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

Venture Global seeks more time to complete Calcasieu Pass LNG terminal

US LNG exporter Venture Global LNG has requested more time from the US FERC to complete the commissioning of...

First Gen seeks new LNG cargo for Batangas FSRU terminal

Power producer First Gen is seeking one spot LNG cargo for its FSRU-based import terminal in Batangas, Philippines. The firm...

Equinor seals 15-year LNG supply deal with India’s Deepak Fertilisers

Norway's Equinor and India's Deepak Fertilisers have signed a 15-year deal for supplies of liquefied natural gas (LNG) with...

More News Like This

Update: Greece’s Alexandroupolis FSRU to receive first LNG cargo on Friday

Gastrade's FSRU-based LNG import terminal off Greece's Alexandroupolis will receive its first cargo of liquefied natural gas on Friday. "GasLog...

CEO: TotalEnergies hopes to resume Mozambique LNG construction by mid-2024

French energy giant TotalEnergies hopes to resume construction on its giant Mozambique LNG project by the middle of 2024,...

TotalEnergies reports lower LNG earnings, sales

France’s TotalEnergies said on Wednesday that the company’s integrated LNG business logged a decline in its adjusted net operating...

K Line charters third LNG-powered LCO2 carrier from Northern Lights JV

Japan’s shipping giant K Line has entered into a charter contract with Norway’s Northern Lights, a joint venture consisting...