French 'TotalEnergies' Halts 15 Percent of Global Oil and Gas Production

French ‘TotalEnergies’ Halts 15 Percent of Global Oil and Gas Production French energy company TotalEnergies has suspended 15% of its global oil and gas production due to the war in the Middle East. Production has stopped or is being shut down in Qatar, Iraq, and offshore UAE, though onshore UAE production remains unaffected. The company stated that rising oil prices can largely offset the financial impact of these production losses.

• TotalEnergies has halted 15% of its global oil and gas production.
• The disruptions are a result of the war in the Middle East.
• Production is impacted in Qatar, Iraq, and offshore UAE.
• Onshore UAE production and the Satorp refinery in Saudi Arabia are unaffected.
• The company believes rising oil prices can compensate for the financial losses from reduced production.