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The Latest Breaking News from Total

Mozambique okays resumption of $20bn Cabo Delgado gas project

The project, in which TotalEnergies owns an operating stake of 26.5%, was halted in 2021 due to mounting insecurity.

Al Jazeera

The Ukraine economic war: Who's winning?

Neither Ukraine nor Russia is "winning" — but Saudi Arabia, the oil companies and the arms industry certainly are

Salon

Oil major TotalEnergies doubles annual profit to $36 billion

France’s TotalEnergies SE doubled its profits in 2022, joining other international oil and gas companies in fattening their bottom lines as high energy prices surged after Russia’s invasion of Ukraine

The Independent UK

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Total's contested oil projects in Africa: The case of Uganda and Tanzania

In the Lake Albert region, in northwestern Uganda, TotalEnergies plans to extract large quantities of oil buried deep in the ground. Work has already started. Backhoe loaders are digging the soil across the savannah. At the top of the embankments of red earth designed to diminish the noise of machines,…

Radio France Internationale

Total CEO expected in Mozambique after gas project halted

Maputo (AFP) - The head of French energy giant TotalEnergies is expected this week to visit Mozambique, where a multi-billion-dollar gas project has been on hold since a 2021 jihadist attack, according to government sources.

AFP

QatarEnergy Replaces Russian Company in Lebanon Gas Exploration

Lebanon, two international oil giants and state-owned oil and gas company Qatar Energy signed an agreement Sunday that the Qatari firm will join a consortium that will search for gas in the Mediterranean Sea off Lebanon’s coast. Qatar Energy is replacing a Russian company that withdrew from the Lebanese market…

Asharq Al-Awsat

Qatar replaces Russian company in Lebanon gas exploration

Lebanon, two international oil giants and state-owned oil and gas company Qatar Energy agreed Sunday that the Qatari firm will join a consortium that will search for gas in the Mediterranean Sea off Lebanon’s coast

The Independent UK

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QatarEnergy to Join Lebanon Offshore Oil and Gas Exploration

QatarEnergy will join TotalEnergies and Eni in a three-way consortium to explore oil and gas in two maritime blocks off the coast of Lebanon, the Lebanese energy ministry said on Thursday. Following months of talks, QatarEnergy is set to take a 30 percent stake, leaving France's TotalEnergies and Italy's Eni…

Asharq Al-Awsat

Prax unveils £300m carbon capture plan for Lindsey Oil Refinery

Humber proposal will support the cleaning up of the UK's most polluting industrial cluster

Birmingham Post

New offshore wind farms herald further Humber jobs boom as lease agreements sealed for near North Sea sites

4.5GW of additional capacity set to be built off the Yorkshire and Lincolnshire coast

Birmingham Post

Former Iran president's son freed after seven years

Tehran (AFP) - A son of former Iranian president Akbar Hashemi Rafsanjani has been freed after serving more than seven years of a 10-year jail sentence for fraud, Iranian media reported Wednesday.

AFP

Hundreds of jobs as major development approved for old Total Fuel site in Colwick

New industrial units will be built

Nottingham Post

Hundreds of new jobs likely if Colwick industrial plans given go-ahead

Plans are recommended for approval at the former Total fuel site

Nottingham Post

Key step forward on 'unexciting' £25m plan for former Total Fuel site in Colwick

The flattened former Total fuel site is off Colwick Loop Road and plans are recommended for approval

Nottingham Post

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The Guardian - UK

How Putin’s alleged ‘business associate’ made $400m from a major Russian gas deal

French oil group Total writes off Novatek shareholding as Guardian investigation raises questions over ties to Kremlin and ownership of superyacht used by Russian president

The Guardian - UK

TotalEnergies to ‘gradually withdraw’ from Russian investments

World’s fifth-largest oil firm finally bows to pressure after invasion of Ukraine, removing representatives from Novatek board

AFP

TotalEnergies cuts North Sea investment over UK windfall tax

London (AFP) - French company TotalEnergies will cut North Sea oil and gas investment by 25 percent next year after the UK government extended a windfall tax on energy firms.

The Independent UK

Total to launch sea exploration after Lebanon-Israel deal

French oil giant Total says it will soon launch exploration activities in search for gas in the Mediterranean Sea off Lebanon’s coast, following last month’s Lebanon-Israel maritime deal

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Birmingham Post

Prax looks towards cleaner fuels and methods with revenues of £4.6b in first year of refinery operations

Lindsey Oil Refinery was taken on in early 2021 with a £195m loss turning to a £3m profit

Evening Standard

Pressure grows on Jeremy Hunt to extend windfall tax

Official figures show energy giants have paid £2.8bn in first four months of levy

The Guardian - US

Two-thirds of US money for fossil fuel pours into Africa despite climate goals

Joe Biden will fly to Africa to attend the Cop27 talks in Egypt but the US funnels billions to dirty projects in the continent

Asharq Al-Awsat

QatarEnergy Seeks to Acquire 30% stake in Lebanon's Offshore Exploration Area

QatarEnergy is in talks with the Lebanese government to acquire a 30 percent stake in an offshore exploration area and is also negotiating with TotalEnergies and Eni in this regard, announced CEO Saad al-Kaabi. Two sources told Reuters last week that TotalEnergies and the Lebanese government have reached a deal…

AFP

Energy giants' billions renew windfall tax debate

Paris (AFP) - The billions in profits announced by TotalEnergies and Shell on Thursday have revived the debate over windfall taxes on the thriving energy giants.

The Independent UK

TotalEnergies income hits $6.6 billion despite Russia loss

France’s TotalEnergies has reported third-quarter net income of $6.6 billion despite losses from pulling out of a venture in Russia

AFP

TotalEnergies's 'superprofit' renews windfall tax debate

Paris (AFP) - TotalEnergies said Thursday surging global oil and gas prices helped it post a massive jump in profits in the third quarter as France is riven over taxing windfall profits of energy companies.

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