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TotalEnergies Profit Jumps More Than Expected

TotalEnergies Profit Jumps More Than Expected
Thursday October 28, 2021 - While an energy supply crunch is wreaking havoc on Europe's economy, it's lifting the earnings of major producers to multiyear highs.
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Industry Headlines

Exxon’s Liza Unity FPSO Arrives In Guyana Share your comments
Thursday, October 28, 2021ExxonMobil’s Liza Unity FPSO vessel has arrived at the Stabroek Block offshore Guyana.

Seadrill's Reorganization Plan Approved, Bankruptcy Exit On Horizon Share your comments
Thursday, October 28, 2021Seadrill has been given the OK for its reorganization plan from the U.S. Bankruptcy Court and is now on track to exit bankruptcy.

OGA Updates on $1MM+ Decarbonization Competition Share your comments
Thursday, October 28, 2021Winners to be awarded a share of the fund are scheduled to be announced in early December.

Oil Drops On Iran and EU Announcement Share your comments
Wednesday, October 27, 2021Oil futures dropped Wednesday as Iran announced agreement to resume negotiations with EU and U.S. oil inventories rose.

Exxon Supports Global Methane Reduction Pledge Share your comments
Wednesday, October 27, 2021ExxonMobil has decided to support an initiative to reduce methane emissions by 30 percent below 2020 levels by 2030.

DOE Sets Up $Multimillion Direct Air Capture Fund Share your comments
Wednesday, October 27, 2021This funding opportunity announcement will facilitate engineering studies of advanced DAC systems capable of removing 5,000 tons of CO2 per year from the air.

ADNOC in Landmark Clean Energy Partnership Share your comments
Wednesday, October 27, 2021The collaboration is said to be the largest of its kind in the oil and gas industry.

OGA Opens Investigation into North Sea Sale Share your comments
Wednesday, October 27, 2021The OGA outlined that the investigation was taking place amid concerns it is not progressing as quickly as expected.

ADC Energy Solution To Reduce Carbon Emissions On Offshore Rigs Share your comments
Wednesday, October 27, 2021ADC Energy has revealed an upgrade to power systems for DP rigs which can reduce carbon emissions.

Saudi Arabia Commits To Reaching Net-Zero By 2060 Share your comments
Wednesday, October 27, 2021Saudi Arabia has revealed its intent to reach net-zero greenhouse gas emissions by 2060.


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Most Popular Articles

Exploration

ExxonMobil Takes Valaris Drillship Out Of Lay-Up For Angola Ops Share your comments
Wednesday, October 27, 2021Valaris has been awarded a two-year deal for a drillship by ExxonMobil offshore Angola.

Transocean Issues Latest Fleet Status Report Share your comments
Tuesday, October 26, 2021As of October 25, Transocean's total backlog is approximately $7.1 billion, the company's latest quarterly fleet status report points out.

Neptune Energy Starts Final Drilling On Fenja Project Share your comments
Tuesday, October 26, 2021Neptune Energy has begun the drilling of four production wells on the Fenja field in the Norwegian Sea.

QatarEnergy Farms Into ExxonMobil's Block Offshore Canada Share your comments
Tuesday, October 26, 2021QatarEnergy has signed a farm-in agreement with ExxonMobil for an exploration license offshore Canada.

Lundin Spins Drill Bit And Finds Only Dust Share your comments
Monday, October 25, 2021Lundin Energy is wrapping up the drilling of a wildcat well southeast of the Johan Sverdrup field in the North Sea after no hydrocarbons were found.

Valaris Drillship Coming Out Of Lay-Up For Petrobras Share your comments
Wednesday, October 20, 2021Offshore driller Valaris has been awarded a contract for a stacked drillship by Petrobras.


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Production

PetroRio Extends Cluster’s Life With Production Start From New Well Share your comments
Thursday, October 28, 2021PetroRio started production from one more well on the Tubarão Martelo field off Brazil in an attempt to extend the life of the cluster.

Repsol Brings Yme Online Share your comments
Wednesday, October 27, 2021The company said the achievement of first oil was a true testament to the lean operations of the Yme New Development project.

Equinor Boosts Gas Exports Share your comments
Wednesday, October 27, 2021The Norwegian giant has halted the re-injection of gas that had been used to boost oil output at the Gina Krog field, and will export the fuel instead.

Saudi to Use $110B Gas Field for Blue Hydrogen Share your comments
Monday, October 25, 2021A large portion of gas from the $110 billion Jafurah development will be used for blue hydrogen.

Shell Starts Production From Arran Gas Field Share your comments
Thursday, October 21, 2021Shell started production from the Arran gas and condensate field in the UK North Sea, one of the fields linked to the Shearwater hub.

BW Energy Starts Production From Tortue Phase 2 Off Gabon Share your comments
Wednesday, October 20, 2021BW Energy has started production from the Tortue Phase 2 field development in the Dussafu Marin license offshore Gabon.


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Finance and Investing

TotalEnergies Profit Jumps More Than Expected Share your comments
Thursday, October 28, 2021While an energy supply crunch is wreaking havoc on Europe's economy, it's lifting the earnings of major producers to multiyear highs.

Bolsonaro Publicly Floats Privatization of Petrobras Share your comments
Tuesday, October 26, 2021While shares have rallied on the news, it won't be easy.

Big Oil About to Post Highest Cash Flow in 13+ Years Share your comments
Tuesday, October 26, 2021The five supermajors will report about $29 billion in free cash flow combined in the third quarter, according to analysts' estimates compiled by Bloomberg.

Schlumberger Sees $Multibillion Global Revenue in 3Q Share your comments
Monday, October 25, 2021Schlumberger's net income for 3Q came in at $550 million.

Gen Z Texas Oil Scion Has a New SPAC Share your comments
Thursday, October 14, 2021The special purpose acquisition company sold 12.5 million units at $10 apiece in its U.S. initial public offering.

NatWest To Provide $137B For Climate And Sustainable Funding Share your comments
Thursday, October 14, 2021NatWest has set a target of providing $137 billion of sustainable and climate funding for its customers by the end of 2025.


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Company Operations

Subsea 7 Bags Very Large Petrobras Award Share your comments
Tuesday, October 26, 2021The deals, which will be recorded in backlog in the fourth quarter, have a combined value of between $500 million and $750 million.

Aramco Announces Net Zero Aim Share your comments
Monday, October 25, 2021Aramco highlighted that its announcement complements the Kingdom of Saudi Arabia's aim to reach net zero emissions by 2060.

Rosneft Sells Stake in Vostok Oil Share your comments
Wednesday, October 20, 2021The deal was approved at a meeting of the Rosneft Board of Directors.

Total Opens UK Offshore Wind Hub Share your comments
Monday, October 18, 2021The center will utilize the offshore expertise that TotalEnergies has built in Aberdeen, Scotland, over the last 50 years.

Louisiana Announces $4.5B Clean Energy Complex Share your comments
Monday, October 18, 2021Air Products will build, own and operate the megaproject.

Shell Announces New Directors Share your comments
Monday, October 18, 2021The new appointments will be effective on October 25.


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