We had some offshore wind concessions. We listened to the US administration. The policy changed.They don't want to facilitate even they want not to give. We need to have permittings from the federal government because the federal government is is key in offshore wind. So we went to the government they look we could either go to litigate with you.I hate that. It's not at all our philosophy. We need to know we have many business with in the US much much business.So I don't like to go to arbitration against st ...

Roughly 15% of TotalEnergies' production is offline, as the war with Iran nears the one-month mark, but surging oil prices have more than made up for the lost barrels, chairman and CEO Patrick Pouyanné told CNBC in an exclusive interview.With Brent crude trading solidly above $100 a barrel, much of the attention has focused on oil prices, but Pouyanné said the crisis is having a much larger impact on product prices. "The Brent market is ok, but the products market, which is the one which impacts customers … ...

Ships line up in the Strait of Hormuz as seen from Khor Fakkan, United Arab Emirates, March 11, 2026.Kalshi defines a return to normal as the seven-day moving average of Hormuz transit calls topping 60, as tracked by IMF PortWatch. Roughly $100,000 has been wagered in the market.Odds that tanker traffic in the Strait of Hormuz will "return to normal" before April 15 are below 25% on Kalshi. By June 1, however, odds shorten to more than 67%, and by July 1 to 76%.Prediction market bettors aren't confident tha ...

Patrick Puane, Total Energy CEO and chairman. Thank you so much for being here. I want to start with Iran because about 15% of your global production is now shut in.How are you managing through that. >> Security of our people is essential. So we evacuated not everybody.We let let today in the Middle East some essential workers working with our partners in Abu Dhabi Qar where we still have some operations and we need to take care families of course have been repatriated. Then I will tell you it's 15% of our ...

TotalEnergies has formally withdrawn from the U.S. offshore wind sector, signing settlement agreements with the Department of the Interior (DOI) to relinquish two major leases awarded in 2022 - Carolina Long Bay and New York Bight. The move marks a significant strategic reversal for the French energy major in one of the world’s most closely watched emerging offshore wind markets. Under the terms of the agreement, the company will recover its lease payments and reinvest an equivalent amount into U.S. gas ...

United States: TotalEnergies Signs Agreements with U.S. Department of Interior to End its U.S. Offshore Wind Projects Mar 24, 2026 4:43 AM Eastern Daylight Time United States: TotalEnergies Signs Agreements with U.S. Department of Interior to End its U.S. Offshore Wind Projects Share WASHINGTON--(BUSINESS WIRE)--TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has signed settlement agreements with the United States Department of the Interior (DOI) to relinquish its Carolina Long Bay lease (Lease OCS-A 0545) a ...

An aerial view of wind turbines at the Altamont Pass wind farm on January 13, 2026 in Livermore, California.The White House has agreed to pay TotalEnergies $1 billion to shelve East Coast wind farm projects that it condemned as "costly," with the French energy giant's investment set to be diverted into U.S. LNG production instead.The U.S.' Department of the Interior (DOI) announced on Monday what it said was "a landmark agreement" with TotalEnergies for the company "to redirect capital from expensive, unrel ...

British homebuilder Bellway trimmed its operating margin outlook for fiscal 2026 on Tuesday, as the sector grapples with the risk of further interest rate hikes dampening housing demand. ...

Key TakeawaysBrent Crude futures plunged 10.92% ($12.25) to settle at $99.94/bbl following President Trump’s announcement of a five-day pause on strikes against Iranian energy infrastructure.US CENTCOM reports destroying over 140 Iranian vessels and striking 9,000+ targets during "Operation Epic Fury," marking the most significant naval elimination since World War II.PM Netanyahu confirmed the elimination of two more Iranian nuclear scientists while stating that the U.S. and Israel are in "full coordination ...

The energy company said it would no longer develop any offshore wind-power projects in the U.S., bowing to efforts by the Trump administration to curtail a sector the president opposes. ...