Total Companies in Nigeria Highlight Transition to Totalenergies

…Reveals Energy Line-Up

…Company to Solarize over 577 Service Stations Spread Across the Country.

Following the recent name change of the Total Group to TotalEnergies, Total companies in Nigeria have highlighted the path to the new name that reflects the vision and ambition of the TotalEnergies Group, with a broad energy lineup that includes oil, gas, electricity, hydrogen, biomass, wind and solar

At a virtual parley with journalists on Wednesday, June 23, 2021, Executive General Manager, Total Country Services, Mrs. Bunmi Popoola-Mordi made a presentation showing the steps that would mark the adaptation of the new name, logo and visual identity which she said is at the heart of the company’s strategy to achieve carbon neutrality by 2050. It was also an opportunity to shed light on the Group’s ambition in relation to its operations.

“Beyond our ambition for 2050, we have set precise, demanding targets for 2030. We will produce more renewable electricity and LNG. We will also need new oil projects to offset the decline in output from fields currently in production while decarbonizing our hydrocarbon production chain by avoiding and reducing emissions and capturing residual emissions.”

On Downstream, the company said “we want to influence demand by offering customers decarbonized alternatives whenever possible. By 2030, the production and sale of petroleum products will account for around a third of TotalEnergies’ aggregate energy production and sales. This is slated to decline to below 20% by 2050, versus 55% in 2020. Simply put, we are leveraging the energies of today to build the energies of the future, and 2020-2030 will be the decade of our transformation into a truly broad energy company with a lineup featuring oil, gas, electricity, hydrogen, biomass, wind and solar.” The company reiterated that “TotalEnergies intends to become a major player in the energy transition, and we have built a solid foundation on which to achieve our ambition.”

In her presentation, Mrs. Popoola-Mordi gave insight into how the adaptation would unveil locally. She said “the Company is working together with local regulators to adapt the name change of the broad energy company we want to become. During this period, you will witness the following:

• Brand overhaul

• Change from our usual communication

• Total service stations will gradually change to take on the new logo, name and lifestyle

• Total offices and assets will gradually depict our ambition

• Investment will tend more towards renewables”

Popoola-Mordi noted that Nigeria was very vital to TotalEnergies operations and would receive some parts of the funds to accelerate the energy transition.

She said as part of the transition, TotalEnergies would soon begin the rebranding of all its filling stations across the country to reflect the new name, logo and direction.

She said: “Energy is life. We all need it and its a source of progress to contribute to the sustainable development of the planet facing climate challenge.

“We are moving forward together toward new energies. Energy is reinventing itself, and this energy journey is ours.

“Our ambition is to be a world-class player in the energy transition. That is why Total is transforming and becoming TotalEnergies.

“This new name and new visual identity embody the course TotalEnergies has resolutely charted for itself.

“TotalEnergies is a broad energy company committed to producing and providing energies that are ever more affordable, reliable and clean.’’

She allayed concerns that the name change and transformation to TotalEnergies would result to job losses saying on the contrary it will have a more positive impact as the company would constantly upskill its staff in tandem with the transformation.

In the same vein, the Country Communication Manager, Dr. Charles Ebereonwu assured that the company was in Nigeria for the long haul maintaining that Total Companies in Nigeria will continue to be an important part of the TotalEnergies Group. He noted that the company had embraced renewables with the project to solarise its over 577 service stations spread across the country.

Also, Dr. Ebereonwu stated further that Total Companies in Nigeria, was operating in about 130 countries and had been in operations in Nigeria for more than 60 years.

Ebereonwu noted that Nigeria was central to TotalEnergies transition due to its abundant gas resources and sunlight for solar projects.

He said 77 TotalEnergies filling stations had been solarised already, adding that the company would also key into the Federal Government’s Decade of Gas Development initiative to further drive the objective.

Recall that at the Ordinary and Extraordinary Shareholders’ Meeting in Paris, May 28, 2021, shareholders approved the resolution to change the company’s name from Total to TotalEnergies, thereby anchoring its strategic transformation into a broad energy company in its identity.

TotalEnergies says investments in Nigeria tend more toward renewables

TotalEnergies says its investments in Nigeria will tend more toward renewable sources of energy as the company moves to become one of the world’s top five in renewables by 2030.

Naija247news reports that Mrs Bunmi Popoola-Mordi, the Executive General Manager, Total Country Services, made the disclosure on Wednesday at a virtual news briefing.

Popoola-Mordi said Total had on May 28, 2021 transformed into TotalEnergies as an active player in the global energy transition and its commitment to combating climate change.

According to her, TotalEnergies is targeting to reduce its carbon emission by 40 per cent in 2030 with the goal of getting to zero carbon emission by 2050.

Popoola-Mordi said TotalEnergies would continue to invest on oil, natural gas, electricity, hydrogen, biomass, wind and solar.

She said the company would be investing about 60 billion dollars in renewable projects to be financed over 10 years.