As TotalEnergies clocked 100 years, the company has promised to continue to adjust and adapt to be part of the story of energy for another 100 years.
On March 28, 1924, Compagnie Française des Pétroles was founded in France, a country without any oil, the firm said in a release.
“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,” it stated.
Unlike its rivals of the day, TotalEnergies noted that it did not have access to local resources, saying that was why it built its competitive advantage on international expansion and technical prowess.
“Over the years, we have 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 remarked that while oil was the energy of the 20th century, natural gas and decarbonised power are central to the energy system of tomorrow.
According to the energy firm, 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. And in electricity, we are one of the most dynamic solar and wind power developers in the world. Electricity is the energy at the heart of decarbonisation and the 21st century will clearly be electric,” it was stated.
On driving the energy transition, the firm said it had the ambition to successfully achieve its transition and support customers with theirs.
“Our challenge is to supply the world with the affordable energy required for its development while 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 concluded.
SOURCE: PUNCHNG
