UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
July 30, 2021
Commission File Number 001-10888
TotalEnergies SE
(Translation of registrant’s name into English)
2, place Jean Millier
La Défense 6
92400 Courbevoie
France
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
TotalEnergies SE is providing on this Form 6-K a description of certain recent developments relating to its business.
EXHIBIT INDEX
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
TotalEnergies SE
Date: July 30, 2021 | By: | /s/ ANTOINE LARENAUDIE |
Name: Antoine LARENAUDIE | ||
Title: Group Treasurer |
EXHIBIT 99.1
Press release
Marseille, July 5, 2021
Energy transition in shipping:
First BioLNG production project at a French port
· | A large-scale, circular economy project spearheaded by EveRé, Elengy, TotalEnergies and the CMA CGM Group at Marseille’s major shipping port. |
· | Use of BioLNG produced from household waste from the Métropole Aix-Marseille-Provence. |
· | BioLNG to become a renewable energy source to fuel the CMA CGM Group’s ships, permitting at least a 67% greenhouse gas emissions reduction. |
· | A project led by the Coalition for the Energy of the Future, which aims to step up the pace of development of future energy sources and technologies. |
EveRé, operator of the multi-process household waste treatment plant commissioned by Métropole Aix-Marseille-Provence, the CMA CGM Group, a world leader in shipping and logistics, Elengy, a subsidiary of Engie, operating liquefied natural gas (LNG) terminals at Fos-sur-Mer and TotalEnergies, a global multi-energy company that produces and supplies energy, have joined forces to study the feasibility of creating France’s first production unit for liquefied biomethane (BioLNG), a low-carbon alternative fuel dedicated to energy transition in the shipping industry.
Produced by converting the biodegradable part of household waste from the Marseille Provence region, BioLNG would allow for the decarbonization of shipping services departing from the Grand Port Maritime in Marseille and would be used primarily for the CMA CGM Group’s LNG-powered vessels.
The project forms a circular economic system. Using the area’s household waste will help reduce local air pollutants (nitrogen oxides, sulfur oxides and fine particles), improving air quality and quality of life for people living in the region and supporting the energy transition in the shipping industry.
A concrete commitment to energy transition in shipping
BioLNG, combined with the dual-fuel gas engine technology developed by CMA CGM, reduces greenhouse gas emissions (including carbon dioxide) by at least 67% relative to well-to-wake VLSFO (the complete value chain). On the basis of a tank-to-wake measurement (at vessel level), greenhouse gas emissions are reduced by 88%.
Liquefied natural gas allows for a 99% reduction in sulfur oxide emissions, a 91% reduction in fine particles emissions and a 92% reduction in nitrogen oxide emissions. By the end of 2024, 44 of the CMA CGM Group’s vessels will be powered by LNG.
A project integrated into the local ecosystem
The project fits perfectly into the local ecosystem, benefiting from the particularly well-suited and already existing infrastructure at the Grand Port Maritime, including EveRé’s waste methanization unit, Elengy’s LNG terminals, which will be used for the storage and delivery of the BioLNG, TotalEnergies’ bunker vessel, which will be located at the port as of January 2022, and CMA CGM’s fleet of LNG-powered vessels. The feasibility study has been launched within the framework of this large-scale project, which corresponds with the national drive to promote BioLNG as defined in France’s Mobility Orientation Law.
CMA CGM, Engie and TotalEnergies: three corporations committed to supporting sustainable mobility
The CMA CGM Group, Engie and TotalEnergies have already been working together for several months as part of the Coalition for the Energy of the Future, which aims to step up the pace of development of future energy sources and technologies and to support new sustainable mobility models, thereby reducing the environmental impact of transportation and logistics.
In order to make true technological revolutions possible and achieve tangible results by 2030, the Coalition has set three main targets:
• | to considerably increase clean energy supply sources; |
• | to reduce energy consumption per equivalent kilometer transported; |
• | to reduce the proportion of emissions attributable to transportation and logistics. |
About CMA CGM
The CMA CGM Group, a world leader in shipping and logistics headed up by Rodolphe Saadé, serves over 420 ports on 5 continents around the world. The Group’s fleet of 561 ships carried close to 21 million TEU (Twenty-foot Equivalent Unit) containers in 2020. With its CEVA Logistics subsidiary, a world-class logistics provider carrying 400,000 tons of air freight and 2.8 million tons of overland freight every year, and CMA CGM Air Cargo, the CMA CGM Group is constantly innovating to offer its customers end-to-end services delivering performance gains through ground-breaking shipping, overland, air freight and logistics solutions.
The CMA CGM Group is committed to leading the energy transition in shipping and has pioneered the use of alternative fuels. In addition, it has set itself the goal of being carbon-neutral by 2050. This program of continuous improvement has yielded concrete results and reduced the Group’s total CO2 emissions by 4% in 2020.
Via the CMA CGM Foundation, the Group reaches out to thousands of children every year with initiatives championing education for all and equal opportunities. The CMA CGM Foundation also responds to humanitarian crises with emergency relief by harnessing the Group’s shipping and logistics expertise to carry humanitarian supplies to wherever they are needed around the world.
With a network of over 400 offices and 750 warehouses in 160 countries, the Group employs more than 110,000 staff members worldwide, 2,400 of whom are based in Marseille where it has its registered office.
cmacgm-group.com
Press Contact : media@cma-cgm.com
Follow the CMA CGM Group on:
About Elengy
Expert in Liquefied Natural Gas (LNG), Elengy, part of the ENGIE Group, operates three regulated LNG terminals in France: Montoir-de-Bretagne on the Atlantic coast, Fos Cavaou and Fos Tonkin in the Mediterranean. As the gateway to Europe for LNG, the three sites offer the market flexibility for unloading or loading any type of LNG carrier, transhipping between LNG carriers, loading trucks with LNG or regasifying LNG for injection into the transport network.With LNG, an available and competitive solution, Elengy contributes to the energy transition by reducing the environmental footprint of its customers. Furthermore, Elengy is developing its services to increase the use of LNG from now on, and to contribute to carbon neutrality by 2050.
2020 figures: 400 employees - Regasification capacity: more than 20 billion m3 of natural gas per year - Quantity of energy received: more than a third of French demand - 223 ship calls registered.
elengy.com@Elengy
Media contact: valerie.gentil@elengy.com
About EveRé
EveRé, a subsidiary of the Urbaser group, is a multi-process household waste treatment centre, put in operation in 2010, in the Fos-sur-Mer industrial area (Bouches-du-Rhône, France).As an industrial stakeholder specialising in waste recovery, EveRé performs with full transparency a public service mission entrusted by the Aix-Marseille Provence Metropole, under a Public Service Delegation contract, with the requirement for regulatory and environmental compliance.
Media contact : CO2 Communication / Sylvie Cottin / 06 07 46 66 72 / s-cottin@co2com.com
Territoire Marseille Provence (Aix-Marseille-Provence Metropole)
Created on January 2016, the Aix-Marseille-Provence Metropole is organized into six territories. The Territoire Marseille Provence brings together 18 cities and towns, and it has 1,045,000 inhabitants. It manages local fields, and its mission is in particular to ensure and organize the collection, treatment and recovery of waste in all of its cities and towns. It represents an average of 650,000 tons of waste per year. The Territory is also committed to a process of reducing waste at source, with, in particular, the Territoire Zéro Déchet - Zero Waste label since 2016. The Territory Marseille-Provence drives also the promotion of several prevention projects such as raising awareness among residents, making composting devices available, combating food waste or promoting re-use and repair.
Press contact: Julia Roimier / julia.roimier@ampmetropole.fr / 06 88 13 24 42
About TotalEnergies
TotalEnergies is a broad energy company that produces and markets energies on a global scale: natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
Media contact: +33 1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPR
Investors : +44 (0)207 719 7962 l ir@totalenergies.com
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Cautionary Note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TotalEnergies SE directly or indirectly owns investments are separate legal entities. TotalEnergies SE has no liability for their acts or omissions. In this document, the terms “TotalEnergies”, “TotalEnergies Company” and “Company” are sometimes used for convenience. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.
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EXHIBIT 99.2
PRESS RELEASE
July 5th, 2021
The Coalition for the Energy of the Future launches the feasibility study of its first major project and welcomes three new members
· | Launch of the feasibility study of the first French project of BioLNG production within a large maritime port. |
· | Air Liquide, Kuehne+Nagel Group and Rolls-Royce join the Coalition. |
· | Tangible progresses and launch of new projects. |
Launched in late 2019, the Coalition for the Energy of the Future aims at accelerating the development of future energies and technologies to sustain new green mobility models and reduce the impact of transport and logistics on climate change.
Launch of the feasibility study of the first French project of BioLNG production within a large maritime port
On the occasion of its second CEO meeting of 2021, the Coalition for the Energy of the Future announces the launch of the feasibility study of the first French project of BioLNG production within a large maritime port. Developed by three of its members, this project will enable to advance the production and use of BioLNG for maritime transportation.
Made possible by the Coalition’s work, this project will allow the transformation of household waste from the Métropole Aix-Marseille-Provence into liquefied biomethane (BioLNG) within the Port of Marseille Fos. This BioLNG will then be used to advance green mobility from the port, notably for the CMA CGM Group’s LNG-powered vessels.
This major project represents a virtuous example of circular economy and will benefit from existing infrastructures at the Port of Marseille Fos: EveRé’s (a household waste treatment center) methanation units, Elengy’s (a subsidiary of ENGIE) LNG terminals for stocking and delivery, TotalEnergies’ bunkering ship and CMA CGM’s LNG vessels.
BioLNG combined with CMA CGM vessels’ dual fuel engines will allow the reduction of at least 67% greenhouse gas emissions on a well-to-wake basis (entire value chain) and by 88% on a tank-to-wake basis (at ship level).
Air Liquide, Kuehne+Nagel Group and Rolls-Royce join the Coalition for the Energy of the Future
Already 14-member strong, the Coalition welcomes today the entry of three global companies recognized worldwide for their involvement into the emergence of technological innovations:
· | Air Liquide, a world leader in gases, technologies and services for Industry and Health, |
· | Kuehne+Nagel Group, one of the world’s leading logistics companies, |
· | Rolls-Royce, a leading engineering company focused on world-class power and propulsion systems. |
They join Airbus, AWS, Bureau Veritas, Carrefour, Cluster Maritime Français, CMA CGM Group, Crédit Agricole CIB, ENGIE, Faurecia, Michelin, PSA International, Schneider Electric, TotalEnergies and Wärtsilä in the Coalition.
Together, they will bring the Coalition additional resources and talents to take up the challenge of tomorrow’s sustainable transport and logistics.
Benoît Potier, President and CEO of Air Liquide group, said: "In line with Air Liquide’s commitment in favour of the energy transition, we are pleased to join the Energy of the Future coalition and the 17 major international companies that make it up. We are convinced of the benefits of a collective dynamic. In order to accelerate the energy transition of transport and the entire supply chain, we have to work together to provide concrete solutions and develop synergies. It is indeed by acting today and collectively, to prepare for the future and develop new models of sustainable mobility, that we can have a positive impact on tomorrow's society."
Otto Schacht, Member of the Management Board of Kuehne + Nagel International AG, responsible for Sea Logistics, said: “As a pioneer in sustainable logistics, we are pleased to join the Coalition for the Energies of the Future in Transport and Supply Chain. We are convinced that a collaborative, cross-industry approach will help to achieve the UN climate goals. Together, we strive to offer innovations for CO2-neutral transport solutions, such as the new BioLNG project. As the world’s leading logistics service provider connecting suppliers and customers, Kuehne+Nagel offers concrete sustainable actions for customers through our Net Zero Carbon programme.”
Adam Morton - Head of Environmental Technology, Rolls-Royce plc. said, “We are pleased to join the coalition at a time when there is so much focus across industries to accelerate decarbonisation and drive the development of technologies that will support sustainable growth in the transport and logistics sectors. The coalition’s aims and objectives complement Rolls-Royce’s ambitions and targets recently published in our Net Zero pathway. We believe that collaboration is essential if we are to achieve the transition to net zero carbon and it is through the power of working together that we will succeed.”
