151 articles
TotalEnergies plans to cut diesel prices to €2.15 per litre at 700 French stations, a 9% reduction ahead of the government releasing 10 million barrels from strategic reserves to ease soaring fuel cos
European investors assess US midterm election risks across healthcare, renewables, and construction materials, highlighting potential earnings impacts on firms like Heidelberg Materials and TotalEnerg
Shell reported a $5.4 billion increase in shipping lease costs adding to its net debt, while TotalEnergies saw liquid fuel price realization drop by $6 per barrel due to soaring freight rates between
TotalEnergies CEO Patrick Pouyanne hinted at an extra dividend if 2026 cash flow reaches $43 billion, meeting a 40% shareholder return pledge. The announcement follows French parliamentary criticism o
ETG Group plans a $2 billion urea fertilizer plant in Mozambique to capitalize on global supply disruptions caused by the Iran war. The facility will utilize gas from TotalEnergies' LNG project to boo
TotalEnergies reported a 127% surge in third-quarter earnings driven by historically high refining margins amid geopolitical tensions. The company's refining and chemicals division posted record net i
Germany's Economy Minister approved a penalty scheme allowing developers to return offshore wind sites amid financial pressures, while state leaders urge legislative changes for retendering as major f
Indian state-owned LPG importers are expected to award a 2.75 million metric ton term tender for 2027 to ADNOC Trading, TotalEnergies, and Chevron following a dozen bids.
TotalEnergies forecasts a significant surge in third-quarter profits driven by Middle East conflicts pushing energy prices higher, with refining margins hitting $33.2 per barrel and downstream cash fl
France secured monthly diesel supplies from Bahrain, UAE, and Saudi Arabia via TotalEnergies to mitigate soaring fuel costs, as European diesel prices reach nearly $200 per barrel amid geopolitical te
TotalEnergies declared force majeure on toluene supplies from its Normandy refinery due to strikes disrupting production and logistics. The strike affects xylene and toluene chains, halting deliveries
TotalEnergies expects Q3 refining margins to nearly quadruple to $33.2 per barrel as the Iran conflict drives up energy prices. Competitors Shell and BP are also reporting record or tripled margins du
Western refineries report record profits amid a global diesel shortage expected to persist until 2027 per the IEA. Major firms like TotalEnergies and Shell capitalize on high margins while supply cons
Liberia launched its 2026 oil and gas licensing round, offering 29 offshore blocks via direct negotiations to attract international investment. The initiative builds on a 2024 round where TotalEnergie
TotalEnergies and Namibia continue negotiations for the Venus oil project, targeting first production by 2030 after missing a 2025 sanctioning deadline. Talks remain ongoing as the company aims for a
TotalEnergies will cut diesel and heating fuel prices in France through January to mitigate consumer costs during the oil crisis. The company aims to stay the cheapest retailer while distributing gove
TotalEnergies expands its US joint venture with KKR by adding a $1.2 billion portfolio of three utility-scale solar assets totaling 700 MW, expected to reach commercial operation by Q1 2027.
Azerbaijan signed 23 investment deals totaling $10.8 billion. Key highlights include major oil and gas projects with SOCAR, TotalEnergies, and ExxonMobil aimed at boosting natural gas production by 5
Oil executives urge shifting from just-in-time to just-in-case supply chains due to regional disruptions. Major firms like TotalEnergies and BP plan alternative pipeline routes to bypass the Strait of
TotalEnergies CEO Patrick Pouyanne stated he prefers a disruptive world for business opportunities, noting integrated energy firms benefit during conflicts. Profits surged alongside rivals Shell and B
Portuguese oil major Galp Energia is exploring options to sell or partner on its 2.7-gigawatt renewable energy portfolio, mirroring recent restructuring activities by European peers like TotalEnergies
TotalEnergies plans a $10 billion investment in Argentina involving offshore development and gas production expansion, aiming to enhance output to 16 million cubic metres per day.
TotalEnergies CEO Patrick Pouyanné warned that a proposed US diesel export ban could backfire by raising domestic gasoline prices and reducing refinery throughput. The policy would disrupt European su
TotalEnergies pledged to increase dividends by over 5% annually through 2030 and expanded share buybacks, benefiting from rising oil prices. The company expects cash flow growth and plans $14-$17 bill
TotalEnergies raised its fourth-quarter share buybacks to $2.5 billion, driven by high global energy prices and strong refining margins. The French energy major also committed to increasing dividends
TotalEnergies, Socar, and XRG approved a second phase for the Absheron gas-condensate field in Azerbaijan, targeting 6 billion cubic meters of annual production by 2029 for domestic use and exports to
Azerbaijan signed over $10 billion in investment agreements, including major energy deals with TotalEnergies and ExxonMobil. The country plans to increase gas production by 5 billion cubic meters with
Nigeria's NNPC confirmed a final investment decision on an $800 million offshore gas project by Amni International and TotalEnergies, which will supply Nigeria LNG's Train 7 expansion and boost annual
TotalEnergies' board unanimously renewed Chairman and CEO Patrick Pouyanne's mandate, reaffirming its strategy focused on Oil & Gas and Integrated Power businesses ahead of an investor update.
TotalEnergies and AMNI approved the offshore Ima gas field development in Nigeria, starting production in 2028. The project supplies one-third of the gas for the Nigeria LNG Train 7 expansion, raising
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