TotalEnergies doubles down on Africa in hunt for oil and gas discoveries

AI Summary

TotalEnergies is expanding its oil and gas exploration in Africa by reinvesting profits earned in the region. The company balances conventional upstream projects with renewable energy investments despite challenges in Western capital.

TotalEnergies is self-funding its African oil and gas expansion by reinvesting regional profits, balancing traditional upstream projects with long-term renewable investments despite tightening Western capital.