With these additional members, the Coalition continues to rally major global industry leaders from different sectors and pursues its ambition to accelerate the development of energies and technologies sustaining new, lower-carbon models to reach carbon-neutral objectives in transport and logistics.
Progresses and development of new projects
Since the beginning of 2021, the Coalition’s working groups have made progress on several of the projects being developed:
· | Tests and certification, as part of Carrefour’s projects Cathyope and H2Haul, of the first hydrogen 44 tons heavy truck in the South of France and collection of non-binding intentions to convert, as a first phase, at least 100 Diesel trucks to green hydrogen trucks in Europe, to decarbonise heavy-duty transportation in the European Union across its entire value chain: green hydrogen production, hydrogen refuelling infrastructure and end-users. |
· | Engineering studies to be launched on dedicated biofuel for shipping based on pyrolysis, with first quantities to be produced by 2022 and industrialized as from 2023. |
· | Development of an ecocalculator demonstrator certifying door-to-door CO2 impact on any given transportation routing as well as proposing low-emission alternatives with different levels of data details to allow shippers to precisely measure their carbon footprint. |
· | Publication in April 2021 of a common manifest on renewable gases to accelerate the energy transition. It is aimed at unveiling the potential of renewable gases in the energy transition and of the development of biomethane production across Europe. |
· | Technical studies on the energy balance and electrification rate across transportation route including terminals in Marseille and Singapore, to be followed by cost-benefit analysis on identified potential conversion areas. The studies have unveiled that by connecting vessel at quay we could save 5% of the total energy consumption on an Asia to Europe route, representing a potential saving of 50 tons of CO2 per vessel call in average. |
In addition, the Coalition is launching new projects to accelerate the development of new energies:
· | the production and testing of e-methane for the shipping industry, |
· | the warehouse of the future and supply chain of tomorrow, and the new green model between warehouses and distribution centers, |
· | new biofuels for aviation. |
· | A study to create the digital twin of a “green multimodal hub” to synchronize and pilot the production and the distribution of green energies. |
An international coalition with a clear pathway towards carbon neutrality
Launched in late 2019 during the French Maritime Economy Conference (Assises de l’Economie de la Mer), and supported by French President Emmanuel Macron, the Coalition for the Energy of the Future aims at accelerating the development of future energies and technologies to sustain new green mobility models to reduce the climate impact of transport and logistics.
To achieve genuine technological breakthroughs with tangible results by 2030, the Coalition’s three main goals are:
· | To unlock a more extensive portfolio of clean energy sources; |
· | To decrease the energy consumption per kilometer-equivalent of goods mobility; |
· | To reduce the proportion of emissions linked to transport and logistics. |
About Airbus
Airbus pioneers sustainable aerospace for a safe and united world. The Company constantly innovates to provide the most efficient and technologically-advanced solutions in aerospace, defence, and connected services. In commercial aircraft, Airbus offers the most modern and fuel-efficient airliners. Airbus Defence and Space is a European leader in defence and security and one of the world's leading space businesses. Airbus Helicopters provides the most efficient civil and military rotorcraft solutions worldwide.
Press Contact:
Matthieu Duvelleroy, +33629431564, matthieu.duvelleroy@airbus.com
About Air Liquide
A world leader in gases, technologies and services for Industry and Health, Air Liquide is present in 78 countries with approximately 64,500 employees and serves more than 3.8 million customers and patients. Oxygen, nitrogen and hydrogen are essential small molecules for life, matter and energy. They embody Air Liquide’s scientific territory and have been at the core of the company’s activities since its creation in 1902.
Air Liquide’s ambition is to be a leader in its industry, deliver long term performance and contribute to sustainability - with a strong commitment to climate change and energy transition at the heart of its strategy. The company’s customer-centric transformation strategy aims at profitable, regular and responsible growth over the long term. It relies on operational excellence, selective investments, open innovation and a network organization implemented by the Group worldwide. Through the commitment and inventiveness of its people, Air Liquide leverages energy and environment transition, changes in healthcare and digitization, and delivers greater value to all its stakeholders.
Air Liquide’s revenue amounted to more than 20 billion euros in 2020. Air Liquide is listed on the Euronext Paris stock exchange (compartment A) and belongs to the CAC 40, EURO STOXX 50 and FTSE4Good indexes.
Media contact: media@airliquide.com
About Amazon Web Services
For almost 15 years, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud platform. AWS has been continually expanding its services to support virtually any cloud workload, and it now has more than 200 fully featured services for compute, storage, databases, networking, analytics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, virtual and augmented reality (VR and AR), media, and application development, deployment, and management from 77 Availability Zones (AZs) within 24 geographic regions, with announced plans for 18 more Availability Zones and six more AWS Regions in Australia, India, Indonesia, Japan, Spain, and Switzerland. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs.
To learn more about AWS, visit aws.amazon.com.
About Bureau Veritas
Bureau Veritas is a world leader in laboratory testing, inspection and certification services. Created in 1828, the Group has more than 75,000 employees located in more than 1,500 offices and laboratories around the globe. Bureau Veritas helps its clients improve their performance by offering services and innovative solutions in order to ensure that their assets, products, infrastructure and processes meet standards and regulations in terms of quality, health and safety, environmental protection and social responsibility.
Bureau Veritas is listed on Euronext Paris and belongs to the Next 20 index.
Compartment A, ISIN code FR 0006174348, stock symbol: BVI.
For more information, visit www.bureauveritas.com, and follow us on Twitter (@bureauveritas) and LinkedIn.
About Carrefour Group
With a multi-format network of some 12,300 stores in more than 30 countries, the Carrefour Group is one of the world's leading food retailers. Carrefour welcomes 105 million customers throughout the world and recorded revenue of €80.7 billion in 2019. It has more than 320,000 employees who help to make Carrefour the world leader in the food transition for everyone, providing everybody with access to high-quality, affordable food every day, in all locations.
For more information, visit www.carrefour.com, or find us on Twitter (@GroupeCarrefour) and LinkedIn (Carrefour).
About CMA CGM
The CMA CGM Group, a world leader in shipping and logistics headed up by Rodolphe Saadé, serves over 420 ports on 5 continents around the world. The Group’s fleet of 561 ships carried close to 21 million TEU (Twenty-foot Equivalent Unit) containers in 2020. With its CEVA Logistics subsidiary, a world-class logistics provider carrying 400,000 tons of air freight and 2.8 million tons of overland freight every year, and CMA CGM Air Cargo, the CMA CGM Group is constantly innovating to offer its customers end-to-end services delivering performance gains through ground-breaking shipping, overland, air freight and logistics solutions.
The CMA CGM Group is committed to leading the energy transition in shipping and has pioneered the use of alternative fuels. In addition, it has set itself the goal of being carbon-neutral by 2050. This program of continuous improvement has yielded concrete results and reduced the Group’s total CO2 emissions by 4% in 2020.
Via the CMA CGM Foundation, the Group reaches out to thousands of children every year with initiatives championing education for all and equal opportunities. The CMA CGM Foundation also responds to humanitarian crises with emergency relief by harnessing the Group’s shipping and logistics expertise to carry humanitarian supplies to wherever they are needed around the world.
With a network of over 400 offices and 750 warehouses in 160 countries, the Group employs more than 110,000 staff members worldwide, 2,400 of whom are based in Marseille where it has its registered office.
cmacgm-group.com
Press Contact
media@cma-cgm.com
Follow the CMA CGM Group on:
About Cluster Maritime Français
Since 2006, the French Maritime Cluster has been promoting France's maritime economy and supporting its key players.
The CMF consists of 430 members including shipowners, shipbuilding, marine equipments, ship maintenance, repair and conversion, ports, fishing operators, manufacturers, marine competitiveness clusters, the French Navy, marine and oceanographic research, water sports, yachting, education, shipping bankers, brokers, insurers, classification service providers, etc.
The French Maritime Cluster created the « Maritime Eco-Energy Transition – MEET 2050 » Coalition in December 2019 with the French President in partenership with the Ministry of the Seas and ADEME, Companies Research Centers and Federations. This Coalition aims to define the « 0 emission ships&ports Program » to design the future energy models and the financing solutions of this pathway. For that the Coalition has created a first digital platform for information and decision making and is developing a R&D Center to foster the development and the deployment of key technologies.
For more information, please find English presentation: https://urlz.fr/g2q3
About Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB)
Crédit Agricole CIB is the corporate and investment banking arm of Credit Agricole Group, the 12th largest banking group worldwide in terms of tier 1 capital (The Banker, July 2020). Nearly 8,400 employees across Europe, the Americas, Asia-Pacific, the Middle East and Africa support the Bank's clients, meeting their financial needs throughout the world. Crédit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital markets activities, investment banking, structured finance, commercial banking and international trade. The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients.
For many years Crédit Agricole CIB has been committed to sustainable development. The Bank was the first French bank to sign the Equator Principles in 2003. It has also been a pioneer in Green Bond markets with the arrangement of public transactions from 2012 for a wide array of issuers (supranational banks, corporates, local authorities, banks) and was one of the co-drafter of Green Bond Principles and of the Social Bond Guidance. Relying on the expertise of a dedicated sustainable banking team and on the strong support of all bankers, Crédit Agricole CIB is one of the most active banks in the Green bonds market.
For more information, please visit www.ca-cib.com
For more information, please visit: www.ca-cib.fr
About ENGIE
Our group is a global reference in low-carbon energy and services. Together with our 170,000 employees, our customers, partners and stakeholders, we are committed to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions. Inspired by our purpose (“raison d’être”), we reconcile economic performance with a positive impact on people and the planet, building on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers.
Turnover in 2020: 55.8 billion Euros. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe, Euronext Vigeo Eiris - Eurozone 120/ Europe 120/ France 20, MSCI EMU ESG, MSCI Europe ESG, Euro Stoxx 50 ESG, Stoxx Europe 600 ESG, and Stoxx Global 1800 ESG).
About Faurecia
Founded in 1997, Faurecia has grown to become a major player in the global automotive industry. With almost 300 sites including 30 R&D centers and 115,500 employees in 37 countries, Faurecia is a global leader in its four areas of business: seating, interiors, Clarion Electronics and clean mobility. Faurecia has focused its technology strategy on providing solutions for the cockpit of the future and sustainable mobility. In 2019, the Group achieved total turnover of €17.8 billion. Faurecia is listed on the Euronext Paris stock exchange.
For more information, please visit: www.faurecia.com
About Kuehne+Nagel
With 72,500 employees at 1,400 locations in over 100 countries, the Kuehne+Nagel Group is one of the world's leading logistics companies. Its strong market position lies in sea logistics, air logistics, road logistics and contract logistics, with a clear focus on integrated logistics solutions.
For more information, visit www.kuehne-nagel.com
About Michelin
Michelin, the leading mobility company, is dedicated to enhancing its clients’ mobility, sustainably; designing and distributing the most suitable tires, services and solutions for its clients’ needs; providing digital services, maps and guides to help enrich trips and travels and make them unique experiences; and developing high-technology materials that serve a variety of industries. Headquartered in Clermont-Ferrand, France, Michelin is present in 170 countries, has 123,600 employees and operates 71 tire production facilities which together produced around 170 million tires in 2020.
www.michelin.com
About PSA International
PSA International (PSA) is a leading port group and trusted partner to cargo stakeholders. With flagship operations in Singapore and Antwerp, PSA’s global network encompasses over 50 locations in 26 countries around the world. The Group’s portfolio comprises 60 deepsea, rail and inland terminals, as well as affiliated businesses in distriparks, warehouses and marine services. Drawing on the deep expertise and experience from a diverse global team, PSA actively collaborates with its customers and partners to deliver world-class port services alongside, develop innovative cargo solutions and co-create an Internet of Logistics. As the partner of choice in the global supply chain, PSA is “The World's Port of Call”.
