Totalenergies Share Discussion Threads

[waldron] 30/3/2022 06:16

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) is publishing a new tax transparency report designed to provide its stakeholders with a better understanding of the Company's tax position, with detailed information on the taxes paid in its main countries of operation.



"TotalEnergies has developed a responsible tax approach, based on clear principles of conduct and rigorous governance rules. The Company believes that transparency is an essential factor in building a trust-based relationship with its stakeholders. This report is a further step in that direction," declared Jean-Pierre Sbraire, Chief Financial Officer of TotalEnergies.



Already, since 2015, TotalEnergies has published in its Universal Registration Document an annual report covering the payments made by its extractive affiliates to governments and the full list of its consolidated entities, together with their countries of incorporation and operation.



With this new report, TotalEnergies is releasing detailed country-by-country information on its tax position and operations in the EU Member States and in the non-cooperative jurisdictions, two years ahead of the entry into force of the European directive mandating this publication. TotalEnergies is going a step further and publishing the same information for all the countries where it conducts extractive activities.



The report relates to the years 2019 and 2020. It will be updated every year.

[sarkasm] 28/3/2022 11:12

TOTALENERGIES SE: Annual Financial Report
28/03/2022 7:00am
UK Regulatory (RNS & others)

TIDMTTE



The Document d'enregistrement universel of TotalEnergies SE (Paris:TTE) (LSE:TTE) (NYSE:TTE) for the year 2021 was filed with the French Financial Markets Authority (Autorité des marchés financiers) on March 25, 2022.

It can be consulted and downloaded from the Company's website (totalenergies.com, under the heading Investors / Publications and regulated information / Reports and Publications). The English translation of the Document d'enregistrement universel (Universal Registration Document) is also available on the Company's website under the same heading.



The following documents are included in the Document d'enregistrement universel:

-- the 2021 annual financial report,

-- the Board of Directors' report on corporate governance required under
Article L. 225-37 of the French Commercial Code,

-- the description of the share buy-back program,

-- the report on the payments made to governments required under Article L.
22-10-37 of the French Commercial Code,

-- the reports from the statutory auditors.


TotalEnergies SE's Form 20-F for the year ended December 31, 2021 was filed with the United States Securities and Exchange Commission (SEC) on March 25, 2022. It can be consulted and downloaded from the Company's website (totalenergies.com, under the heading Investors / Publications and regulated information / Reports and Publications) or from the SEC's website (sec.gov).



Printed copies of the Document d'enregistrement universel, Universal Registration Document and Form 20-F are available free of charge at the Company's registered office at 2, place Jean Millier, La Défense 6, 92400 Courbevoie, France.



About TotalEnergies



TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.

[the grumpy old men] 27/3/2022 20:50

Adani Total Gas Ltd, a joint venture of Adani group and French energy giant TotalEnergies SE, has forayed into the electric mobility infrastructure sector by launching its first EV charging station in Ahmedabad.

The charging station is located at ATGL's CNG station at Maninagar in Ahmedabad, the company said in a statement.

The electric vehicle (EV) charging station "will enable quick turnaround time for EV owners with best-in-class fast charging technology and convenient use digital platforms," it said.

ATGL is India's largest private CNG and piped cooking gas distributor.

"The commencement of EV business with setting up the first charging station in Ahmedabad is yet another milestone for Adani Total Gas to provide choice of newer green fuel to the larger consumer base in India while timely ceasing an emerging business opportunity aligned to our vision to offer sustainable fuelling solutions on across all major cities and towns in India," said Suresh P Manglani, CEO of Adani Total Gas (ATGL).

The company aims to expand its network by setting up 1,500 EV charging stations across the country, and has kept an expansion plan ready to move beyond 1,500 EVCS, based on the demand generation and momentum building of the EV ecosystem in the country.

The company said it has the strategic fit to venture into electric mobility and capture a significant share of the rapidly growing EV market.

ATGL also draws its strength from the Adani Group's inherent capacity to generate renewable power, and can further leverage group level synergies for sourcing green power.

