Change of Name: Shareholders approve TotalEnergies Marketing Nigeria Plc.
The Shareholders of Total Nigeria Limited on Thursday unanimously voted in support of a formal change of name of the company to TotalEnergies Marketing Nigeria Plc.
The reports that the formal name and logo change took place via voting during the Extra Ordinary General Meeting of the company held on Thursday (yesterday) in Lagos. The event which complied with the federal government’s COVID-19 guidelines held both physically and virtually.
Speaking on the name and logo change, the Managing Director of TotalEnergies Plc., Mr Imrane Barry said the company is committed to be at the forefront of the energy landscape in Nigeria. He said the new name and logo documents the company’s historic journey from inception to the point it is now.
Meanwhile, the company also unveiled the new names of its Nigerian-registered Upstream Companies.
In a presentation delivered by the Deputy Managing Director, Deepwater District, Mr. Victor Bandele, the Company explained that Total E&P Nigeria Limited would now be known as TotalEnergies EP Nigeria Limited and Total Upstream Nigeria Limited has become TotalEnergies Upstream Nigeria Limited. Mr. Bandele explained that with the development, all the company’s communication and signages would now reflect the new logo and names as applicable.
“TotalEnergies mission is to produce and supply energy. TotalEnergies wants to meet the challenge of the 21st century and play an active role in the transformation that is underway in the energy industry, by remaking itself and becoming a broad energy company.
Total has become TotalEnergies, a company that is expanding in the production, transportation, trading and distribution of responsible energies to the end customer, in the belief that this integrated broad-energy strategy will constitute a value-creating competitive advantage for all of its stakeholders in the long term, and thereby ensure the company’s future health,” he stated. He gave insight into the implication of the name change and the strategic line of the company’s investment from oil through natural gas, electricity, hydrogen, biomass, wind, and solar.
TotalEnergies has been involved in the oil and gas business in Nigeria for over 60 years. Active in the entire value chain of oil and gas business in Nigeria, the company remains very passionate about the environment, guided by a strategy which includes operating as a responsible business that is profitable and resilient. The DMD also shed light on TotalEnergies’ flare reduction and gas development programmes/commitments in Nigeria noting that “all our projects since 1999 are designed with zero gas flare target.
“We intend to eliminate routine gas flare in all our operations by 2030. He pointed to the OFON 2 project which earned more than one million dollars for Nigeria through the sale of carbon credit from the gas flare/emission reduction it achieved.
The meeting which was moderated by the acting chairman of board of directors of the company, Engr Rufai Sirajo had in attendance the Managing Director, Mr. Imrane Barry; Company Secretary, Mrs. Olubunmi Popoola-Mordi; a non executive director, Ms. Tejiro Ibru; representatives of regulatory agencies including Security and Exchange Commission (SEC) and Nigerian Stock Exchange (NSE) where also present.
