TotalEnergies chief commits to oil and gas, tempers Namibia hype

Issue 460 - 08 May 2022 - By Marc Howard

TotalEnergies chief executive Patrick Pouyanné reaffirmed the French major’s commitment to oil and gas, saying they “will continue to be a significant source of cash”, during his Q1 2022 earnings call. Pouyanné also used the occasion to temper some of the recent Namibia upstream hype, stressed there would be no return to Mozambique LNG this year and outlined a divestment plan for some of Total’s Nigerian oil licences, while holding on to gas assets

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