Visit us at www.globalpsa.com.
About Rolls-Royce
Rolls-Royce pioneers the power that matters to connect, power and protect society. We have pledged to achieve net zero greenhouse gas emissions in our operations by 2030 [excluding product testing] and joined the UN Race to Zero campaign in 2020, affirming our ambition to play a fundamental role in enabling the sectors in which we operate achieve net zero carbon by 2050.
Rolls-Royce has customers in more than 150 countries, comprising more than 400 airlines and leasing customers, 160 armed forces and navies, and more than 5,000 power and nuclear customers.
Annual underlying revenue was £11.76 billion in 2020 and we invested £1.25 billion on research and development. We also support a global network of 28 University Technology Centres, which position Rolls-Royce engineers at the forefront of scientific research.
About Schneider Electric
At Schneider, we believe access to energy and digital is a basic human right. We empower all to make the most of their energy and resources, ensuring Life Is On everywhere, for everyone, at every moment.
We provide energy and automation digital solutions for efficiency and sustainability. We combine world-leading energy technologies, real-time automation, software and services into integrated solutions for Homes, Buildings, Data Centers, Infrastructure and Industries.
We are committed to unleash the infinite possibilities of an open, global, innovative community that is passionate about our Meaningful Purpose, Inclusive and Empowered values.
www.se.com
Suivez-nous sur : |
About Wärtsilä
Wärtsilä is a global leader in smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation, total efficiency and data analytics, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2020, Wärtsilä's net sales totalled EUR 4.6 billion with approximately 18,000 employees. The company has operations in over 200 locations in more than 70 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.
www.wartsila.com
About TotalEnergies
TotalEnergies is a broad energy company that produces and markets energies on a global scale: natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
Media contact: +33 1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPR
Investors : +44 (0)207 719 7962 l ir@totalenergies.com
Cautionary Note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TotalEnergies SE directly or indirectly owns investments are separate legal entities. TotalEnergies SE has no liability for their acts or omissions. In this document, the terms “TotalEnergies”, “TotalEnergies Company” and “Company” are sometimes used for convenience. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.
EXHIBIT 99.3
|
TotalEnergies and Veolia Join Forces to Develop
CO2-based
Microalgae Cultivation to Produce
Next-generation Biofuels
Paris, July 6, 2021 – TotalEnergies and Veolia have joined forces to accelerate the development of microalgae cultivation using CO2. The two partners will pool their know-how to develop a four-year research project at the La Mède biorefinery, operated by TotalEnergies, with the long-term goal of producing biofuel.
Through photosynthesis, microalgae use sunlight and CO2 from the atmosphere or from industrial processes to grow. When mature, they can be transformed into next-generation biofuels with low carbon intensity.
As part of the project, a test platform will be set up to compare different innovative systems for growing microalgae and identify the most efficient ones.
Veolia will therefore bring its expertise in:
· | the water sector to optimize management of the microalgae's aquatic environment, |
· | the development of algal biomass as an effective solution for CO2 capture. |
TotalEnergies, in synergy with the business lines at the La Mède site, will bring its expertise in:
· | the cultivation and refining of biomass to produce advanced biofuels, |
· | CO2 capture and utilization technologies. |
“We are pleased to join forces with Veolia at our La Mède site to accelerate the assessment of microalgae cultivation systems using CO2, in the aim of producing next-generation biofuels. Biofuels will enable TotalEnergies’ clients to reduce their carbon footprint, and thus contribute to the ambition of achieving carbon neutrality by 2050 together with the society,” announced Marie-Noëlle Semeria, Chief Technology Officer at TotalEnergies.
"This unique partnership enables TotalEnergies and Veolia to accelerate the production cycle of a promising alternative energy that is necessary to protect the planet. With this project, Veolia can contribute its technical expertise in optimizing and securing biological treatments to a more global context that will have a positive impact on the ecological transformation. This partnership is an excellent example of the ecological innovation capacities that Veolia wants to offer its customers in response to the climate change,” said Philippe Seberac, Technical and Scientific Director at Veolia.”
_____
About TotalEnergies Research and Innovation
TotalEnergies deploys its Research and Innovation in the fields of solar and wind energy, storage solutions and hybrid energy systems, distributed energy networks, biofuels, biogas, hydrogen, low-carbon products for alternative mobility, and carbon capture, storage and utilization technologies. TotalEnergies Research and Innovation’s 4,300 employees based in 18 research centers around the world work hand in hand with researchers, students and entrepreneurs who are committed to supporting the energy transition.
About TotalEnergies
TotalEnergies is a broad energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables, and electricity. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
TotalEnergies Contacts
Media Relations: +33 1 47 44 46 99 │ presse@totalenergies.com │ @TotalEnergiesPR
Investor Relations: +44 (0)207 719 7962 │ ir@totalenergies.com
About Veolia
The Veolia Group's ambition is to be the benchmark company for the ecological transition. With operations on every continent and almost 179,000 employees, the Group designs and distributes useful, concrete solutions for the management of water, waste, and energy, which help bring about radical change. Through its three complementary activities, Veolia is growing access to resources, preserving the resources available, and renewing them. In 2020, the Veolia Group provided 95 million people with drinking water and 62 million with sanitation; it generated almost 43 million megawatt hours and recycled 47 million tons of waste. Veolia Environnement (Paris Euronext: VIE) posted consolidated sales of €26.010 billion in 2020.
Veolia Contacts
Media Relations: Laurent Obadia - Edouard de la Loyère I + 33 (0)1 85 57 85 23
Cautionary Note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TotalEnergies SE directly or indirectly owns investments are separate legal entities. TotalEnergies SE has no liability for their acts or omissions. The terms “Company” or “TotalEnergies company” refer collectively to the company TotalEnergies SE and the companies it controls directly or indirectly. Such terms are used solely for the sake of convenience for purposes of the present communication. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.
EXHIBIT 99.4
TotalEnergies and GHGSat Launch a New Initiative
to Monitor
Offshore Methane Emissions by Satellite
Paris, July 7, 2021 – As part of its commitment to identify, quantify and reduce methane emissions linked to its operations, TotalEnergies is partnering with GHGSat to develop a satellite imaging technology to monitor potential methane leak occurrences at offshore facilities.
This new technology, known as “Glint Mode”, annuls interference effects on data acquisition by observing sun glint on the ocean surface. This satellite imaging can be combined with local measurements for which TotalEnergies has developed the ultra-light AUSEA1 drone-mounted spectrometer, considered to be the most accurate in the world.
TotalEnergies and GHGSat have been working together since 2018 to refine methane emissions measurement thresholds in order to detect increasingly smaller emissions so that leaks can be prevented as far upstream as possible. In October 2020, the partners set a world record at TotalEnergies’ TADI2 testing complex, which is equipped with leading-edge detection resources, by successfully quantifying the smallest controlled leak detected to date. TotalEnergies and GHGSat are taking a new step with this initiative and will be conducting six satellite observations in Glint Mode of TotalEnergies offshore sites.
“As part of a continuous improvement program, TotalEnergies has decided to initiate a new stage in its collaboration with GHGSat to develop an innovative satellite mapping technology suited to offshore infrastructure. This technology will build on the methane emissions measurement system for which TotalEnergies holds the accuracy record and strengthen our position as a pioneer in developing methane emissions monitoring technologies,” said Marie-Noëlle Séméria, Chief Technology Officer at TotalEnergies.
“GHGSat is excited to expand its emissions monitoring work with TotalEnergies. By adding offshore measurements to its portfolio of satellite, airborne and analytical capabilities, GHGSat continues to enhance its services for market leaders like TotalEnergies,” declared Stéphane Germain, President of GHGSat.
This partnership builds on TotalEnergies’ commitment within the United Nations Environmental Programme (UNEP) Oil and Gas Methane Partnership (OGMP) to reduce the industry’s methane emissions.
Controlling Methane Emissions: A Priority for TotalEnergies
TotalEnergies’ performance in reducing methane emissions is one of the best in the industry. The Company has cut its emissions nearly in half since 2021 by focusing on different sources – among them flaring, venting and fugitive emissions – and by complying with stringent design standards for new projects to ensure that methane emissions are close to zero. The Company has already reduced routine flaring by more than 90% since 2010 and has pledged to eliminate the practice by 2030.
1 The 1.4-kg Airborne Ultra-Light Spectrometer for Environmental Applications (AUSEA) was developed by TotalEnergies and the GSMA laboratory, a joint research unit of the French National Center for Scientific Research (CNRS) and University of Reims Champagne Ardenne.
2 The TADI testing complex in Lacq (southwestern France) has unique capabilities for testing controlled gas emissions in a typical industrial environment.
TotalEnergies’ objective is to maintain emissions intensity below 0.2% of commercial gas produced for oil and gas facilities and below 0.1% for gas facilities. In 2020, these figures stood at 0.15% and below 0.1%, respectively, in line with the Company's targets.
In November 2020, TotalEnergies signed onto a second phase of the United Nations Environment Programme’s Oil and Gas Methane Partnership (OGMP 2.0), supporting a broader, more ambitious reporting framework extended to cover the entire gas value chain and non-operated assets.
_____
About GHGSat
GHGSat is a leader in high-resolution remote sensing of greenhouse gases from space. It provides emissions data to businesses, governments and regulators worldwide. Thanks to its exclusive remote detection capabilities and patented technology, GHGSat can monitor individual sites more accurately and precisely and facilitate timely strategic decisions.
Contacts GHGSat
Media Relations: Sevana Jinbachian │ sjinbach@ghgsat.com │ @ghgsat
About TotalEnergies Research and Innovation
TotalEnergies deploys its Research and Innovation in the fields of solar and wind energy, storage solutions and hybrid energy systems, distributed energy networks, biofuels, biogas, hydrogen, low-carbon products for alternative mobility, and carbon capture, storage and utilization technologies. TotalEnergies Research and Innovation’s 4,300 employees based in 18 research centers around the world work hand in hand with researchers, students and entrepreneurs who are committed to supporting the energy transition.
About TotalEnergies
TotalEnergies is a broad energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
TotalEnergies Contacts
Media Relations: +33 1 47 44 46 99 │ presse@totalenergies.com │ @TotalEnergiesPR
Investor Relations: +44 (0)207 719 7962 │ ir@totalenergies.com
Cautionary Note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TotalEnergies SE directly or indirectly owns investments are separate legal entities. TotalEnergies SE has no liability for their acts or omissions. The terms “Company” or “TotalEnergies company” refer collectively to the company TotalEnergies SE and the companies it controls directly or indirectly. Such terms are used solely for the sake of convenience for purposes of the present communication. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.
EXHIBIT 99.5
Air Liquide, Borealis, Esso, TotalEnergies and Yara collaborate to help decarbonize the industrial basin of Normandy in France
Air Liquide, Borealis, Esso S.A.F., TotalEnergies and Yara International ASA have signed a Memorandum of Understanding (MoU) to explore the development of a CO2 infrastructure including capture and storage, to help decarbonize the industrial basin located in the Normandy region, France. With the objective to reduce CO2 emissions by up to 3 million tons per year by 2030, which is equivalent to the emissions of more than 1 million passenger cars, the first phase will consist in studying the technical and economical feasibility of this project. This partnership, which will seek funding from European, French and Regional schemes, is open to other industrial parties.
The ability of industrial players to reduce their CO2 emissions in the medium and long term is a key issue for the sustainability of industrial activities and ecosystems in the area of Axe Seine/Normandy. The companies involved in the MoU have agreed to collaborate to assess the technical and economical feasibility of implementing an industrial CO2 capture and storage (CCS) chain, from their industrial facilities to ultimate storage in the North Sea.
