Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)

Exited Exit Completed

TotalEnergies SE is a French multinational integrated energy and petroleum company founded in 1924 and one of the seven supermajor oil companies.

 
 
 
 
 

Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)

Exited Exit Completed
Revenue(RF), mln.USD
11
Assets(RF), mln.USD
68
Capital(RF), mln.USD
51
Glob.Revenue, mln.USD
218945
Plants
1
Staff(RF), 2021
836

TotalEnergies is selling its 49 per cent stake in a Siberian gasfield to Russian energy producer Novatek, days after accusations that the asset supplied feedstock for jet fuel suspected to have been used by the Russian military. TotalEnergies lands $9.9 bln profit as it books new Russia charge. France’s TotalEnergies exits Russian gas firm’s board. No longer will provide capital for new projects in Russia/stop purchasing Russian oil; withdraw from Arctic LNG 2 project. Companies from China, Japan and France refused to finance Russia's large LNG project due to sanctions. We are talking about the Chinese CNPC and CNOOC, the Japanese Mitsui and JOGMEC consortium, as well as the French TotalEnergies. Each of them owns 10% of Arctic LNG-2, and 60% belongs to NOVATEK. TotalEnergies has kept all its oil and LNG assets in Russia (but saw they have triggered force majeur on arctic LNG).

The Company Statement
December 09, 2022

Has halted fresh investment in Russia and suspended trade in Russian oil but stopped short of exiting the country, which makes up 24% of its proven reserves and includes a stake in gas producer Novatek. No longer will provide capital for new projects in Russia/stop purchasing Russian oil; No longer enter into or renew contracts for the purchase of Russian oil and petroleum products, to cease all purchases of Russian oil and petroleum products as soon as possible, but no later than the end of 2022. Withdraw from Acrtic LNG 2 project. TotalEnergies to continue shipping Russian LNG as long as no EU sanctions. The new owner will restart the former Total lubricants plant in the Kaluga region. Patrick Pouyanne, the CEO of TotalEnergies, said he did not know whether his company could receive a dividend payment from Novatek, in which the French oil major has a 19.4% stake. French TotalEnergies cannot withdraw $2 billion in dividends from participation in joint projects with NOVATEK from Russia, which it cannot withdraw from Russia, approximately $1.5–2 billion by the end of 2024.

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Statements Archive
November 01, 2024France's TotalEnergies Can't Withdraw $2 Billion in Dividends from Russia
October 30, 2024Why the impact of sanctions against Russian oil is weakening day by day
October 28, 2024GEM Invest owner Vladimir Paliy invested in former oil plant of French TotalEnergies
August 06, 2024French imports of Russia’s liquified natural gas surge, and Ukraine supporters seek a stop
April 26, 2024EU ban on Russian LNG would be “positive” – TotalEnergies CEO
March 05, 2024Russia's gas cardinal: who is behind the Kremlin's new wave of export expansion
February 23, 2024War in Ukraine: French companies grapple with leaving Russia
February 07, 2024TotalEnergies announced the suspension of construction of the third line of Arctic LNG-2
January 26, 2024Senator silenced: how France’s TotalEnergies is allergic to transparency on Russia
January 10, 2024Russia left out in the cold as US sanctions torpedo LNG project
December 25, 2023Companies from China, Japan and France refused to finance a large Russian LNG project due to sanctions
November 03, 2023TotalEnergies says assessing impact of US sanctions on Arctic LNG 2
August 07, 2023FT: The largest European companies have lost 100 billion euros in Russia since the start of the war in Ukraine
August 06, 2023European companies suffer €100bn hit from Russia operations
June 26, 2023Arctic LNG-2 rises in price
May 16, 2023Russia's Yamal LNG ramps up dividend to $9.5 bln in 2022
May 15, 2023TotalEnergies response
March 06, 2023The new owner will restart the former Total lubricants plant in the Kaluga region
March 02, 2023TotalEnergies continues to hold stake in Russia’s LNG-linked business
January 06, 2023TotalEnergies quits Russia's Kharyaga oil project in wake of sanctions
December 12, 2022TotalEnergies withdraws Novatek directors but keeps Russian LNG stakes
December 09, 2022TotalEnergies does not intend to withdraw from the Yamal LNG project
December 09, 2022Russia: TotalEnergies Decides to Withdraw Its Directors From Novatek And Will No Longer Equity Account for Its Stake in Novatek and Record a 3.7 b$ Impairment in Q4
November 27, 2022TotalEnergies lands $9.9 bln profit as it books new Russia charge
November 09, 2022TotalEnergies CEO: our main motivation on Russia is to bring LNG over to Europe
October 18, 2022The head of Total explained the continuation of work in Russia
October 14, 2022France's TotalEnergies Faces 'War Crimes Complicity' Case
September 24, 2022TotalEnergies contributes $1.5 billion to LNG project in Qatar
September 05, 2022TotalEnergies to continue shipping Russian LNG as long as no EU sanctions -CEO
July 17, 2022TotalEnergies still present in Russia: "We need this gas", defends Patrick Pouyanné
May 26, 2022Total sells stake in Russian gasfield following military jet fuel claims
April 28, 2022TotalEnergies announces start of withdrawal from gas megaproject in Russia
April 22, 2022TotalEnergies to Stop Purchasing Oil and Petroleum Products from Russia
March 23, 2022TotalEnergies not in jeopardy by quitting Russian oil contracts-CEO
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