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The Latest Breaking News from TotalEnergies

Oil and gas firms’ green investments fail to match promise of publicity – study

BP, Chevron, ExxonMobil, Shell and TotalEnergies spend $750m a year burnishing climate credentials but only 12% of capital on low-carbon development

The Guardian - UK

3 Energy Stocks That Make Great Buys Even When the Market Swings

The energy sector is facing volatility due to oil price swings amid geopolitical issues. However, oil prices might rise due to potential OPEC output cuts. Hence, investing in energy stocks TotalEnergies (TTE), Valero Energy (VLO), and APA Corporation (APA) might be wise. Read more….

StockNews.com

Lebanon's President: TotalEnergies could help Lebanon in maritime demarcation with Israel

Lebanon's President Michel Aoun said on Tuesday that France-based oil and gas company, TotalEnergies, could help his country solve maritime demarcation issues with Israel, according to a post from the presidency office on Twitter.

Reuters

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Aoun: TotalEnergies Could Help Lebanon in Maritime Demarcation With Israel

Lebanon's President Michel Aoun said on Tuesday that France-based oil and gas company, TotalEnergies (TTEF.PA), could help his country solve maritime demarcation issues with Israel, according to a post from the presidency office on Twitter. Aoun would make "contacts to help in this regard, will increase communications this month", the…

Asharq Al-Awsat

Pressure grows on France to levy windfall tax on ‘super profits’

As ordinary French people fret over the rising cost of living, the government is under pressure to levy a windfall tax on energy firms that have reaped the benefits of higher oil and gas prices pushed up by the war in Ukraine. While the government is divided, PM Elisabeth Borne…

Radio France Internationale

Belgian motorists beat fuel inflation with cross-border trips to France

French government support for gasoline prices has led to long queues of cars from Belgium queuing at gas stations just over the border with France where gas can be more than 30 euro cents ($0.30) per litre cheaper.

Reuters

Zelenskiy advisers ask TotalEnergies to reject Russia 'blood money' dividend

Two advisers to Ukrainian President Volodymyr Zelenskiy have asked French oil major TotalEnergies to reject a 440 million euro ($438.02 million) "blood money" dividend from one of its Russian holdings or to spend the money on Ukrainian reconstruction.

Reuters

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TotalEnergies accused of supplying fuel to Russian warplanes in Ukraine

The French Transport Minister has called for an investigation into whether French oil giant TotalEnergies was involved in supplying jet fuel to the Russian military through a local joint venture.

Radio France Internationale

Myanmar makes $800m from April-July gas exports

Military-ruled Myanmar earned US$800 million from natural gas exports mainly to China and Thailand between April and July, the junta said in the state newspaper on Thursday.

Bangkok Post

Scotland's biggest offshore wind farm starts producing energy

THE largest offshore wind farm in Scotland has started producing energy.

The National (Scotland)

Offshore application submitted for Scottish floating wind project

Meanwhile, Scotland’s largest offshore wind farm begins to produce its first power

Insider UK

TotalEnergies and ENI Make Major Gas Discovery Off Cyprus

Energy companies TotalEnergies and ENI announced a significant gas discovery at the Cronos-1 well, in Block 6, offshore Cyprus. Cronos-1 encountered several good quality carbonate reservoir intervals and confirmed overall net gas pay of more than 260 meters, said TotalEnergies in a statement. TotalEnergies and ENI each have a 50%…

Asharq Al-Awsat

Saudi Arabia Signs Agreement to Build Field of Hybrid Solar Energy

King Abdullah Economic City (KAEC) and SAFEER - a joint venture between TotalEnergies and Altaaqa Alternative Solutions – announced an agreement to provide a major hybrid solar power farm project for KAEC. The strategic plan seeks to develop an estimated 25,000 solar panels (ground-mounted motorized system) producing a capacity of…

Asharq Al-Awsat

ADNOC Distribution to Acquire 50% Stake in 'TotalEnergies Egypt'

Abu Dhabi National Oil Company (ADNOC) Distribution agreed with "TotalEnergies Marketing Afrique SAS" to acquire a 50 percent stake in TotalEnergies Egypt for about $186 million, with an additional earn-out of up to $17.3 million. TotalEnergies Egypt was established in 1998 and is a leading global multi-energy company with a…

Asharq Al-Awsat

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Radio France Internationale

Good news, bad news: record profits for TotalEnergies, huge losses for EDF

On Thursday, French power company TotalEnergies announced that profits had more than doubled in the second quarter. The national electricity company, EDF, meanwhile blamed a state-imposed cap on energy prices for a record loss in the first six months of 2022.

Radio France Internationale

French TotalEnergies group completes planned withdrawal from Myanmar

French oil and gas company TotalEnergies said on Wednesday that its planned withdrawal from Myanmar, announced six months ago, has now come into effect.

Benzinga

TotalEnergies (TTE) To Post Q2 Earnings: What's In Store?

TotalEnergies (NYSE: TTE) is set to report second-quarter 2022 earnings on Jul 28, before the opening bell. This company delivered an average earnings surprise of 21.86% in the last four reported quarters.

Al Jazeera

Oil drilling to go ahead in Ugandan park despite threat to nature

Uganda’s President Museveni has endorsed the project, warning he won’t ‘allow anybody to play around’ with ‘my oil’.

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Reuters

UAE president to visit France on Monday - state news agency

United Arab Emirates President Sheikh Mohammed bin Zayed al-Nahyan will fly to France on July 18 for his first official visit outside the region since taking office in May.

StockNews.com

Stick With These 3 Profitable, Recession-Proof Stocks

The stock market has been experiencing heightened volatility due to record-high inflation, increased possibility of drastic interest rate hikes to bring prices down, and growing recession odds. Amid the uncertain market conditions, it could be wise to invest in profitable stocks TotalEnergies (TTE), Verizon (VZ), and Crescent Capital (CCAP) to…

Asharq Al-Awsat

Shell Joins Qatar’s LNG Expansion Mega-Project

QatarEnergy on Tuesday signed a deal with Shell for the Gulf state's North Field East expansion, the first phase of the world's largest liquefied natural gas (LNG) project, following agreements with TotalEnergies, Exxon, ConocoPhillips and Eni. Shell will take a 6.25% stake in the North Field East expansion project, QatarEnergy…

The Independent UK

Report: East Africa pipeline 'breaches banking principles'

Would-be financiers of a planned oil pipeline in Uganda and Tanzania will be in breach of benchmark guidelines on financing big infrastructure projects if they go ahead, according to a report shared with The Associated Press

Radio France Internationale

TotalEnergies discounts fuel at French petrol stations as inflation soars

Under pressure from the French government to do more to help consumers tackle higher energy costs, TotalEnergies has announced discounts on pump prices at French motorway petrol stations. The move comes as inflation hit a record high over the month of June.

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For June 29, 2022

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WEKU

War in Ukraine is driving demand for Africa's natural gas. That's controversial

The African natural gas industry is booming as Europe looks to replace Russian supplies. But some worry new African gas projects don't make financial sense in a warming world.

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