Overview

• Sergio Martín Mengoni has taken the helm at TotalEnergies Argentina as country chair and director general of Total Austral, with Catherine Remy moving to the company’s executive committee in France.
• TotalEnergies has secured binding bids for its La Escalonada and Rincón de la Ceniza unconventional oil blocks in Vaca Muerta and is preparing to finalize the divestment process.
• As Argentina’s top private gas producer, TotalEnergies delivers 36 million cubic meters per day—about a quarter of national supply—and plans to scale up regional exports.
• Mengoni draws on 27 years at TotalEnergies, including leadership in Bolivia since October 2023, prior stints in Venezuela, and strategic M&A roles in France.
• The leadership change reflects a broader strategy to reduce reliance on unconventional oil and accelerate TotalEnergies’ transition to lower-emission energy through gas and renewables.