France

Stellantis revealed a prototype electric vehicle on Friday, featuring a lighter, faster charging and more affordable battery. This eliminates the requirement for an inverter or charger. IBIS, the Intelligent Battery Integrated System (Intelligent Battery Integrated System), was developed by TotalEnergies subsidiary Saft in partnership. Stellantis stated that it is the first system of its kind, and offers weight and space saving and is easier for service. The new system has a 10% higher efficiency than an electric vehicle with the same size battery, and it reduces charging times by one hour. The public has been unable to accept EVs because...

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. EURONEXT Euronext, the pan-European stock exchange operator, announced on Thursday that it would be added to France's CAC 40 blue-chip index. Euronext announced that Teleperformance, a French call centre and office services company, will be excluded from the CAC 40 index. The SBF 120 index, which measures the most traded stocks, will now include Abivax and Exail Technologies, instead of Esso and OVH. The changes will take effect on September 22. ROBERTET The French fragrance group announced half-year revenue of...

The Finance Ministry said that Uganda's economy will grow at an average of 8% per year over the next five-year period, mainly due to investments in the petroleum sector and other sectors, such as transportation. The Ministry of Finance, citing Finance minister Matia Kasaija, said that the start-up of crude oil production is expected around mid-2026. This will push the growth to double digits for the fiscal year 2026/27. Last year, the International Monetary Fund predicted that Uganda's economic growth would reach double digits due to oil production. It is the first forecast of this kind by the government. Kasaija...

By America Hernandez PARIS, September 9 - TotalEnergies' CEO Patrick Pouyanne told CNBC that U.S. developer NextDecade in which Total has a stake will announce its final investment decision for an additional liquefaction plant at the Rio Grande LNG Project later Tuesday. These comments were made at the GasTech Conference in Milan, Italy on Tuesday. Pouyanne stated that the U.S. had plenty of energy for a company such as TotalEnergies. We invest in the Gulf of Mexico, continue to explore LNG and gas, and announce a new train at Rio Grande LNG. The FID is expected today. Pouyanne said that...

Shell, Equinor, and TotalEnergies announced on Monday that the first volumes of CO2 have been injected into and stored in Norway's Northern Lights Carbon Capture and Storage (CCS) Project, marking the beginning of operations. Companies said that the CO2 was being stored in a 2,600 meter reservoir (8,530 feet) below seabed. This marks a significant milestone for CCS. In a press release, Anders Opedal said that the industry of carbon capture transport and storage is scalable. The facility is a part of the heavily-subventioned Longship carbon storage and capture project in Norway, which aims to commercialise CCS to reduce CO2...

TotalEnergies has begun a 60-day planned overhaul of the small crude distillation units (CDUs), as well as a reformer, and hydrotreaters, at its Port Arthur, Texas refinery that produces 238,000 barrels per day, according to people familiar with plant operation. Sources said that the 35,000 bpd continuous catalyst reformer (CCR), along with three diesel hydrotreaters, with a combined output of 84,000 bpd and a naphtha hydrotreater with a throughput 42,000 bpd and a sulfur unit were closed along with the ACU-2 CDU with its 51,000 bpd vacuum distillation unit-1 (VDU-1), they added. A TotalEnergies representative did not respond to a...

The head of the Brazilian oil lobby IBP said on Wednesday that energy companies in Brazil will resume oil exports to the United States following the exemption from U.S. duties for several oil products. The top Brazilian export to the U.S. is oil. It was exempted from the 10% tariff on Brazilian exports in April, but the uncertainty about whether it would be exempted under the new tariffs announced on the 9th of July led to a stoppage in shipments throughout the month. Despite the fact that President Donald Trump's Wednesday decree increased tariffs on Brazil by 50%, several Brazilian...

Roberto Ardenghy of the oil lobby group IBP told reporters on Wednesday that energy companies in Brazil have suspended oil exports to the United States following President Donald Trump's announcement of 50% tariffs against Brazil. The U.S. is Brazil's largest export market. Oil was exempted from the 10% tariff on Brazilian exports in April, but it remains unclear if the commodity will be exempted under the new tariff of 50% that is set to take effect on Friday. Ardenghy said, "This time there is no way to know." IBP represents Brazilian oil companies such as Petrobras, Shell, TotalEnergies ExxonMobil, Equinor,...

