TotalEnergies

ExxonMobil, LyondellBasell, Apollo Global Management, and Kuwait Petroleum Corporation are competing to acquire Shell's U.S. chemicals business, valued at up to $8 billion. The assets include four facilities in Louisiana, Texas, and Pennsylvania producing chemicals for plastics and detergents. The sale is part of Shell's strategy to divest underperforming operations and focus on higher-value assets like liquefied natural gas, following recent divestitures in Europe and Cyprus.

7 reports · 3 sources · Updated Aug 25, 12:00 AM UTC

The Trump administration paid German energy firm RWE $1.22 billion to abandon three offshore wind projects off New York, California, and Louisiana, citing no viable permitting path. RWE will redirect funds into natural gas ventures, including a Louisiana LNG export project. This is the fifth such settlement, totaling nearly $4 billion in taxpayer money to cancel wind leases. Critics decry the deals as politically motivated subsidies for fossil fuels, while the administration frames them as prioritizing reliable energy over intermittent wind power.

5 reports · 3 sources · Updated Aug 8, 03:13 PM UTC

Shell has agreed to sell its European onshore renewable energy assets to TotalEnergies, including approximately 500 megawatts of operating or under-construction solar and wind capacity in Italy and the Netherlands, plus a 3.5GW pipeline in Italy, the UK, and Spain. The deal, expected to close by end of 2026, reflects Shell’s strategic pivot back toward oil and gas and integrated energy solutions, while TotalEnergies expands its renewables portfolio. Separately, TotalEnergies also sold a 50% stake in a 1.2GW portfolio to KKR for €1.8bn.

9 reports · 3 sources · Updated Aug 3, 12:41 PM UTC

BP announced the sale of its entire North Sea oil and gas division, ending 60 years of production in its home market. The decision follows a UK government windfall tax increase, a ban on new drilling, and a strategic shift toward higher-return projects in the US and Brazil. CEO Meg O’Neill aims to divest $20 billion in assets by year-end. The move marks the last major oil company to exit the region, sparking concerns over UK energy policy and jobs in Aberdeen.

9 reports · 4 sources · Updated Aug 3, 11:19 AM UTC

Eni and TotalEnergies have taken the final investment decision to develop the Cronos gas field in deep waters offshore Cyprus, marking the Mediterranean country's first hydrocarbon development. The Cronos field, located in Block 6, holds more than 3 trillion cubic feet of gas initially in place. Production is expected to reach a plateau of around 500 million cubic feet per day, equivalent to about 2.8 million tons of LNG per year. First gas is targeted for 2028. The gas will be transported and processed at existing Zohr facilities in Egypt, then liquefied at Egypt's Damietta LNG plant for export to international markets, primarily Europe. Eni operates the project with a 50% stake, while TotalEnergies holds the other 50%. Both companies will market their respective shares of LNG. The project positions Cyprus as an emerging European gas producer and supports the establishment of a regional gas hub in the Eastern Mediterranean.

1 reports · 1 sources · Updated Jul 28, 09:30 AM UTC

TotalEnergies has appealed a June 25 Paris Judicial Court ruling brought by environmental groups under France's duty of vigilance law. The company argues the judgment extends the law beyond its intended purpose, asserting that climate change is a global issue for governments, not corporate duty of vigilance. TotalEnergies contends the law covers risks from its own operations and supply chain, not customer product use, and that it cannot control consumer energy choices. It also notes the European CSDDD does not extend due diligence to customer activities. The Paris Court of Appeal will hear the case.

1 reports · 1 sources · Updated Jul 28, 02:10 AM UTC

TotalEnergies has announced it will appeal a landmark ruling by the Paris Judicial Court that ordered the French oil and gas supermajor to align its business operations with climate change goals under the French duty of vigilance law. In a statement, TotalEnergies argued that climate change, as a global phenomenon, falls outside the scope of the law, and that imposing such obligations on energy, defense, and automotive sectors would undermine legal certainty and business freedom. The company emphasized it does not control consumer choices regarding fuel types. The appeal will be heard by the Paris Court of Appeal. The article also notes that Shell is facing similar climate litigation in the Netherlands, where a Dutch appeals court recently overturned a previous ruling that had required Shell to slash its emissions.

