TotalEnergies and Technip Energies signed a technical cooperation agreement on July 21 to jointly develop low-carbon solutions for LNG production and offshore facilities to accelerate the energy transition.
As part of this agreement, both parties will explore new concepts and technologies, in order to reduce carbon footprint of existing facilities and greenfield projects in key areas, such as LNG production, cryogeny, production and use of hydrogen for power generation, or processes for carbon capture, utilization and storage (CCUS).
The qualification of new architectures and equipment that will be developed in these areas is also part of the agreement.
This partnership is based on a common belief that cooperation across the industry is needed to achieve energy transition goals. By partnering, Technip Energies and TotalEnergies rely on complementary expertise to decarbonize LNG plants and offshore facilities, supported by their leadership positions in these areas.
“For TotalEnergies as a global LNG player, this collaboration brings opportunities to further innovate and strengthen our expertise in reducing GHG emissions, improving energy efficiency for our LNG and offshore assets and developing innovative technologies such as hydrogen. It is in line with our company’s ambition to be Carbon Neutral by 2050. We are looking forward to cooperating with Technip Energies to find solutions helping to advance towards a low carbon future,” Arnaud Breuillac, president of E&P at TotalEnergies, said.
The JV consolidates three legacy upstream assets held by BP, Southland and Crowheart Energy into one contiguous footprint consisting of over 1.2 million net acres, which Denver-based Crowheart will operate, says Williams.
Crude oil and gas will be moved through Mountaineer and Canyon Chief pipelines.
Williams said it reached an export agreement with Beacon Offshore and its co-owner for the Shenandoah deepwater oil field through its Discovery infrastructure in the central Gulf of Mexico.