Welcome to our dedicated page for Totalenergies Se news (Ticker: TTE), a resource for investors and traders seeking the latest updates and insights on Totalenergies Se stock.
TotalEnergies SE (TTE) is a global energy leader driving innovation across oil, natural gas, renewables, and chemicals. This dedicated news hub provides investors and industry professionals with timely updates on corporate developments shaping the energy transition.
Access official press releases and curated analysis covering quarterly earnings, strategic partnerships, exploration projects, and sustainability initiatives. Our repository simplifies tracking of operational milestones across TTE's integrated value chain – from upstream production to low-carbon energy solutions.
Key updates include regulatory filings, joint venture announcements, and technological advancements in LNG and solar energy. Stay informed about market-moving developments through verified sources, including executive statements, investment plans, and energy transition roadmaps.
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TotalEnergies has announced its acquisition of Tecoil, a Finnish company specializing in the production of Re-Refined Base Oils (RRBOs). Tecoil operates a production facility in Hamina, Finland, with a capacity of 50,000 tons of RRBOs per year.
The company has developed a circular economy network for collecting and re-refining used lubricants, producing high-quality base oils comparable to virgin oils. This acquisition will enable TotalEnergies to enhance its production of eco-friendly, high-performance lubricants, meeting growing customer demand for sustainable products.
The integration of Tecoil's expertise with TotalEnergies’ existing capabilities is anticipated to boost the company's position in the lubricant market.
TotalEnergies (NYSE:TTE) has agreed to sell its interest in several West of Shetland gas fields, including Laggan, Tormore, Glenlivet, Edradour, and Glendronach, along with the Shetland Gas Plant and nearby exploration licenses to The Prax Group.
The transaction, pending regulatory approval, will transfer approximately 7,500 barrels of oil equivalent production per day, mostly gas, to Prax. Relevant employees will also be transferred.
This sale aligns with TotalEnergies' strategy to divest mature, non-core assets. However, the company remains committed to the UK market, retaining operations in the North Sea and its Integrated Power and Renewables portfolio.
TotalEnergies (TTE) has signed an agreement to acquire a 60% interest and operatorship in Block STP02, located offshore Sao Tome and Principe, from ANP-STP. The remaining interest will be held by Sonangol (30%) and ANP-STP (10%). This transaction, subject to final approval, expands TotalEnergies' presence in an emerging basin 60 km off the coast of Principe. Block STP02 covers 4,969 km2 and is adjacent to Block STP01, where TotalEnergies holds a 55% stake. The company's decision follows promising 3D seismic data from Block STP01, aiming to enhance exploration efforts in the region.
TotalEnergies has announced the repurchase of its own shares over the period from June 17 to June 21, 2024.
The repurchase was executed under the authorizations granted by shareholders on May 24, 2024. The company bought a total of 2,980,000 shares at an average price of EUR 62.08 per share, amounting to approximately EUR 185 million.
These transactions were executed across several markets, including XPAR, CEUX, TQEX, and AQEU.
Full details of these trades can be found on the TotalEnergies website.
TotalEnergies (Paris:TTE) has been awarded a maritime lease by the German Federal Network Agency to develop a 1.5 GW offshore wind project in the North Sea.
Located 120 km northwest of Heligoland, this concession, N-11.2, will cover 156 square kilometers, enabling TotalEnergies to establish a 3.5 GW offshore wind hub in the region.
The company will pay €196 million to the German Federal government by June 2025 and an annual €88 million contribution for 20 years to the electricity transmission system operator from the project's commissioning.
This concession has a 25-year term, extendable to 35 years. This development supports TotalEnergies' goal to net-zero by 2050, expanding its renewable capacity to 35 GW by 2025.
TotalEnergies, holding a 40% interest in the OML 58 onshore license in Nigeria with NNPCL (60%), announced the Final Investment Decision for the Ubeta gas field. Located 80 km northwest of Port Harcourt, Ubeta will feature a 6-well cluster connected to existing facilities through an 11 km pipeline. Production is scheduled for 2027, aiming for 300 million cubic feet per day (70,000 barrels of oil equivalent per day). The gas will be supplied to the Nigeria LNG plant, where TotalEnergies holds a 15% stake. This low-emission, low-cost project will leverage existing facilities, integrate a 5 MW solar plant, and electrify the drilling rig. Over 90% of manhours will be worked locally, contributing to Nigeria's economy through increased NLNG exports.
TotalEnergies SE has disclosed its transactions of own shares from June 10 to June 14, 2024, as authorized by the shareholders' meeting on May 24, 2024. The company repurchased a total of 2,753,885 shares over five days, with a daily weighted average purchase price of €63.55 per share. The total amount spent on these transactions was approximately €175 million. The transactions occurred on multiple markets including XPAR, CEUX, TQEX, and AQEU. This disclosure aligns with Article 5(1)(b) of Regulation (EU) No 596/2014 (Market Abuse Regulation).
TotalEnergies SE (Paris:TTE) (LSE:TTE) (NYSE:TTE) has released information on the total number of voting rights and shares as of May 31, 2024. The company reported having 2,386,846,474 shares in its share capital, with 2,309,491,997 voting rights exercisable at the shareholders' meeting. This figure accounts for the deduction of 77,354,477 treasury shares.
TotalEnergies (TTE) has announced the sale of its wholly-owned subsidiary, TotalEnergies EP (Brunei) B.V., to Hibiscus Petroleum Berhad for $259 million. TotalEnergies EP (Brunei) B.V. holds a 37.5% interest in Block B, which includes the Maharaja Lela/Jamalulam (MLJ) field producing approximately 9,000 barrels of oil equivalent per day in 2023. The transaction is expected to close in Q4 2024. This sale aligns with TotalEnergies' strategy to monetize mature assets and focus on more promising ventures.
TotalEnergies SE, in adherence to the shareholder authorization from May 24, 2024, and applicable share repurchase laws, has disclosed transactions of its own shares between June 3 and June 7, 2024.
During this period, TotalEnergies purchased a total of 2,648,718 shares at a daily weighted average price of EUR 65.125774 per share, amounting to EUR 172,499,809.84 in transactions. The purchases were conducted across various markets, including XPAR, CEUX, TQEX, and AQEU.
The detailed breakdown of each transaction is available on the TotalEnergies website.
