Key facts: TotalEnergies shifts Lebanon exploration to Block 8; stock drops 1%; engages in Eurobob E10 trading
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TotalEnergies, under CEO Patrick Pouyanné, is shifting exploration efforts in Lebanon from the Qana well on Block 9 to Block 8, partnering with Eni and QatarEnergy.1TotalEnergies' stock fell 1%, mirroring a decline in European energy stocks due to negative market sentiment after President Trump's tariff threat on imports from eight European nations.2TotalEnergies engaged in the trading of 24,000 tons of Eurobob E10 cargoes, selling to Shell, MB Energy, Varo, and BP, reflecting active participation in the gasoline market.3
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