The Latest Breaking News from TotalEnergies

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

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.

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.

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.

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.

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:

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

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…

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

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.

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.