The global experience of TotalEnergies SE in the EV infrastructure space is another factor that adds competitive edge to ATGL's vision as it eyes market leadership in the space, ATGL said.

The firm has the authorisation to retail CNG to automobiles and piped natural gas to household kitchens in 19 geographical areas.

[waldron] 27/3/2022 14:21

Exxon Weighs Taking Bitcoin Pilot to More Countries
by Bloomberg
|
Naureen S. Malik
|
Sunday, March 27, 2022

North Dakota, Colorado and Wyoming are among the first places to use crypto mining to slash methane emissions.

Exxon Mobil Corp. is running a pilot program using excess natural gas that would otherwise be burned off from North Dakota oil wells to power cryptocurrency-mining operations and is considering doing the same at other sites around the globe, according to people familiar with the matter.

The oil giant has an agreement with Crusoe Energy Systems Inc. to take gas from an oil well pad in the Bakken shale basin to power mobile generators used to run Bitcoin mining servers on site, said the people, who asked to not be named because the information isn’t public. The pilot project, which launched in January 2021 and expanded in July, uses up 18 million cubic feet of gas per month that would have otherwise been burned off -- or flared -- because there aren’t enough pipelines.

Exxon, the largest U.S. oil producer, is considering similar pilots in Alaska, the Qua Iboe Terminal in Nigeria, Argentina’s Vaca Muerta shale field, Guyana and Germany, one of the people said.

“We continuously evaluate emerging technologies aimed at reducing flaring volumes across our operations,” and Exxon expects to meet the World Bank’s call to end routine flaring by 2030, spokeswoman Sarah Nordin said in an email. She declined to comment on “rumors and speculations regarding the pilot project.”

Crusoe declined to comment.

Oil and gas producers are increasingly under pressure from regulators and investors to reduce their carbon footprint to help combat climate change. That includes reducing the amount of gas they flare. At the same time, there is a rush of miners trying to use cheap gas in oil producing fields to fuel their operations. The gas is still burned, releasing carbon dioxide into the atmosphere, but the energy is put to use instead of simply being wasted.

Last month, ConocoPhillips said that has been supplying gas from the Bakken shale in North Dakota to a Bitcoin mining firm for the first time.

Shale oil produces so much excess gas that it ends up being vented into the air or burned off. Natural gas is comprised mostly of methane, a global warming agent that is more than 80 times more powerful than carbon dioxide during its first two decades in the atmosphere. North Dakota, Colorado and Wyoming are among the first places to use crypto mining to slash methane emissions.

Crusoe Energy, backed by Bain Capital, the Winklevoss brothers and Tesla Inc.’s first institutional investor Valor Equity Partners, has 20 portable engines permitted in North Dakota, of which 11 have operated, according to the North Dakota Department of Environmental Quality. The start-up has similar projects in place for Equinor ASA and Devon Energy Corp., according to the state records and a Crusoe statement last spring.

The push by crypto miners into North Dakota’s oil fields may only be beginning, said Craig Thorstenson, manager of the permitting program at the state’s Division of Air Quality. He estimated that about 90% of the gas produced in the state makes its way into pipelines to be used at power plants and elsewhere. The rest goes to waste.

Danielle Fugere, president of As You Sow, an environmental shareholder-activist group, that said it’s a positive step for Exxon to find a use for gas that would otherwise be burned off into the atmosphere. “It is creating use of what would be otherwise wasted,” she said.

But it would be better if the company worked more aggressively to transition away from fossil fuels, Fugere said.

[adrian j boris] 27/3/2022 07:37

Ukraine-Russia crisis is driving countries to explore new ways of pricing oil, Qatar says


Published Sat, Mar 26 20227:09 AM EDT

Updated Sat, Mar 26 20229:30 AM EDT

thumbnail
Katrina Bishop
@KatrinaBishop

Key Points

Qatar’s foreign minister has told CNBC that some countries were considering a “parallel system” of pricing oil, as the economic impacts of the Ukraine crisis hit home.

It comes after a Wall Street Journal report that Saudi Arabia is in accelerated talks with China to accept yuan instead of dollars for oil that Beijing buys.

