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The Latest Breaking News from TotalEnergies

France's TotalEnergies leaving Myanmar, resists pressure to withdraw from Russia

French energy company TotalEnergies is leaving Myanmar without any financial compensation, handing over operation of the Yadana gas field to the Thai energy company PTTEP. The company is also under pressure to exit Russia following its invasion of Ukraine.

Radio France Internationale

Church of England to reconsider shares in TotalEnergies over Ukraine inaction

Pension board and investment fund managers urge French energy company to cut ties with Russia

The Guardian - UK

TotalEnergies cedes Myanmar gasfield to PTTEP, seeks no compensation

PARIS: TotalEnergies on Wednesday confirmed PTTEP International, a subsidiary of the Thai national energy company PTT, would take over equity stakes in local units and resume some of its operations in Myanmar.

Bangkok Post

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French companies must implement sanctions against Russia - govt spokesman

French government spokesman Gabriel Attal said on Tuesday it was paramount that French companies respect sanctions against Russia decided by the European Union and that oil giant TotalEnergies was doing that.

Reuters

French NGOs threaten court action unless TotalEnergies leaves Russia

Two leading French NGOs plan to take legal action against TotalEnergies over possible human rights abuses unless it cuts its business ties with Russia following the country's invasion of Ukraine, they said in a letter to the energy major's CEO.

Reuters

PTTEP to operate Myanmar gas field after TotalEnergies exit

Thai oil and gas giant PTT Exploration and Production Plc said on Monday it would take over operations of the Yadana gas field in Myanmar from July following the exit of France's TotalEnergies.

Bangkok Post

BofA Names Top 5 European Energy Stocks To Buy During Oil Shock

There seems to be more runway for big oils and the geopolitical disruption scenarios seem underpriced, according to BofA Securities. The European Oil & Gas Outlook: Analyst Christopher Kuplent named Shell and TotalEnergies as the Big Oil top picks and changed the target prices for:

Benzinga

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Fund managers ditch Russian assets, global stocks slide, bitcoin rises after latest sanctions – as it happened

European stocks slide further while Moscow stock exchange remains closed for second day; rouble steadies and Brent crude rises above $100 a barrel

The Guardian - UK

2 Surging Oil & Gas Stocks With at Least 4% Dividend Yield

Oil prices have been rallying due to a supply shortage, raging inflation, and geopolitical tensions. And OPEC+ missing its production targets could lead to more price volatility. Hence, we think high-yield dividend-paying oil and gas stocks TotalEnergies (TTE) and Valero Energy (VLO) might be solid bets in this scenario. Let’s…

StockNews.com

Bilfinger UK set to create 300 new job following TotalEnergies contract

The contract will start in March and will involve 270 days working on the installations

Insider UK

Thailand seeks control of Myanmar gas project

PTT Pcl, Thailand's state-controlled energy company, is bidding to take control of Myanmar's Yadana gas field after TotalEnergies SE and Chevron Corp exited the country to protest against the junta's continued violence against civilians since the military coup.

Bangkok Post

French company TotalEnergies bounces back to massive profits after Covid slump

French energy giant TotalEnergies on Thursday posted a whopping €14 billion profit for 2021, thanks to soaring oil and gas prices, helping them bounce back from 2020 pandemic losses.

Radio France Internationale

PTTEP seen taking over big Myanmar gas field as majors exit

PTT Exploration and Production Plc (PTTEP) looks set to take over Myanmar's biggest gas field, as TotalEnergies and Chevron Corp exit in the wake of last year's coup in the Southeast Asian state, analysts say.

Bangkok Post

Impact of oil firms' exit from Myanmar limited

The exit of the energy giants 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.

Bangkok Post

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The Guardian - UK

Chevron and Total withdraw from Myanmar gas project

French energy firm cites worsening human rights for decision in victory for campaigners

Radio France Internationale

French power giant TotalEnergies to pull out of Myanmar over human rights abuses

TotalEnergies, one of the world's largest energy conglomerates, says it is stopping its operations in Myanmar, citing "worsening" human rights abuses since last year's coup. The announcement, on Friday, was quickly followed by a similar promise from US energy giant Chevron.

Bangkok Post

Two oil majors to exit Myanmar

The oil majors TotalEnergies and Chevron Corp, partners in a major gas project in Myanmar, have decided to withdraw from the country, they said on Friday, citing the worsening humanitarian situation following last year’s coup.

The Independent UK

Chevron, Total exit Myanmar over deteriorating conditions

TotalEnergies, one of the world’s largest energy conglomerates, says it's stopping all operations in Myanmar, citing rampant human rights abuses and deteriorating rule of law since the country’s military overthrew the government

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Bangkok Post

French energy giant withdraws from Myanmar

PARIS: French energy group TotalEnergies has decided to withdraw from Myanmar because of the civil unrest there, it said on Friday, becoming the latest western company to pull out of the country since last year's coup.

The Independent UK

French energy giant Total joins push for Myanmar sanctions

French energy conglomerate TotalEnergies has asked the American and French governments to support targeted sanctions against Myanmar’s oil and gas funds

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