France

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. The President of Mozambique, Daniel Chapo, said that TOTALENERGIES Mozambique has met the conditions to lift the force majeure for its $20 billion LNG project in Southern Africa. DEME GROUP The Belgian engineering company said that it had secured a contract to transport and install inter-array cable at the Nordseecluster A offshore wind farm located in Germany. CARMILA The French shopping centre operator launched a tender on four existing bonds worth 300 million euros. Pan-European market data: European Equities speed...

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....

A decade after Volkswagen's Dieselgate scandal, lawyers for 1.6 million claimants are bringing a trial against some of the biggest automakers in the world. They accuse them of cheating on diesel emissions tests. Owners of diesel cars made by Mercedes-Benz, Ford, Nissan and Renault, as well as the Stellantis owned brands Peugeot and Citroen, allege that the companies used illegal 'defeat device'. The claimants' attorneys say that these devices monitored emissions when cars were being tested, and made sure they stayed within legal limits. However, when the vehicles were on the roads, they did not. However, the manufacturers say that...

The gradual warming of temperatures has encouraged locals in Yoichi, a small Japanese town, to experiment with the delicate grape varieties over the last two decades. Yoichi is well-known as the birthplace of Nikka Whisky. It was thrust into the limelight of viticulture five years ago when the 2017 Nana Tsu Mori Pinot Noir, produced by the local Domaine Takahiko Winery, appeared on the Noma wine list in Copenhagen. Resellers in Japan are now selling a bottle of this prized wine for $560. It was once priced at $30. The town of Hokkaido, located in Japan's northernmost isle, has also...

Euronext wheat traded again in a tight range on Wednesday. A falling euro was not enough to support the futures, and they remained near their contract lows. The most active position in December milling grain on Paris' Euronext was down 0.1% to 187.50 euro ($218.12) per metric ton at 1435 GMT. This is close to the contract low from last Wednesday of 185.00 euro. The euro has fallen for the third consecutive day due to political uncertainty in France after the fall of its last government. Euronext also received some help from a stabilization in Chicago wheat prices after they...

The Food and Agriculture Organization of the United Nations reported on Friday that global food commodity prices fell in September, as decreases in dairy and sugar offset a new high for meat prices. The FAO Food Price Index (which tracks a basket international traded food commodities) averaged 128,8 points in September. This is down from an August revised to 129,7. The index rose 3.4% over the same period last year. However, it is down nearly 20% from its record high in March 2022 after Russia invaded Ukraine. Lowest Sugar Prices Since March 2021 Last month, the indicator fell by 4.1%,...

Portugal's Energy Minister said that France, Portugal, and Spain would hold discussions in the next few weeks about how to accelerate power interconnector project. The country is pushing to improve its electricity links after a massive blackout in April. The unprecedented power outage that occurred in Spain and Portugal in April highlighted the poor connections between the two countries to the rest Europe. Experts said the power outage could have been avoided if there were more interconnectors for exchanging power with other countries. Maria da Graca Carvalho stated in an interview that "after the blackout we have put additional pressure...

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...