Mohammed bin Abdulrahman Al-Thani also said Qatar was “stepping up” and holding talks with European countries about boosting gas supplies.

[waldron] 26/3/2022 19:22

TotalEnergies boss says he won’t work with Putin again — but refuses to write off Russian assets


Published Sat, Mar 26 20229:06 AM EDT

Updated 6 Hours Ago

Katrina Bishop
@KatrinaBishop
CNBC

Key Points

The French company has faced criticism for its refusal to write off its oil and gas assets in Russia like its rivals Shell and BP.

Shell is reportedly facing a loss of $3 billion for its Russian assets while BP’s write-down could be in the region of $25 billion.

In a statement Tuesday, TotalEnergies said: “Abandoning these interests without consideration would enrich Russian investors, in contradiction with the sanctions’ purpose.
”
It added that sanctions and Russian laws mean the company was prevented from finding a non-Russian buyer for these assets.

[la forge] 26/3/2022 08:12

TotalEnergies
47.6 +1.96%

[florenceorbis] 25/3/2022 15:49

emptyend
25 Mar '22 - 15:45 - 864 of 864
0 0 0
So….according to the newswires today, Germany currently gets 40% of its energy needs from Russia, primarily in the form of Russian gas - BUT will completely eliminate its dependence on Russian gas by mid-2024….

So….who will provide the LNG infrastructure they need and how?

[florenceorbis] 25/3/2022 14:29

European governments ask French major to invest in North Sea gas

TotalEnergies is looking at developing fast-track gas projects in the North Sea in an effort to help the European Union switch away from Russian gas imports.



25 March 2022 11:36 GMT Updated 25 March 2022 11:39 GMT
By Iain Esau
in London

[waldron] 25/3/2022 10:30

UBS confirmed its Buy recommendation and price target of €50 TotalEnergies after updating its carbon neutrality targets.

[grupo guitarlumber] 24/3/2022 18:03

Total Plans Spending Boost as Energy Crisis Lifts PrIces

Francois de Beaupuy, Bloomberg News

TotalEnergies promised to increase its dividend and buy back more shares after posting a record fourth-quarter profit. , Bloomberg

(Bloomberg) -- TotalEnergies SE is considering raising spending in the next three years as Europe’s energy crunch and Russia’s invasion of Ukraine boost demand and prices for oil and gas.

The French energy major increased the upper limit of its annual capital expenditure target by $1 billion to $16 billion for 2023-25, according to a presentation Thursday. While some of the spending could be on clean-energy projects, the company is using the leeway to revive extension of hydrocarbon fields in countries such as Angola which had been put on hold during the pandemic, Chief Executive Officer Patrick Pouyanne said.

It is also revisiting gas projects in the North Sea as European nations grapple to reduce their dependence on fuel imports from Russia, he said. “Some European states are asking us if we could produce more domestically,” he said.

The decision is the latest example of how Russia’s aggression is reshaping the energy landscape on the continent. European countries are considering nuclear plants, more wind and solar projects, and terminals to import liquefied natural gas, while U.K. Prime Minister Boris Johnson has said the country could “make better use of our own naturally occurring hydrocarbons.”

TotalEnergies, which decided to stop investing in the Arctic LNG 2 project in Russia, may use the spare funds to develop LNG projects in other countries, Pouyanne said. It’s maintaining a target of growing its sales of the superchilled fuel.

The company also said Thursday that it plans to spend about 5% of its capital expenditure in the coming years on products such as biogas, hydrogen, so-called e-fuels and bioplastics in preparation for rising demand for cleaner energies and dwindling crude consumption.

Spending in these areas should surpass the $500 million per year it plans to put into oil and gas exploration, less than half what it used for finding new fields in the past decade.

These new energy sources could represent a quarter of the company’s sales in 2050, at par with oil and gas, when the company wants to be carbon neutral. The remainder would come from renewables and power sales -- which are already drawing a quarter of the TotalEnergies’ capital expenditure -- while the company aims to capture and store as much as 100 million tons of carbon dioxide per year by the middle of the century.

