TotalEnergies shares rise 1.32% premarket after South African court halts oil exploration.

Totalenergies SE rose 1.32% in premarket trading, following a South African court's decision to rescind an oil exploration permit for a venture led by the company. The court's ruling, which was seen as a setback for the company's offshore drilling plans, was reportedly due to environmental concerns raised by lobby groups. The block in question is jointly owned by South Africa's state oil company PetroSA, TotalEnergies, and Shell PLC.