François Jackow, Executive Vice President and a member of the Air Liquide Group’s Executive Committee supervising Europe Industries activities, said : “Air Liquide is pleased to contribute to this project its unique expertise in CO2 capture and liquefaction technologies. Since 2015 Air Liquide has successfully implemented CryocapTM in its plant in Port Jérôme, Normandy, an innovative proprietary CO2 capture and liquefaction technology, which allows to capture up to 90 % of CO2 emissions. This wider initiative illustrates how industrial players can mobilize to decarbonize key industrial basins and contribute to the fight against global warming. It is in line with Air Liquide’s Climate Objectives, which target carbon neutrality by 2050.”
Leo Alders, Chief Operating Officer Borealis Fertilizer, Technical Nitrogen and Melamine business said: “Our strong interest in this project is in the first place driven by the significant GHG reduction that can be achieved. It is our responsibility to society to seek for and engage in solutions for climate challenges. At the same time the project is an innovative and collaborative approach across the leading regional industries, creating new value chains.”
Charles Amyot, CEO of Esso S.A.F. and President of ExxonMobil activities in France, said :“ExxonMobil has more than 30 years of experience in CCS technology and is advancing plans for more than 20 new CCS opportunities around the world. We are pleased to collaborate on a joint study to assess the feasibility of the deployment of CCS in the Axe Seine / Normandy area, one of the most important technologies required to achieve society’s climate goals.”
Bernard Pinatel, President of Refining & Chemicals and member of the Executive Committee at TotalEnergies, said : “We are pleased to join forces with some major industrial players of the industrial basin of Normandy to collectively engage into a cooperation to reduce the CO2 emissions from our facilities. This collective effort will be facilitated by TotalEnergies’ actions in developing, with partners, CO2 storages in the North Sea such as the Northern Lights and Aramis' projects. This CCS initiative will contribute to the decarbonization of our Normandy platform and is fully aligned with TotalEnergies’ ambition to get to net zero emissions by 2050.”
Jorge Noval, President, Yara Industrial Solutions, a global division of Yara International ASA, said : “This alliance will support Yara Industrial Solutions’ journey to decarbonize production units and all of our value chains. Carbon Capture and Storage is essential in achieving our mid-term ambition of a 30 % reduction in absolute CO2 emissions in 2030 compared to 2018, meaning a reduction of 200,000 tonnes of CO2 emissions, equivalent to 100,000 tonnes Blue Ammonia at Le Havre production plant. We will implement future technologies to reach carbon neutrality in 2050 in line with Yara’s ambition. The decarbonization of our site in France will allow us to continue developing innovative applications for our industrial customers, and the impact on society will be significant. Our chemical industrial applications are all around us, from construction to automotive, in animal nutrition and NOx emission reduction as examples.”
JOINT PRESS RELEASE – Air Liquide, Borealis, Esso S.A.F., TotalEnergies and Yara
Contacts Air Liquide
Corporate Communications media@airliquide.com Investor Relations IRTeam@airliquide.com |
Contact Borealis
Kaatje Caignie Head of Communications Borealis Kaatje.Caignie@borealisgroup.com
|
Contact Esso S.A.F.
Esso.france@exxonmobil.com Catherine Brun : Olivier Dumas : |
Contacts TotalEnergies
Media Relations: +33 1 47 44 46 99 Investor Relations: +44 (0)207 719 796 ir@totalenergies.com |
Contacts Yara International ASA
Frank De Vogelaere, SVP, Production & HESQ frank.de.vogelaere@yara.com Gilles Raskopf, Director Technology Projects gilles.raskopf@yara.com |
About Air Liquide
A world leader in gases, technologies and services for Industry and Health, Air Liquide is present in 78 countries with approximately 64,500 employees and serves more than 3.8 million customers and patients. Oxygen, nitrogen and hydrogen are essential small molecules for life, matter and energy. They embody Air Liquide’s scientific territory and have been at the core of the company’s activities since its creation in 1902.
Air Liquide’s ambition is to be a leader in its industry, deliver long term performance and contribute to sustainability - with a strong commitment to climate change and energy transition at the heart of its strategy. The company’s customer-centric transformation strategy aims at profitable, regular and responsible growth over the long term. It relies on operational excellence, selective investments, open innovation and a network organization implemented by the Group worldwide. Through the commitment and inventiveness of its people, Air Liquide leverages energy and environment transition, changes in healthcare and digitization, and delivers greater value to all its stakeholders.
Air Liquide’s revenue amounted to more than 20 billion euros in 2020. Air Liquide is listed on the Euronext Paris stock exchange (compartment A) and belongs to the CAC 40, EURO STOXX 50 and FTSE4Good indexes.
About Borealis
Borealis is one of the world’s leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals, fertilizers and the mechanical recycling of plastics. We leverage our polymers expertise and decades of experience to offer value adding, innovative and circular material solutions for key industries. In re-inventing for more sustainable living, we build on our commitment to safety, our people and excellence as we accelerate the transformation to a circular economy and expand our geographical footprint.
With head offices in Vienna, Austria, Borealis employs 6,900 employees and operates in over 120 countries. In 2020, Borealis generated EUR 6.8 billion in sales revenue and a net profit of EUR 589 million. OMV, the Austria-based international oil and gas company, owns 75% of Borealis, while the remaining 25% is owned by a holding company of the Abu-Dhabi based Mubadala. We supply services and products to customers around the globe through Borealis and two important joint ventures: Borouge (with the Abu Dhabi National Oil Company, or ADNOC, based in UAE); and Baystar™ (with Total, based in the US).
About ExxonMobil - Esso S.A.F. is a listed company with an 82.89 percent ExxonMobil France Holding SAS interest
ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. Learn more about our involvement in CCS: Carbon capture and storage | ExxonMobil. References to “ExxonMobil” in this press release are used for convenience and may refer to one or more of Exxon Mobil Corporation and its affiliates.
About TotalEnergies
TotalEnergies is a broad energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables, and electricity. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
Cautionary Note - This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TotalEnergies SE directly or indirectly owns investments are separate legal entities. TotalEnergies SE has no liability for their acts or omissions. The terms “Company” or “TotalEnergies company” refer collectively to the company TotalEnergies SE and the companies it controls directly or indirectly. Such terms are used solely for the sake of convenience for purposes of the present communication. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.
About Yara International ASA
Yara grows knowledge to responsibly feed the world and protect the planet. Supporting our vision of a world without hunger and a planet respected, we pursue a strategy of sustainable value growth, promoting climate-friendly crop nutrition and industrial applications with a target of zero-emission energy solutions.
Our global division Yara Industrial Solutions aims to be the world leader in nitrogen and sustainable applications for industrial markets. We offer solutions to an extensive range of sectors - from the chemical, transport and construction industries - right into the food chain and even people's homes.
Yara operates an integrated business model with around 17,000 employees and operations in over 60 countries. We have a proven track record of strong returns and in 2020, Yara reported revenues of USD 11.6 billion.
JOINT PRESS RELEASE – Air Liquide, Borealis, Esso S.A.F., TotalEnergies and Yara
Exhibit 99.6
Australia: TotalEnergies enters into an infrastructure
agreement with GIP on Gladstone LNG.
Paris, July 13, 2021 – TotalEnergies has completed a transaction with GIP Australia (GIP) in relation to the downstream facilities of the Gladstone LNG Project owned by its subsidiary Total GLNG Australia (TGA), for a consideration of more than US$ 750 million, with effective date January 1, 2021.
As part of this transaction, GIP will receive a throughput-based tolling fee calculated on TGA’s share of gas processed through the downstream facilities over a period of 15 years.
TGA retains full control and ownership of its 27.5% interest in the Gladstone LNG Downstream Joint Venture.
“We have worked closely with GIP to achieve this infrastructure transaction and are happy of this first collaboration with such an experienced infrastructure partner. This monetization of infrastructure assets contributes to focusing further TotalEnergies’ capital on core producing assets and fully reflects TotalEnergies’ active portfolio management”, declared Jean-Pierre Sbraire, Chief Financial Officer at TotalEnergies.
The Gladstone LNG Project
The integrated LNG project consists of producing natural gas from the Fairview, Arcadia, Roma and Scotia fields, located in the Bowen-Surat Basin in Queensland, Australia.
The project also includes transporting the gas over approximately 400 kilometers to a gas liquefaction plant in the industrial port of Gladstone, northeast of Brisbane, on the eastern coast of Australia. The Gladstone LNG liquefaction plant consists of two trains with a total nameplate capacity in excess of 7.8 million tons per year.
The downstream facilities mainly comprise the gas transportation system and the two-train gas liquefaction plant. The Gladstone LNG Project has been exporting LNG since 2015.
TotalEnergies’ activities in Australia
For over 60 years, TotalEnergies has developed in Australia a range of activities spanning the spectrum of the energy industry.
TotalEnergies is involved in 2 major Australian LNG projects: Gladstone LNG on Curtis Island on stream since 2015 and Ichthys LNG in Darwin, operational since 2018.
Total Eren (TotalEnergies 30%) commissioned the Kiamal 250 MW solar PV power plant, largest in the state of Victoria. Maxeon (TotalEnergies 27%) is focusing on distributed generation in residential segment and commercial segment. Total Gas & Power Australia has an electricity retail license and is also developing 100MW / 100 MWh Energy Storage Scheme (ESS) projects in Victoria. Saft, a wholly owned subsidiary of TotalEnergies, is managing sales of advanced technology batteries for telecommunications, transport and grid, industry standby, civil electronics and defense divisions. TotalEnergies Marketing and Services branch is active in the lubricant market in Australia.
____
About TotalEnergies
TotalEnergies is a broad energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
TotalEnergies Contacts
Media Relations: +33 1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPR
Investor Relations: +44 (0)207 719 7962 l ir@totalenergies.com
Cautionary Note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TotalEnergies SE directly or indirectly owns investments are separate legal entities. TotalEnergies SE has no liability for their acts or omissions. The terms “Company” or “TotalEnergies company” refer collectively to the company TotalEnergies SE and the companies it controls directly or indirectly. Such terms are used solely for the sake of convenience for purposes of the present communication. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.
EXHIBIT 99.7
TotalEnergies partners with Technip Energies
to advance
low-carbon solutions for LNG and offshore facilities
Paris, 21 July 2021 – TotalEnergies and Technip Energies signed a Technical Cooperation Agreement to jointly develop low-carbon solutions for Liquefied Natural Gas (LNG) production and offshore facilities to accelerate the energy transition.
As part of this agreement, both parties will explore new concepts and technologies, in order to reduce carbon footprint of existing facilities and greenfield projects in key areas, such as :
· | LNG production, |
· | cryogeny, |
· | production and use of hydrogen for power generation, |
· | or processes for Carbon Capture, Utilization and Storage (CCUS) . |
The qualification of new architectures and equipment that will be developed in these areas is also part of the agreement.
This partnership is based on a common belief that cooperation across the industry is needed to achieve energy transition goals. By partnering, Technip Energies and TotalEnergies rely on complementary expertise to decarbonize LNG plants and offshore facilities, supported by their leadership positions in these areas.
Arnaud Breuillac, President Exploration & Production at TotalEnergies, declared: “For TotalEnergies as a global LNG player, this collaboration brings opportunities to further innovate and strengthen our expertise in reducing GHG emissions, improving energy efficiency for our LNG and offshore assets and developing innovative technologies such as hydrogen. It is in line with our company’s ambition to be Carbon Neutral by 2050. We are looking forward to cooperating with Technip Energies to find solutions helping to advance towards a low carbon future.”
Arnaud Pieton, Chief Executive Officer of Technip Energies, stated: “We are very proud to partner with TotalEnergies, a long-standing client and partner to bring together our expertise and know-how in LNG and Offshore projects to accelerate the transition towards a low-carbon society. This agreement reflects our commitment to provide tangible and decarbonized solutions from the earliest concept to delivery and beyond.”
