French economy minister to talk to TotalEnergies and Engie
The major has failed to go as far as European IOC peers
The French economy ministry accepts that “there is now a problem of principle in working with any political or economic figure close to Russian power", minister Bruno Le Maire told French TV on Tuesday morning. And he promised he would be “discussing” engagement with the Putin regime with senior management at TotalEnergies and utility Engie. The government response comes as TotalEnergies issued a statement regarding its Russian activities that fell far short of matching peers such as BP, Shell and Norway’s Equinor, which have all promised an exit from the country. The French major is thus far committing only to no longer providing capital for new projects in Russia. “TotalEnergies supports t
Also in this section
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation






