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) generates a steady flow of news that reflects its role as a global integrated energy company active in oil and biofuels, natural gas and green gases, low-carbon hydrogen, renewables and electricity. This page aggregates regulatory announcements, project updates, and corporate developments drawn from company news releases and SEC submissions, giving investors and observers a single view of the latest disclosures.
Recent TotalEnergies news highlights upstream exploration and production moves, such as a joint study and application agreement with BluEnergies to explore a deepwater fan play in the Harper Basin offshore Liberia, and agreements in regions like Namibia, Guyana, Nigeria and Malaysia. Other articles cover portfolio management steps, including divestments of non-operated oil interests in Nigeria and changes in gas and renewables holdings, which illustrate how the company adjusts its mix of assets across geographies and energy types.
For followers of the energy transition, TotalEnergies news also features renewable power and electricity activities. Releases describe long-term power purchase agreements to supply certified renewable electricity to data centers in Malaysia and other markets, the development of solar projects, and the build-out of a portfolio that combines renewables with flexible gas-fired and storage assets. Additional coverage includes trading and downstream developments, such as the creation of BxT Trading in partnership with Bapco Energies to trade petroleum products in the Middle East.
Regulatory and capital markets items appear frequently as well, including disclosures of transactions in the company’s own shares, information on voting rights and share capital, and filings related to guaranteed notes and NYSE listing changes. By reviewing this news feed regularly, readers can see how TotalEnergies communicates its strategic moves, operational updates, and financial actions across the full spectrum of its integrated energy business.
TotalEnergies announces the start of oil production from Mero-3, the third development phase of the Mero field in Brazil's Santos Basin. The project includes 15 wells connected to the Marechal Duque de Caxias FPSO with a 180,000 barrels per day capacity. With Mero-3's launch, the field's total production capacity reaches 590,000 barrels per day. The project features environmental considerations including gas reinjection and zero routine flaring. A fourth phase, Mero-4, is under construction with expected start-up in 2025. At full capacity, TotalEnergies' share will exceed 100,000 barrels per day.
TotalEnergies and partners have signed a Preliminary Contract for Land Reservation for the 'Chbika' project in Morocco. The project aims to build 1 GW of onshore solar and wind capacities to power green hydrogen production through seawater electrolysis, targeting 200,000 tons per year of green ammonia for the European market. Located in the Guelmim-Oued Noun region, this initiative represents the first phase of a world-scale green hydrogen production hub. TE H2 and CIP will develop renewable energy production, while A.P. Møller Capital will handle port infrastructure development. The project leverages Morocco's exceptional renewable potential and strategic location to support Europe's Green Deal objectives.
TotalEnergies announces a new gas condensate discovery at the Harald East Middle Jurassic well (HEMJ-1X) in the Danish North Sea. Located 250 km off Denmark's west coast, the well encountered 48 meters of net gas condensate pay in a quality reservoir. The well will be connected to the Harald platform and is expected to begin production before year-end through existing Harald and Tyra facilities. TotalEnergies operates the Danish Underground Consortium with a 43.2% working interest, alongside BlueNord (36.8%) and Nordsøfonden (20%).
TotalEnergies SE has reported share repurchase transactions conducted from October 21 to October 25, 2024, following shareholder authorization from May 24, 2024. The company purchased a total of 1,843,776 shares at an average price of €60.19 per share, with a total transaction value of €110,973,982.97. The trades were executed across multiple venues including XPAR, CEUX, TQEX, and AQEU markets. Daily transaction volumes and weighted average purchase prices were reported for each trading day during this period.
TotalEnergies SE (TTE) has disclosed its share repurchase transactions from October 14 to October 18, 2024, in accordance with shareholder authorizations and applicable laws. The company bought back a total of 1,824,542 shares at an average price of 60.419431 EUR per share, for a total amount of 110,237,788.88 EUR.
The purchases were made across four different markets: XPAR, CEUX, TQEX, and AQEU. Daily volumes ranged from 249,130 to 270,001 shares, with daily weighted average purchase prices between 59.769628 and 62.515968 EUR per share. The full breakdown of individual trades is available on the TotalEnergies website, as required by the Market Abuse Regulation.
TotalEnergies has announced the sale of its fuel distribution activities in Brazil to SIM Distribuidora, a Brazilian company owned by Grupo Argenta. The transaction includes:
- A network of about 240 filling stations
- Several storage facilities for petroleum products and ethanol
This move aligns with TotalEnergies' selective strategy in Marketing & Services, focusing on core geographies with significant market share positions. The company will retain its lubricants blending and distribution activities in Brazil. The acquisition is subject to approval by relevant authorities.
TotalEnergies has released its main indicators and estimated financial information for the third quarter of 2024. Key points include:
- Brent crude price averaged $80.3/b, down from $85.0/b in Q2 2024
- Average liquids price was $77.0/b, down from $81.0/b in Q2
- Average gas price increased to $5.78/Mbtu from $5.05/Mbtu in Q2
- European Refining Margin Marker dropped significantly to $15.4/t from $44.9/t in Q2
Hydrocarbon production is expected to be 2.4 Mboe/d, with the Mero 2 project in Brazil ramping up. Exploration & Production results are likely to reflect lower liquid prices offset by higher gas prices. Integrated LNG results are anticipated to exceed $1 billion. Downstream results are expected to decrease sharply due to lower refining margins.
TotalEnergies SE (TTE) has disclosed its share repurchase transactions from October 7 to October 11, 2024, in accordance with shareholder authorizations and applicable laws. The company bought back a total of 1,753,462 shares at an average price of 62.452057 EUR per share, for a total amount of 109,507,308.18 EUR.
The transactions were executed across multiple trading venues, including XPAR, CEUX, TQEX, and AQEU. Daily volumes ranged from 205,758 to 262,446 shares, with weighted average purchase prices varying between 61.919799 and 63.029557 EUR per share. Full details of individual trades are available on the TotalEnergies website, as required by the Market Abuse Regulation.
TotalEnergies has signed a charter contract with Spanish shipowner Ibaizabal for a new Liquefied Natural Gas (LNG) bunker vessel of 18,600m3 capacity. This vessel will expand the company's global presence in bunkering hubs, potentially being deployed in Oman as part of the Marsa LNG project. The new ship will join TotalEnergies' current fleet of three LNG bunker vessels and is set to be delivered by the end of 2026.
LNG as a marine fuel reduces greenhouse gas emissions by around 20% compared to conventional fuels, while significantly improving air quality by reducing nitrogen oxides, sulfur oxides, and fine particulates. TotalEnergies, as the world's third-largest LNG player, aims to increase the share of natural gas in its sales mix to nearly 50% by 2030, focusing on reducing carbon emissions and eliminating methane emissions in the gas value chain.
TotalEnergies SE (Paris:TTE) (LSE:TTE) (NYSE:TTE) has released information regarding its total number of voting rights and shares in the share capital as of September 30, 2024. The company reported a total of 2,397,679,661 shares and an equal number of theoretical voting rights. However, the exercisable voting rights stand at 2,280,542,633, after deducting 117,137,028 treasury shares. This information is provided in accordance with Article L.233-8-II of the French Commercial Code and article 223-16 of the General Regulation of the AMF.