Downstream props up TotalEnergies’ profit machine
The French supermajor said it expected to pay $400 million under the UK Energy Profits Levy (EPL) in the fourth quarter, bringing the full-year impact of the windfall tax to an expected $1bn.
Novatek
Russian gas giant Novatek to delist in London
Novatek (LON: NVTK), Russia’s second largest gas producer, has announced plans to delist from the London Stock Exchange (LSE).
TotalEnergies takes $3.7bn hit over stake in Russia’s Novatek
French oil giant TotalEnergies (XPAR: TTE) will take a $3.7bn impairment in its Q4 results as it writes down its stake in Russian gas producer Novatek and withdraws directors.
Novatek dodges bond default through shift to ruble payments
Novatek noteholders have agreed to change the terms of a $1 billion Eurobond, letting the Russian company pay in rubles instead of US dollars.
Novatek eyes exporting LNG to Vietnam
Russia’s Novatek is considering exporting liquefied natural gas (LNG) to Vietnam for existing and future power plants, said the Russian gas company's CEO, Leonid Mikhelson.
TotalEnergies’ Russian LNG impairment keeps on rising
TotalEnergies has increased its Russia impairment by another $3.056 billion over challenges in its LNG plans.
TotalEnergies denies supplying fuel for Russian fighter jets
TotalEnergies has denied a role in fuelling Russian fighter jets in their attacks in Ukraine, in response to allegations published today by France’s Le Monde.
Uniper takes big hit with eyes on gas storage prize
Uniper has warned a “significant earnings decline” for the first quarter as it shifts its strategy to releasing gas later in the year.
EU sanctions may stall work on Russian LNG project, Technip says
Technip Energies may have to considerably slow construction for Novatek PJSC’s Arctic LNG 2 project because of the latest European Union sanctions against Russia for invading Ukraine.
Activists blockade tanker outside Esso terminal in Norway in Russian oil protest
Activists from Greenpeace Nordic blocked a tanker moored in Norway, with the intention of preventing it from offloading Russian oil products at an Esso-owned terminal.
Mozambique pre-qualifies 12 companies for 6th bid round
Instituto Nacional de Petroleo (INP) has approved 12 of the 13 companies for pre-qualification in its sixth licence round.
Mozambique names sixth bid round competitors
Mozambique has closed the pre-qualification section of its sixth bidding round with 13 companies submitting documents.
TotalEnergies to suspend Russian work
TotalEnergies (LON:TTE) has denied charges of complicity in war crimes and signalled its determination for a “gradual suspension” of its work in Russia.
NGOs threaten legal challenge to TotalEnergies over Russia business
Greenpeace France and Amis de la Terre have warned of legal action against TotalEnergies based on its continued activity in Russia.
France seizes head of Rosneft’s yacht
French customs agents have seized the Amore Vero yacht, belonging to Rosneft CEO Igor Sechin.
‘Toothless, useless’: TotalEnergies slammed by former Shell Ukraine boss
The former deputy country chair of Shell Ukraine has hit out at TotalEnergies over its “toothless, useless and highly disappointing" position on Russia's invasion.
TotalEnergies pulls capital for ‘new projects’ in Russia
TotalEnergies has said it condemns Russia for its “military aggression against Ukraine” and will not provide capital for new projects in Russia.
Updated: Eyes on TotalEnergies as Shell confirms Russian exit
Energy majors continue to offload interests in Russia, with a series of divestment announcements by the likes of Shell, BP and Equinor.
Ukraine crisis unlikely to have a ‘material impact’ on BP or TotalEnergies
Researchers don’t expect the ongoing conflict between Russia and Ukraine to dent the flow of cash to BP (LON: BP) or TotalEnergies (PAR: TTE).
BP and other North Sea players keeping tabs on UK sanctions against Russia
BP, Wintershall DEA and IOG are among the North Sea firms which are monitoring UK Government sanctions against Russia, and could be impacted as tensions escalate.
Novatek goes green at Vysotsk LNG facility
Russian gas independent Novatek has struck a deal to secure renewable energy supplies for its Cryogas-Vysotsk LNG plant.
Russia’s Novatek eyes foothold in Vietnam LNG market following pact
Russian LNG exporter Novatek has signed a cooperation agreement with Vietnam's PetroVietnam on developing potential liquefied natural gas (LNG) and power projects in the southeast Asian country.
US arrests Novatek CFO on tax evasion charges
Novatek shares dropped the most in about 16 months after the arrest of Deputy Chief Executive Officer Mark Gyetvay on tax charges in the US.
India energy firms discuss buying Arctic LNG 2 stake
India’s top energy companies, Petronet LNG Ltd. and ONGC Videsh Ltd., are having discussions about buying a stake in Russia’s planned liquefied natural gas project Arctic LNG 2, as their government seeks to secure supplies of the cleaner burning fuel.
Wison completes first Arctic LNG 2 module
Wison Offshore & Marine has produced the first train module for the Arctic LNG 2 project, weighing nearly 50,000 tonnnes.