Sunday, 11 May 2025

Focus on TotalEnergies

FILE PHOTO: Tanker trucks are seen among oil tankers docked at the port of Tuxpan, in Veracruz state, Mexico April 22, 2020. REUTERS/Oscar Martinez/File Photo
AnalysisBusinessFinanceFuelIn-DepthOil

Global refiners face profit slump as new plants come online

Oil refiners in Asia, Europe and the United States are facing a drop in profitability to multi-year lows, following big returns post-pandemic

FILE PHOTO: The logo of French oil and gas company TotalEnergies is seen at the company's headquarters skyscraper in the financial and business district of La Defense, near Paris, France September 14, 2023. REUTERS/Gonzalo Fuentes/File Photo
BusinessElectricityNewsOilSolar

TotalEnergies deepens ties with India’s Adani Green in $444M joint venture

The electricity will be sold on the wholesale market and through power purchase agreements signed with the federal government agency, Solar Energy Corporation...

The Kingfisher oil project is operated by China's CNOOC (AFP)
BusinessFuelNewsOilPolitics

NGO reports ‘human rights disaster’ at Uganda oil project

Climate Rights International reports that TotalEnergies' Kingfisher project in Uganda has violently intimidated and evicted locals.

The logo of French oil and gas company TotalEnergies is seen on an oil tank at TotalEnergies fuel depot in Mardyck near Dunkirk, France, January 16, 2023. REUTERS/Benoit Tessier/ File Photo
BusinessFinanceFuelNatural GasNewsOilRegulationsTrade

TOTSA TotalEnergies Trading to pay $48 million for attempted market manipulation

The U.S. regulator fined TOTSA $48M for attempting to manipulate European gasoline futures by flooding the market.

FILE PHOTO: A Chevron gas station sign is seen in Austin, Texas, U.S., October 23, 2023.   REUTERS/Brian Snyder/File Photo
FuelInfrastructureNewsOilTransmission

Chevron delivers industry first in ultra-high pressure oil field

Chevron has achieved a technological breakthrough, producing first oil from Gulf of Mexico field under extreme subsea pressures

News Release

SBM Offshore Half Year 2024 Earnings

August 8, 2024 Highlights 2024 Directional1 EBITDA guidance increased from around US$1.2 billion to around US$1.3 billion2024 Directional revenue guidance increased from around...

FILE - The tanker Sun Arrows loads its cargo of liquefied natural gas from the Sakhalin-2 project in the port of Prigorodnoye, Russia, on Friday, Oct. 29, 2021. Shipments of Russian liquified natural gas to France more than doubled the first half of this year, according to new analyses of trade data, at a time when Europe has tried to pull back from energy purchases that help finance the Kremlin's invasion of Ukraine. (AP Photo, File)
Liquefied Natural GasNewsPoliticsTrade

French imports of Russia’s LNG surge, and Ukraine supporters seek a stop

In France, Russian LNG shipments more than doubled the first half of this year, according to new analyses of trade data, despite calls...

Workers Walor factory in eastern plants that make auto parts worry about the shift to electric vehicles (AFP)
AutomotiveBusinessElectric Vehicles (EVs)LabourNewsTransport

EV transition worries French car industry workers

Parts suppliers across France fear that phasing out combustion energies will see automotive manufacturing jobs move out of the country.

News Release

Shell Plc 2nd QUARTER 2024 AND HALF YEAR UNAUDITED RESULTS

                 SHELL PLC2nd QUARTER 2024 AND HALF YEAR UNAUDITED RESULTS                                   SUMMARY OF UNAUDITED RESULTSQuarters$ million Half yearQ2 2024Q1 2024Q2 2023%¹ Reference20242023%3,517  7,358  3,134  -52Income/(loss) attributable to Shell...

Net profit shed seven percent year-on-year in April-June, to $3.8 billion (AFP)
BusinessNatural GasNewsOil

Refining and gas give TotalEnergies Q2 blues

Profits slump for French oil company blamed on lower margins in refining and falling LNG demand in Europe.