Patrick Pouyanné

Chief Executive Officer

38 stories

15 quotes

The situation has remained, to say the least, extremely volatile, with the Strait of Hormuz being an intermittent battleground,
In a high-price environment related to the conflict in the Middle East, TotalEnergies is capitalising on its integrated model and diversification,
We’re in for a period of tension,
Our oil traders — and it's their job — noticed that the U.S. Navy was massing ships around the Persian Gulf in February. They decided to take a position counter ​to the market, which was trending down at the time, and to buy, saying something ​was about to happen,
We have now used all available surplus (reserves), but if this situation continues for another two or three months, we will enter a period of energy shortage,
If ‌it ⁠lasts two, three months more, we are entering in a world of scarcity of energy, which Asian countries have already suffered,

Earlier

TotalEnergies: PM Lecornu defends company against the left's calls to tax 'windfall profits'

Le Mondelemonde.fr/en/international…

About 15% of Total's upstream ​oil and gas production is offline because it ​is unable to ship cargoes through the ⁠Strait of Hormuz as the Iran war ​continues, though resulting higher oil prices and increased output ​in other regions have offset the company's Middle East losses

Reutersreuters.com/business/energy…

UK's Starmer and Trump discuss 'urgent need' to restore shipping in Strait of Hormuz

Reutersreuters.com/world/europe…

As Germany prepares to send naval ships to the Mediterranean Sea, French President Emmanuel Macron has renewed his push to reopen the Strait of Hormuz, amid a warning from the chief of energy company TotalEnergies that a prolonged Iran war could trigger global energy shortages

China Dailychinadaily.com.cn/a/202604…