Freeport LNG is the second-largest LNG exporter in the United States. The Texas facility was shut down on June 8, 2022, after a pipeline explosion. The company has now permission to start cooling down parts of the plant’s piping systems. Federal authorities gave Freeport LNG, the second-largest LNG exporter in the United States, permission on … Read more
The term price for al-shaheen was set by Qatar Energy at a premium of $1.37 per barrel. This is the smallest premium since June 2021. A smaller gap between Brent and Dubai-linked grades has encouraged Asian customers. The term price for March al-Shaheen crude was fixed by Qatar Energy at a premium of $1.37 per … Read more
The export of crude and fuel is blunting the impact of moves by U.S. President Joe Biden to lower pump prices. About 1 million barrels per day are being released from the Strategic Petroleum Reserve. The flow is draining the SPR, which last month fell to the lowest since 1986. At least one more cargo … Read more
Mitsui O.S.K. Lines and TotalEnergies Marine Fuels have completed the first refueling of a ship with biofuels. The ship, a car and truck carrier named Heroic Ace, was refueled using biofuel in Singapore. Mitsui O.S.K. Lines, Ltd. (MOL) (9104.T) and TotalEnergies Marine Fuels (TTEF.PA) have finished the primary refueling of a boat with biofuels in … Read more
Executives of France’s three major energy companies urge consumers to immediately reduce their energy consumption. They warn of social tensions next winter unless reserves are replenished. The call comes after the French government said this week it aimed to have its natural gas reserves at full capacity by autumn. The Executives of France’s three … Read more
Eni will own a stake of just over three percent in the North Field East project. The project’s LNG is expected to come on line in 2026. Kaabi: We signed with everybody. We’re just not telling you. Italian company Eni on Sunday joined Qatar Energy’s $28.75 billion project to expand production from the world’s biggest … Read more
Executives insist fossil fuels, especially natural gas, are still needed at a time when global markets grapple with tight energy supplies and skyrocketing prices. Governments worldwide have shifted their focus from sustainability and the energy transition to concerns about a global supply crunch and demands for more oil and gas. Energy organization leaders at a … Read more
Qatar names TotalEnergies of France as its first foreign partner. Exxon Mobil, Shell and ConocoPhilips are expected to take 25 percent. Production will start in 2026 and expansion is “on target”. Qatar named TotalEnergies of France as its first foreign partner to develop the world’s largest natural gas field, which will eventually help alleviate Europe’s … Read more
On Wednesday, more than 100 demonstrators attempted to disrupt TotalEnergies’ annual general meeting in central Paris, protesting the energy company’s climate policy and continued involvement in Russia following the invasion of Ukraine. Greenpeace, Friends of the Earth and Alternatiba protesters handcuffed themselves to each other and impeded shareholders’ access to the building, claiming that TotalEnergies … Read more
PARIS: French energy giant TotalEnergies has rebounded from the Covid crisis with a huge 2021 profit as oil and gas prices soared, a performance that raised political hackles in an election year in France. The company reported net profit of $16 billion (14 billion euros), the highest in at least 15 years, following a historic … Read more
PARIS: The announcements by TotalEnergies and Chevron have swelled the ranks of foreign firms that have quit Myanmar after the February military coup. As the civilian death toll from the military crackdown has surpassed 1,500 people, activists have ratcheted up pressure on foreign firms. Investors piled into the country after the military relaxed its iron … Read more
BANGKOK: The exit of energy titans TotalEnergies and Chevron from Myanmar’s billion dollar gas industry has been hailed by rights groups, but analysts say it will not significantly weaken the generals and may even enrich the military in the short term. Both firms had faced pressure to cut financial links with the junta that toppled … Read more
PARIS: French oil giant TotalEnergies on Friday said it would withdraw from Myanmar over “worsening” human rights abuses committed since the country’s military took power in a February 2021 coup. “The situation, in terms of human rights and more generally the rule of law, which have kept worsening in Myanmar… has led us to reassess the … Read more
