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

RTTNews | 1098 दिनों पहले
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
DAX Retreats After Firm Start, Down Marginally

DAX Retreats After Firm Start, Down Marginally

After opening on a strong note thanks to easing AI slowdown fears after Nvidia's impressive results, the German market retreated and slipped into negative territory on Thursday. Despite paring some early gains, auto stocks remain fairly well up in positive territory.
RTTNews | 18 मिनटों पहले
Swiss Franc Rises Against Majors

Swiss Franc Rises Against Majors

The Swiss franc strengthened against other major currencies in the European session on Thursday.
RTTNews | 33 मिनटों पहले
Sensex, Nifty Retreat On US Tariff Worries

Sensex, Nifty Retreat On US Tariff Worries

Indian shares fell sharply on Thursday as traders waited to see how New Delhi responds to pressure from Washington to stop buying Russian oil after the 50 percent tariffs levied by the U.S. on Indian goods came into effect on Wednesday.
RTTNews | 38 मिनटों पहले
Bank Of Korea Stands Pat On Rates, Lifts 2025 Growth Outlook

Bank Of Korea Stands Pat On Rates, Lifts 2025 Growth Outlook

The Bank of Korea left its interest rate unchanged on Thursday as economic growth improved moderately despite high uncertainty surrounding the outlook. The Monetary Policy Board decided to hold the Base Rate at 2.50 percent. The central bank had previously lowered the benchmark rate by a quarter-point each in May and February.
RTTNews | 45 मिनटों पहले
U.S. Dollar Falls Amid Fed Rate Cut Speculation

U.S. Dollar Falls Amid Fed Rate Cut Speculation

The U.S. dollar weakened against other major currencies in the Asian session on Thursday, after the Fed official left the door open for an interest rate cut next month.
RTTNews | 2घंटे 26 मिनट पहले