World Oil (Bloomberg) — TotalEnergies SE took a $4.1 billion writedown on its flagship Russian gas project and indicated that it may belatedly join its peers in pulling back from the country two months after the invasion of Ukraine. The French energy giant initially refused to cut ties with Moscow, despite other oil majors including BP Plc and Exxon Mobil Corp.
Yahoo Finance (Bloomberg) — TotalEnergies SE said it will stop buying Russian crude and diesel by the end of the year, becoming the latest energy giant to shun the country’s oil in protest against the invasion of Ukraine. The announcement marks a further effort to reduce financial flows to the regime of President Vladimir Putin as punishment for the attack
World Oil TotalEnergies and APA Corporation have made a significant new oil and associated gas discovery at the Krabdagu-1 well, in the central area of Block 58, offshore Suriname. This follows previous discoveries at Maka, Sapakara, Kwaskwasi and Keskesi, and the successfully tested Sapakara South-1 appraisal well. Located 18 kilometers (11 miles) south-east of Sapakara South, Krabdagu-1 was drilled at
Nasdaq BASRA/LONDON, Feb 14 – A $27-billion deal between France’s TotalEnergies <TTEF.PA> and Iraq, that Baghdad hoped would reverse the exit of oil majors from the country, has stalled amid disputes over terms and risks being scrapped by the country’s new government. Iraq has struggled to attract major fresh investments into its energy industry since signing a flurry of post
World Oil PARIS – TotalEnergies has signed with the Ministry of Energy and Minerals of the Sultanate of Oman a series of agreements for the sustainable development of the country’s natural gas resources. These agreements include: The establishment of Marsa LNG, an integrated company between TotalEnergies (80%) and Oman National Oil Company, OQ (20%). Marsa LNG will produce natural gas
World Oil (Bloomberg) –France’s TotalEnergies SE and Italy’s SpA said they were ready to invest billions of dollars in Libya as the OPEC nation emerges from a decade of conflict and civil war. “I want to contribute to Libya’s comeback,” TotalEnergies’ Chief Executive Officer Patrick Pouyanne said on Monday at an energy conference in the capital, Tripoli. “Some may see
World Oil PARIS – As part of its effort for continuous progress and sustainable development, TotalEnergies announces deployment of an innovative technology developed by Qnergy, to significantly reduce methane emissions related to its operations on the Barnett gas field in the United States. The solution proposed by Qnergy uses a technology allowing to convert methane powered instrumentation to compressed air
Reuters The U.S. Federal Energy Regulatory Commission (FERC) said on Thursday an Administrative Law Judge will determine whether units and traders at French energy company Total, now TotalEnergies SE TTEF.PA, manipulated the natural gas market in 2009-2012. The case, which has dragged on for years, is the biggest of FERC’s ongoing disputes over alleged power and gas market manipulation, some
