French economy minister to talk to TotalEnergies and Engie
The major has failed to go as far as European IOC peers
The French economy ministry accepts that “there is now a problem of principle in working with any political or economic figure close to Russian power", minister Bruno Le Maire told French TV on Tuesday morning. And he promised he would be “discussing” engagement with the Putin regime with senior management at TotalEnergies and utility Engie. The government response comes as TotalEnergies issued a statement regarding its Russian activities that fell far short of matching peers such as BP, Shell and Norway’s Equinor, which have all promised an exit from the country. The French major is thus far committing only to no longer providing capital for new projects in Russia. “TotalEnergies supports t

Also in this section
7 February 2025
The history of tin production and prices offers a preview of the future oil market. If correct, $35/bl could become the new normal for crude for several years without further OPEC+ intervention
7 February 2025
Changing oil demand patterns mean different downstream economics amid switch to naphtha, LPG and other petrochemicals
6 February 2025
Policy initiatives will take time to reverse declining output, and restoring investor confidence is far from certain
6 February 2025
This premier event is poised to address the evolving technology and investment demands of North America’s thriving chemical and pharmaceutical sectors