TotalEnergies

Eni said Wednesday that drilling to appraise a third natural gas discovery in waters off Cyprus shows the commitment of the Italian energy company and its French partner TotalEnergies to swiftly develop the deposit and bolster energy supply to Europe.

France's TotalEnergies is exploring a sale of a 50% stake of a portfolio of renewable projects in Europe and the US, including Greece,according to two people familiar with the matter.

The French energy group is sounding out advisers for a sale of a stake in wind and solar power assets across the US, Spain, Portugal, France and Greece, the sources said.

Saudi Aramco and France's TotalEnergies have signed contracts to start building an $11-billion petrochemicals facility in the Gulf kingdom, the two companies said.

A signing ceremony for the engineering, procurement and construction contracts for the Amiral complex took place at Aramco's headquarters in Dhahran, in Saudi Arabia's Eastern Province.

Consumers should start cutting back on their energy use immediately, the bosses of France's three big energy companies urged Sunday, warning of social tensions next winter unless reserves are replenished.

Japanese energy conglomerate ENEOS Holdings said yesterday it will withdraw from a gas project in coup-hit Myanmar, days after its Thai and Malaysian partners announced they would pull out.

Russia has sold fossil fuels worth 46.6 billion euros to European Union countries since the start of the war in Ukraine on February 24 this year, according to the Finnish-based Center for Energy and Clean Water Research (CREA). In fact, since the start of hostilities, despite talks about a possible energy embargo, Russia's revenue from selling them has doubled.

And officially TotalEnergies announced its withdrawal from the hydrocarbon investigations in the two maritime concessions of Crete it had leased three years ago as head of the joint venture with ExxonMobil and Hellenic Petroleum.

British oil giants Shell and BP, U.S, firm ExxonMobil and France's TotalEnergies announced last week 2021 profits totalling a whopping $66.7 billion.

It marked a huge turnaround from 2020, when they posted losses as the pandemic emerged, prompting lockdowns that brought the world economy to a grinding halt and caused crude prices to collapse.

French energy giant TotalEnergies said yesterday it has rebounded from the COVID-19 crisis with a huge 2021 profit as oil and gas prices soared.

The company reported net profit of $16 billion (14 billion euros) - the highest in at least 15 years - following a historic $7.2-billion loss in 2020, when oil prices crashed.