Total SA is reorganizing to give new emphasis to natural gas, renewable energy, and electric power.
It is creating a business segment focused on those activities to “spearhead Total’s ambitions in the electricity value chain by expanding in gas midstream and downstream, renewable energies, and energy efficiency,” the company said.
The segment will combine current gas and new-energies divisions, excluding biotechnologies, and pair them with a new “innovation and energy efficiency” division. The biofuels business will group all bioenergy-related activities within the refining and chemicals business.
Total also will create a “global services segment,” globally pooling accounting, purchasing, information systems, training, human resources, and facilities management.
An existing finance organization will be refocused on “strategic corporate functions.” The current organization, handling finance, insurance, and information systems, will be joined by two new divisions, one for “people and social responsibility” and the other for “strategy and innovation.”