offshore

TotalEnergies acquires Moeve’s 25% stake in Suriname’s Block 53, partnering with APA and Petronas. Strategically located near Block 58 and the Baja-1 discovery, the move aims to unlock new resources for the GranMorgu project, leveraging infrastructure for further development and solidifying TotalEnergies’ position in the region’s deepwater oil and gas sector. Javier Rielo emphasizes expanded production potential.

TotalEnergies acquired a 25% stake in 40 offshore exploration leases from Chevron in the U.S., spanning ~1,000 sq km across Walker Ridge, Mississippi Canyon, and East Breaks areas. This expands TotalEnergies’ U.S. offshore presence, building on collaborations with Chevron in projects like Ballymore and Anchor. The move reinforces TotalEnergies’ commitment to low-emission projects and its integrated energy strategy, including significant investments in LNG and renewables in the U.S. since 2022.