PARIS: French energy giant Total posted a sharp increase in quarterly profits on Thursday, outstripping pre-pandemic levels as oil prices rebounded from the doldrums of the coronavirus crisis.

French energy major TotalEnergies has ‘definitively’ withdrawn from Myanmar, citing the deteriorating human rights situation in the country caused by last year’s military coup. In January this year, the French firm announced its decision to exit from the Yadana field and from the associated pipeline firm Moattama Gas Transportation Company (MGTC) in Myanmar, without seeking any financial […]

Qatar yesterday named France’s TotalEnergies as its first foreign partner to develop the world’s largest natural gas field and eventually help ease Europe’s energy fears. The French energy major will have a 6.25% share of the giant North Field East project that will help Qatar increase its liquefied natural gas (LNG) production by more than […]

Energy giant TotalEnergies(TOTF.PA) said on Friday it had gone as far as it could for now to limit the revenues going to the military junta in Myanmar while staying within a legal framework and assuring power supplies.

Indonesia is one of the fastest growing economies in the world, which also drives up the demand for energy. The country has been a net oil importer since 2003, owing to the high domestic demand for energy and declining national oil production.

Gas-to-power deals offer Hanoi a quick route towards reducing its trade surplus with the US and avoiding President Trump’s attention US pressure on Vietnam to reduce its trade deficit is creating a rare opportunity for US LNG producers to access a fast-growing Southeast Asian economy, fortuitously at a time when trade tensions are dampening their […]

Triangle Energy (Global) Ltd, as part of the Cliff Head Joint Venture (CHJV) with Pilot Energy (ASX:PGY) Ltd, has welcomed the news that it will receive in the vicinity of A$5.4 million since the AB Paloma tanker unloaded 50,756 barrels of oil at a refinery in Thailand late August.

The economic loss from tropical storm Pabuk on January 4 in southern Thailand may reach Bt5 billion (US$156 million) according to local authorities. The country’s most powerful storm in three decades disrupted flights and businesses while damaging more than 1,400 homes. The storm claimed three lives and forced over 34,000 people to evacuate as strong […]

Two Chinese-backed LNG (liquefied natural gas) power plants in Yangon have halted operations since July as they have become financially unsustainable, signaling that Myanmar’s commercial capital could be in for more frequent blackouts.