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The Latest Breaking News from TotalEnergies

‘Monster profits’ for energy giants reveal a self-destructive fossil fuel resurgence

Last year’s combined $200bn profit for the ‘big five’ oil and gas companies brings little hope of driving down emissions

The Guardian - US

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

France's TotalEnergies announces record profits of €18bn, higher payout for shareholders

The French fossil fuel exploitation multinational, TotalEnergies, said on Wednesday that high oil and gas prices had bolstered its net profit to a record 18 billion euros in 2022. The company has announced higher dividend payments for shareholders.

Radio France Internationale

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Confident Biden highlights strength of US economy in State of the Union speech

In his State of the Union address, US President Joe Biden underlined slowing inflation and low unemployment as signs that the country's economy is resilient and ready to compete with China in key sectors. Looking forward, he aims to reduce the deficit and raise the debt ceiling by increasing taxes…

France 24

Mozambique's extremist rebels kill aid worker in north

Extremist rebels in Mozambique’s northern Cabo Delgado province have killed a worker for the international charity Doctors Without Borders, shortly after a former vice president of the organization was asked to produce a report into the humanitarian situation in the conflict-hit region

The Independent UK

BP Stock Surges On Mixed Q4 Earnings, Decision To Throttle Back On Renewables

BP stock has rebounded 156% from Oct. 2020 lows of 14.74. Meanwhile, Exxon Mobil stock has ballooned 258% since then.

Investors Business Daily

In South Texas, opponents say planned natural gas export facility’s carbon capture promises are “greenwashing”

A company planning to build a massive liquefied natural gas export facility near Brownsville says carbon capture technology will reduce its pollution, but some locals say it’s a “Band-Aid on a bullet hole.”

The Texas Tribune

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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

France hit by new nationwide strikes against Macron pension reform

‘For the president, it’s easy ... he sits in a chair’

The Independent UK

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

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

‘Robin Hood’ energy strikers give free power to French schools, hospitals, low-income homes

Amid national strikes in the energy sector, some workers in France have found a novel way to protest. On Thursday, "Robin Hood" operations – unauthorised by the government – provided free gas and electricity to schools, universities, and low-income households throughout the country.

France 24

France and Iraq sign strategic agreements on energy, transport

French President Emmanuel Macron met Iraq's Prime Minister Mohammed Shia al-Sudani on Thursday to sign a set of strategic agreements intended to boost Baghdad's economic cooperation with Paris, notably in the energy and public transportation sectors.

Radio France Internationale

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Reuters

Strikes disrupt French fuel deliveries, but participation waning

Protests against French government plans to raise the retirement age had a muted impact on the energy sector on Thursday, the first day of 48-hour strikes, lowering hydropower output and curbing some refinery deliveries.

Reuters

Trade unions call for more strikes over Macron's pension reform

More than a million people marched through French cities on Thursday to denounce President Emmanuel Macron's plans to raise the retirement age, with a wave of nationwide strikes halting trains, blocking refineries and curbing power generation.

Reuters

Factbox-Unions vs Macron: French pension strikes snarl trains, close schools

French workers across the private and public sectors joined nationwide strikes on Thursday, snarling the rail network, closing schools and halting refinery deliveries.

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

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Reuters

French unions dig in for pension battle with Macron

Is France back to its old ways?

Radio France Internationale

French court drops war crimes complaint against TotalEnergies

A French court has dismissed charges of war crimes complicity against French oil company TotalEnergies, accused of helping to produce fuel for Russian warplanes that have bombed Ukraine.

Reuters

French refinery, metro strikes loom in clash over pension reform

France's CGT trade union on Thursday called for strikes in the refinery sector against plans to make people work longer before they can retire and Paris metro unions said they would do "everything they can" to stop the pension reform.

Investors Business Daily

Recession Coming? Don't Ask This Hot Fund's Managers

Want to know what the market will do in 2023? Is a recession coming? Don't ask EIC Value Fund's managers even though they're slaying the broad market.

The Independent UK

In Peru, Kichwa tribe wants compensation for carbon credits

Residents in Kichwa Indigenous villages in Peru say they fell into poverty after the government turned their ancestral forest into a national park, severely restricted hunting and allowed the sale of forest carbon credits to oil companies

Edinburgh Live

Scottish oil workers fear being stranded on rig for Christmas as flights scrapped

Hundreds of employees currently out in the North Sea may be forced to spend December 25 at work after their journey home was said to be cancelled due to bad weather.

Asharq Al-Awsat

Saudi Arabia, China to Implement Refining and Petrochemical Projects

Saudi Arabia and China intend to explore cooperation opportunities in refining and petrochemical projects after the significant energy companies signed memorandums of understanding (MoU) to implement several projects. Saudi Aramco, Chinese Petroleum and Chemical Corporation (Sinopec), and SABIC are exploring cooperation opportunities in refining and petrochemical projects in China and…

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