The Trump administration is weighing a $1 billion payout to compensate TotalEnergies for canceled offshore wind leases, reports suggest, making what would be one of the clearest financial unwindings of Biden’s clean energy policy. According to a New York Times report cited by Reuters on Tuesday, U.S

Offshore Technology • Mar 17

Eni discovers more than 1tcf of gas near Libya’s Bahr Essalam field

Italian energy company Eni has announced two gas discoveries located in Libyan waters, estimated to total over 1 trillion cubic feet (tcf), as part of its recent exploration activities.

OilPrice • Mar 16

TotalEnergies Finalizes Plan for Azeri Absheron Field's Second Phase

TotalEnergies expects first gas from the expansion of its Absheron gas and condensate field in Azerbaijan to flow in September 2029, the French supermajor said in an environmental impact assessment of the project’s expansion to phase two. The Absheron Full Field Development Project envisages that t

Offshore Energy • Mar 16

Middle East conflict affects around 15% of TotalEnergies’ total output

France-headquartered energy giant TotalEnergies has provided insight into the impact the ongoing conflict between the U.S.-Israel alliance and Iran is having on its activities, highlighting its expectations of being able to offset the loss caused by the production halt in the Middle East with higher

Offshore Technology • Mar 16

TotalEnergies reduces output by 15% amidst Middle East conflict

TotalEnergies has announced a halt or impending shutdown of its production activities in Qatar, Iraq, and offshore operations in the UAE, which together constitute roughly 15% of the company's total output.

Rigzone • Mar 16

TotalEnergies Plays Down War Impact on Operations

TotalEnergies said it was suspending production in Qatar, Iraq and the Emirati offshore but assured growth elsewhere and a surge in oil prices cushion the company from the Middle East war.

LNG Prime • Mar 16

TotalEnergies sees limited impact on LNG trading activities after Qatar shutdown

French energy giant TotalEnergies said that the impact of liquefied natural gas production shutdowns in Qatar on its LNG trading activities is limited.

OilPrice.com • Mar 13

Middle East Conflict Halts 15% of TotalEnergies Oil and Gas Production

The war in the Middle East has effectively shut in 15% of TotalEnergies’ global oil and gas output, while the now-offline barrels account for about 10% of the supermajor’s upstream cash flow. Following requests from shareholders and to answer the question about the status of TotalEnergies’ exposu...

Offshore Technology • Mar 13