Middle East Conflict Halts 15% of TotalEnergies Oil and Gas Production
TotalEnergies, a prominent international energy company, has reported a substantial operational and financial hit, with 15% of its global oil and gas production and 10% of its upstream cash flow being halted. This significant disruption is a direct consequence of the escalating Middle East conflict, highlighting the profound impact of geopolitical instability on even the largest energy supermajors' worldwide operations.
OilPrice.com · March 13, 2026
US scoops up nearly $47M in high bids for second Gulf of America oil & gas lease sale
The U.S. Bureau of Ocean Energy Management recently concluded the second of thirty mandated lease sales in the U.S. Gulf of Mexico, attracting nearly $47 million in high bids from major international and independent oil companies. This event, part of the 'One Big Beautiful Bill Act,' underscores the ongoing strategic commitment by industry players to conventional offshore hydrocarbon development in established basins.
Offshore Energy · March 13, 2026