Three sources with knowledge of the matter said on Tuesday that the head of Americas gas for TotalEnergies trading arm Atlantic Trading & Marketing Inc has left to join a hedge-fund. Two sources confirmed that Gregory Galimberti resigned in the last few days from his position at ATMI to join Verition Fund Management. This hedge fund is based in Greenwich, Connecticut. Sources requested anonymity in order to discuss personnel matters. Galimberti didn't immediately respond to an inquiry on LinkedIn. TotalEnergies ATMI and Verition did not respond immediately to comments. According to his LinkedIn profile, Galimberti has been the manager of...

TotalEnergies announced a 23% drop in earnings for the second quarter on Thursday. This was the worst performance of four years by this French oil major. Higher upstream production could not offset lower earnings in oil, gas and refined fuels. The adjusted net income for the three-month period ending June 30 fell from $4.7 billion a few months earlier to $3.6 billion, which is in line with analyst expectations as reflected in LSEG consensus. It was $4.2 billion lower than the first quarter. Brent crude prices are down 20% from a few months ago. This is because OPEC+ producers, including...

The Norwegian company DNO announced on Wednesday that it had sold all of its gas production from the Norwegian continental shelf over a period of four years to French utility Engie at an undisclosed price. The deal was facilitated by an American bank loan, as U.S. banks are increasing funding for the fossil fuel sector. It also said it is in talks over a similar agreement and financing facility related to its North Sea oil production. The agreement will take effect on October 1, and it covers DNO’s increased gas production following its March acquisition of assets from Sval Energi....

Igor Krasnov is the Russian Prosecutor-General, who led the government's effort to seize property valued at 2.4 trillion rubles ($31 billion). He said that foreign companies returning to Russia would be closely monitored to ensure Russia benefits. In the three years since Russia began its war in Ukraine, Moscow has taken over a dozen assets owned by foreigners under its management. This year, prosecutors have increased the seizure and confiscation of assets in Ukraine. As the economy slows down after two years of high growth, fueled by military spending, Russian officials try to strike a balance between protecting the economy...

Jessica Roswall, the Environment Commissioner, announced on Tuesday that the European Union would delay its anti-deforestation legislation for a second year. This will also postpone a ban on palm oil imports, which are linked to deforestation. After complaints from Brazil, Indonesia, and the administration of then-U.S. president Joe Biden and other industries and trading partners in Europe and North America, Brussels delayed the law for an additional year. Roswall told reporters that postponing the implementation of the law was necessary to address concerns about the large volumes of information needed to enter into the information-technology system to enforce the law...

The 80th session of the United Nations General Assembly begins on Tuesday. Who speaks when? The United Nations, which was founded in 1945 with 51 members, now has 193 members. The leaders of the Holy See, State of Palestine, and two non-member observers states, known as the United Nations' State of Palestine and the Holy See, may also speak. Brazil is the first to speak in every meeting. U.N. officials say that Brazil was the first to speak in the early days of the world organization, when other countries were reluctant. The United States, which hosts the U.N. Headquarters in...

The 80th session of the United Nations General Assembly begins on Tuesday. Who speaks when? The United Nations, which was founded in 1945, has grown from 51 members to 193 today. The leaders of the Holy See, State of Palestine, and two non-member observers states, known as the United Nations' State of Palestine and the Holy See, may also speak. Brazil is the first to speak in every meeting. U.N. officials say that Brazil was the first to speak in the early days of the world organization, when other countries resisted. The United States, which hosts the U.N. HQ in...

Rome's mayor announced on Thursday that he hopes to open up the River Tiber for public swimming in five years. This initiative was also taken by Paris. After a thorough cleaning, the French authorities allowed swimming in the Seine for the first since 1923. This was prompted by the use of the venue for the Paris Olympics 2024. Rome's mayor Roberto Gualtieri announced that he has set up a Tiber working group and will open it up to all national and regional authorities. Gualtieri, during a trip to Japan's Osaka Expo fair, said: "We are happy to have established that...

