TotalEnergies: Production shut down or in process of shutting

French oil major TotalEnergies has suspended or is in the process of shutting down approximately 15% of its global oil and gas production due to operational disruptions in the Middle East linked to regional tensions involving Iran according to company reports. The company reported that production facilities in Qatar, Iraq, and offshore locations in the United Arab Emirates are affected by the crisis as detailed in their announcement. These shutdowns represent a significant reduction in output, though TotalEnergies stated that elevated oil prices, driven by geopolitical instability in the region, are expected to offset the financial impact of the lost production according to their analysis.

The company disclosed the developments on its investor website, emphasizing that the disruptions are directly tied to the broader U.S.-Israeli conflict with Iran. While the exact duration of the shutdowns remains unspecified, TotalEnergies has not indicated plans to adjust its long-term production targets or capital expenditure forecasts. Analysts note that the situation underscores the vulnerability of energy firms to geopolitical volatility in key hydrocarbon-producing regions. Investors are advised to monitor further updates on operational progress and regional developments, as prolonged disruptions could influence market dynamics and pricing trends in the short term according to their assessment.

Source: TotalEnergies, investor website statement.
Source: Economic Times, March 2026.