Totalenergies Se - TTE STOCK NEWS

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.

TotalEnergies has finalized the divestiture of its 18% stake in the Sarsang oil field in Kurdistan, Iraq, to ShaMaran Petroleum Corp. for a total of $155 million. An additional contingent payment of $15 million is available based on production and oil prices. The Sarsang field produced approximately 3,500 barrels per day in 2021, and TotalEnergies retains a 22.5% interest in the Halfaya oil field in Iraq, with total production around 14,000 boe per day. This move aligns with the company’s strategic focus on optimizing its asset portfolio.

TotalEnergies (TTE) has partnered with Denmark's Technical University (DTU) to establish the DTU-TotalEnergies Excellence Center of Clean Energy. This center will focus on developing low-emission energy solutions and enhancing renewable energy reliability. Located at the Risø campus near Copenhagen, the center will drive advancements such as a hybrid electric platform and multi-energy training for employees. TotalEnergies aims to increase its renewable electricity capacity from over 10 GW in 2021 to 100 GW by 2030, continuing its commitment to sustainable energy development.

TotalEnergies (Paris:TTE) has been appointed by the Flemish government to install up to 4,400 electric vehicle charging points in West Flanders and Flemish Brabant. This project, utilizing 100% renewable offshore wind energy, aims to enhance electric mobility and contribute to the regional target of 35,000 charge points by 2025. The partnership will leverage a collaborative platform for charge point requests. TotalEnergies is solidifying its position in Belgium's electric mobility sector, with a significant portfolio of charging stations already established across multiple cities.

TotalEnergies SE announced share repurchases from August 22 to August 26, 2022, following a shareholder meeting resolution. The total purchases during this period amounted to 4,637,256 shares at a daily weighted average price of €53.9112, totaling approximately €249,999,908.05. The breakdown of daily transactions, including volumes and prices, can be found on their website. This move is part of their strategy to enhance shareholder value.

TotalEnergies (TTE) has signed a groundbreaking agreement with Yara for CO₂ transport and storage from Yara's Sluiskil ammonia plant in the Netherlands. Starting in early 2025, the initiative will capture 800,000 tons of CO₂ annually, which will be stored 2,600 meters below the seabed off Norway. This milestone is significant for European industrial decarbonization and sets a precedent for carbon capture and storage (CCS) services. TotalEnergies aims to achieve a CO₂ storage capacity of over 10 million tons annually by 2030.