1 reports · 1 sources · Updated Jul 27, 03:30 PM UTC

Kazakhstan's Ministry of Justice imposed a freeze on property and transport assets of the North Caspian Operating Company (NCOC), the consortium developing the Kashagan oil field, over a $4.9 billion environmental fine for improper sulfur storage. The fine, imposed in 2023, is part of a broader dispute between the government and foreign oil majors including Shell, Eni, TotalEnergies, and ExxonMobil. Kazakhstan claims the 1997 production sharing agreement is unfair and is seeking $165 billion in arbitration. A UNCITRAL tribunal rejected Kazakhstan's request to lift restraining measures on enforcement, but Astana argues its sovereign rights override international arbitration. The dispute reflects a pattern of environmental fines being used as leverage to renegotiate oil contracts. Kazakhstan's new Constitution, effective July 1, prioritizes domestic law over international obligations. The consortium contests the fine, while state-owned Kazmunaigas offered to pay its share.

1 reports · 1 sources · Updated Jul 27, 01:12 PM UTC

Kazakhstan's Ministry of Justice imposed a freeze on property and transport assets of the North Caspian Operating Company (NCOC), the consortium developing the Kashagan oil field, over a $4.9 billion environmental fine for improper sulfur storage. The move escalates a long-running dispute between the government and international oil majors including Shell, Eni, TotalEnergies, and ExxonMobil. Kazakhstan claims the 1997 production sharing agreement is unfair and is seeking $165 billion in arbitration. A UNCITRAL tribunal rejected Kazakhstan's request to lift restraining measures on the fine, but Astana argues its sovereign rights override international arbitration under a new constitution. The dispute mirrors past environmental fines used as leverage to renegotiate contracts, notably at the Karachaganak field. The consortium denies the fine's basis and is contesting it.

1 reports · 1 sources · Updated Jul 27, 01:12 PM UTC

Kazakhstan's Ministry of Justice imposed a freeze on property and transport assets of the North Caspian Operating Company (NCOC), the consortium developing the Kashagan oil field, over a $4.9 billion environmental fine for improper sulfur storage. The move escalates a long-running dispute between the government and international oil majors including Shell, Eni, TotalEnergies, and ExxonMobil. Kazakhstan claims the 1997 production sharing agreement is unfair and is seeking $165 billion in arbitration for contract recalibration. While state-owned Kazmunaigas offered to pay its share of the fine, foreign partners refused. A UNCITRAL tribunal rejected Kazakhstan's request to lift restraining measures on enforcement, but Astana argues its sovereign rights override international arbitration under a new constitution. Analysts view the fine as a political tool to pressure foreign investors, similar to past disputes at the Karachaganak field. The conflict underscores Kazakhstan's push to renegotiate terms for its three largest oil fields, which are critical to state revenue.

1 reports · 1 sources · Updated Jul 27, 01:12 PM UTC

Naval Group awarded Saft, a TotalEnergies subsidiary, a major contract to supply next-generation lithium-ion battery systems for Barracuda and Scorpene submarines. The proprietary batteries offer higher energy density, longer underwater endurance, and enhanced safety compared to lead-acid systems. This partnership strengthens European defense industrial collaboration and sovereign capabilities, with potential for future international programs. Saft’s full value-chain control was a key factor in the selection.

5 reports · 2 sources · Updated Jul 22, 01:19 PM UTC

UK-based AMPYR Distributed Energy (ADE) has secured €170 million ($194 million) in debt financing from Crédit Agricole CIB and Franklin Templeton's Benefit Street Partners to accelerate its European expansion. The funding will support the growth of distributed renewable energy assets and strategic acquisitions across Europe, following ADE's recent acquisition of a 70MW portfolio from TotalEnergies. ADE develops, operates, and owns on-site renewable energy infrastructure for industrial and commercial clients through long-term power purchase agreements. CEO John Behan stated the financing demonstrates confidence in the company's strategy and positions it to help organizations turn energy into a strategic asset. The company also recently acquired the East Yorkshire Solar Farm project in the UK, with over 530MW-peak capacity.

