TotalEnergies Enhances U.S. Production with Ballymore Offshore Field Launch

 

TotalEnergies (EU:TTE) has officially begun production at the Ballymore offshore field, located 120 kilometers off the coast of Louisiana. The company holds a 40% stake in the project, in partnership with Chevron. This development is expected to significantly boost TotalEnergies’ deepwater production capacity in the U.S. and play a key role in achieving the company’s target of more than 3% growth in hydrocarbon production by 2025. Utilizing existing infrastructure to minimize costs and reduce emissions, the Ballymore field exemplifies TotalEnergies’ commitment to its integrated energy strategy, combining low-cost, low-emission oil and gas operations with LNG and integrated power projects in the U.S.

About TotalEnergies

TotalEnergies is a global leader in the energy sector, engaged in the production and marketing of a diverse range of energy solutions, including oil, natural gas, biofuels, biogas, low-carbon hydrogen, renewables, and electricity. With a workforce of over 100,000 employees, the company operates in approximately 120 countries. TotalEnergies has been a major presence in the U.S. since 1957, where it has made significant investments in oil, LNG, and low-carbon electricity. The company is now a leading exporter of U.S. LNG and continues to be a key player in the renewable energy sector.

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