Shell expects refineries to almost double the profit from every barrel of fuel made Record prices caused by global shortages amid shutdown of war-damaged refineries in Middle East and Russia The Guardian - UK · 13h ago
New critique of offshore wind clawbacks: Taxpayers lose out The Trump administration’s buyouts of offshore wind leaseholders to stifle the nascent clean energy projects have drawn plenty of criticism from Democrats and environmental groups. Now comes a new argument from a nonpartisan watchdog group: Taxpayers are taking it on the chin from the controversial lease deals — which cost… Roll Call · Sep 30
TotalEnergies raises buybacks and pledges higher dividends as oil trades around $100 TotalEnergies will buy back $2.5 billion (€2.2bn) of its own shares in the fourth quarter, up from $1.5 billion (€1.3bn) authorised for the third, and raise its dividend by more than 5% a year through 2030, as high oil prices boost the French energy giant’s earnings. Euronews · Sep 28
Why Peugeot is confident its 2027 evo update can address long-standing hypercar issues Early running with the 2027 car, including a 24-hour test, has given Peugeot confidence that it is heading in the right direction Motorsport · Sep 24
Bitcoin Quietly Plants a Flag in an Unexpected South American Nation Suriname as Oil Money Starts To Flow Suriname's grassroots Bitcoin networks predate new VASP rules as TotalEnergies builds a $10.5B oil project ahead of first production in 2028 International Business Times UK · Sep 23
What Venezuela's Total Energies Deal Actually Promises — And What It Leaves Out TotalEnergies signed a Venezuela oil pact with no field, no funding figure and no start date. Here's what's confirmed — and what's still missing. Latin Times · Sep 21
French fishermen renew protest as France boosts aid over soaring fuel prices French fishermen renewed protests over rising fuel costs on Thursday despite the government increasing subsidies for the sector and extending support for farmers and construction companies. Diesel prices are nearing a record high, fuelling wider concern over the cost of living and calls for protests reminiscent of the Yellow Vest… Radio France Internationale · Sep 17
France: TotalEnergies cut-price fuel spikes controversy among rivals TotalEnergies service stations are accused of distorting competition as they display France's lowest-priced fuel. Supermarkets that usually sell fuel as a loss leader to pull in customers are furious, along with independent service stations. Euronews · Sep 16
Rivals cry foul as French oil giant TotalEnergies keeps gas prices capped below national average French motorists are flocking to gas stations operated by TotalEnergies, where gasoline prices are capped, but its rivals are accusing the oil giant of unfair competition with the government's support. France 24 · Sep 16
Egypt, Greece and Cyprus back plans to bring Cypriot gas to Europe Cyprus’ Cronos gas is expected to reach European markets via Egypt from 2028, with Greece offering an onward route into southeastern and central Europe. The three countries renewed their backing for the plan at their El Alamein summit. Euronews · Sep 9
Santos to increase stake in huge $20b PNG gas project Santos is paying $262 million to acquire greater ownership in the Papua LNG gas project as a final decision looms on whether it will proceed. AAP · Sep 8
Uganda names its crude oil blend 'Pearl Sweet' ahead of commercial production Ugandan authorities have named the country's prospective crude oil blend "Pearl Sweet," marking a milestone as Uganda prepares for commercial production by the end of the year The Independent UK · Sep 3
Ensuring a Supertanker Goes Through The Strait Of Hormuz Now Costs Tens Of Millions, Total CEO Says The U.S. military said it has helped the transport of over 660 million barrels of oil through the Strait of Hormuz despite Iran's blockade over the past months. International Business Times · Aug 24
$20 million: The cost of shipping oil through Strait of Hormuz, TotalEnergies CEO says Shipping oil cargoes via the Strait of Hormuz costs approximately twenty million dollars. This significant freight expense creates wide margins for traders and shipowners. Producers are selling oil at lower prices, seeking market access after recent conflicts. Global oil prices remain below one hundred dollars due to these consistent shipments.… The Economic Times · Aug 24
The Economic Times · Aug 24 Exxon, Lyondell among suitors for Shell's US chemical assets, could fetch $8 billion, FT reports Shell is reportedly seeking to sell its U.S. chemical assets for up to eight billion dollars. Several major companies and a private equity firm have expressed interest in these facilities. Potential buyers submitted non-binding offers last month for the entire business or parts. This divestment aligns with Shell's strategy to…
AAP · Aug 19 Decision on $20b Papua LNG project due by year-end Santos and its partners have targeted a fourth-quarter decision on a massive gas project in Papua New Guinea that would be the country's second.
The Economic Times · Aug 10 $48 billion profit! 5 global oil majors cash in on oil surge amid Iran war. Where is money flowing? Five global oil majors — Exxon Mobil, Chevron, BP, Shell and TotalEnergies — posted a combined $48 billion profit in Q2, benefiting from oil prices surging above $100 a barrel amid US-Iran hostilities. Their combined cash generation hit a record $90 billion, surpassing levels seen after Russia’s 2022 invasion of…
Euronews · Aug 6 Trump administration to pay €1.06 billion to cancel RWE offshore wind leases US President Donald Trump, long a critic of wind energy, has repeatedly dismissed wind turbines as unsightly and has labelled them an "economic and environmental disaster."
The Guardian - US · Aug 6 Trump administration to pay German firm $1.22bn to cut offshore wind leases Agreement with RWE is fifth deal Trump team has made with energy companies, offering payouts to give up projects
The Independent UK · Aug 4 BP profit doubles to $5.7bn as war between US and Iran drives up oil prices The five majors, BP, Shell, ExxonMobil, Chevron and TotalEnergies, together made about $46bn between April and June
Euronews · Aug 4 TotalEnergies to buy Shell's wind and solar businesses in Europe French energy giant TotalEnergies said that it had signed a deal with Shell to buy its European onshore renewable energy businesses for an undisclosed amount.
Evening Standard · Aug 3 Shell to sell European onshore renewables business to TotalEnergies The FTSE 100 energy giant said the deal will include assets in the UK, Italy, the Netherlands and Spain.
The Economic Times · Aug 3 Iran war ushers in oil refining golden era. It won't last War-driven supply disruptions have turned oil refining into Big Oil's biggest profit engine, but Reuters columnist Ron Bousso says the windfall may prove temporary as capacity returns and energy transition pressures re-emerge.
Cycling News · Jul 29 Tour de l'Ain: Markel Beloki takes second straight stage win for EF Education-EasyPost in Lagnieu Spaniard moves into race lead as Col de Portes shatters peloton
The Conversation · Jul 28 French climate lawsuit offers a window into the next round of the global legal fight A recent decision by a French court requires a major European oil and gas company to report not only its own climate-warming emissions and those of its contractors but also those of its customers, who burn the oil and petroleum products the company sells.