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The Latest Breaking News from TotalEnergies

France's TotalEnergies leaving Myanmar, resists pressure to withdraw from Russia

French energy company TotalEnergies is leaving Myanmar without any financial compensation, handing over operation of the Yadana gas field to the Thai energy company PTTEP. The company is also under pressure to exit Russia following its invasion of Ukraine.

Radio France Internationale

Church of England to reconsider shares in TotalEnergies over Ukraine inaction

Pension board and investment fund managers urge French energy company to cut ties with Russia

The Guardian - UK

TotalEnergies cedes Myanmar gasfield to PTTEP, seeks no compensation

PARIS: TotalEnergies on Wednesday confirmed PTTEP International, a subsidiary of the Thai national energy company PTT, would take over equity stakes in local units and resume some of its operations in Myanmar.

Bangkok Post

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French companies must implement sanctions against Russia - govt spokesman

French government spokesman Gabriel Attal said on Tuesday it was paramount that French companies respect sanctions against Russia decided by the European Union and that oil giant TotalEnergies was doing that.

Reuters

Thai firm takes over Myanmar gas field after Total withdrawal

Bangkok (AFP) - Thai energy company PTTEP has said it will take over the running of Myanmar's vital Yadana gas field following the withdrawal of global giants Chevron and TotalEnergies in January.

AFP

French NGOs threaten court action unless TotalEnergies leaves Russia

Two leading French NGOs plan to take legal action against TotalEnergies over possible human rights abuses unless it cuts its business ties with Russia following the country's invasion of Ukraine, they said in a letter to the energy major's CEO.

Reuters

PTTEP to operate Myanmar gas field after TotalEnergies exit

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.

Bangkok Post

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BofA Names Top 5 European Energy Stocks To Buy During Oil Shock

There seems to be more runway for big oils and the geopolitical disruption scenarios seem underpriced, according to BofA Securities. The European Oil & Gas Outlook: Analyst Christopher Kuplent named Shell and TotalEnergies as the Big Oil top picks and changed the target prices for:

Benzinga

Fund managers ditch Russian assets, global stocks slide, bitcoin rises after latest sanctions – as it happened

European stocks slide further while Moscow stock exchange remains closed for second day; rouble steadies and Brent crude rises above $100 a barrel

The Guardian - UK

2 Surging Oil & Gas Stocks With at Least 4% Dividend Yield

Oil prices have been rallying due to a supply shortage, raging inflation, and geopolitical tensions. And OPEC+ missing its production targets could lead to more price volatility. Hence, we think high-yield dividend-paying oil and gas stocks TotalEnergies (TTE) and Valero Energy (VLO) might be solid bets in this scenario. Let’s…

StockNews.com

Bilfinger UK set to create 300 new job following TotalEnergies contract

The contract will start in March and will involve 270 days working on the installations

Insider UK

Oil majors face backlash as era of big profits returns

Paris (AFP) - Soaring energy prices have brought massive profits to oil majors -- along with fierce criticism from environmentalists and politicians at a time when consumers are left with rising bills.

AFP

Thailand seeks control of Myanmar gas project

PTT Pcl, Thailand's state-controlled energy company, is bidding to take control of Myanmar's Yadana gas field after TotalEnergies SE and Chevron Corp exited the country to protest against the junta's continued violence against civilians since the military coup.

Bangkok Post

French company TotalEnergies bounces back to massive profits after Covid slump

French energy giant TotalEnergies on Thursday posted a whopping €14 billion profit for 2021, thanks to soaring oil and gas prices, helping them bounce back from 2020 pandemic losses.

Radio France Internationale

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AFP

TotalEnergies returns to profit after Covid crisis

Paris (AFP) - French energy giant TotalEnergies on Thursday rebounded from the Covid crisis with a huge 2021 profit as oil and gas prices soared -- a performance that raised political hackles in an election year in France.

The Street

Heineken, BP Make CNBC List of Five Top European Stocks

The other three stocks CNBC notes are German logistics company Deutsche Post, French utility Engie and French oil company TotalEnergies.

Bangkok Post

PTTEP seen taking over big Myanmar gas field as majors exit

PTT Exploration and Production Plc (PTTEP) looks set to take over Myanmar's biggest gas field, as TotalEnergies and Chevron Corp exit in the wake of last year's coup in the Southeast Asian state, analysts say.

Bangkok Post

Impact of oil firms' exit from Myanmar limited

The exit of the energy giants TotalEnergies and Chevron from Myanmar’s billion-dollar gas industry has been hailed by rights groups, but analysts say it will not significantly weaken the generals and may even enrich the military in the short term.

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AFP

Gas giants' Myanmar exit unlikely to badly damage junta: analysts

Bangkok (AFP) - The exit of energy titans TotalEnergies and Chevron from Myanmar's billion dollar gas industry has been hailed by rights groups, but analysts say it will not significantly weaken the generals and may even enrich the military in the short term.

The Guardian - UK

Chevron and Total withdraw from Myanmar gas project

French energy firm cites worsening human rights for decision in victory for campaigners

Radio France Internationale

French power giant TotalEnergies to pull out of Myanmar over human rights abuses

TotalEnergies, one of the world's largest energy conglomerates, says it is stopping its operations in Myanmar, citing "worsening" human rights abuses since last year's coup. The announcement, on Friday, was quickly followed by a similar promise from US energy giant Chevron.

AFP

Total, Chevron to exit Myanmar amid rights abuses

Paris (AFP) - Energy giants TotalEnergies and Chevron said Friday they would leave Myanmar following pressure from human rights groups to cut financial ties with the military junta since last year's military coup.

Bangkok Post

Two oil majors to exit Myanmar

The oil majors TotalEnergies and Chevron Corp, partners in a major gas project in Myanmar, have decided to withdraw from the country, they said on Friday, citing the worsening humanitarian situation following last year’s coup.

AFP

TotalEnergies to leave Myanmar over human rights abuses

Paris (AFP) - French oil giant TotalEnergies said Friday it would withdraw from Myanmar over "worsening" human rights abuses since last year's coup, depriving the country's military of a major revenue source.

The Independent UK

Chevron, Total exit Myanmar over deteriorating conditions

TotalEnergies, one of the world’s largest energy conglomerates, says it's stopping all operations in Myanmar, citing rampant human rights abuses and deteriorating rule of law since the country’s military overthrew the government

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