TOTALENERGIES
Powering Africa's Energy Future Through Integrated Energy Investment
Company Overview
TotalEnergies is one of the world's largest integrated energy companies, operating across oil, natural gas, LNG, electricity and renewable energy. The France-headquartered major has built one of the deepest and longest-standing footprints of any international energy company on the African continent, with operations spanning exploration, production, LNG development, refining, power generation and renewables.
Africa sits at the centre of TotalEnergies' growth strategy — not simply as a resource base, but as a long-term partner for infrastructure financing, LNG development, energy security and, increasingly, the continent's renewable power build-out.
Quick Facts
| Founded | 1924 (as Compagnie Française des Pétroles) |
| Headquarters | Courbevoie, France |
| CEO | Patrick Pouyanné, Chairman & CEO |
| Employees | ~100,000 globally |
| Countries of Operation | 120+ |
| Business Segments | Exploration & Production, LNG, Refining & Marketing, Trading & Shipping, Renewables & Electricity |
| Stock Exchange Listings | Euronext Paris, NYSE, LSE |
| African Footprint | Nigeria, Angola, Mozambique, Uganda, Tanzania, Namibia, South Africa, Egypt |
The Project Herald Intelligence Snapshot
| Headquarters: | Courbevoie, France |
| African Markets: | Nigeria, Angola, Mozambique, Uganda/Tanzania, Namibia |
| Strategic Sectors: | Deepwater Oil, LNG, Gas Infrastructure, Renewables |
| Major Investments: | Kaminho (Angola), Tilenga/EACOP (Uganda–Tanzania), Mozambique LNG, NLNG Train 7 (Nigeria) |
| Commercial Focus: | EPC, LNG infrastructure, local-content contracting, marine & logistics services |
How TotalEnergies Operates
TotalEnergies' business is organised as a fully integrated value chain — spanning exploration, LNG, refining, trading and, increasingly, electricity. The company describes its strategy around two central pillars: Oil & Gas, particularly LNG, and Electricity/Integrated Power, with the two designed to work together as the group transitions toward a broader energy mix.
01 — Oil & Gas
Exploration, production and development across deepwater and onshore assets.
02 — LNG
Liquefaction, trading and global gas supply, with major African exposure.
03 — Integrated Power
Renewables, electricity generation and flexible power supply.
Business Segments
Exploration & Production • LNG • Refining & Marketing • Trading & Shipping • Renewables • Electricity • Integrated Power
Africa Presence
Nigeria • Angola • Mozambique • Uganda • Namibia • South Africa • Egypt
Business Model
Exploration → Development → Production → Processing → Marketing → Power → Customers
The Project Portfolio
Major developments shaping TotalEnergies' African footprint
TotalEnergies' position in Africa is built around a portfolio spanning deepwater oil, LNG, gas infrastructure and integrated energy developments. Several projects are designed to add production capacity, expand LNG supply and create long-term infrastructure and procurement activity across their host markets.
01 — Kaminho | Angola
A New Deepwater Development in the Kwanza Basin
Kaminho is one of TotalEnergies' major new African oil developments, located roughly 100 km offshore Angola. The project will develop the Cameia and Golfinho fields through an FPSO, with TotalEnergies holding a 40% operated interest alongside Petronas and Sonangol. FID was taken in May 2024, with production targeted for 2028 at approximately 70,000 barrels per day. In September 2026, TotalEnergies and its partners said they plan to invest roughly $10 billion in Angola over the next five years.
Status: Development | Interest: 40% (Operator) | Production: ~70,000 b/d | First Production: 2028
02 — Tilenga & EACOP | Uganda–Tanzania
Linking Upstream Development to Export Infrastructure
TotalEnergies operates Tilenga with a 56.67% interest alongside CNOOC and UNOC. The wider Lake Albert development is planned to reach approximately 230,000 barrels per day at plateau, with around 1.4 billion barrels expected over at least 20 years. EACOP, in which TotalEnergies holds 62%, provides the export route — a 1,443-kilometre buried pipeline connecting Uganda's oil region to the port of Tanga, Tanzania.
Status: Development / Construction | Tilenga Interest: 56.67% | EACOP Interest: 62% | Plateau: ~230,000 b/d
03 — Mozambique LNG | Mozambique
A Flagship LNG Project Returns to Construction
TotalEnergies holds a 26.5% interest in Mozambique LNG, centred on offshore gas resources and an onshore facility at Afungi. After a prolonged Force Majeure, the consortium announced a full restart of onshore and offshore activities in January 2026, with more than 4,000 workers mobilised. First LNG is expected in 2029, with project progress at roughly 40%. TotalEnergies says contracts awarded to Mozambican companies are expected to exceed $4 billion.
