TotalEnergies Signs Kuwait MoU, Assumes Namibia License, Restarts Mozambique LNG
TotalEnergies signed a MoU with Kuwait Oil Company to jointly conduct technical studies on new exploration opportunities in Kuwait. It also took operatorship of Namibia’s Petroleum Exploration License 83 and fully restarted its Mozambique LNG project, now 40% complete with first LNG expected in 2029.
1. TotalEnergies and Tikehau Capital Form EV Charging Platform in Benelux
TotalEnergies has partnered with Tikehau Capital to create a jointly owned investment platform dedicated to expanding urban public electric-vehicle charging infrastructure across Belgium and the Netherlands. Under the agreement, TotalEnergies will leverage its operational expertise to develop, operate and maintain charging stations powered entirely by certified renewable energy, while Tikehau will provide the majority of project financing and risk-sharing. The platform immediately assumes responsibility for over 9,500 charging points in Belgium—where TotalEnergies is the market leader—and 18,000 in the Netherlands, positioning it to compete in upcoming municipal tenders and accelerate EV adoption in key urban centers. Investors can expect enhanced visibility on infrastructure cash flows, supported by long-term service contracts and growing public charging demand.
2. TotalEnergies Signs MoU with Kuwait Oil Company to Advance Exploration
TotalEnergies has signed a non-binding Memorandum of Understanding with Kuwait Oil Company to collaborate on geological and technical studies aimed at identifying new onshore and offshore hydrocarbon prospects. The partnership will see TotalEnergies contribute advanced subsurface imaging and reservoir modeling expertise, reinforcing the company’s strategy to diversify and replenish its upstream reserves. This agreement follows TotalEnergies’ recent assumption of operatorship for Petroleum Exploration License 83 in Namibia’s Orange Basin and the full restart of its Mozambique LNG project—now 40% complete and targeting first production in 2029. By deepening ties with Kuwait’s national oil company, TotalEnergies strengthens its access to low-decline assets and sets the stage for potential farm-in agreements that could unlock several hundred million barrels of resource potential.