TotalEnergies, Second Largest Private Global LNG Player
TotalEnergies is the world's second largest privately owned LNG player, with a global portfolio of nearly 50 Mtpa by 2025 and a global market share of around 10%. The Group benefits from strong and diversified positions throughout the LNG value chain: gas production and liquefaction, LNG transportation and trading, and contribution to the development of the LNG industry for maritime transport. Through its interests in liquefaction plants in Qatar, Nigeria, Russia, Norway, Oman, Egypt, the United Arab Emirates, the United States, Australia and Angola, the Company markets LNG on all world markets.
– – – –
About TotalEnergies
TotalEnergies is a broad energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.
Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
TotalEnergies Contacts
Media Relations : +33 1 47 44 46 99 │ presse@total.com l presse@totalenergies.com │ TotalEnergiesPR
Investor Relations: +44 (0)207 719 7962 │ ir@totalenergies.com
Technip Energies Contacts:
Investor relations: Phil Lindsay, Vice-President Investor Relations │ Tel: +44 203 429 3929 │
Email: investor.relations@technipenergies.com
Media relations :
Stella Fumey, Director Press Relations & Digital Communications │ Tel: +33 (1) 85 67 40 95 │
Email: media_@technipenergies.com
Jason Hyonne, Press Relations & Social Media Lead │ Tel: +33 1 47 78 22 89 l
Email: media_@technipenergies.com
Cautionary Note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TotalEnergies SE directly or indirectly owns investments are separate legal entities. TotalEnergies SE has no liability for their acts or omissions. In this document, the terms “TotalEnergies”, “TotalEnergies Company” and “Company” are sometimes used for convenience. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.
EXHIBIT 99.8
Belgium: TotalEnergies signs Renewable Power
Purchase Agreement with Air Liquide
Paris, 26 July 2021 –TotalEnergies, through Lampiris, its energy supply affiliate in Belgium, signed a Corporate Power Purchase Agreement with Air Liquide. TotalEnergies will supply 50 GWh per year of renewable electricity over a period of 15 years. Air Liquide will use this renewable energy to power some of its industrial and medical gas production sites in Belgium.
TotalEnergies will supply Air Liquide with this electricity from an offshore wind farm located in the Belgian North Sea. With a strong expertise across the integrated electricity chain, TotalEnergies proves its ability to provide competitive and available renewable electricity to support Air Liquide in its sustainable development objectives.
This agreement also illustrates TotalEnergies’ commitment to contribute to Belgium’s energy transition, while promoting low carbon solutions for its customers. The wind-generated electricity will save about 270,000 tons of CO2 emissions over the life of the contract.
“A growing number of companies are shifting to renewable energy, and we want to support them on their path towards carbon neutrality. There is a dynamic market for corporate PPAs in Europe, and we want TotalEnergies to take a strong leadership position”, said Julien Pouget, Senior Vice President Renewables at TotalEnergies.
This contract with Air Liquide follows other Corporate PPAs signed earlier this year by TotalEnergies with Orange, Microsoft and Merck.
TotalEnergies, renewables and electricity
As part of its ambition to get to net zero by 2050, TotalEnergies is building a portfolio of activities in renewables and electricity that should account for up to 40% of its sales by 2050. At the end of 2020, TotalEnergies’ gross power generation capacity worldwide was around 12 GW, including 7 GW of renewable energy. TotalEnergies will continue to expand this business to reach 35 GW of gross production capacity from renewable sources by 2025, and then 100 GW by 2030 with the objective of being among the world's top 5 in renewable energies.
_ _ _ _
About TotalEnergies
TotalEnergies is a broad energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
About Lampiris
Lampiris is the third largest supplier of renewable energy and gas in Belgium. The company supplies approximately one million connections and offers various solutions for self-consumption (by installing solar panels) and electric mobility. Lampiris is a 100% subsidiary of TotalEnergies.
TotalEnergies Contacts
Media Relations: +33 1 47 44 46 99 │ presse@total.com │ @TotalEnergiesPR
Investor Relations: +44 (0)207 719 7962 │ ir@totalenergies.com
Cautionary Note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TotalEnergies SE directly or indirectly owns investments are separate legal entities. TotalEnergies SE has no liability for their acts or omissions. In this document, the terms “TotalEnergies”, “TotalEnergies Company” and “Company” are sometimes used for convenience. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.
Exhibit 99.9
Singapore : TotalEnergies
Acquires the Largest
Electric Vehicle Charge Points Network
Paris / Singapore, July 28 2021 – TotalEnergies has signed with Bolloré Group for the acquisition of ‘Blue Charge’. 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, accessible to electric vehicles’ owners as well as to the carsharing solution BlueSG.
This network has been developed with the Land Transport Authority of Singapore (LTA) and with other partners from both public and private sectors. Local growth perspectives for electric mobility are powered by the ambition of Singapore to massively develop the charging infrastructure as part of its Green Plan 2030, which includes a target to reach 60,000 charge points by the end of the decade.
“With this acquisition, TotalEnergies is pursuing its transformation and adds a new name on the list of global cities, such as Paris, Amsterdam, London and Brussels, where the Company is already developing its EV charge points installing and operating activities. We are committed to provide the customer experience and services in line with our future users’ expectations.” declared Alexis Vovk, President Marketing & Services at TotalEnergies. “This urban charging network is also a key initiative for TotalEnergies in Asia-Pacific, a region where the development of electric mobility is a major challenge, deeply linked to the energy transition. We will do our intended best to make it a showcase of our expertise in this field.”
Commenting on the announcement, Ting Wee Liang, President of TotalEnergies Asia Pacific & Middle East - Marketing & Services, based in Singapore, added: “TotalEnergies is excited to enter the Singapore market to contribute towards the development of cleaner and reliable mobility solutions in the country. Today’s announcement also signals our ambition to actively participate in the Singapore Green Plan, to forge key partnerships and to accelerate developments in the region, using Singapore as a strategic launchpad.”
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About TotalEnergies in Singapore
Present in Singapore for almost 40 years with around 600 staff, TotalEnergies has activities ranging from regional headquarters, manufacturing, and research & development. Business divisions represented include Exploration & Production, Gas Renewables & Power, Marketing & Services (including the Company’s largest lubricants plant and the global headquarters of TotalEnergies Marine Fuels, located in Singapore) and Trading & Shipping. Singapore also houses a Research & Development centre of Hutchinson and Saft batteries’ activities.
About TotalEnergies
TotalEnergies is a broad energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
TotalEnergies Contacts
Media Relations: +33 1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPR
Investor Relations: +44 (0)207 719 7962 l ir@totalenergies.com
Cautionary Note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TotalEnergies SE directly or indirectly owns investments are separate legal entities. TotalEnergies SE has no liability for their acts or omissions. The terms “Company” or “TotalEnergies company” refer collectively to the company TotalEnergies SE and the companies it controls directly or indirectly. Such terms are used solely for the sake of convenience for purposes of the present communication. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.
EXHIBIT 99.10
Second quarter and first half 2021 results
With adjusted
results of $3.5 billion and EBITDA of $8.7 billion,
TotalEnergies fully benefits from high hydrocarbon prices
and allocates part of surplus revenues to share buybacks
while continuing to grow renewables and electricity
Paris, July 29, 2021 - The Board of Directors of TotalEnergies SE, meeting on July 28, 2021, under the chairmanship of Chairman and Chief Executive Officer Patrick Pouyanné, approved the Company's second quarter 2021 accounts. On this occasion, Patrick Pouyanné said:
"In the second quarter, thanks to the progressive recovery of global demand and OPEC+ discipline, TotalEnergies benefited from oil and gas markets that were 13% and 28% higher respectively quarter to quarter. In this context, TotalEnergies reported $3.5 billion of adjusted net income, a 15% increase compared to the first quarter 2021 and above the level of the pre-crisis second quarter 2019 which had a comparable oil price environment, notably thanks to the action plans implemented during the crisis.
TotalEnergies generated cash flow (DACF) of $6.8 billion, an increase of more than $1 billion compared to the previous quarter, and, by maintaining investment discipline, generated net cash flow of $3.2 billion this quarter, which covered the interim dividend of $2.1 billion and allowed continued debt reduction, with gearing falling to 18.5%, below the announced objective of 20%. The organic cash breakeven was below $25/b for the quarter.
Given the strong second quarter results, the Board of Directors decided to distribute a second interim dividend for 2021, stable at € 0.66/share.
In addition, given the high hydrocarbon prices and gearing below 20%, in the respect of the strategy of TotalEnergies and consistent with the cash flow allocation scheme presented in February 2021, the Board of Directors decided to allocate up to 40% of the additional cash flow generated above $60/b to share buybacks.
The iGRP segment confirmed its first quarter performance with adjusted net income and cash flow of around $900 million. Growth in Renewables and Electricity continued with more than 500 MW of gross renewable power generation capacity commissioned in the quarter and the acquisition of a stake in a 640 MW offshore wind project under construction in Taiwan.
Exploration and Production fully leveraged the higher Brent price and, despite lower production in the second quarter, mainly due to planned maintenance, reported increases of about 10% over the previous quarter in adjusted net operating income and cash flow to $2.2 billion and $4.3 billion, respectively.
Downstream delivered very good performance, thanks to the strength of its integrated model, which allowed it to benefit from very high margins in petrochemicals and the rebound of Marketing & Services results to pre-crisis results, despite depressed European refining margins. Downstream adjusted net operating income and cash flow increased by about 70% to $900 million and $1.5 billion, respectively.”
(1) Definition page 3.
(2) Excluding leases.
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1. | Highlights(3) |
Sustainability
· | Total transforms and becomes TotalEnergies, with a new visual identity |
· | 3rd place globally and 1st place for the sector Oil and Gas in the BloombergNEF ranking on the alignment of corporate strategies with the United Nations’ Sustainable Development Goals |
· | TotalEnergies and Chevron decide to suspend distribution of dividends from gas transport company in Myanmar |
· | Partnership with Novatek to reduce emissions from LNG production, develop large-scale carbon capture and storage, and study carbon-free hydrogen and ammonia projects |
· | Partnership with GHGSat for satellite-based monitoring of methane emissions at sea |
Renewables and Electricity
· | Acquired 23% stake in 640 MW offshore wind project under construction in Taiwan |
· | Acquisition by Adani Green Energy Ltd., in which TotalEnergies has a 20% stake, of a portfolio of 5 GW of renewable electricity generation capacity in operation and under construction in India that will contribute 1 GW to TotalEnergies' target of 35 GW in 2025 |
· | Signed contract with Merck & Co. for the sale of 90 GWh/y renewable electricity in Spain for 10 years |
· | Partnership with Amazon to supply (474 MW) renewable electricity to its data centers in Europe and the United States, and to accelerate TotalEnergies digital transformation |
· | Sales contract for 50 GWh/y over 15 years with Air Liquide in Belgium |
LNG
· | Remobilization of the Papua LNG project with a view to final investment decision in 2023 |
· | Agreement with Novatek to acquire 10% of Arctic Transshipment LLC, which will operate two LNG transshipment terminals under construction in Russia |
· | Tolling agreement with GIP, for more than $750 million, for Gladstone LNG infrastructure in Australia |
· | Withdrew from the Driftwood LNG project and sold TotalEnergies' stake in Tellurian Inc. |
· | Signed contract with ArcelorMittal Nippon Steel for a 5-year supply of up to 0.5 Mt/y of LNG in India |
· | Technical collaboration agreements with Siemens Energy and Technip Energies to develop low-carbon LNG technologies |
Upstream
· | Started production of Zinia Phase 2, short-cycle development project on Block 17 in Angola |
· | Significant new discovery on the Sapakara South well in Suriname |
· | Awarded two new conventional offshore exploration permits in Suriname with partner Qatar Petroleum |
· | Entry on Block 29 exploration permit in Angola as operator |
· | Agreed to divest TotalEnergies 18% interest in the Sarsang block, in Iraqi Kurdistan |
· | Divested TotalEnergies’ interest in Petrocedeño to PDVSA in Venezuela which led to the recognition of an exceptional capital loss of $1.38 billion during the quarter |
Downstream
· | Started production of sustainable aviation biofuels in France and made, in partnership with Air France-KLM, Groupe ADP and Airbus, the first long-haul flight with sustainable air fuel (SAF) in France |
· | Obtained concession for the expansion of the public charging network for electric vehicles of the City of Amsterdam, with 2,200 new charging points |
· | Global partnership in the field of lubricants and electric mobility with Peugeot, Citroën, DS Automobiles, Opel and Vauxhall |
· | Partnership agreement with Uber to accelerate transition of VTC drivers to electric mobility in France |
· | Acquired 20% stake in Hysetco, a French company owning the world's first fleet of hydrogen taxis, operated under the Hype brand, as well as hydrogen charging stations |
(3) Certain transactions referred to in the highlights are subject to approval by authorities or to conditions as per the agreements.
