TotalEnergies

Major Progress in Mozambique's LNG Project: TotalEnergies Eyes $4.7 Billion Financing Decision

2 months ago

In a significant development for the liquefied natural gas (LNG) sector, TotalEnergies is on the verge of making a crucial decision regarding a $4.7 billion loan dedicated to its Mozambique LNG project. As the company anticipates approval, the financing is poised to play a pivotal role in the realization of this ambitious endeavor, which has faced numerous challenges since its inception.

Mercuria Bolsters Crude Trading Team with Key Hires from TotalEnergies

2 months ago

In a strategic move to enhance its market position, Mercuria Energy Group Ltd. has made headlines by hiring two experienced crude oil traders from the trading arm of TotalEnergies. This significant recruitment aims to fortify Mercuria’s capabilities amid a rapidly evolving energy sector, where agility and expertise are crucial for success.

Oil Giants Win Key Arbitration Decisions in Kashagan Oil Field Dispute

2 months ago

In a recent turning point for major oil companies involved in Kazakhstan’s supergiant Kashagan oil field, favorable arbitration rulings have been passed down, reinforcing the interests of the investors in the ongoing dispute with the Kazakh government. This crucial development underscores the ongoing tensions between oil companies looking to maximize profits and governments seeking to assert control over their valuable natural resources.

Oil Majors Restart Talks with Kazakh State on $5 Billion Kashagan Sulfur Fine

8 months ago

In a move that many have anticipated, big oil companies have restarted negotiations with Kazakhstan over a disputed $5 billion fine levied against them for the flaring of sulfur at the gigantic Kashagan oil field. Such renegotiation will have potential implications for the big players in the oil industry and for environmental laws affecting the region.