1 reports · 1 sources · Updated Jul 22, 11:12 AM UTC

Norwegian oil and gas company Vår Energi has agreed to acquire rival BlueNord in a cash-and-stock deal valued at Nkr12.84bn ($1.33bn). The transaction, approved by both boards, will create the largest independent oil and gas producer in Europe. BlueNord shareholders will receive 248.4 million newly issued Vår Energi shares and Nkr1.96bn in cash, holding about 9.05% of the enlarged company. Eni will retain a majority stake of around 57.33%. The merger adds BlueNord's Danish Continental Shelf assets, including the Tyra, Halfdan, Dan, and Gorm hubs, to Vår Energi's Norwegian and North Sea operations. The combined entity targets long-term production of approximately 450,000 barrels per day, with BlueNord contributing around 45,000 boepd from 2026. Completion is expected by end of 2026, pending shareholder and regulatory approvals.

1 reports · 1 sources · Updated Jul 22, 08:16 AM UTC

Abu Dhabi’s ADNOC has made a $6.2 billion final investment decision to develop the Umm Shaif Gas Cap offshore field, partnering with TotalEnergies, Eni, and CNPC. The project includes $5.1 billion in EPC contracts and a $365 million drilling program, targeting production of over 600 million standard cubic feet per day of natural gas by 2030. This is part of ADNOC’s strategy to boost domestic gas supply and expand LNG exports, including a recent $900 million order for new LNG carriers.

7 reports · 2 sources · Updated Jul 22, 07:44 AM UTC

Adani Total Gas (ATGL) reported an 18% year-on-year decline in net profit to ₹133 crore for the quarter ending June 2026, driven by a 39% surge in LNG procurement costs to ₹1,454 crore due to the ongoing West Asia crisis. Despite the profit drop, revenue rose 27% to ₹1,910 crore, supported by a 13% increase in overall sales volume. Compressed natural gas (CNG) sales grew 18% and pipelined natural gas (PNG) sales rose 4%. ATGL CEO Sanjay Pandita attributed the challenging operating environment to elevated gas prices, higher Brent crude prices, currency volatility, and geopolitical disruptions affecting global energy supplies. The company is a joint venture between India's Adani Group and France's TotalEnergies.

1 reports · 1 sources · Updated Jul 21, 12:45 PM UTC

An analysis by Yahoo Finance finds that former President Trump's campaign pledge to reduce electricity prices by 50% within 18 months of his January 2025 inauguration has failed. According to U.S. Energy Information Administration data, residential electricity rates rose 18% through April 2026, with a 7.3% increase in the last 12 months alone—roughly double the inflation rate. The article attributes the price rise to a supply-demand mismatch driven by AI data center demand, coal and gas plant closures, and policy decisions including tariffs on grid equipment and nearly $1 billion paid to TotalEnergies to cancel offshore wind projects. Utilities filed $9.2 billion in rate-hike requests in Q2 2026. Independent analysts note that retail rates are largely set by state regulators, limiting federal influence. The article concludes that the promise was impossible to deliver on.

1 reports · 1 sources · Updated Jul 21, 10:12 AM UTC

An analysis by Yahoo Finance finds that former President Trump's campaign pledge to reduce electricity prices by 50% within 18 months of his January 2025 inauguration has failed. Instead, U.S. residential electricity rates rose 18% through April 2026, with a 7.3% increase in the last 12 months alone—double the inflation rate. Key factors include surging demand from AI data centers, which added $6 billion to PJM Interconnection's capacity auction costs, and the administration's policy decisions such as paying TotalEnergies nearly $1 billion to cancel offshore wind projects and imposing tariffs on grid equipment. Utilities filed $9.2 billion in rate-hike requests in Q2 2026. Experts note that retail electricity rates are largely set by state regulators, limiting federal influence. The article concludes the promise was impossible to deliver.

