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The Latest Breaking News from Patrick Pouyanné

French oil giant TotalEnergies' record profits fuel calls for windfall tax

Since the outbreak of the Middle East conflict, French energy company TotalEnergies has faced mounting criticism in over profits it has made from soaring fuel prices. Now its chief executive has been summoned to answer questions before the National Assembly.

Radio France Internationale

A closed Strait of Hormuz was once unthinkable

"The idea was laughed out of the room," one expert said when the scenario was discussed.

Axios

Wind energy executive says company ‘must adapt’ as Trump offers $2 billion to kill offshore wind projects

“My goal is to not let any windmill be built. They’re losers,” Trump said to oil executives in January.

Fortune

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read the most diverse news in one place.

TotalEnergies deal with US ends offshore wind projects in favour of fossil fuels

The United States and TotalEnergies have signed an agreement to end the French company's offshore US wind farm projects and redirect those funds towards fossil fuel production, dealing a blow to the fight against climate change.

Radio France Internationale

Trump administration to pay TotalEnergies $1bn to drop US offshore wind project

Washington will refund a French energy giant to exit US offshore wind plans, fuelling criticism from environmental groups.

Euronews

Why Trump is paying a French energy giant almost $1 billion to abandon U.S. offshore wind projects in favor of natural gas

Speaking at the CERAWeek by S&P Global event in Houston, TotalEnergies chairman and CEO Patrick Pouyanné said he is opting “not to litigate, but to make pragmatic solutions.”

Fortune

French energy giant TotalEnergies resumes Mozambique $20 billion project as insurgency slows

French energy giant TotalEnergies has resumed its $20 billion gas project in northern Mozambique

The Independent UK

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Lebanon signs gas exploration deal with international consortium amid economic crisis

Lebanon's government has signed a deal with an international consortium for gas exploration in an offshore area bordering Israel

The Independent UK

French bureaucracy vs. Trumpism: Why some Fortune 500 Europe CEOs are rethinking red tape

Some European business leaders are asking the question, is it possible to make a similar move towards deregulation as in the U.S.?

Fortune

Victims take TotalEnergies to court over terror attack in Mozambique

Victims and their families have filed a complaint against French company TotalEnergies for "involuntary manslaughter and failure to assist a person in danger" following a jihadist attack in Palma, Mozambique in 2021. Some employees of the company were among the more than 1,000 killed or missing.

Radio France Internationale

Survivors say TotalEnergies left them to face a 2021 terror attack alone

French oil and gas giant TotalEnergies faces a criminal complaint from survivors of an attack in 2021 in Mozambique that killed several contractors.

Fortune

QatarEnergy Replaces Russian Company in Lebanon Gas Exploration

Lebanon, two international oil giants and state-owned oil and gas company Qatar Energy signed an agreement Sunday that the Qatari firm will join a consortium that will search for gas in the Mediterranean Sea off Lebanon’s coast. Qatar Energy is replacing a Russian company that withdrew from the Lebanese market…

Asharq Al-Awsat

Qatar replaces Russian company in Lebanon gas exploration

Lebanon, two international oil giants and state-owned oil and gas company Qatar Energy agreed Sunday that the Qatari firm will join a consortium that will search for gas in the Mediterranean Sea off Lebanon’s coast

The Independent UK

TotalEnergies to Begin Drilling for Oil in Lebanon Next Year

The French company TotalEnergies will begin working towards exploiting Lebanon's Block 9 offshore gas project as of next year, announced caretaker Energy Minister Walid Fayad. The company said in a statement that it began mobilizing the teams in charge of drilling operations on Block 9, revealing that the call for…

Asharq Al-Awsat

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Al Jazeera

Israel signs agreement on gas field shared with Lebanon

Exploration in the Qana field is set to begin after Tel Aviv signed a framework agreement with the contractor.

The Independent UK

Total to launch sea exploration after Lebanon-Israel deal

French oil giant Total says it will soon launch exploration activities in search for gas in the Mediterranean Sea off Lebanon’s coast, following last month’s Lebanon-Israel maritime deal

The Independent UK

TotalEnergies income hits $6.6 billion despite Russia loss

France’s TotalEnergies has reported third-quarter net income of $6.6 billion despite losses from pulling out of a venture in Russia

The Guardian - UK

Uganda oil project casts shadow over Total’s eco-friendly image

French energy firm plans to drill in national park and build 900-mile pipeline in sensitive environments

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The Guardian - UK

The bodies of Bucha have set a difficult test for the west

Analysis: From Ukraine’s point of view, this has to be the time to pile pressure on Germany in particular

France 24

French Green candidate slams TotalEnergies for ‘complicity' in Ukraine war crimes

France’s Green candidate in the upcoming presidential election, Yannick Jadot, has accused TotalEnergies of “complicity in war crimes” in Ukraine, a day after the French energy giant said it would stop buying oil from Moscow by the end of the year but continue its purchases of Russian gas.

France 24

France's TotalEnergies to stop buying oil from Russia by end of 2022

The French oil giant TotalEnergies will stop buying oil and petroleum products from Russia by the end of this year, after facing criticism over its inaction following the invasion of Ukraine. The company will, however, continue buying Russian gas. CEO Patrick Pouyanné told French radio the move would not put…

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