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France's TotalEnergies puts hydrogen partnership with Adani on hold

France's TotalEnergies, one of the largest foreign investors in billionare Gautam Adani's business empire, said it has put on hold participation in Indian conglomerate's USD 50 billion hydrogen project pending results of an audit launched following allegations by a US short-seller. While the partnership with Adani group was announced in June last year, TotalEnergies has not yet signed a contract, the French group's chief executive Patrick Pouyanne said at earnings call. As per the June 2022 announcement, TotalEnergies was to take 25 per cent equity in Adani New Industries Ltd (ANIL) - the Adani Group firm that is investing USD 50 billion over 10 years in green hydrogen ecosystem that includes an initial production capacity of 1 million tonnes before 2030. "Obviously, the hydrogen project will be put on hold until we have clarity," Pouyanne said. TotalEnergies, which has an exposure of USD 3.1 billion in Adani group, will wait for the result of an audit launched by the conglomerate

France's TotalEnergies puts hydrogen partnership with Adani on hold
Updated On : 08 Feb 2023 | 11:05 PM IST

Adani exposure 2.4%, followed Indian laws, says France's Total Energies

The company also said that said it has not performed any re-evaluation of its holdings because of volatility in stock prices in Adani stocks

Adani exposure 2.4%, followed Indian laws, says France's Total Energies
Updated On : 04 Feb 2023 | 12:19 AM IST

Macron vows to follow up energy giant Total's oil exploration in Lebanon

French President Emmanuel Macron has promised to follow-up French energy giant Total's oil and gas exploration in Lebanon to ensure its continuous work, a statement by Lebanon's Presidency reported.

Macron vows to follow up energy giant Total's oil exploration in Lebanon
Updated On : 16 Oct 2022 | 9:57 AM IST

Reliance AGM may see more focus on green energy, consumer business

Experts expect the firm to make further announcements in green energy

Reliance AGM may see more focus on green energy, consumer business
Updated On : 20 Jun 2022 | 6:15 AM IST

Adani, TotalEnergies join hands to invest $50 billion in green hydrogen

Gautam Adani, chairman, Adani Group said, he is confident the company will produce the world's least expensive green hydrogen

Adani, TotalEnergies join hands to invest $50 billion in green hydrogen
Updated On : 15 Jun 2022 | 12:34 AM IST

Iraq's $27 bn deal with France's Total stuck over contract wrangling

Total agreed last year to invest in four oil, gas and renewables projects in the southern Basra region over 25 years

Iraq's $27 bn deal with France's Total stuck over contract wrangling
Updated On : 14 Feb 2022 | 1:38 PM IST

French giant Total rebranded to reflect shift to broad Energy business

TotalEnergies, as it is now called, said it produces and sells energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity

French giant Total rebranded to reflect shift to broad Energy business
Updated On : 28 May 2021 | 7:28 PM IST

TOTAL France to acquire 20% stake in Adani Green Energy for $2.5 bn

As part of the current deal, TOTAL will pick up a 50 per cent stake in a 2.35 GW portfolio of operating solar assets owned by AGEL and a 20 per cent stake in AGEL for a global investment of $2.5 bn

TOTAL France to acquire 20% stake in Adani Green Energy for $2.5 bn
Updated On : 19 Jan 2021 | 12:08 AM IST

Top headlines: Hike shuts down, China only major economy to grow in 2020

Moody's Analytics believes India will drive Asia Pacific's vaccine delivery, L&T arm wins contract worth up to Rs 5,000 cr from Rail Vikas Nigam

Top headlines: Hike shuts down, China only major economy to grow in 2020
Updated On : 18 Jan 2021 | 5:34 PM IST

French energy group Total buys 20% stake in India's Adani Green Energy

Total said on Monday that its purchase of the stake in AGEL would give Total a seat on the board of directors of AGEL

French energy group Total buys 20% stake in India's Adani Green Energy
Updated On : 18 Jan 2021 | 11:07 AM IST

Adani Green transfers newly acquired Essel solar assets to TOTAL JV

The JV company has completed this transfer of the assets at an enterprise valuation of Rs 1,632 crore

Adani Green transfers newly acquired Essel solar assets to TOTAL JV
Updated On : 15 Oct 2020 | 10:55 PM IST

Total unit signs deal with Singapore LNG Corp for solar energy system

SLNG is also exploring ways to speed up the use of LNG and other green energy alternatives

Total unit signs deal with Singapore LNG Corp for solar energy system
Updated On : 16 Sep 2020 | 8:50 AM IST

Total in pact with Mozambique to protect $20-bn natural gas project

Mozambican security forces have been battling a low-level insurgency against militias suspected of having links to Islamic State in the gas-rich north of the country

Total in pact with Mozambique to protect $20-bn natural gas project
Updated On : 25 Aug 2020 | 3:02 AM IST

French energy giant Total acquires 37.4% in Adani Gas for Rs 5,152 crore

Total had said late last year that CGD was a natural extension of the plans of both partners to invest in infrastructure and assets worth over $1 billion

French energy giant Total acquires 37.4% in Adani Gas for Rs 5,152 crore
Updated On : 29 Feb 2020 | 12:45 AM IST

Oil major Total to invest $510 mn for 50% stake in JV with Adani Green

Next 2-3 months to test if domestic steel price hikes are sustainable

Oil major Total to invest $510 mn for 50% stake in JV with Adani Green
Updated On : 06 Feb 2020 | 10:19 PM IST

Total & EDF Renewables to develop 700 MW solar projects in India

With a planned production of nearly 1,200 Gwh per year, these solar PV projects will generate the energy required to meet the annual electricity needs of 1.1 mn Indian homes

Total & EDF Renewables to develop 700 MW solar projects in India
Updated On : 09 Jul 2019 | 6:54 PM IST