[marktime1231] 24/3/2022 17:57

Pouyanne presumably is French for gutless apologist creep. He needs to condemn Putin, withdraw Total from all activity in Russia, and take the financial hit like all the other grown ups have done. Whining at the cost is so selfish and pathetic.

Meanwhile peddling propaganda on here which fails to condemn Putin and which perpetuates the notion that there is no alternative except to continue ... well that is sinister and disgraceful in equal measure. You should be ashamed.

[waldron] 24/3/2022 16:09

Oil Majors May Be Stuck in Russia Despite Exit Plans, Says Total

Francois de Beaupuy, Bloomberg News



U.S. and U.K. oil majors such as Shell Plc and BP Plc may be stuck with their Russian assets despite saying that they will leave the country to protest the invasion of Ukraine, said TotalEnergies SE Chief Executive Officer Patrick Pouyanne.

“EverybodyR17;s telling me that my Anglo-Saxon competitors are leaving,” Pouyanne said on RTL radio on Wednesday.


“None of my competitors has left Russia, and knows how to leave Russia.”

Shell and BP have said they will quit Russia altogether, but so far haven’t come up with concrete steps on how they will achieve that.


Unlike its peers, TotalEnergies has said it would keep its stakes in companies and hydrocarbon projects in the country, rejecting criticisms from Greenpeace and the Church of England.

TotalEnergies owns 19.4% of Novatek PJSC, Russia’s top producer of liquefied natural gas.

It also has stakes in the Yamal LNG plant, the Arctic LNG 2 project that’s still under construction, as well as interests in other oil and gas fields.

The French company said on Tuesday that it will halt further investment in the Arctic LNG 2 development.

Altogether, it has invested almost $13 billion in those Russian plants, and has no plan to sell them, Pouyanne told RTL.

“These plants will continue to work, whether I leave or not.

If I pull out, I’ll give $13 billion to Russian for zero, because nobody wants to buy these plants today,” Pouyanne said.


“Do you want me to abandon assets in Russia to enrich Russians whom we have placed under sanctions?

I won’t give in to it, because that’s demagogy.”

TotalEnergies will stop buying Russian crude and diesel by the end of the year, when its contracts expire.

When it comes to long-term gas contracts, halting purchases unilaterally would mean Total would have to pay billions of dollars in damages to Russian counterparties, unless they are placed under government sanctions, Pouyanne said.

[waldron] 24/3/2022 15:27

Total Vows to Slash Methane as Investors Demand Big Oil Do More

Francois de Beaupuy, Bloomberg News





(Bloomberg) -- TotalEnergies SE announced plans for a steep cut in methane emissions as energy majors come under increasing pressure to eliminate leaks of one of the most harmful greenhouse gases.

The French energy giant aims to reduce its release of methane -- the primary component of natural gas -- by 80% this decade, it said Thursday in a report. Curbing intentional emissions and accidental leaks from the oil and gas industry is seen by scientists as essential in the fight against global warming.

Climate change looms large for Europe’s big oil companies, with governments and shareholders increasingly demanding more stringent targets to reduce pollution as the region seeks to reach carbon-neutrality by 2050.

TotalEnergies also said it will cut so-called Scope 3 emissions -- specifically relating to those of its oil customers -- by more than 30% by 2030 versus 2015. The company has said before that it plans to reduce the sale of its oil products by at least that proportion by then, while it expands gas and power output.

Thursday’s climate report, which will be put to a vote at the annual general meeting on May 25, was immediately rejected by Dutch activist group Follow This, which said Total’s plan “still falls short” of Paris Agreement goals.

The energy transition has increasingly dominated the AGMs of the oil majors. Last year, Chevron Corp. investors voted for a proposal to compel the firm to curb pollution by its customers, while Exxon Mobil Corp.’s shareholders ousted two directors seen as ill-attuned to the threat of global warming. In Europe, climate resolutions filed by Follow This at BP plc, Shell Plc and Equinor ASA received their highest support ever.



Total defended its climate stance on Thursday, pointing to an analysis from the Transition Pathway Initiative investor group that showed the company was one of just three oil and gas majors with strategies ambitious enough to keep global warming to 1.5 degrees Celsius.

