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The Latest Breaking News from TotalEnergies

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

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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

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

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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.

Radio France Internationale

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.

Benzinga

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’.

Al Jazeera

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.

Reuters

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…

StockNews.com

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…

Asharq Al-Awsat

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

The Independent UK

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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.

Radio France Internationale

French energy giants call on consumers to cut energy use to off-set power shortages

The heads of France's big energy companies urged individuals and businesses to limit power consumption immediately to prepare for a looming energy crisis.

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Benzinga

Analyzing TotalEnergies's Short Interest

TotalEnergies's (NYSE:TTE) short percent of float has risen 21.05% since its last report. The company recently reported that it has 5.90 million shares sold short, which is 0.23% of all regular shares that are available for trading.

Asharq Al-Awsat

Qatar Announces Italy’s Eni as Second Partner in North Field East Project

Qatar signed a deal with Eni on Sunday on the expansion of the North Field East (NFE) Project, the world's largest liquefied natural gas (LNG) project, following on from an agreement with TotalEnergies earlier this month. QatarEnergy CEO Saad al-Kaabi said Eni would own 25 percent of a new joint…

The Hindu

France’s Total to buy stake in Adani hydrogen unit

Adani New Industries-TotalEnergies JV eyes $50 bn green hydrogen investment in 10 years

The Times of India

Total to take 25% in Adani’s $50 billion green hydrogen game

NEW DELHI: French energy major TotalEnergies will acquire a 25% stake in Adani New Industries Ltd. (ANIL), the Ahmedabad-based edible oils-to infrastructure and energy conglomerate’s new energy venture that aims to “valorise” India’s abundant low-cost renewable power potential” by investing $50 billion over 10 years to create the world’s largest…

Asharq Al-Awsat

QatarEnergy, TotalEnergies to Collaborate on North Field East Project

QatarEnergy signed a partnership deal with France's TotalEnergies on Sunday for the North Field East expansion of the world's largest liquefied natural gas (LNG) project. QatarEnergy's chief executive said more partners would be announced in the coming days. The Gulf state is partnering with international energy companies in the first…

Radio France Internationale

French firm TotalEnergies wins Qatari deal to develop world's biggest gas field

The authorities in Qatar have confirmed the choice of French company TotalEnergies as the principal partner in the development of the world's largest reserve of natural gas.

StockNews.com

5 Energy Stocks to Buy This Summer to Combat Scorching Inflation

The inflation report expected this week is expected to be on par with the previous month, reporting near 40-year-high inflation. Historically, the energy sector has outperformed inflation, and so might be an ideal investment option to hedge against current inflationary pressures. Hence, we think the stocks of energy companies Energy…

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