By Joy Obakeye
TotalEnergies has unveiled the names of its Nigerian-registered Upstream Companies as it seeks to tap into the transformation in the global energy Industry.
The new companies; TotalEnergies EP Nigeria Limited and TotalEnergies Upstream Nigeria Limited, according to its Deputy Managing Director, Deepwater District, Victor Bandele, who spoke at a virtual media parley, reflect the company’s investment from oil through Natural Gas, Electricity, Hydrogen, Biomass, Wind, and Solar.
The multinational company, which recently switched name from Total to TotalEnergies, in its move to switch from oil to energy and become a major role in the production, transportation, trading and distribution of responsible energies to the end customer.
“TotalEnergies mission is to produce and supply energy. TotalEnergies wants to meet the challenge of the 21st century and play an active role in the transformation that is underway in the energy industry, by remaking itself and becoming a broad energy company.
“Total has become TotalEnergies, a company that is expanding in the production, transportation, trading and distribution of responsible energies to the end customer, in the belief that this integrated broad-energy strategy will constitute a value-creating competitive advantage for all of its stakeholders in the long term, and thereby ensure the company’s future health,” he explained.
He gave insight into the implication of the name change and the strategic line of the company’s investment from oil through Natural Gas, Electricity, Hydrogen, Biomass, Wind, and Solar.
“TotalEnergies has been involved in the oil and gas business in Nigeria for over 60 years. Active in the entire value chain of oil & gas business in Nigeria, the company remains very passionate about the environment, guided by a strategy which includes operating as a responsible business that is profitable and resilient.
Mr Bandele also stressed that TotalEnergies’ is still on course to achieve flare reduction through gas development programmes/commitments in Nigeria.
“All our projects since 1999 are designed with zero gas flare target. We intend to eliminate routine gas flare in all our operations by 2030.”
He pointed to the OFON 2 project which earned more than one million dollars for Nigeria through the sale of carbon credit from the gas flare/emission reduction achieved by OFON.
The company also shed more light on various aspects of its operation in Nigeria emphasising its faith in the country and willingness to work with the government and other stakeholders in the industry to improve the lives of Nigerians.
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