2
2. | Key figures from TotalEnergies’ consolidated financial statements(4) |
Data take into account the impact of the IFRS16 “Leases” rule, effective January 1, 2019.
* | Average €-$ exchange rate: 1.2058 in the second quarter 2021 and 1.2053 in the first half 2021. |
** | 2Q20, 2Q19 and 1H20 data restated. |
(4) Adjusted results are defined as income using replacement cost, adjusted for special items, excluding the impact of changes for fair value; adjustment items are on page 16.
(5) Adjusted EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) corresponds to the adjusted earnings before depreciation, depletion and impairment of tangible and intangible assets and mineral interests, income tax expense and cost of net debt, i.e. all operating income and contribution of equity affiliates to net income.
(6) Effective tax rate = (tax on adjusted net operating income) / (adjusted net operating income – income from equity affiliates – dividends received from investments – impairment of goodwill + tax on adjusted net operating income).
(7) In accordance with IFRS rules, adjusted fully-diluted earnings per share is calculated from the adjusted net income less the interest on the perpetual subordinated bond
(8) Organic investments = net investments excluding acquisitions, asset sales and other operations with non-controlling interests.
(9) Net acquisitions = acquisitions – assets sales – other transactions with non-controlling interests (see page 17).
(10) Net investments = organic investments + net acquisitions (see page 17).
(11) Operating cash flow before working capital changes, is defined as cash flow from operating activities before changes in working capital at replacement cost, excluding the mark-to-market effect of iGRP’s contracts and including capital gain from renewable projects sale (effective first quarter 2020). The inventory valuation effect is explained on page 19. The reconciliation table for different cash flow figures is on page 17.
(12) DACF = debt adjusted cash flow, is defined as operating cash flow before working capital changes and financial charges
3
3. | Key figures of environment, greenhouse gas emissions and production |
3.1 | Environment* – liquids and gas price realizations, refining margins |
* | The indicators are shown on page 20 |
The average price of LNG increased by 8% in the second quarter 2021 compared to the previous quarter, benefiting from the lag effect of rising oil prices on long-term oil-linked LNG contracts and from the increase in natural gas prices for spot gas price LNG contracts.
3.2 | Greenhouse gas emissions(13) |
(13) The six greenhouse gases in the Kyoto protocol, namely CO2, CH4, N2O, HFCs, PFCs and SF6, with their respective GWP (Global Warming Potential) as described in the 2007 IPCC report. HFCs, PFCs and SF6 are virtually absent from the Company’s emissions or are considered as non-material, and are therefore not counted.
(14) Scope 1+2 GHG emissions of operated oil & gas facilities are defined as the sum of direct emissions of greenhouse gases from sites or activities that are included in the scope of reporting (as defined in the Company’s 2020 Universal Registration Document) and indirect emissions attributable to broughtin energy (electricity, heat, steam), excluding purchased industrial gases (H2). They do not include facilities for power generation from renewable sources or natural gas, such as combined cycle natural gas power plants (CCGT) and sites with GHG emissions and activities of less than 30 kt CO2e/year
(15) Scope 3 GHG emissions are defined as the indirect emissions of greenhouse gases related to the use by customers of energy products sold for enduse, i.e. combustion of the products to obtain energy. A stoichiometric emission (oxidation of molecules to carbon dioxide) factor is applied to these sales to obtain an emission volume. The Company usually follows the oil & gas industry reporting guidelines published by IPIECA, which comply with the GHG Protocol methodologies. Only item 11 of Scope 3 (use of sold products), which is the most significant, is reported.
(16) Scope 1+2+3 GHG emissions in Europe are defined as the sum of Scope 1+2 GHG emissions of facilities operated by the Company and indirect GHG emissions related to the use by customers of energy products sold for end-use (Scope 3) in the EU, Norway, United Kingdom and Switzerland.
4
3.3 | Production* |
* | Company production = E&P production + iGRP production |
Hydrocarbon production was 2,747 thousand barrels of oil equivalent per day (kboe/d) in the second quarter 2021, a decrease of 3% year-on-year, comprised of:
· | +2% due to the start-up and ramp-up of projects, |
· | -2% due to the price effect, |
· | -3% due to the natural decline of the fields. |
Hydrocarbon production was 2,747 kboe/d in the second quarter 2021, down 4% from the first quarter 2021, due to major maintenance shutdowns.
Hydrocarbon production was 2,805 kboe/d in the first half 2021, a decrease of 5%, comprised of:
· | +2% due to the start-up and ramp-up of projects, including North Russkoye in Russia, Culzean in the United Kingdom, Johan Sverdrup in Norway and Iara in Brazil, |
· | -1% portfolio effect, notably asset sales in the United Kingdom and Block CA1 in Brunei, |
· | -2% due to planned maintenance and unplanned outages, notably in the United Kingdom, Australia, Norway and Nigeria, |
· | -1% due to the price effect, |
· | -3% due to the natural decline of the fields. |
5
4. | Analysis of business segments |
4.1 | Integrated Gas, Renewables & Power (iGRP) |
4.1.1 | Production and sales of Liquefied natural gas (LNG) and electricity |
* | The Company’s equity production may be sold by TotalEnergies or by the joint ventures |
Hydrocarbon production for LNG decreased year-on-year by 3% and 5% respectively in the second quarter 2021 and first half 2021, notably due to the shutdown of the Snøhvit LNG plant following a fire at the end of September 2020 and the planned maintenance shutdown in the second quarter 2021 on Ichthys LNG's liquefaction trains in Australia.
Total LNG sales were stable year-on-year in the second quarter 2021 and the first half 2021.
(1) Includes 20% of Adani Green Energy Ltd gross capacity effective first quarter 2021.
(2) End of period data.
(3) Solar, wind, biogas, hydroelectric and combined-cycle gas turbine (CCGT) plants.
(4) TotalEnergies share (% interest) of EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) in Renewables and Electricity affiliates, regardless of consolidation method.
6
Gross installed capacity of renewable electricity generation grew to 8.3 GW at the end of the second quarter 2021.
Net electricity production was 5.1 TWh in the second quarter 2021, an increase of 73% year-on-year, notably due to strong growth in renewable electricity generation and the acquisition of four CCGT plants in France and Spain in the fourth quarter of 2020.
Electricity and gas sales, seasonally lower in the second quarter, increased by 35% and 19% respectively in the second quarter 2021 compared to last year thanks to the growing number of customers, with TotalEnergies notably surpassing the 5 million customer mark (B2C and B2B) in France.
TotalEnergies’ share of the EBITDA of the Renewables and Electricity activities was $291 million in the second quarter 2021, more than tripling over one year, driven by growing electricity production, particularly renewable electricity, and the number of gas and electricity customers.
4.1.2 | Results |
* | Detail of adjustment items shown in the business segment information annex to financial statements. |
** | Excluding financial expenses, except those related to lease contracts, excluding the impact of contracts recognized at fair value for the sector and including capital gains on the sale of renewable projects. 2Q20, 2Q19 and 1H20 data restated (see note 11 on page 3). |
*** | Excluding financial charges, except those related to leases. |
Adjusted net operating income for the iGRP sector was:
· | $891 million in the second quarter 2021, more than doubling over the year, thanks to higher LNG prices and the growing contribution from Renewables and Electricity, |
· | $1,876 million in the first half 2021, an increase of 51% year-on-year for the same reasons as well as good performance by the trading activities in the first quarter 2021. |
Operating cash flow before working capital changes:
· | Decreased 14% year-on-year to $904 million in the second quarter 2021, as the second quarter of 2020 benefited from excellent performance of trading activities in a context of high market volatility, |
· | Increased 19% year-on-year to $1,963 million in the first half 2021, in line with the rise in LNG prices and the growing contribution of Renewables and Electricity. |
7
4.2 | Exploration & Production |
4.2.1 | Production |
4.2.2 | Results |
* | Details on adjustment items are shown in the business segment information annex to financial statements. |
** | Tax on adjusted net operating income / (adjusted net operating income - income from equity affiliates - dividends received from investments - impairment of goodwill + tax on adjusted net operating income). |
*** | Excluding financial charges, except those related to leases. |
Adjusted net operating income for Exploration & Production was:
· | $2,213 million in the second quarter 2021 compared to a loss of $209 million in the second quarter 2020, thanks to the sharp rebound in oil and gas prices, |
· | $4,188 million in the first half 2021, more than eight times higher in the first half 2020, for the same reasons. |
Operating cash flow before working capital changes was $4,262 million in the second quarter 2021 compared to $1,810 million a year earlier and increased by 84% to $8,086 million in the first half 2021, in line with higher oil and gas prices.
8
4.3 | Downstream (Refining & Chemicals and Marketing & Services) |
4.3.1 | Results |
* | Detail of adjustment items shown in the business segment information annex to financial statements. |
** | Excluding financial charges, except those related to leases. |
4.4 | Refining & Chemicals |
4.4.1 | Refinery and petrochemicals throughput and utilization rates |
* | Includes refineries in Africa reported in the Marketing & Services segment. |
** | Based on distillation capacity at the beginning of the year, excluding Grandpuits (definitively shut down first quarter 2021) from 2021 and Lindsey refinery (divested) from second quarter 2021. |
* | Olefins. |
** | Based on olefins production from steamcrackers and their treatment capacity at the start of the year. |
Refinery throughput:
· | Decreased 14% in the second quarter 2021 compared to a year ago, mainly due to the prolonged voluntary economic shutdown of the Donges refinery given the low European margins, the planned major shutdown of the Leuna refinery in Germany, the shutdown of the Grandpuits refinery in the first quarter 2021 for its conversion to a zero-oil platform, and the sale of the Lindsey refinery in the United Kingdom. The decrease was partially offset by the restart of the Feyzin refinery, in France, and the distillation unit at the Normandy platform, following a fire at the end of 2019, |
· | Decreased 18% in the first half 2021 compared to the previous year for the same reasons. |
Monomer production increased slightly in the second quarter 2021 compared to a year ago thanks to the restart of the Feyzin refinery, in France, after a major shutdown in 2020.
Polymer production also increased slightly in the second quarter 2021 compared to a year ago, despite the major shutdown in the second quarter 2021 of the Feluy plant in Belgium.
9
4.4.2 | Results |
* | Detail of adjustment items shown in the business segment information annex to financial statements. |
** | Excluding financial charges, except those related to leases. |
Adjusted net operating income for the Refining-Chemicals segment:
· | Decreased 11% year-on-year to $511 million in the second quarter 2021, due to still-depressed European refining margins that reflect the recovery in oil prices and the continued weak product demand, notably for distillates, linked to the reduced air transport, and to the outperformance of trading activities in the second quarter 2020. The second quarter 2021 results nevertheless benefited from the very good performance of petrochemicals, |
· | Decreased 21% year-on-year to $754 million in the first half of 2021, for the same reasons. |
Operating cash flow before working capital changes decreased by 24% year-on-year to 753 M$ in the second quarter 2021 and by 31% to 1,147 M$ in the first half 2021.
Cash flow from operations increased to $2,232 million in the second quarter 2021 from $1,080 million in the second quarter 2020, mainly due to a decrease in working capital requirements and a positive stock effect.
