TotalEnergies acquired a 10% interest in Abu Dhabi’s Bab Gas Cap Concession. The company partnered with ADNOC and other international firms to develop the onshore field. The project targets a production rate of 1.5 billion cubic feet of gas per day. This move aligns with the strategy to add low-cost, low-emissions resources to its portfolio.
Meanwhile, a Paris court will rule on a climate lawsuit against the energy giant. NGOs and the city of Paris allege the company violated French environmental risk laws. A ruling could mandate a 37% reduction in oil production by 2030. The court may also force a 25% cut in gas production and halt new fossil fuel projects.