TotalEnergies SE - TTE STOCK NEWS

TotalEnergies (TTE) expressed regret over NGOs' refusal to join the proposed mediation regarding legal proceedings in France related to its Tilenga and EACOP projects in Uganda and Tanzania. The court has scheduled pleadings for December 7, 2022. The NGOs claim TTE did not sufficiently manage social and environmental impacts, citing France's 'duty of vigilance' law. TTE plans to demonstrate that its vigilance plan is effectively implemented, including compensation measures where 92% of agreements for Tilenga and 74% for EACOP have been signed. Biodiversity actions have also been initiated.

On October 3, 2022, TotalEnergies (Paris:TTE) and Holcim signed a Memorandum of Understanding to jointly decarbonize Holcim's cement production facility in Obourg, Belgium. This partnership will assess technologies for capturing and utilizing approximately 1.3 million metric tons of CO₂ emissions annually. Key initiatives include an innovative air-oxyfuel kiln and green hydrogen production for e-fuels. Both companies aim to set new standards in sustainable industry practices and contribute to Europe's decarbonization efforts.

TotalEnergies (Euronext: TTE) has announced a special interim dividend of 1 €/share, payable in December 2022, alongside a $7 billion share buyback program. The Board highlighted a favorable outlook due to its multi-energy strategy and a breakeven point below $25/b, projecting a $4 billion cash flow increase over the next five years. The company plans to allocate 35-40% of cash flow to shareholders while investing $14-18 billion annually in carbon-free energy and reducing emissions.

TotalEnergies (Paris:TTE) has released its TotalEnergies Energy Outlook 2022, emphasizing its commitment to the energy transition and climate goals by 2050. The report examines two primary scenarios: Momentum and Rupture, assessing the trajectory of global energy demand amidst current market disruptions and the impact of Net Zero commitments from various countries. The document highlights the need for increased investments in low carbon technologies and efficiency measures to meet climate objectives, alongside ensuring energy security.

TotalEnergies (TTE) has partnered with SARIA to enhance the production of sustainable aviation fuel (SAF) at the Grandpuits site. The agreement enables the production capacity to reach 210,000 tons annually, exceeding initial projections by 25%. TotalEnergies will hold a 50% stake in the production of animal fat esters while SARIA will supply used cooking oils. This initiative aligns with TotalEnergies' climate ambition to achieve net-zero emissions by 2050, reinforcing its commitment to sustainable energy solutions.

TotalEnergies has been selected as the first international partner for Qatar's 16 Mtpa North Field South (NFS) liquefied natural gas (LNG) project, securing a 9.375% interest. Combined with its 6.25% stake in the North Field East (NFE) project, TotalEnergies will add 3.5 Mtpa of LNG production by 2028. Collectively, the NFE and NFS projects will boost Qatar’s LNG export capacity to 126 Mtpa. The projects aim for low GHG emissions and align with TotalEnergies' goal to increase natural gas's share to 50% by 2030, bolstering its position as a major player in the global LNG market.

TotalEnergies SE has reported share buybacks from September 12 to September 16, 2022, following shareholder approval on May 25, 2022. The total transactions reached 3,675,502 shares at an average price of €50.4320, totaling €185,362,871.49. These purchases occurred across multiple exchanges, including XPAR and CEUX. For detailed transaction data, investors can visit the TotalEnergies website.

TotalEnergies (TTE) has made a final investment decision for the Fenix gas project off the coast of Tierra del Fuego, Argentina, with an estimated investment of $706 million. The project, in partnership with WintershallDea and Pan American Sur, aims for production start-up in early 2025, targeting 10 million cubic meters of natural gas output daily. TotalEnergies, with a 37.5% interest in the project, emphasizes its low emissions and technical costs, reinforcing its role in the Argentine gas market, where it currently holds about 25% of production.

TotalEnergies (TTE) has entered into an Exploration and Production Sharing Agreement (EPSA) with Oman's Ministry of Energy and Minerals for onshore Block 11. The EPSA aims to enhance domestic gas supply through seismic acquisition and exploration activities, with a well expected to begin drilling in 2023. TotalEnergies holds a 22.5% interest, while Shell is the operator with 67.5%. This move is part of TotalEnergies' strategy to become a multi-energy company and solidifies its partnership with Oman, following its previous gas concession in Block 10.