1 reports · 1 sources · Updated Jul 21, 10:12 AM UTC

Germany's offshore wind industry has surpassed 10 gigawatts of installed capacity, with 84 new turbines (1.077 GW) connected in the first half of 2026, bringing the total to 10.8 GW across the North and Baltic Seas. However, the sector faces significant headwinds. Major investors TotalEnergies and BP have signaled intentions to delay or return large projects, citing high costs and unfavorable conditions, risking billions in security deposits and threatening Germany's expansion targets. The industry is urging the federal government to introduce indexed two-sided Contracts-for-Difference to stabilize investment frameworks and to create a mechanism for re-tendering returned areas. Despite these challenges, the industry still expects to meet the revised 30 GW target by 2032 and the long-term 70 GW goal by 2045.

1 reports · 1 sources · Updated Jul 21, 09:39 AM UTC

Abu Dhabi's National Oil Company (ADNOC) has approved a $6.2 billion investment to develop the Umm Shaif Gas Cap, an offshore oil and gas field, in partnership with TotalEnergies, Eni, and China National Petroleum Corporation. The project is expected to add over 600 million cubic feet per day of natural gas production by 2030, equivalent to nearly 10% of the UAE's current daily gas consumption. The development is part of ADNOC's integrated gas strategy to expand domestic supply and LNG exports, targeting 47 million metric tons of LNG capacity per annum by 2035. The investment gains urgency due to ongoing disruptions in the Strait of Hormuz, which has effectively closed to major producers like Qatar, and the expiration of a UAE gas import deal with Qatar in 2032. The UAE, which left OPEC earlier this year, also aims to boost oil production to over 5 million barrels per day by next year.

1 reports · 1 sources · Updated Jul 21, 06:49 AM UTC

The article reports that emergency federal orders under Section 202(c) of the Federal Power Act, once rare, are now being used routinely to keep the U.S. power grid stable. PJM, the grid operator for 65 million people across 13 states, hit an all-time peak load of 168,158 MW in July 2026. Since January, PJM has requested the order three times; nationally, it has been invoked 43 times in the past 14 months, compared to just 20 times in the previous 50 years. The primary driver is surging demand from data centers, especially in Northern Virginia, where Dominion Energy faces a 70-gigawatt interconnection queue—nearly three times its all-time system peak. Aging power plants, extreme heat causing forced outages, and slow permitting for new generation compound the crisis. PJM's capacity auction prices have skyrocketed from $29 per megawatt-day to over $329, with data centers responsible for 63% of the increase. The article highlights that these emergency measures are becoming a permanent fixture of grid operations.

1 reports · 1 sources · Updated Jul 21, 01:54 AM UTC

This week in energy, markets were caught between tightening fundamentals and volatile geopolitics. Oil briefly hit a one-month high as attacks intensified around the Strait of Hormuz, but retreated when physical supply disruptions failed to materialize. Natural gas and LNG strengthened their strategic position, with Lazard reporting a 17-year high cost for U.S. gas-fired generation due to AI data center demand. Halliburton expanded its role in Saudi Aramco's unconventional gas program, and the first U.S. LNG cargo since the tariff dispute arrived in China. Investment continued flowing into long-life assets, led by Masdar's $5.1 billion financing for the world's largest combined solar-and-battery project. North America strengthened its energy leadership, with the U.S. extending its lead over Russia and Saudi Arabia in oil production. Policy and trade dynamics reshaped markets, as European gas prices climbed to four-month highs on renewed Hormuz blockade concerns and U.S. lawmakers pushed for tighter enforcement on imported solar equipment.

