TotalEnergies, the prominent French energy company, is taking action by suspending roughly 15% of its global oil and gas production. Recent reports from Gazeta Express, published on March 12, 2026, at 20:06, detail this significant announcement. The company is actively halting production, accounting for approximately 15% of its worldwide oil and natural gas output.
This strategic move involves ceasing or initiating the cessation of production in key locations. Specifically, operations have been halted in Qatar, Iraq, and the offshore areas of the United Arab Emirates. These represent roughly 15% of TotalEnergies’ total output.
The company’s official statement, released to Agence France-Presse (AFP), confirmed that this measure encompasses both oil and natural gas production. TotalEnergies has also indicated that increasing oil prices could positively impact its operations. The company is adjusting its production levels to respond to current market conditions, ensuring its continued success.
This decision reflects a careful assessment of its global oil portfolio.
Topics: #production #its #oil
TotalEnergies, a leading French energy firm, is pausing around 15% of its worldwide oil and gas output. This substantial decision was revealed in a Gazeta Express report dated March 12, 2026, at 20:06