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The Latest Breaking News from TotalEnergies

TotalEnergies, Iraq Agree on Delayed $10 Bn Project

French energy giant TotalEnergies announced Wednesday an agreement with Iraq on a long-delayed $10 billion project to improve the country's rundown electricity grid after resolving disputes over the terms of the deal. The contract -- which includes investments in oil, gas and solar production -- was signed in September 2021…

Asharq Al-Awsat

'Petrodollar' at risk as TotalEnergies sells LNG to China in yuan

Chinese and French energy companies this week finalised the first-ever deal on liquified natural gas (LNG) in China settled in the renminbi yuan currency. The trade, involving 65,000 tons of LNG imported from the United Arab Emirates, marks a major step in Beijing's attempts to undermine the US dollar as…

Radio France Internationale

Takeaways from AP examination of Peru carbon credit program

Expert analysis and reporting by The Associated Press raises doubts about whether a program to sell carbon credits in Peru’s Cordillera Azul National Park is delivering on its promise to balance out emissions by the companies buying the credits

The Independent UK

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‘Gone wrong’: Doubts on carbon-credit program in Peru forest

Expert analysis and reporting by The Associated Press raises doubts about whether a program to sell carbon credits in Peru's Cordillera Azul National Park is delivering on its promise to balance out emissions by the companies buying the credits

The Independent UK

UN hears Africa, its Sahel region, are new terrorism targets

African nations are calling on the world to pay attention to how terrorism is targeting their continent, particularly its Sahel region

The Independent UK

Strikes roiling French power sector cause fuel shortages

Industrial action disrupting French refineries has left some petrol stations short of fuel as strikes stretched into a 16th day on Thursday, also hitting liquefied natural gas (LNG) terminals, power supply and nuclear reactor maintenance.

Reuters

France requisitions refinery workers as energy strikes continue

Several French refineries were still blocked from delivering products on Tuesday after two weeks of strikes, disrupting production and power supply, while attempts to requisition workers at the Fos depot sparked scuffles with police.

Reuters

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Factbox-China's energy investments in Russia

Chinese state energy giants have made a number of multi-billion dollar investments in Russia, one of China's top oil and gas suppliers, across various stages of the energy supply chain.

Reuters

Protests Resume in France amid Anger at Macron's Pension Age Reform

Refinery strikes persisted on Saturday in France and more demonstrations were taking place throughout the country amid anger at the government pushing through a rise in the state pension age without a parliamentary vote. The growing unrest, combined with rubbish piling up on the streets of Paris after refused workers…

Asharq Al-Awsat

Under the skin of the mobile lab for hydrogen at Le Mans

MissionH24's goal is explained in its name. The programme has been geared to develop hydrogen technology for competition in the Le Mans 24 Hours, and has come a long way since its LMPH2G first appeared in a practice session for a Le Mans Cup race in 2019.

Autosport

Gulf moves into UK with investment in offshore wind farm

SET-listed Gulf Energy Development, Thailand's largest power producer by market value, continues to seek new business opportunities overseas with its latest investment in the development of a 1,500-megawatt offshore wind farm project in the UK.

Bangkok Post

French court dismisses lawsuit against TotalEnergies pipeline in Africa

A French civil court on Tuesday threw out a lawsuit brought by environmental campaigners against the French energy giant TotalEnergies over its oil projects in Uganda and Tanzania.

Radio France Internationale

French court dismisses case against TotalEnergies E. Africa oil project

PARIS - A French court on Tuesday dismissed a landmark case against TotalEnergies for a massive oil project in Uganda and Tanzania after several NGOs filed a suit to suspend the controversial project.

Bangkok Post

French court dismisses NGOs' case against controversial TotalEnergies projects in east Africa

A French court ruled on Tuesday rejected a landmark lawsuit against oil giant TotalEnergies that accused it of failing to protect people and the environment as it pursues oil projects in Uganda and Tanzania. The world’s longest heated oil pipeline will pass through forest reserves and game parks before running…

France 24

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The Independent UK

French court to rule on TotalEnergies' east Africa projects

A Paris court is set to rule on a case pitting French and Ugandan environmentalist groups against oil giant TotalEnergies regarding a major oil field and pipeline projects in east Africa

France 24

Paris court to rule on landmark case for TotalEnergies oil project in Uganda

A Paris court could order the oil major TotalEnergies to halt the development of a Uganda pipeline, based on legislation that makes big companies liable for risks to the environment and human rights. The French oil giant has been accused by activist groups of not fairly compensating the people who…

The Guardian - US

‘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 Independent UK

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

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Radio France Internationale

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.

France 24

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…

The Independent UK

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

Investors Business Daily

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.

The Texas Tribune

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.”

Radio France Internationale

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,…

The Independent UK

France hit by new nationwide strikes against Macron pension reform

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

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