1 reports · 1 sources · Updated Jul 17, 09:30 PM UTC

This financial analysis article from Yahoo Finance examines Antero Resources (NYSE: AR) as a potential acquisition target in the U.S. energy sector. Antero, an Appalachian natural gas pure-play with a $10.3 billion market cap, is considered strategically attractive due to its high LNG exposure and NGL production. The article ranks four potential acquirers from weakest to strongest case: Chevron (longest shot due to strategic fit issues), TotalEnergies (global LNG trader angle but CFIUS concerns), ConocoPhillips (serial acquirer with complementary Port Arthur LNG offtake), and EQT (most logical buyer due to geographic overlap and shared LNG contracting). The analysis notes Antero trades 46% below its analyst target of $48.75, with shares at $33.35. Private equity firms are also mentioned as potential bidders, though a $10 billion public E&P with investment-grade credit presents challenges.

1 reports · 1 sources · Updated Jul 17, 11:15 AM UTC

A consortium led by TotalEnergies, alongside Hydra Storage Holding and Reatile Renewables, has inaugurated the Hydra hybrid renewable energy project in South Africa's Northern Cape province. The facility includes a 216MW solar photovoltaic (PV) plant integrated with a 500MW-hour battery energy storage system (BESS). It is designed to supply 75MW of dispatchable renewable electricity to the national grid under a 20-year power purchase agreement with Eskom, delivering over 400 GWh of electricity per year, equivalent to the annual consumption of approximately 200,000 South African households. TotalEnergies and Hydra Storage each hold a 35% stake, with Reatile Renewables holding 30%. The project is part of South Africa's Risk Mitigation Independent Power Producer Procurement Programme and the Just Energy Transition initiative.

1 reports · 1 sources · Updated Jul 17, 09:20 AM UTC

OLA Energy Group and TotalEnergies SE announced the signing of a Share Purchase Agreement for OLA Energy to acquire TotalEnergies Marketing Ethiopia. The acquisition adds over 120 service stations across key Ethiopian cities including Addis Ababa, Dire Dawa, and Mek'ele, along with 10 storage assets, digital payment solutions, and logistics infrastructure. The deal encompasses full downstream operations serving B2B, retail, aviation, and lubricant customers. Separately, TD Cowen lowered its price target on TotalEnergies SE (NYSE:TTE) to $102 from $106 on July 2, maintaining a Buy rating, citing 'pockets of opportunity' in the oil sector after a rapid correction in crude prices. TotalEnergies is a global integrated energy company headquartered in Courbevoie, France, operating across Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services segments.

1 reports · 1 sources

On June 25, 2026, the Paris Judicial Court ruled that TotalEnergies must include Scope 3 emissions (from customer use of its products) in its corporate duty of vigilance plan, rejecting the company's argument that the 2017 French law excludes climate change. The court gave TotalEnergies six months to revise its plan, but did not order a halt to new fossil fuel projects or production cuts. The case, brought by NGOs and the City of Paris, marks a significant legal precedent in climate litigation, though TotalEnergies may appeal.

6 reports · 3 sources · Updated Jul 9, 09:52 AM UTC

Venture Global reported strong first-quarter results, driving a significant increase in its full-year 2026 adjusted EBITDA guidance to $8.2 billion-$8.5 billion, up from the previous $5.2 billion-$5.8 billion range. Q1 revenue surged to $4.6 billion, fueled by higher LNG sales volumes of 481 TBtu, which offset lower net sales prices. Net income rose to $488 million, while consolidated adjusted EBITDA reached $1.4 billion. The company attributed improved margins to operating efficiencies and increased contracting activity, securing over 52 MTPA in long- and medium-term contracts worth approximately $137 billion. Key new agreements include deals with Trafigura, Vitol, Hanwha Aerospace, and TotalEnergies. CEO Mike Sabel confirmed that Plaquemines Phase I remains on track for commercial operations in late 2026, with first LNG from the CP2 project expected in the second half of 2027. The final investment decision for CP2 Phase II supports Venture Global’s goal to become North America’s largest LNG producer by 2027, with a production target exceeding 100 MTPA by 2030.

