TotalEnergies and Venezuela signed an MoU facilitating operations after new hydrocarbons law approval. Upstream oil activities in Latin America may stabilize, influencing regional supply dynamics and investment sentiment. TotalEnergies gains access to reserves but faces geopolitical risks; profitability hinges on regulatory execution.
42 articles
TotalEnergies and Venezuela signed a memorandum of understanding facilitating the French oil giant's return to operations in the South American country. The agreement establishes legal conditions for
French President Macron strengthened ties with Gulf states through deals spanning defense, technology, and energy, including TotalEnergies' pledge to double regional pipeline capacity.
TotalEnergies and partners warn that Madagascar's government requisition of its sole oil storage facility may disrupt fuel supplies by preventing tanker unloading. The decree ends a 25-year private im
TotalEnergies appealed a Paris court ruling requiring inclusion of downstream customer emissions in its climate plan, arguing the law excludes consumer fuel choices. The case is scheduled for review i
TotalEnergies plans to appeal a Paris court ruling requiring alignment with climate goals under France's duty of vigilance law. The company argues controlling customer product emissions exceeds legal
TotalEnergies reported a 67% surge in second-quarter earnings to $6 billion, driven by soaring oil prices and strong refining margins amid Middle East supply disruptions. Additionally, the company ann
TotalEnergies' Q2 adjusted net income surged 68% to $6.03 billion, driven by elevated crude and refined product prices due to geopolitical conflicts. The energy giant plans to utilize excess profits t
TotalEnergies forecasts higher second-quarter profits driven by surging oil and gas prices amid geopolitical tensions disrupting global supplies. Brent crude averaged $97 per barrel, a 45% year-over-y
TotalEnergies advances a dual-drive strategy balancing oil and gas with renewable power, targeting 100 TWh net generation by 2030. The company is reallocating capital from distributed assets to high-r
TotalEnergies sold 170MW of distributed solar assets in Europe to focus on larger projects and gas-fired power generation, reflecting a strategic shift among European oil majors amidst disappointing r
TotalEnergies is offering millions of barrels of Iraqi crude to Asian refiners amid swelling global supply. This move aims to accelerate exports from Iraq following improved shipping through the Strai
TotalEnergies declared force majeure on select metallocene polyethylene grades from its Feluy, Belgium facility due to production breakdowns. The disruption affects supply of linear low-density polyet
Climate activists sued TotalEnergies in France seeking environmental documents regarding its Nigerian SPDC oil stake sale. NGOs question the buyer's capacity to manage pollution risks amid ongoing spi
TotalEnergies CEO asserts global oil demand will stay above 100 million barrels per day until 2040, prompting plans to expand production in key regions while maintaining $5 billion annual investments
A Paris court ruled TotalEnergies must report climate risks from its oil and gas emissions under France's duty of vigilance law. However, the court declined to impose specific limits on the company's
A Paris court ordered TotalEnergies to include Scope 3 emissions from clients in its climate plan within six months. The ruling links oil production to combustion impacts, potentially affecting the co
TotalEnergies plans to start a new multi-well drilling campaign in Suriname next year to explore Block 58, supporting the $10.5 billion Gran Morgu project due in 2028. State partner Staatsolie express
TotalEnergies plans to seek compensation for grid connection delays on its German offshore wind project NordSee Energies 2, while maintaining commitment to other concessions in the country.
TotalEnergies plans to advance Azerbaijan's Absheron gas field phase two by end-2026, involving three subsea wells producing 40,000 barrels of oil equivalent daily, with gas exported to Turkey and con
Putin authorized TotalEnergies to sell its 10% stake in the sanctioned Arctic LNG 2 project to Nordline, with terms undisclosed. Total retains indirect exposure via Novatek ownership despite US sancti
TotalEnergies CEO Patrick Pouyanné disclosed that oil trading operations yield roughly $2 billion yearly, representing 10% of earnings. Strong performance was driven by high hydrocarbon prices and str
Climate activists protested TotalEnergies ahead of its AGM over the French government's undisclosed $2.8 billion stake. Activists demand divestment from fossil fuels, while the state-owned CDC claims
TotalEnergies CEO revealed the company profited over $1 billion by purchasing 35 million barrels of Middle East crude ahead of the Iran conflict based on US Navy movements, driving Dubai benchmark pri
TotalEnergies has filed for authorization of a 1.5 gigawatt offshore wind project in Normandy, representing a €4.5 billion investment that will create up to 2,500 jobs during construction.
TotalEnergies will extend fuel price caps at its French service stations through June, maintaining gasoline at €1.99 per litre amid the ongoing Middle East crisis. The company warned it may end the po
Germany's offshore wind lobby urges legal reform to save €50 billion in projects delayed by grid issues, as oil majors BP and TotalEnergies face potential losses in German wind investments.
TotalEnergies extends fuel price caps across France through May amid Middle East crisis, keeping gasoline at €1.99/litre and diesel at €2.25/litre at 3,300 stations.
TotalEnergies reported a 29% increase in Q1 adjusted net income to $5.4 billion, exceeding analyst expectations. The results were driven by high oil prices linked to regional conflicts, despite 15% of
TotalEnergies boosted its quarterly dividend and announced a $1.5 billion stock repurchase plan after first-quarter net income jumped 29% to $5.39 billion. The gains were driven by soaring oil and gas
SSE and TotalEnergies delayed a fixed-price electricity contract for their Seagreen wind farm to capitalize on higher market rates, exploiting regulatory loopholes amidst soaring natural gas and power
ChemBrief