Totalenergies Stock News

The French energy giant and US partner Chevron announced in January that they would pull out of the Yadana gas field, with TotalEnergies citing the "worsening" situation for human rights and the rule of law.

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The church''s investment funds want TotalEnergies to leave Russia, like rivals BP and Shell.

A fourth package of EU sanctions decided on Monday called for no new investments in Russia, which was what TotalEnergies had already decided to do, Attal added. TotalEnergies has condemned Russia''s aggression against Ukraine and has suspended new investments in the country but has not followed the example of British peers BP and Shell which are withdrawing from Russia.

Long-term oil price forecast.

Thai oil and gas giant PTT Exploration and Production Plc said on Monday it would take over operations of the Yadana gas field in Myanmar from July following the exit of France''s TotalEnergies.

TotalEnergies <> should exit its Russian operations in light of the war in Ukraine or face a vote on the issue at its May 25 shareholder meeting, activist investor Clearway Capital…

Activist investor Clearway Capital has written to the board of French energy major TotalEnergies calling on it to exit its Russian operations in light of the war in Ukraine or face a vote on the issue at its next shareholder meeting.

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LONDON, United Kingdom – Shell faces write-downs on $400 million in Russian downstream assets, it said on Thursday, March 10, having announced $3 billion worth of other projects previously. The oil major announced on February 28 that it would quit its ventures in Russia with Gazprom and related entities including the flagship Sakhalin 2 liquefied natural gas (LNG) plant and the Nord Stream 2 pipeline project . “It is expected that these decisions…will impact the carrying value of the related assets and lead to recognition of impairments in 2022,” Shell said in its annual report on Thursday. The downstream assets come on top of $3 billion mentioned in its February 28 announcement, a company spokesperson said. Shell’s production from Russian oil and gas projects reached stood at 140,000 barrels of oil equivalent per day compared with around 2.2 million boe/d total volumes for sale, according to its annual report and a spokesperson. Shell’s write-downs come amid a mass exodus of western oil majors .

Amid an exodus of Western European and U.S. companies from Russia, Chinese businesses are seeking to take their place, Bloomberg reported this week, citing unnamed sources in the know. It was only a matter of time, really. Nature abhors a vacuum, and so does business. Chinese business, in addition to this, is quite pragmatic, unlike its Western counterparts and competitors. So, once BP, Shell, and pretty much everyone but French TotalEnergies left Russia in the wake of the Ukraine crisis, Chinese energy firms owned by the government started…

PARIS--(BUSINESS WIRE)-- To support its growth in electricity and renewables, TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) is launching TotalEnergies On, an electricity start-up accelerator program at the world’s largest start-up campus, STATION F in Paris. The program’s objective is to identify and support start-ups developing innovative digital solutions for the electricity sector, whether for renewable production, storage, decentralized energy management, trading, sales or electric mobili

PARIS--(BUSINESS WIRE)--Regulatory News: To support its growth in electricity and renewables, TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) is launching TotalEnergies On, an electricity start-up accelerator program at the world’s largest start-up campus, STATION F in Paris. The program’s objective is to identify and support start-ups developing innovative digital solutions for the electricity sector, whether for renewable production, storage, decentralized energy management, trading, sales or

LONDON: McDonald''s Corp said on Tuesday it would temporarily close its restaurants in Russia, becoming the latest Western company to pause all operations in the country after it moved troops into Ukraine. The fast-food chain said it would go on paying salaries to its 62,000 employees in Russia. Earlier on Tuesday, Shell stopped buying oil from Russia and said it would cut links to the country entirely while the United States stepped up its campaign to punish Moscow by banning Russian oil and energy imports. The West''s moves to isolate Russia economically for attacking its neighbour have turbocharged global commodity and energy markets, sending prices soaring and threatening to derail the nascent recovery from the COVID-19 pandemic. Britain too said it would ban imports of Russian oil but only by gradually phasing them out during 2022 to give businesses time to find alternative sources of supply. The surge in metal prices since Russia attacked Ukraine is starting to hurt some players caught on the wrong side of the market, as well as end consumers such as carmakers.