[waldron] 24/3/2022 15:19

TotalEnergies SE on Thursday set out a roadmap to reduce greenhouse-gas emissions by 2030, including targets related to methane and petroleum products sold.

The French oil-and-gas major said it aims to reduce methane emissions on operated facilities by 50% by 2025 and 80% by 2030 compared to 2020 levels. Routine flaring is expected to end by 2030.

The company also aims to cut Scope 3 emissions from petroleum products sold by more than 30% by 2030 compared to 2015 levels. Scope 1 and Scope 2 emissions--or emissions resulting from operations and energy purchases--will be reduced by more than 40% by 2030.

By the end of the decade, TotalEnergies said oil will account for 30% of its sales mix. Gas will represent 50% of the mix, while electricity will account for 15%. The rest will be made up of biogas, biofuels, hydrogen and e-fuels.

The company targets an increase in electricity production to around 120 terawatt hours in 2030 from 21 TWh in 2021, as well as 100 gigawatts of gross renewable capacity, it said.



Write to Giulia Petroni at [e-mail]



(END) Dow Jones Newswires

March 24, 2022 09:55 ET (13:55 GMT)

[waldron] 24/3/2022 15:16

U.S. Economic Activity Accelerated in March Despite Ukraine War -- S&P Global
24 March 2022 - 03:40PM
Dow Jones News

By Xavier Fontdegloria



U.S. economic growth gained momentum in March, in a sign that activity is holding up despite high inflation and uncertainty stemming from the war in Ukraine, according to data from a purchasing managers survey released Thursday.

The S&P Global Flash Composite Output Index rose to 58.5 in March from 55.9 in February, an eight-month high, signaling that the economy expanded at a robust pace.

The index gauges both the manufacturing and services sectors. A reading above 50.0 points to an increase in activity.

Activity in the U.S. private sector gained pace in March as Covid-19 containment measures were relaxed to the lowest since the pandemic began, offsetting a drag from growing concerns about the Ukraine war, said Chris Williamson, chief business economist at S&P Global.

Production for both the manufacturing and services sector accelerated, as well as inflows of new business due to strong demand, the report said. Firms also reported less severe supply-chain bottlenecks and stepped up job creation.

Services providers led the upturn in activity as the hospitality sector benefited from less pandemic-related restrictions.

The flash U.S. services PMI increased to 58.9 in March from 56.5 in February. Economists polled by The Wall Street Journal expected the indicator to be unchanged from the previous month.

The services sector saw a sharp increase in new business, while inflationary pressures remained substantial, S&P Global said.

Growth among goods producers also picked up pace, according to the survey. The U.S. manufacturing PMI rose to 58.5 in March from 57.3 the previous month, beating economists' estimates of 57.0.

Stronger expansions in output, new orders, employment and inventories supported activity, while vendor performance improved, the report said.

Business confidence fell to the lowest since last October, but remained encouragingly resilient, Mr. Williamson said. "Rising geopolitical concerns over Russia's invasion of Ukraine, higher living costs and Fed policy tightening were largely allayed by hopes of the economy gaining strength as the drag from the pandemic continues to recede," he said.



Write to Xavier Fontdegloria at [e-mail]



(END) Dow Jones Newswires

March 24, 2022 10:25 ET (14:25 GMT)

[waldron] 24/3/2022 15:12

marktime1231
24 Mar '22 - 14:35 - 372 of 372

ALL G7 GOVERNMENTS ARE STILL BUYING FROM RUSSIA

what has been said, or implied has yet to be done

TAKE A LOOK AT OTHER NEWS NOT JUST BIASED HEADLINES

TAKE A LOOK AT THE MINSK AGREEMENT

RUSSIA DESPITE WRONG TO START THE WAR IS PROTECTING ITS BORDERS AGAINST AN AMERICAN LEAD ELEMENT that obviously affects its Russisn Communities safety

ALL WARS SOMEHOW START WITH THE USA AND ITS INTERESTS

LOOK TO SEE WHICH COUNTRY BENEFITS

CERTAINLY NOT THOSE IN EUROPE

BUT WHAT ABOUT USA