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TotalEnergies SE

Country
France
Sector
Oil & Gas / Energy
Intelligence Type
Corporate
Status / Stage
Active
Confidence
Confirmed

TotalEnergies is the most active international energy major on the African continent — simultaneously operating EACOP (91% complete, first oil Q4 2026), Mozambique LNG Area 1 (restarted January 2026, 45% complete), and significant upstream and downstream operations in Nigeria, Angola, Senegal, Gabon, South Africa and across North Africa. With ~$200bn in annual revenues and operations in 130 countries, it is one of the world’s five largest integrated energy companies.

Company Profile

Company TypePublic
HeadquartersCourbevoie (Paris), France
Countries of Operation130+ countries; Africa: Nigeria, Angola, Mozambique, Uganda, Tanzania, Senegal, Gabon, South Africa, Egypt, Algeria, Libya, DRC, Kenya
Founded1924 (as Compagnie française des pétroles); rebranded TotalEnergies 2021
Websitetotalenergies.com
Key ExecutivesPatrick Pouyanné (Chairman & CEO)
Employees105,000+
Revenue~$200 billion (2024)
Market Capitalization~$130 billion (August 2026)

Key Developments

Two major African projects simultaneously in active construction: (1) Mozambique LNG Area 1 — restarted January 2026, 45% complete, 7,000–8,000 workers on site, first LNG 2029. (2) EACOP — 91% complete, first oil Q4 2026. Also: Tilenga upstream field development (Uganda, 400+ wells, first oil linked to EACOP); Block 1 Senegal (Sangomar deepwater oil field — first oil achieved 2024, now producing); Active LNG portfolio in Nigeria (NLNG shareholder) and Angola (Angola LNG).

Key Risks

Security situation in Cabo Delgado (Mozambique LNG) remains the single largest operational risk in its African portfolio. EACOP faces ongoing international legal and reputational pressure from environmental campaign groups. Long-term oil price trajectory creates returns uncertainty across a large, long-life African asset base.

What Happens Next

EACOP first oil shipment (Q4 2026) and Mozambique LNG Train 1 mechanical completion (2027-2028) are the two most watched TotalEnergies Africa milestones.

Commercial Opportunity Intelligence

Opportunity SignalThe most commercially significant international energy operator in Africa right now — both EACOP and Mozambique LNG are at critical delivery stages simultaneously.
Commercial ReadinessCommercially Active

Analyst Notes

Link via Relationships to: EACOP (Project + Capital), Mozambique LNG Area 1 (Project + Capital), NNPC Limited (already in database — Nigeria LNG partnership).

Source & Verification Trail

Last VerifiedAugust 2026
Source(s)TotalEnergies Q2 2026 earnings; TotalEnergies official website; Reuters
Source DateAugust 2026