TotalEnergies to Exit Gas Finds Offshore South Africa, Bloomberg Reports
-- TotalEnergies plans to exit its gas discoveries offshore South Africa to prioritize exploration in areas closer to promising discoveries near Namibia, Bloomberg reports, citing unnamed sources.
-- The French energy major intends to give up the license for Block 11B/12B due to doubts about its commercial viability, considering South Africa's limited gas market, Bloomberg reports.
-- TotalEnergies will instead focus on exploring the Orange Basin, situated closer to promising oil discoveries offshore Namibia, Bloomberg reports.
-- The company didn't immediately respond on a request for comment.
Full story: https://tinyurl.com/4wka3jwe
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
July 02, 2024 09:32 ET (13:32 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
Six Sports Betting and iGaming Stocks Trading at a Discount
-
4 Predictions for Stocks and the Economy for the Second Half of 2024
-
What Broadening Rally? AI Stocks Dominate Again In Q2
-
After Earnings, Is Nike Stock a Buy, a Sell, or Fairly Valued?
-
Worst-Performing Stock ETFs of the Quarter
-
Top-Performing Stock ETFs of the Quarter
-
Q2 In Review and Q3 2024 Market Outlook
-
5 Stocks to Buy for 3Q 2024
-
Industrials: Sector Offers Investment Opportunities as Performance Lags Broader Market
-
Consumer Defensives: Even Amid Macro Pressures, Deals Permeate the Landscape
-
33 Undervalued Stocks
-
Utilities: Can the Stocks Keep the Rally Going?
-
Basic Materials: Following Index Decline, We See Many Long-Term Opportunities
-
Healthcare: Valuations Look Attractive In Most Industries
-
Financial Services: Amid Uncertainties, We See the Most Value In Banks and Credit Services
-
Consumer Cyclicals: Even With Anxiety Over Spending, We See Attractive Valuations