Status: Restarted / Under Development | Interest: 26.5% | Progress: ~40% | First LNG: 2029
04 — NLNG Train 7 & Nigeria Gas Portfolio
Expanding Nigeria's LNG Capacity
TotalEnergies holds a 15% interest in Nigeria LNG and has operated in Nigeria since 1956. NLNG Train 7 is designed to add approximately 7.6 million tonnes per year of capacity, listed at around 80% progress with first LNG targeted for 2027. The company is also progressing the Ubeta gas project, while the Ima development is intended to supply additional gas to the NLNG system.
Status: Construction / Development | NLNG Interest: 15% | Train 7 Capacity: 7.6 Mtpa | First LNG: 2027
Commercial Intelligence
TotalEnergies' African pipeline creates commercial activity across engineering, procurement, construction, logistics, marine services, equipment supply, fabrication, maintenance, energy infrastructure, professional services and local-content contracting. Large developments such as Mozambique LNG, Tilenga/EACOP and Kaminho generate secondary demand through contractors, suppliers, transport providers, engineering firms, financial institutions and local-content programmes.
Project Herald Watch: Angola (Kaminho development, exploration) • Uganda–Tanzania (Tilenga infrastructure, EACOP execution) • Mozambique (LNG construction restart, local-content) • Nigeria (NLNG Train 7, Ubeta, Ima)
Strategy, Financials & Commercial Intelligence
Strategy
TotalEnergies frames its long-term direction around a balanced, integrated energy strategy that spans traditional hydrocarbons and lower-carbon power:
Oil • Gas • LNG • Renewables • Electricity • Carbon Reduction
Financial Highlights
| Revenue | ~$200bn (latest FY) |
| Net Income | Multi-billion-dollar range, among the highest of the energy majors |
| Capital Expenditure | Significant multi-year commitment across Africa, incl. ~$10bn planned in Angola alone |
| Production | Diversified across deepwater, onshore and gas assets |
| LNG Sales | Among the world's largest LNG portfolios, with growing African supply |
| Renewable Capacity | Targeting 100–120 TWh of annual electricity production by 2030 |
Commercial Intelligence
Angola's ~$10bn five-year commitment and Mozambique LNG's restart mark the two clearest capital signals currently on the board.
Spread across deepwater development (Kaminho), LNG infrastructure (Mozambique, Nigeria) and pipeline execution (EACOP).
Four major African developments in active construction or development simultaneously — a rare concentration of scale in one company's pipeline.
Mozambique's stated $4bn+ local-content target signals sustained contracting demand well beyond the project's direct workforce.
FPSO deployment, deepwater engineering and LNG liquefaction technology remain central to near-term execution.
The 100–120 TWh renewable target by 2030 points to an emerging African opportunity set in solar, wind and transmission infrastructure.
Leadership & Outlook
Leadership
Patrick Pouyanné has led TotalEnergies as Chairman and CEO through a period of significant strategic repositioning, steering the company's evolution from a traditional oil major toward a broader integrated energy model spanning gas, LNG, and electricity.
Under his leadership, TotalEnergies has pursued an assertive African growth strategy — continuing to invest in major long-cycle projects such as Kaminho and Mozambique LNG even through periods of market volatility and, in Mozambique's case, extended security-related delay — while positioning the group for a larger role in the continent's power and renewables build-out.
Why TotalEnergies Matters to Africa
Energy Security • Infrastructure Development • LNG • Power Generation • Renewable Investment • Local Content • Regional Economic Impact
The Project Herald Outlook
TotalEnergies enters the coming years with one of the most concentrated portfolios of major African energy projects held by any single international operator — a position that carries both scale advantage and execution risk.
Growth opportunities centre on Angola's expanding deepwater programme, Mozambique's LNG restart, and Nigeria's Train 7 capacity addition — each carrying substantial secondary contracting demand.
Risks include security and operational stability in Mozambique, execution timelines on EACOP amid continued scrutiny, and broader exposure to oil and gas price cycles as the group scales its renewables business in parallel.
Market outlook: over the next 3–5 years, first production and first LNG milestones across Kaminho, Tilenga/EACOP, Mozambique LNG and NLNG Train 7 will be the clearest markers of whether TotalEnergies' African growth thesis is on schedule.