TotalEnergies marks centenary anniversary
By Yusuf Yunus
TotalEnergies is marking centenary anniversary of its creation, a statement by the management on Thursday said.
“Today, TotalEnergies’ 100,000 employees in 120 countries worldwide are pleased and proud to celebrate the 100th anniversary of the Company’s creation.
“TotalEnergies’ 100-year history tells the story of the world and energy, from the 1920s to the present day.
“A bold and visionary decision On March 28, 1924, Compagnie Française des Pétroles was founded in France, a country without any oil.
“This bold and visionary move marked the start of a century-long saga.
“To secure France’s energy supply, our company would travel to the four corners of the globe, adapting and growing throughout the century and its many technological and geopolitical upheavals.”
According to him, being pioneered for 100 years unlike its rivals of the day, the firm did not have access to local resources.
“This is why the company built its competitive advantage on international expansion and technical prowess.
These two factors have shaped our pioneer spirit and our journey to this day,” the management said.
According to it, over the years, the company has continuously pushed back the boundaries- both technical and geographical- while also adapting to changing needs and customer expectations.
“This is how we accompanied the remarkable progress and development that took place in modern society during the 20th century,” it said.
The management said that TotalEnergies had also acquired additional expertise and experience by teaming up with Petrofina and Elf-Aquitaine, and more recently with Maersk Oil, Saft or Direct Energie.
“Becoming a multi-energy company While oil was the energy of the 20th century, natural gas and decarbonized power are central to the energy system of tomorrow.
“Natural gas is necessary to the energy transition, as a support for the rise of intermittent renewables and as a substitute for coal, which emits twice as much CO2 in power generation.
“TotalEnergies is currently the world’s third-largest player in liquefied natural gas (LNG),” the management said.
According to it, also in electricity, the firm is one of the most dynamic solar and wind power developers in the world.
The management added that electricity remained the energy at the heart of decarbonisation, and the 21st century would clearly be electric.
“Driving the energy transition Since 2020, we have been resolutely implementing a transition strategy anchored around two pillars: hydrocarbons (including LNG) and electricity.
The company’s ambition is to successfully achieve our transition and support our customers with theirs.
“The challenge is to supply the world with the affordable energy required for its development while also reducing emissions.
“That is the “just, orderly and equitable” transition called for by COP28. Drawing on the pioneer spirit that guides us, we will continue to adjust and adapt as needed to be part of the story of energy for another 100 years!” it said.
