their Dhamra LNG import facility located in Odisha, on...

TotalEnergies supplies LNG cargo to PetroVietnam Gas

PetroVietnam Gas, a unit of state-owned PetroVietnam, has received a liquefied natural gas cargo from a unit of France's...