TotalEnergies' Lebanon Permit, Norway's Declining Production, Shell's Revenue Declines: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

PRODUCTION
TotalEnergies Receives New Permit to Explore Offshore Lebanon - TotalEnergies (Courbevoie, France) has obtained government approval for a new exploration permit offshore Lebanon, the company said on Friday. TotalEnergies, which owns a 35% operating stake in the permit, will begin 3D seismic surveys on Block 8 with partners Eni (Rome, Italy) (35%) and QatarEnergy (Doha, Qatar) (30%). TotalEnergies began looking for natural gas in Lebanon in late 2022, following the government's landmark agreement of a maritime border with Israel in the Mediterranean Sea. An initial exploration campaign on an adjacent block was disappointing. (Reuters)

Regulator: Norway's Oil & Gas Production Will Fall Toward 2030 - Norway's offshore oil and gas output will remain broadly steady in 2026, but investments are seen falling by 6.6%, signaling a slowdown in activity and declining production toward the end of this decade, the country's regulator said on Thursday. High investment in recent years was underpinned by large developments that are gradually coming to an end, while new projects are mostly smaller in size, the Norwegian Offshore Directorate said. (Reuters)

EARNINGS
Shell Flags Fourth-Quarter Products, Chemicals Losses - Shell (London, England) expects a loss in its chemicals and products business in fourth-quarter 2025 due in part to "significantly lower" oil trading results, the energy giant said in a trading update on Thursday, prompting questions over whether it will maintain the pace of its share buyback program. Shell's chemicals and products earnings include revenue from its large trading desk for crude oil and refined products like diesel, gasoline and jet fuel. The segment will also be dragged down by an expected drop in chemicals margins to $140 a metric ton from $160 in the third quarter as well as a tax adjustment, the company said. (Reuters)

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About Industrial Info Resources
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).