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 (symbol: TTE) is a French multinational integrated energy and petroleum company founded in 1924. As one of the world's seven supermajor oil companies, TotalEnergies is a key player in the global energy market. The company is involved in all aspects of the oil and gas industry, from exploration and production to refining and distribution.
In 2023, TotalEnergies recorded an impressive production rate of 1.6 million barrels of liquids and 5.0 billion cubic feet of natural gas per day. By the end of 2022, the company's reserves were estimated at 10.2 billion barrels of oil equivalent, with 56% being liquids. Additionally, TotalEnergies achieved LNG sales of 44.3 metric tons in 2023. The company also has significant interests in refining, with a daily capacity of nearly 2.0 million barrels, mainly located in Europe. These refineries enable TotalEnergies to distribute refined products across 65 countries.
Moreover, TotalEnergies is making significant strides in the renewable energy sector. By year-end, the company had installed a gross renewable power generation capacity of 22.4 gigawatts. This commitment to sustainability underscores TotalEnergies' dedication to transitioning toward cleaner energy sources.
Alongside its oil and gas operations, TotalEnergies is a major player in the chemical industry, manufacturing both commodity and specialty chemicals. The company’s diverse portfolio and continuous efforts in innovation and expansion reflect its robust financial health and strategic partnerships.
Stay informed with the latest updates and developments about TotalEnergies SE on StockTitan, where you can find detailed information and news about the company’s performance and projects.
TotalEnergies has announced the final investment decision for the Lapa South-West oil development in Brazil's Santos Basin. The company holds a 45% stake in the project, partnered with Shell (30%) and Repsol Sinopec (25%). The development will employ three wells, increasing overall production from the Lapa field to 60,000 barrels per day starting in 2025. This $1 billion investment highlights TotalEnergies' strategy of enhancing production efficiency in key areas while focusing on low emissions. The company has been operating in Brazil for over 40 years, significantly contributing to its energy portfolio.
TotalEnergies (TTE) has inaugurated the Deutsche Ostsee LNG import terminal in Germany, addressing the ongoing gas supply crisis in Europe. The terminal is operated by Deutsche Regas and features a floating storage and regasification unit (FSRU) delivered by TotalEnergies, with a capacity of 5 billion cubic meters per year. TotalEnergies is set to increase its LNG imports to over 20 Mt/y, contributing significantly to Germany's gas supply. The company aims to raise the share of natural gas in its portfolio to 50% by 2030, amidst challenges from reduced Russian gas flows.
TotalEnergies has launched BioBéarn, the largest biogas production unit in France, located in Mourenx. With a capacity of 160 GWh, it will produce 69 GWh in 2023 and aims to meet the rising demand for biogas. The project will convert 220,000 metric tons of organic waste, yielding 200,000 metric tons of digestate annually, and aims to reduce CO2 emissions by 32,000 tons per year. This initiative enhances TotalEnergies' renewable energy commitment, targeting 20 TWh production capacity by 2030.
TotalEnergies SE has announced its share repurchase activity from January 2 to January 6, 2023, in accordance with the shareholders' resolution on May 25, 2022. During this period, the company bought back a total of 4,098,990 shares at a weighted average price of €58.79, accumulating a total expenditure of approximately €241 million. The transactions occurred across various markets including XPAR, CEUX, TQEX, and AQEU. Full transaction details can be found on the company's website.
TotalEnergies SE (TTE) announced share repurchases conducted from December 19 to December 23, 2022, totaling 5,200,200 shares. The transactions occurred at a daily weighted average purchase price of €58.23, amounting to approximately €302.79 million. Notable transactions included 541,693 shares at €57.01 on December 19 and 709,702 shares at €58.50 on December 21. These actions are part of the company's strategy following a shareholders' meeting held on May 25, 2022. For a detailed list of transactions, investors can visit the TotalEnergies website.
TotalEnergies (Euronext: TTE) and Eni have made a significant gas discovery at the Zeus-1 well in Block 6, offshore Cyprus. This latest find follows previous discoveries in 2018 and August 2022, reinforcing the area's potential. The Zeus-1 well encountered 105 meters of net gas pay, enhancing prospects for fast-track development. TotalEnergies holds a 50% interest in Block 6, alongside Eni. This discovery is expected to bolster the company's resource base and support sustainable energy goals.
TotalEnergies (TTE) has successfully acquired the Agua Marinha block in Brazil's Campos Basin, expanding its exploration footprint. This block spans 1,300 km2 and is located approximately 140 km offshore. TotalEnergies holds a 30% participating interest alongside Petrobras, QatarEnergy, and Petronas Petróleo Brasil Ltda. This acquisition aligns with TotalEnergies’ strategy to focus on high-potential, low-carbon resource exploration. The company has been active in Brazil for over 40 years, aiming to boost its oil production significantly beyond 100,000 barrels of oil equivalent per day.
The Saudi Arabian Oil Company (Aramco) and TotalEnergies (TTE) have finalized the investment decision for a new petrochemical facility in Saudi Arabia's Jubail. The Amiral complex, with an investment of $11 billion, aims to leverage refinery off-gases and naphtha into higher-value chemicals. Construction is set to start in Q1 2023, expecting completion in 2027. The project will create approximately 7,000 jobs and contribute to building key manufacturing industries in the region.
TotalEnergies CEO Patrick Pouyanné met with Lebanon's Minister of Energy, Walid Fayad, to discuss ongoing activities in Lebanon, specifically drilling operations on Block 9. The operational team in Beirut is set to exceed 20 personnel by the end of March, with a tender for a drilling rig underway. Equipment pre-orders are also confirmed. The collaboration aims for a timely completion of drilling in 2023, alongside environmental studies scheduled for completion by June 2023.
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