Latest news with #M&P
Yahoo
21-05-2025
- Business
- Yahoo
Maurel & Prom: Start of Construction of Quilemba Solar Photovoltaic Power Plant in Angola
PARIS, May 21, 2025--(BUSINESS WIRE)--Regulatory News: Maurel & Prom (Paris:MAU): The Angolan company Quilemba Solar Lda, a joint venture between TotalEnergies (51%), Sonangol (30%) and Maurel & Prom (19%), has begun construction work on the Quilemba photovoltaic power plant, located near Lubango in southern Angola. The Quilemba photovoltaic power plant, with an initial capacity of 35 MWp and the possibility of adding 45 MWp in a second phase, is scheduled to come on stream during the first half of 2026. The project will be the largest privately-owned photovoltaic power plant in Angola and will contribute to the decarbonization of the country's energy mix by supplying renewable electricity to nearly 40,000 homes. The groundbreaking ceremony took place on May 16, 2025 in Lubango, in the presence of the Vice-Governor of Huíla Province, the Secretary of State for Oil and Gas, the Secretary of State for Energy, the Chairman of the Board of Directors of the National Oil and Gas Agency, the French Ambassador to Angola, local traditional authorities and all partners. Olivier de Langavant, Chief Executive Officer of M&P, said:"We are very pleased to contribute to the realization of the Quilemba solar power plant, a project that is perfectly in line with our ambitions in terms of sustainable development. For M&P's first industrial solar project, we chose Angola - a strong signal of our commitment to supporting the Angolan state as a trusted partner over the long term." For more information, please visit This document may contain forecasts regarding the financial position, results, business and industrial strategy of Maurel & Prom. By their very nature, forecasts involve risk and uncertainty insofar as they are based on events or circumstances which may or may not occur in the future. These forecasts are based on assumptions we believe to be reasonable, but which may prove to be incorrect and which depend on a number of risk factors, such as fluctuations in crude oil prices, changes in exchange rates, uncertainties related to the valuation of our oil reserves, actual rates of oil production and the related costs, operational problems, political stability, legislative or regulatory reforms, or even wars, terrorism and sabotage. Maurel & Prom is listed on Euronext ParisSBF 120 – CAC Mid 60 – CAC Mid & Small – CAC All-Tradable – PEA-PME and SRD eligibleIsin FR0000051070 / Bloomberg / Reuters View source version on Contacts Maurel & PromShareholder relationsTel.: +33 (0)1 53 83 16 45ir@ NewCapInvestor/media relationsTel.: +33 (0)1 44 71 98 53maureletprom@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
21-05-2025
- Business
- Business Wire
Maurel & Prom: Start of Construction of Quilemba Solar Photovoltaic Power Plant in Angola
Maurel & Prom (Paris:MAU): The Angolan company Quilemba Solar Lda, a joint venture between TotalEnergies (51%), Sonangol (30%) and Maurel & Prom (19%), has begun construction work on the Quilemba photovoltaic power plant, located near Lubango in southern Angola. The Quilemba photovoltaic power plant, with an initial capacity of 35 MWp and the possibility of adding 45 MWp in a second phase, is scheduled to come on stream during the first half of 2026. The project will be the largest privately-owned photovoltaic power plant in Angola and will contribute to the decarbonization of the country's energy mix by supplying renewable electricity to nearly 40,000 homes. The groundbreaking ceremony took place on May 16, 2025 in Lubango, in the presence of the Vice-Governor of Huíla Province, the Secretary of State for Oil and Gas, the Secretary of State for Energy, the Chairman of the Board of Directors of the National Oil and Gas Agency, the French Ambassador to Angola, local traditional authorities and all partners. Olivier de Langavant, Chief Executive Officer of M&P, said: "We are very pleased to contribute to the realization of the Quilemba solar power plant, a project that is perfectly in line with our ambitions in terms of sustainable development. For M&P's first industrial solar project, we chose Angola - a strong signal of our commitment to supporting the Angolan state as a trusted partner over the long term." For more information, please visit This document may contain forecasts regarding the financial position, results, business and industrial strategy of Maurel & Prom. By their very nature, forecasts involve risk and uncertainty insofar as they are based on events or circumstances which may or may not occur in the future. These forecasts are based on assumptions we believe to be reasonable, but which may prove to be incorrect and which depend on a number of risk factors, such as fluctuations in crude oil prices, changes in exchange rates, uncertainties related to the valuation of our oil reserves, actual rates of oil production and the related costs, operational problems, political stability, legislative or regulatory reforms, or even wars, terrorism and sabotage. Maurel & Prom is listed on Euronext Paris SBF 120 – CAC Mid 60 – CAC Mid & Small – CAC All-Tradable – PEA-PME and SRD eligible Isin FR0000051070 / Bloomberg / Reuters
Yahoo
15-05-2025
- Yahoo
CCSO: Man with 400+ grams of meth arrested
