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Eclipse fever swept North America on April 8th. Tens of millions witnessed a breathtaking celestial show, a rare convergence of science, commerce, and…celebration! The Moon’s shadow plunged Mexico’s Pacific coast into darkness, then raced eastward across the US at supersonic speed. This incredible event, witnessed from coast to coast, won’t be seen again from most of North America until 2044. (AFP PHOTOS)
PARIS, France (AFP) – French giant TotalEnergies on Monday announced the discovery of significant reserves of oil and gas off the coast of Suriname and said it would begin exploration soon. The company has several exploration licences in the South American nation and made the announcement jointly with US firm APA. “TotalEnergies and APA Corporation have made a significant new oil and associated gas discovery at the Krabdagu-1 well, in the central area of Block […]
KAMPALA, Uganda (AFP) – Environmental watchdogs Saturday condemned the arrest of six Ugandan rights campaigners as a coordinated effort to silence critics of a contested energy project involving French oil giant Total. The activists from Africa Institute for Energy Governance (AFIEGO), the country’s highest-profile environmental defenders group, were detained without charge at a police station outside Kampala on Friday, the organisation said in a statement. Its French partners, Amis de la Terre France (Friends of the […]
PARIS, France (AFP) – The French oil and gas major Total deliberately downplayed the threat of global warming from the 1970s onwards, according to research based on interviews with former company executives and internal company documents. The findings, published by a trio of historians Wednesday in the peer-reviewed journal Global Environment Change, follow similar revelations about US oil giant ExxonMobil and Royal Dutch Shell. The pattern that emerges is one of oil and gas giants […]
by Benoît PELEGRIN Agence France-Presse LONDON, United Kingdom (AFP) – Oil prices jumped above $80 this week for the first time in almost three years, handing a major boost to producers — but fuelling more inflationary pain for consumers, analysts say. The price of European benchmark Brent North Sea crude for delivery in November hit $80.75 per barrel on Tuesday, attaining the highest level since October 2018, but edged lower on Wednesday. The market has […]
by Julien MIVIELLE Agence France-Presse PARIS, France (AFP) — Already under pressure due to climate change, the world’s top listed oil firms suffered historic losses in 2020 as the Covid-19 pandemic sent demand and prices tumbling. The oil majors — BP, Chevron, ExxonMobil, Shell and Total — suffered $77 billion in losses for the year. Shell CEO Ben van Beurden called 2020 an extraordinary year. Total’s Patrick Pouyanne said: “All of us will remember 2020 […]
OSLO, Norway (AFP) — Norway gave approval Tuesday to a giant project to capture and store CO2 below the North Sea, a technology that could help efforts to reduce carbon emissions. The Northern Lights project aims to inject CO2 captured from Norwegian industrial firms into geological formations 2,600 metres (8,530 feet) below the seabed where it should be trapped permanently. Initially the project aims to capture and store 1.5 million tonnes of CO2 per year […]
PARIS, France (AFP) — Total said Tuesday its quarterly profit fell by 99 percent because of dropping oil prices and announced it would slash investments in response to ongoing turmoil in crude markets. The French oil major reported a net profit of $34 million for the first quarter, against $3.1 billion a year earlier. Oil prices suffered a sharp drop in the first quarter due to overproduction and a price war between Saudi Arabia and […]
TEHRAN, Iran (AFP) — French energy giant Total has officially quit its multi-billion-dollar gas project in Iran, Oil Minister Bijan Namdar Zanganeh said on Monday, following the reimposition of US sanctions. “Total has officially left the agreement for the development of phase 11 of South Pars (gas field). It has been more than two months that it announced that it would leave the contract,” he told the ICANA news agency, which is linked to the […]
(Eagle News) – Prices of petroleum products again rose in the market today, April 3 since 6:00 in the morning. Oil companies such as Caltex, Flying V, Jetti, Phoenix Petroleum, PTT, Petron, SeaOil, Shell, and Total announced that they were increasing the price of their gasoline by P0.90 per liter, while diesel and kerosene or gas increased their prices by P1 per liter. Prices of diesel are now ranging from P41 to P46 per liter, […]
PARIS, France (AFP) — French oil company Total said Thursday underlying profits gushed higher in the second quarter thanks to a recovery in the price of oil, with the company also benefitting from increased output. The firm’s measure of adjusted profits that excludes exceptional items climbed 14 percent from the same period last year to $2.5 billion ($2.1 billion euros). That beat the consensus forecast of analysts surveyed by financial data firm Factset, who were […]
MARYLAND, United States (Reuters) — The National Aeronautics and Space Administration on Wednesday (June 21) is expected to detail its plans to study and promote a celestial show that will darken skies from Oregon to South Carolina. During the August 21 eclipse, the moon will pass between the sun and Earth, blocking the face of the sun and leaving only its outer atmosphere, or corona, visible in the sky. It is the first coast-to-coast total eclipse […]
