TotalEnergies SE holds a total stake of 19.75% in Adani Green Energy through Totalenergies Solar Wind Indian Ocean Ltd (3.55%) and Totalenergies Renewables Indian Ocean Ltd (16.20%).
Read more at:
https://economictimes.indiatimes.com/markets/stocks/news/totalenergies-says-it-will-make-no-new-financial-contribution-to-adani-group-investments/articleshow/115655768.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Australia-listed Matrix Composites & Engineering has secured a new buoyancy contract with Subsea7 to supply a subsea umbilicals, risers and flowlines (SURF) product for a mystery international project.
TotalEnergies, which is a partner of India’s Adani group in renewable energy projects, will not make any new financial contribution as part of its investments in the group of companies until the ongoing U.S. investigations into Adani executives for corruption are clarified, the French supermajor said on Monday.
“It seems the news of a ceasefire between Israel and Lebanon is behind the price drop, though no supply has been disrupted due to the conflict between the two countries and the risk premium in oil has been low already before the latest price decline,” said Giovanni Staunovo of UBS.
Global oil demand continues to surprise on the upside, BP Plc (NYSE:BP) Chief Executive Murray Auchincloss told the Energy Intelligence forum in London on Monday, saying that oil demand kept rising on average by more or less 1% each year, with BP predicting robust oil consumption for the next 5-10 years.
OPEC will likely remain committed to production curbs for yet another month, the energy minister of Azerbaijan told Reuters ahead of the group’s Sunday meeting.
“OPEC+ could or couldn’t discuss oil output rollover at its next meeting. It is difficult to prejudge,” Parviz Shahbazov told the publication.
OPEC has been under pressure from the market to stick to its production cuts because of depressed prices, with any decision to reverse any part of the cuts seen as extra-bearish for the commodity. Indeed, even news reports about the possibility of a rollback have pressured prices substantially, even if the reports were not followed by the respective OPEC decision.
President-elect Donald Trump said on social media Monday he would slap import tariffs on products from China but also Mexico and Canada, sending shockwaves across the Canadian economy. Crude oil is the top Canadian export to the United States and any tariffs would interfere with flows and revenues. In posts on his platform Truth Social, Trump said […]
Specialist provider of offshore support services, Interocean Marine Services (Interocean) has been awarded a four-year extension to its frame agreement with multinational power company, Vattenfall.
Blackstone’s investment comes as utilities are bracing for the largest increase in power use in a generation thanks to artificial intelligence and data centers. They expect a significant portion of that electricity will be generated with natural gas.
Western nations and their allies have imposed several rounds of sanctions against the Russian oil industry, aiming to curtail the flow of petrodollars into the Kremlin’s coffers and, with it, funding for the war in Ukraine.