4.5 | Marketing & Services |
4.5.1 | Petroleum product sales |
* | Excludes trading and bulk refining sales |
Petroleum product sales volumes increased year-on-year by 13% in the second quarter 2021, thanks to the improving health situation and global economic rebound. The increase driven mainly by a recovery in the retail network sales.
4.5.2 | Results |
* | Detail of adjustment items shown in the business segment information annex to financial statements. |
** | Excluding financial charges, except those related to leases |
Adjusted net operating income was $417 million in the second quarter 2021 compared to $129 million a year earlier. This increase was mainly related to the increase in global sales volumes in a context of rising margins.
Operating cash flow before working capital changes was $707 million in the second quarter 2021 and $1,185 million in the first half.
10
5. | TotalEnergies results |
5.1 | Adjusted net operating income from business segments |
Adjusted net operating income for the sectors was:
· | $4,032 million in the second quarter 2021, compared to $821 million in the second quarter 2020, due to higher oil and gas prices, |
· | $7,519 million in the first half 2021, compared to $3,121 million a year earlier, for the same reasons. |
5.2 | Adjusted net income (TotalEnergies share) |
Adjusted net income (TotalEnergies share) was:
· | $3,463 million in the second quarter 2021 compared to $126 million a year earlier, due to the increase in oil and gas prices, |
· | $6,466 million in the first half 2021 compared to $1,907 million a year earlier, for the same reasons. |
Adjusted net income excludes the after-tax inventory effect, special items and impact of changes in fair value(17).
Total net income adjustments(18) were $(1,257) million in the second quarter 2021, mainly comprised of the effect of the sale of TotalEnergies’ participation in Petrocedeño to PDVSA in Venezuela for an amount of $(1,379) million, a $375 million positive inventory effect and restructuring charges related to voluntary departures in France and Belgium.
The effective tax rate for TotalEnergies was 34.3% in the second quarter 2021, compared to -6.8% in the second quarter 2020. This negative tax rate in 2020 was due to the adjusted net operating loss in Exploration & Production, which has a high tax rate, and was not offset by the positive, less taxed, results from Downstream activities.
5.3 | Adjusted earnings per share |
Adjusted fully-diluted earnings per share was:
· | $1.27 in the second quarter 2021, calculated based on 2,646 million weighted-average diluted shares, compared to $0.02 a year earlier, |
· | $2.38 in the first half 2021, calculated based on 2,644 million weighted-average diluted shares, compared to $0.68 a year earlier. |
As of June 30, 2021, the number of fully-diluted shares was 2,654 million.
5.4 | Acquisitions - asset sales |
Acquisitions were:
· | $662 million in the second quarter 2021 and included notably the 23% stake in a 640 MW offshore wind project in Taiwan, the Fonroche Biogas in France, and Repsol's interest in the Tin Fouyé Tabankort II field in Algeria, |
· | $2,870 million in the first half 2021, including the above items as well as the acquisition, for $2 billion, of a 20% interest in the renewable projects developer in India, Adani Green Energy Limited. |
Asset sales were:
· | $266 million in the second quarter 2021 and included notably the sale of TotalEnergies’ interest in the TBG pipeline in Brazil, the sale of shares in Clean Energy Fuels Corp, and the sale of its interest in Tellurian Inc. in the United States, |
· | $884 million in the first half 2021, including the above items as well as the sale in France of a 50% interest in a portfolio of renewable projects with a total capacity of 285 MW (100%), the sale of the 10% interest in onshore block OML 17 in Nigeria, a price supplement relating to the sale of Block CA1 in Brunei and the sale of the Lindsey refinery in the United Kingdom. |
(17) Adjustment items shown on page 19.
(18) Details shown on page 16 and in the appendix to the financial statements.
11
5.5 | Net cash flow |
TotalEnergies’ net cash flow(19) was:
· | $3,154 million in the second quarter 2021 compared to $722 million a year earlier, which takes into account the $2.7 billion increase in operating cash flow before changes in working capital and the slight increase of $276 million in net investments to $3,198 million in the second quarter 2021, |
· | $4,551 million in the first half 2021 compared to $862 million a year earlier, which takes into account the $4.3 billion increase in operating cash flow before changes in working capital, partially offset by a $620 million increase in net investments to $7,167 million in the first half 2021. |
5.6 | Profitability |
The return on equity was 8.4% for the twelve months ended June 30, 2021.
The return on average capital employed was 7.2% for the twelve months ended June 30, 2021.
6. | TotalEnergies SE accounts |
Net income for TotalEnergies SE, the parent company, was €4,568 million in the first half 2021 compared to €4,710 in the first half 2020.
7. | 2021 Sensitivities* |
* | Sensitivities are revised once per year upon publication of the previous year’s fourth quarter results. Sensitivities are estimates based on assumptions about TotalEnergies’ portfolio in 2021. Actual results could vary significantly from estimates based on the application of these sensitivities. The impact of the $-€ sensitivity on adjusted net operating income is essentially attributable to Refining & Chemicals. Please find the indicators detailed page 20. |
** | In a 50 $/b Brent environment. |
(19) Net cash flow = cash flow - net investments (including other transactions with non-controlling interest).
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8. | Summary and outlook |
In a context of rebounding global demand for petroleum products, OPEC+ quotas in the first half 2021 contributed to a rapid drawdown of crude oil inventories, which fell below the average of the past five years. The price of oil has remained above $60/b since the beginning of February 2021 and broke through $70/b at the end of June. Recent OPEC+ decisions reinforce its collective discipline to adapt supply step by step to the growth in demand.
Given the outlook for OPEC+ quotas in the second half 2021, TotalEnergies anticipates its full-year 2021 hydrocarbon production to be around 2.85 Mboe/d. The start-up and ramp-up of new projects, including Zinia Phase 2 in Angola, North Russkoye in Russia and Iara in Brazil, will contribute to increased production in the second half 2021.
TotalEnergies anticipates that the higher oil prices observed in the first half 2021 will have a positive impact on its average realized price of LNG for the coming six months, given the lag effect on price formulas. It is expected to be more than $7.5/Mbtu in the third quarter 2021. In addition, gas markets in Asia and Europe are benefiting from the strong growth in demand linked to the global economic recovery.
TotalEnergies maintains discipline on expenses, with net investments expected to be between $12-13 billion in 2021, with half dedicated to future growth. For those growth investments, 50% will be dedicated to renewables and electricity.
In an environment of hydrocarbon prices that would remain in the second half of the year at the level of the first half ($65/b for Brent, $8/Mbtu for gas in Europe) and European refining margins of $10-15/t, TotalEnergies expects cash flow generation (DACF) of more than $25 billion in 2021 and a return on capital employed of more than 10%.
In this favorable context, the Company confirms its priorities in terms of cash flow allocation: invest in profitable projects to implement TotalEnergies' transformation strategy to a broad energy company, support the dividend through economic cycles, maintain a solid balance sheet and a minimum "A" long-term debt rating by sustainably anchoring the Company's gearing below 20%, and share additional revenues with its shareholders through share buybacks in the event of high prices.
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To listen to the conference call with CEO Patrick Pouyanné and CFO Jean-Pierre Sbraire today at 15:00 (Paris time) please log on to totalenergies.com or call +44 (0) 203 009 5709 in Europe or +1 646 787 1226 in the United States (code: 3586957).
The conference replay will be available on totalenergies.com after the event.
* * * *
TotalEnergies contacts
Media Relations: +33 1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPress
Investor Relations: +44 (0)207 719 7962 l ir@totalenergies.com
13
9. | Operating information by segment |
9.1 | Company’s production (Exploration & Production + iGRP) |
9.2 | Downstream (Refining & Chemicals and Marketing & Services) |
* | 1Q21 data adjusted |
* | Olefins, polymers |
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9.3 | Renewables |
(1) Includes 20% of gross capacity of Adani Green Energy Ltd effective first quarter 2021.
(2) End-of-period data.
15
10. | Adjustment items to net income (TotalEnergies share) |
* | including $(1,379) million related to the effect of the sale of TotalEnergies’ participation in Petrocedeño to PDVSA in Venezuela |
11. | Reconciliation of adjusted EBITDA with consolidated financial statements |
11.1 | Reconciliation of net income (TotalEnergies share) to adjusted EBITDA |
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11.2 | Reconciliation of revenues from sales to adjusted EBITDA and net income (TotalEnergies share) |
17
12. | Investments - Divestments |
* | Change in debt from renewable projects (TotalEnergies share and partner share). |
13. | Cash-flow |
* | Operating cash flow before working capital changes, is defined as cash flow from operating activities before changes in working capital at replacement cost, excluding the mark-to-market effect of iGRP’s contracts and including capital gain from renewable projects sale (effective first quarter 2020). |
Historical data have been restated to cancel the impact of fair valuation of iGRP sector’s contracts.
** | Changes in working capital are presented excluding the mark-to-market effect of iGRP’s contracts. |
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14. | Gearing ratio |
* | Excludes leases receivables and leases debts |
15. | Return on average capital employed |
Twelve months ended June 30, 2021
Twelve months ended March 31, 2021
Twelve months ended June 30, 2020
* | At replacement cost (excluding after-tax inventory effect). |
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Disclaimer:
The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate and independent legal entities. The terms “TotalEnergies”, “TotalEnergies company” and “Company” used in this document are generic and used for convenience to designate TotalEnergies SE and the entities included in its scope of consolidation. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or their employees.
This document does not constitute the Financial Report for the first half of 2021, which will be separately published, in accordance with article L. 451-1-2-III of the French Code monétaire et financier, and available on the website totalenergies.com. This press release presents the results for the second quarter of 2021 and half-year 2021 from the consolidated financial statements of TotalEnergies SE as of June 30, 2021. The limited review procedures by the Statutory Auditors are underway. The notes to the consolidated financial statements (unaudited) are available on the website totalenergies.com.
This document may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, notably with respect to the financial condition, results of operations, business activities and industrial strategy of TotalEnergies. This document may also contain statements regarding the perspectives, objectives, areas of improvement and goals of TotalEnergies, including with respect to climate change and carbon neutrality (net zero emissions). An ambition expresses an outcome desired by TotalEnergies, it being specified that the means to be deployed do not depend solely on TotalEnergies. These forward-looking statements may generally be identified by the use of the future or conditional tense or forward-looking words such as “envisions”, “intends”, “anticipates”, “believes”, “considers”, “plans”, “expects”, “thinks”, “targets”, “aims” or similar terminology. Such forward-looking statements included in this document are based on economic data, estimates and assumptions prepared in a given economic, competitive and regulatory environment and considered to be reasonable by TotalEnergies as of the date of this document.
These forward-looking statements are not historical data and should not be interpreted as assurances that the perspectives, objectives or goals announced will be achieved. They may prove to be inaccurate in the future, and may evolve or be modified with a significant difference between the actual results and those initially estimated, due to the uncertainties notably related to the economic, financial, competitive and regulatory environment, or due to the occurrence of risk factors, such as, notably, the price fluctuations in crude oil and natural gas, the evolution of the demand and price of petroleum products, the changes in production results and reserves estimates, the ability to achieve cost reductions and operating efficiencies without unduly disrupting business operations, changes in laws and regulations including those related to the environment and climate, currency fluctuations, as well as economic and political developments, changes in market conditions, loss of market share and changes in consumer preferences, or pandemics such as the COVID-19 pandemic. Additionally, certain financial information is based on estimates particularly in the assessment of the recoverable value of assets and potential impairments of assets relating thereto.
Neither TotalEnergies nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. The information on risk factors that could have a significant adverse effect on TotalEnergies’ business, financial condition, including its operating income and cash flow, reputation, outlook or the value of financial instruments issued by TotalEnergies is provided in the most recent version of the Universal Registration Document which is filed by TotalEnergies SE with the French Autorité des Marchés Financiers and the annual report on Form 20-F filed with the United States Securities and Exchange Commission (“SEC”).
