Exxon Mobil TotalEnergies and Shell are among the companies with more exposure to disruptions in oil and gas production due to the US-Israel war with Iran, analysts said in research notes.
As part of its growth in electricity in Germany, TotalEnergies has signed an agreement with Allianz Global Investors (AllianzGI) for the sale of a 50 per cent stake in a portfolio of 11 battery storage projects with a total capacity of 789 MW – 1628 MWh.
TotalEnergies has launched France’s first advanced plastics recycling plant, with an annual capacity of 15,000 tones, at its Grandpuits site southeast of Paris. This start-up marks another step in the conversion of the refinery into a zero-crude platform.
TotalEnergies and Holcim, a leading player in sustainable construction, inaugurated in Belgium a floating solar power plant with a capacity of 31 MW, located in Obourg on a former chalk quarry site that has been rehabilitated into a lake.
TotalEnergies has signed settlement agreements with the US Department of the Interior (DOI) to relinquish its Carolina Long Bay lease (Lease OCS-A 0545) and its New York Bight lease (Lease OCS-A 0538), both awarded in 2022, along with its partners. As a result, TotalEnergies will no longer develop offshore wind projects in the US.
TotalEnergies says the Middle East conflict has forced production shutdowns or pending closures in Qatar, Iraq and offshore United Arab Emirates fields, affecting around 15 per cent of its total output.
TotalEnergies has restarted production at Libya’s Mabruk oil field, holding a 37.5 per cent stake. The new 25,000 barrels/day facility, launched in May 2024, began operations on February 28, 2026, ending a halt since 2015.
TotalEnergies (48 per cent, operator) has started up the Lapa South-West project in Brazil’s Santos Basin. Three wells tied to the existing Lapa FPSO will boost the field’s production by about 25,000 barrels per day.
TotalEnergies’ trading arm Totsa sold April-loading Oman crude via tender at a premium above $20/bbl to Dubai quotes, traders said. The tender offered up to 2 million barrels loading April 1–30 from Mina Al Fahal.
TotalEnergies has signed a preliminary agreement (Letter of Intent) with Glenfarne, the lead developer of the Alaska LNG project, for the long-term offtake of 2 million tonnes per year (Mtpa) of liquefied natural gas (LNG) over 20 years, subject to the project’s final investment decision.
