TotalEnergies Sells Its 49% Stake In Russian Termokarstovoye Gas Field To Novatek

RTTNews | 1116 dni temu
TotalEnergies Sells Its 49% Stake In Russian Termokarstovoye Gas Field To Novatek

(RTTNews) - Multi-energy company TotalEnergies SE (TTE, TTA.L) announced Friday the sale of its 49% stake in Terneftegas, engaged in developing the Russian Termokarstovoye gas field, to Russian natural gas producer Novatek, which will now own a 100% stake in Terneftegas.

This sale is part of TotalEnergies' publicly shared principles of conduct for its Russian related business.

TotalEnergies reiterated its firmest condemnation of Russia's military aggression against Ukraine and stated that it would ensure strict compliance with current and future European sanctions, no matter what the consequences on the management of its assets in Russia.

TotalEnergies also announced the gradual suspension of its activities in Russia for those which do not contribute to the security of energy supply of Europe. This included assets producing oil (Kharyaga field) and gas for the local Russian market (Termokarstovoye field) as well as other local businesses (lubricants, batteries) which were mothballed in the first half of the year.

In July, TotalEnergies sold its remaining 20% interest in the Kharyaga oil project to Zarubezhneft, and also agreed to sell to Novatek TotalEnergies' 49% interest in Terneftegaz, which operates the Termokarstovoye gas and condensates field in Russia.

read more
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Tuesday, recouping the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,850 level, with gains across most sectors led by mining and technology shares.
RTTNews | 1g 15 minut temu
Asian Markets Mixed Amid Cautious Trades

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious and optimistic about an interest rate cut by the US Fed ahead of the Fed's monetary policy announcement on Wednesday. Traders have already factored in a rate cut by the US Fed as a "certainty." Asian markets closed mixed on Monday.
RTTNews | 1g 24 minut temu
Thai Shares May Crack Resistance At 1,300 Points

Thai Shares May Crack Resistance At 1,300 Points

The Thai stock market has moved higher in seven straight sessions, adding more than 45 points or 3.8 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,300-point plateau and it may tick higher again on Tuesday.
RTTNews | 2g 36 minut temu
Japanese Market Slightly Higher

Japanese Market Slightly Higher

The Japanese stock market is slightly higher in post-holiday trading on Tuesday after opening well in the green, and briefly slipping in to the red, recouping the losses in the previous session, following the positive cues from Wall Street overnight. The Nikkei 225 is moving above the 44,800 level, with gains in automakers and technology stocks partially offset by weakness in financial stocks.
RTTNews | 3g 2 minut temu
Indonesia Bourse May Challenge 8,000-Point Level

Indonesia Bourse May Challenge 8,000-Point Level

The Indonesia stock market has moved higher in four straight sessions, advancing more than 300 points or 4 percent in that span. The Jakarta Composite Index now rests just beneath the 7,940-point plateau and it may extend its gains again on Tuesday.
RTTNews | 3g 6 minut temu