Financial information by business segment is reported in accordance with the internal reporting system and shows internal segment information that is used to manage and measure the performance of TotalEnergies. In addition to IFRS measures, certain alternative performance indicators are presented, such as performance indicators excluding the adjustment items described below (adjusted operating income, adjusted net operating income, adjusted net income), return on equity (ROE), return on average capital employed (ROACE), gearing ratio, operating cash flow before working capital changes, the shareholder rate of return. These indicators are meant to facilitate the analysis of the financial performance of TotalEnergies and the comparison of income between periods. They allow investors to track the measures used internally to manage and measure the performance of TotalEnergies.
These adjustment items include:
(i) Special items
Due to their unusual nature or particular significance, certain transactions qualified as "special items" are excluded from the business segment figures. In general, special items relate to transactions that are significant, infrequent or unusual. However, in certain instances, transactions such as restructuring costs or asset disposals, which are not considered to be representative of the normal course of business, may be qualified as special items although they may have occurred within prior years or are likely to occur again within the coming years.
(ii) Inventory valuation effect
The adjusted results of the Refining & Chemicals and Marketing & Services segments are presented according to the replacement cost method. This method is used to assess the segments’ performance and facilitate the comparability of the segments’ performance with those of its competitors.
In the replacement cost method, which approximates the LIFO (Last-In, First-Out) method, the variation of inventory values in the statement of income is, depending on the nature of the inventory, determined using either the month-end price differentials between one period and another or the average prices of the period rather than the historical value. The inventory valuation effect is the difference between the results according to the FIFO (First-In, First-Out) and the replacement cost.
(iii) Effect of changes in fair value
The effect of changes in fair value presented as an adjustment item reflects, for some transactions, differences between internal measures of performance used by TotalEnergies’ management and the accounting for these transactions under IFRS.
IFRS requires that trading inventories be recorded at their fair value using period-end spot prices. In order to best reflect the management of economic exposure through derivative transactions, internal indicators used to measure performance include valuations of trading inventories based on forward prices.
TotalEnergies, in its trading activities, enters into storage contracts, whose future effects are recorded at fair value in TotalEnergies’ internal economic performance. IFRS precludes recognition of this fair value effect.
Furthermore, TotalEnergies enters into derivative instruments to risk manage certain operational contracts or assets. Under IFRS, these derivatives are recorded at fair value while the underlying operational transactions are recorded as they occur. Internal indicators defer the fair value on derivatives to match with the transaction occurrence.
The adjusted results (adjusted operating income, adjusted net operating income, adjusted net income) are defined as replacement cost results, adjusted for special items, excluding the effect of changes in fair value.
Euro amounts presented for the fully adjusted-diluted earnings per share represent dollar amounts converted at the average euro-dollar (€-$) exchange rate for the applicable period and are not the result of financial statements prepared in euros.
Cautionary Note to U.S. Investors – The SEC permits oil and gas companies, in their filings with the SEC, to separately disclose proved, probable and possible reserves that a company has determined in accordance with SEC rules. We may use certain terms in this press release, such as “potential reserves” or “resources”, that the SEC’s guidelines strictly prohibit us from including in filings with the SEC. U.S. investors are urged to consider closely the disclosure in the Form 20-F of TotalEnergies, File N° 1-10888, available from us at 2, place Jean Millier – Arche Nord Coupole/Regnault - 92078 Paris-La Défense Cedex, France, or at our website totalenergies.com. You can also obtain this form from the SEC by calling 1-800-SEC-0330 or on the SEC’s website sec.gov.
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EXHIBIT 99.11
TotalEnergies announces the second 2021 interim dividend
stable at €0.66/share
Paris, July 29, 2021 - The Board of Directors met on July 28, 2021, and declared the distribution of the second 2021 interim dividend at €0.66/share, stable compared to the first 2021 interim dividend. This second 2021 interim dividend will be paid in cash exclusively, according to the following timetable:
Shareholders | ADS holders | |
Ex-dividend date | January 3, 2022 | December 30, 2021 |
Payment date | January 13, 2022 | January 25, 2022 |
____
About TotalEnergies
TotalEnergies is a broad energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
TotalEnergies Contacts
Media Relations: +33 1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPR
Investor Relations: +44 (0)207 719 7962 l ir@totalenergies.com
Cautionary Note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TotalEnergies SE directly or indirectly owns investments are separate legal entities. TotalEnergies SE has no liability for their acts or omissions. The terms “Company” or “TotalEnergies company” refer collectively to the company TotalEnergies SE and the companies it controls directly or indirectly. Such terms are used solely for the sake of convenience for purposes of the present communication. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.
EXHIBIT 99.12
Venezuela: TotalEnergies exits from Petrocedeño
Paris, July 29, 2021 – TotalEnergies, through its affiliate Total Venezuela, has decided to transfer its non-operated minority participation of 30.32% in Petrocedeño S.A. to Corporation Venezonala de Petróleos (CVP), an affiliate of Petróleos de Venezuela (PDVSA). Equinor having also decided to transfer in parallel its participation of 9.67% in the company, PDVSA will own 100% of Petrocedeño.
Petrocedeño S.A. is a company that produces extra-heavy crude oil from the Orinoco Belt in Venezuela, transports it and transforms it into light crude oil.
“TotalEnergies’ strategy, approved by its shareholders in May 2021, aims at focusing new oil investments on low carbon intensity projects, which does not correspond to extra-heavy oil development projects in the Orinoco Belt”, commented Arnaud Breuillac, President Exploration & Production at TotalEnergies.
This transaction carried out for a symbolic amount in exchange of a broad indemnity in relation to the past and future participation of TotalEnergies’ in Petrocedeño, results in the recognition of an exceptional capital loss of $1.38 billion in the financial statements of TotalEnergies.
About TotalEnergies in Venezuela
In addition to its stake in Petrocedeño, TotalEnergies holds an interest of 69.50% in the Yucal Placer gas field (operated by Ypergas S.A., 30%), and in Plataforma Deltana block 4 with a 49% non-operated participating interest. In 2020, less than 0.5% of the Company’s combined Oil & Gas production came from Venezuela.
____
About TotalEnergies
TotalEnergies is a broad energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
TotalEnergies Contacts
Media Relations: +33 1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPR
Investor Relations: +44 (0)207 719 7962 l ir@totalenergies.com
Cautionary Note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TotalEnergies SE directly or indirectly owns investments are separate legal entities. TotalEnergies SE has no liability for their acts or omissions. The terms “Company” or “TotalEnergies company” refer collectively to the company TotalEnergies SE and the companies it controls directly or indirectly. Such terms are used solely for the sake of convenience for purposes of the present communication. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.
EXHIBIT 99.13
TotalEnergies and Amazon announce strategic collaboration
· | TotalEnergies will supply renewable electricity for Amazon’s operations. |
· | Amazon will help TotalEnergies accelerate its digital transformation. |
Paris, July 29, 2021 – TotalEnergies today announced a strategic collaboration with Amazon through which TotalEnergies will contribute to Amazon’s commitment to power its operations with 100% renewable energy, while Amazon will help TotalEnergies accelerate its digital transformation. This strategic agreement spans both the TotalEnergies and Amazon businesses:
· Renewable Energy: TotalEnergies and Amazon have signed power purchase agreements (“PPAs”) for a commitment of 474 MW of renewable capacity in the US and Europe, and expect to expand their cooperation in the Middle East and Asia Pacific. By supplying renewable energy and potential battery energy solutions, TotalEnergies will contribute to Amazon’s commitment to power operations with 100 percent renewable energy by 2030 and reach net-zero carbon emissions by 2040.
· | Cloud Computing: With Amazon Web Services (AWS) as a key cloud provider, TotalEnergies will accelerate its move to the cloud, boosting its IT transformation, the digitization of its operations and its digital innovation. In particular, TotalEnergies’ Digital Factory will benefit from the breadth and depth of AWS services including infrastructure, speed, reliability and innovative services. TotalEnergies will also evaluate AWS High Performance Computing technology to accelerate critical workflows and further speed up innovation across its businesses around the world. |
“TotalEnergies is deeply committed to reducing the carbon emissions of its operations and supporting its customers to do the same around the world. By signing this agreement, we are proud to enter into this key collaboration with Amazon and to accompany them on their journey to carbon neutrality.” said Stéphane Michel, President Gas, Renewables & Power at TotalEnergies. “We are also counting on Amazon and AWS to help us advance our exponential shift in the speed, scale and advancement of digitalization.”
“Working with TotalEnergies on innovative cloud technologies to drive reductions in carbon emissions and present new renewable energy sources is a tremendous opportunity. This collaboration will not only accelerate TotalEnergies’ migration to the cloud but also contribute toward Amazon’s commitment to power our operations with 100 percent renewable energy,” said Kathrin Buvac, Vice President, AWS Strategic Industries.
TotalEnergies, renewables and electricity
As part of its ambition to get to net zero by 2050, TotalEnergies is building a portfolio of activities in renewables and electricity that should account for up to 40% of its sales by 2050. At the end of 2020, TotalEnergies’ gross power generation capacity worldwide was around 12 GW, including 7 GW of renewable energy. TotalEnergies will continue to expand this business to reach 35 GW of gross production capacity from renewable sources by 2025, and then 100 GW by 2030 with the objective of being among the world's top 5 in renewable energies.
____
About TotalEnergies
TotalEnergies is a broad energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
TotalEnergies Contacts
Media Relations: +33 1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPR
Investor Relations: +44 (0)207 719 7962 l ir@totalenergies.com
Cautionary Note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TotalEnergies SE directly or indirectly owns investments are separate legal entities. TotalEnergies SE has no liability for their acts or omissions. In this document, the terms “TotalEnergies”, “TotalEnergies “Company” and “Company” are sometimes used for convenience. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.
Exhibit 99.14
Suriname: TotalEnergies
announces
another successful well in offshore Block 58
Paris, July 29, 2021 – TotalEnergies and APA Corporation have encountered oil in the Sapakara South-1 well on Block 58 off the coast of Suriname. This announcement follows previous discoveries at Maka Central, Sapakara West, Kwaskwasi and Keskesi.
Located 4 kilometers south-east of the Sapakara West-1 discovery, Sapakara South-1 was drilled in a water depth of about 850 meters. Sapakara South encountered 30 meters net pay of oil, in a good quality Campano-Maastrichtian reservoir.
“We are pleased by this new successful well at Sapakara South-1, very similar to the one announced in Keskesi earlier this year. These repeated positive results confirm our strategy which targets large resource volumes at low development costs.” declared Kevin McLachlan, Senior Vice President Exploration at TotalEnergies. “As the operator of the prolific block 58, this encourages us to continue our effort, jointly with our partner, to add to the resource base while conducting the appraisal operations designed to prove a commercial oil development.”
The drilling operations will continue with the Maersk Valiant drillship. TotalEnergies is the operator, holding a 50% working interest and Apache holding a 50% working interest. Upon completion of the Sapakara South -1 well, the rig will move to drill the Bonboni – 1 well in Block 58.
____
About TotalEnergies
TotalEnergies is a broad energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
TotalEnergies Contacts
Media Relations : +33 1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPR
Investor Relations : +44 (0)207 719 7962 l ir@totalenergies.com
Cautionary Note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TotalEnergies SE directly or indirectly owns investments are separate legal entities. TotalEnergies SE has no liability for their acts or omissions. The terms “Company” or “TotalEnergies company” refer collectively to the company TotalEnergies SE and the companies it controls directly or indirectly. Such terms are used solely for the sake of convenience for purposes of the present communication. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.
Cautionary Note to U.S. Investors — The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to separately disclose proved, probable and possible reserves that a company has determined in accordance with the SEC rules. We may use certain terms in this press release, such as resources, that the SEC’s guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No. 1-10888 available from us at TotalEnergies SE — Tour Coupole — 2, place Jean Millier — Arche Nord Coupole/Regnault — 92078 Paris La Défense Cedex — France, or at our website: www.totaleenergies.com. You can also obtain this form from the SEC by calling 1-800-SEC-0330 or on the SEC’s website: www.sec.gov.
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