1 reports · 1 sources

This financial analysis projects Dell Technologies' stock performance through 2027, highlighting its position as a key AI infrastructure player. As of May 2026, Dell shares traded at $238.94, driven by a 40.21% year-over-year revenue increase to $33.379 billion in fiscal Q4. A significant catalyst was the 342% surge in AI-optimized server revenue, reaching $8.952 billion, supported by a record $43 billion AI backlog. Management guidance for fiscal year 2027 predicts total revenue between $138 billion and $142 billion, with AI server revenue potentially doubling to $50 billion. Despite strong fundamentals, the stock faces headwinds from valuation concerns, notably a UBS downgrade suggesting AI gains are already priced in. Analysts present a bull case targeting $284.21 based on expected earnings growth, while consensus estimates hover around $189.61 if margins compress. The article also notes strategic partnerships, including the Pangea 5 supercomputer project with NVIDIA and TotalEnergies, reinforcing Dell's competitive stance in the AI hardware market despite recent profit-taking volatility.

1 reports · 1 sources

Hydrocarbon exploration activities in South Africa’s Orange Basin face continued uncertainty as the exact timing for drilling operations remains unclear. Although the Department of Mineral Resources and Energy granted environmental authorization for Block 3B/4B in September 2024, the process was suspended pending a Supreme Court of Appeal judgment regarding a separate block held by TotalEnergies and Shell. With the suspension lifted in March 2026, a specialist panel is now being appointed to review appeals and advise the Minister. TotalEnergies, which assumed operatorship from Meren Energy (formerly Africa Oil) alongside partner QatarEnergy, plans to drill the first well at the Nayla prospect once final confirmation is received. The block, located off western South Africa, lies south of significant recent oil discoveries in Namibia. While the regulatory path is advancing, the duration of the specialist panel’s review creates ambiguity for the immediate commencement of offshore drilling efforts.

1 reports · 1 sources

ABL Energy & Marine Consultants Brasil has been appointed as the marine warranty surveyor (MWS) to support Subsea7 in the transportation and installation of subsea umbilicals, risers, and flowlines (SURF) infrastructure offshore Brazil. The project focuses on pipelines installed on the FPSO Marechal Duque de Caxias at Mero 3 and the FPSO Alexandre de Gusmão at Mero 4, located in the Santos Basin at water depths between 1,850 and 2,100 meters. ABL’s responsibilities include reviewing technical documents, approving operational engineering documentation, conducting fleet suitability surveys, and witnessing critical onshore and offshore operations. The company will also approve limiting environmental criteria and attend HAZID and HAZOP meetings. Andreas Theophanatos, ABL’s regional director for Brazil, highlighted the firm’s previous experience with Mero 1 and 2 as evidence of their capability to ensure safe installations in deep waters. The Mero field consortium, operated by Petrobras alongside partners like Shell, TotalEnergies, CNPC, and CNOOC, currently operates four FPSOs with a combined production capacity of 770,000 barrels of oil per day.

1 reports · 1 sources

French energy giant TotalEnergies is advancing its Venus deepwater oil discovery in Namibia's Orange Basin, targeting first oil production by 2030. The project, located in Block 2913B, is expected to recover approximately 750 million barrels with a planned capacity of 150,000 barrels per day. TotalEnergies, holding a 50.5% interest alongside partners QatarEnergy, NAMCOR, and Impact Oil & Gas, has finalized front-end engineering and design (FEED) and submitted a field development plan for regulatory review. A final investment decision is anticipated by the end of 2026, contingent on fiscal and environmental approvals. To support this major offshore development, the Namibian government is enhancing port infrastructure at Lüderitz and Walvis Bay and refining its policy framework, including local content regulations. The project aims to maintain low upstream emissions through measures like associated gas reinjection. This initiative represents a significant milestone for Namibia’s emerging offshore energy sector, positioning the Venus discovery as the anchor for the country’s first deepwater oil development.

1 reports · 1 sources