CARTER COUNTY, Tenn. (WJHL) — A Hampton man arrested on May 9 faces various drug charges after police reportedly found more than 400 grams of methamphetamine in his possession. According to a news release from the Carter County Sheriff's Office (CCSO), Scottie Allen Birchfield was arrested after a joint investigation involving the following agencies: Elizabethton Police Department Johnson City Police Department Tennessee Bureau of Investigation Department of Homeland Security Investigations North Carolina State Bureau of Investigation Birchfield, 51, was wanted out of Carter County on a warrant for failure to appear in court and an attachment for child support, the CCSO reported. He was also wanted in connection with an investigation involving drugs and firearms. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now 'Birchfield was recently featured in the TBI's 'Fugitive Friday' list after multiple attempts to take him into custody that resulted in pursuits where he was able to evade capture,' the CCSO said in the release. An investigation by the CCSO and JCPD determined that Birchfield was staying at a motel in Johnson City, where he was later arrested. A search of the motel room found the following items, according to the CCSO: Loaded 9mm Smith & Wesson M&P handgun $14,000+ in cash Digital scales Plastic baggies Approximately 424 grams of suspected methamphetamine As of Thursday, Birchfield remains in the Carter County Detention Center on outstanding warrants. The sheriff's office said additional charges are pending. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
31-03-2025
- Business
- Yahoo
Venezuela says US revoked transnational oil, gas company licenses
The United States has revoked several transnational oil and gas companies' licenses to operate in Venezuela, Caracas said on Sunday, which had been granted despite Washington's sanctions against the South American country. US President Donald Trump is seeking to strangle Venezuela economically in order to cripple its leader Nicolas Maduro, and announced a week ago 25 percent tariffs on imports from countries buying Venezuelan oil and gas. Venezuela did not specify which companies were affected but French oil firm Maurel & Prom (M&P) said on Monday that the special license it had been granted last May had been revoked. M&P said the US Treasury's Office of Foreign Assets Control (OFAC) had given it until May 27 to wind down its activities in Venezuela. "It is M&P's understanding that this action is part of a broader initiative by OFAC affecting both US and international oil companies operating in Venezuela under similar authorisations, pending a possible agreement between the US and Venezuela as the situation continues to evolve," it said in a statement. US energy giant Chevron had its license revoked in February. The Wall Street Journal reported on Saturday that Washington had ordered Global Oil Terminals, owned by tycoon Harry Sargeant III, to cease operating in Venezuela. Spanish oil giant Repsol, Italian gas producer Eni and India's Reliance Industries are also expected to be hit by the US license revocations. Chevron produces some 220,000 barrels per day (bpd), Repsol around 65,000 and M&P around 20,000, according to experts. "I want to inform you that we have maintained fluid communication with the transnational oil and gas companies operating in the country, and that they have been notified in recent hours by the US government about the revocation of their licenses," Venezuelan Vice President Delcy Rodriguez said in a statement on Telegram on Sunday. "We were prepared for this situation and we are ready to continue honoring contracts with these companies," she said. Companies that violate the US oil embargo and other directives could be sanctioned by the United States. Chevron's revoked license had been granted by former US president Joe Biden and allowed the company to operate despite sanctions. Other companies had received similar licenses. Trump, who had initially given Chevron until April 3 to shut down its operations, extended it until May 27. The United States and many other countries do not recognize last year's claim of victory by Maduro in elections he is accused of having stolen. Venezuela's oil production, which exceeded three million bpd 25 years ago, is about one million bpd today, having fallen to less than 300,000 at its worst. pgf/bfm/mtp/cms/pbt
Reuters
31-03-2025
- Business
- Reuters
US revokes French oil group M&P's specific licence for activities in Venezuela
March 31 (Reuters) - The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has revoked Maurel et Prom's ( opens new tab specific licence for its activities in Venezuela, the French oil group said on Monday. Last week, U.S. President Donald Trump issued an executive order declaring that any country buying oil or gas from Venezuela will pay a 25% tariff on trades with the United States. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. In recent years, former President Joe Biden's administration had granted authorisations to individual companies to secure Venezuelan oil for refineries from Spain to India as exceptions to the U.S. sanction regime on the South American country. In May 2024, M&P was granted a specific license from the office for its 40% consolidated interest in the mixed company Petroregional del Lago, which operates the Urdaneta Oeste field in Lake Maracaibo in Venezuela. The notification of the revocation received by M&P, which is majority-owned by the Government of Indonesia, was dated March 28 and included a wind-down period until May 27, the company said. "M&P is currently assessing the implications of this decision in close consultation with its legal advisors," it said in a press release.