The Spanish Prime Minister Pedro Sanchez announced on Monday that his government will coordinate a number of climate-change measures with neighboring countries as a response to recent weather disasters such as the massive wildfires in August. The Civil Protection Authorities declared the end of one of the worst wildfire waves recorded in the nation on Sunday. More than 300,000 acres (740,000 hectares) of land had been burned in less than a week. Nearly 36,000 people were evacuated. Sanchez called for a "state-pact" to combat climate change in response to recent fires. This would involve all major political forces, including political...

EDF data revealed on Tuesday that four reactors of France's Gravelines Nuclear Plant will be back in operation this week, a little later than originally planned. They were shut down by a jellyfish swarm in the cooling system. The plant is located in northern France and is the largest of its kind in the country. It is cooled by a canal that connects to the North Sea. The six units each produce 900 Megawatts, totaling 5.4 Gigawatts. EDF data indicated that the first reactor, Unit 6, will be restarted on Tuesday. Each day, one reactor should return to service until...

Farmers in the sun-drenched Aude region of southern France have reluctantly dug up vines. They were motivated by declining wine consumption, and state subsidies. This has removed a natural moisture-filled brake that would normally prevent wildfires. This week, the loss of vineyards (nearly 5,000 hectares alone in Aude over the last 12 months) and its impact were made clear as the largest wildfire to sweep through France since 1949 was stoked by strong winds and parched foliage. Around 2,000 firefighters fought to contain a fire that scorched homes, forests and farmland and killed one person. The frontlines of the fire...

Firefighters fought for a third consecutive day to put out France's largest wildfire in almost eight decades. The fire has burned over 16,000 acres, claimed one life, and destroyed dozens homes. Images on TV showed smoke plumes rising above the forest in the Aude region in southern France. Drone footage revealed large patches of charred plants. Local authorities reported that one person died, three people are missing, and two others, including a firefighter, are in critical conditions. BFM TV reported that "the fire is still not under control." He said he hoped that the fire could be put out later...

Local authorities reported that firefighters were fighting in the south of France on Wednesday against the biggest wildfire to have occurred this year. One person died in the village of Saint-Laurent-de-la-Cabrerisse, and one person from the same village was missing, the Aude prefecture said. At least 25 homes have been destroyed by the fire. There are many roads closed in the area. Prefecture officials said that the fire is spreading "very rapidly" and nearly 2,000 firefighters are trying to control it. It said that around 2,500 households were without power in the area. Firefighter Eric Brocardi, a spokesman for RTL...

On Wednesday, a Dutch court ruled that diesel cars sold in the Netherlands by Opel Peugeot Citroen DS from 2009 had software to cheat emission tests. The court, in its interim ruling on a class-action suit brought by Stellantis against the car companies targeted, did not decide whether compensation was to be paid. Stellantis has denied the allegations and stated that it is considering "appropriate steps" to protect its interests. Stellantis said that it was "firmly convinced" that the vehicles met all emission standards and that the court had made the wrong interim considerations. In Europe, the car brands, as...

The powerful 8.8 magnitude earthquake that struck Russia's Far Eastern Kamchatka Coast on Wednesday caused tsunami warnings to be issued as far as French Polynesia, Chile and the Pacific Islands. It was then followed by the eruption of the volcano with the highest activity on the peninsula. A shallow earthquake in remote Russian territory damaged buildings and injured a few people. Meanwhile, parts of Hawaii and Japan's east coast, which was devastated by an earthquake and tsunami of 9.0 magnitude in 2011, were ordered to evacuate. By evening, Japan and Hawaii had lowered most of their warnings. French Polynesia authorities...

Alain Passard is a French chef who has mastered the art of roasting. He decided to remove almost all animal products in his Arpege restaurant. Arpege had already eliminated red meat in its dishes back in the early 2000s. Passard's new menu will exclude meat, dairy and fish. However, honey from the restaurant's beehives is an exception. Passard said that his passion for the natural world motivated him. He added that seasonal vegetables could also help reduce the environmental impact of a restaurant. Passard's 68-year-old fame was largely due to his roast dishes such as "poulet à foin", or chicken...