TotalEnergies SE - TTE STOCK NEWS

TotalEnergies SE (TTE) announced a share repurchase program following shareholder approval on May 28, 2021. The company repurchased a total of 4,904,869 shares between November 29 and December 3, 2021, averaging 41.6502 EUR/share for a total expenditure of 204,288,869 EUR. This reflects TotalEnergies' strategy to enhance shareholder value and reflects robust trading activity across multiple markets. Detailed transaction information is available on their website.

TotalEnergies has announced the commencement of production for CLOV Phase 2 in Angola, aiming for an output of 40,000 barrels of oil equivalent per day by mid-2022. This project, associated with the existing CLOV FPSO, is estimated to yield approximately 55 million barrels of oil equivalent. Launched in 2018, CLOV Phase 2 was completed within budget and on schedule, despite challenges posed by the Covid-19 pandemic. The project is a key aspect of TotalEnergies' strategy to enhance sustainable oil production in Block 17.

TotalEnergies (Euronext: TTE) has begun power generation from the first turbine of the Yunlin offshore wind farm in Taiwan. With a total capacity of 640 MW from 80 turbines, the project is expected to generate 2.4 TWh of renewable electricity annually, serving 605,000 households. The first turbine was successfully commissioned in November. This milestone aligns with Taiwan's goal of achieving 20% renewable electricity by 2025. TotalEnergies aims to expand its renewable energy portfolio to 35 GW by 2025 and 100 GW by 2030.

TotalEnergies (Euronext: TTE) and Clean Energy are initiating construction on a biomethane production unit in Friona, Texas. The facility, located at Del Rio Dairy, will produce over 40 GWh of biomethane annually from livestock manure, supplying fuel for 200 to 300 trucks each year. This project aims to reduce methane emissions by avoiding approximately 45,000 tonnes of CO₂ equivalent emissions annually. TotalEnergies plans to become a leading player in the biomethane market and aims to produce 2 TWh yearly by 2025.

TotalEnergies SE (Paris:TTE) announced share repurchases from November 22 to November 26, 2021, as authorized by its shareholders' meeting on May 28, 2021. The firm repurchased a total of 4,863,150 shares at an average price of 42.2300 EUR/share, totaling 205,370,767 EUR. The transactions took place across various markets, notably XPAR and CEUX. Detailed transaction information is available on TotalEnergies’ official website.

TotalEnergies has launched its largest photovoltaic solar power plant in France, with a capacity of 55 MW. Located northeast of Gien in Loiret, the farm features 126,000 photovoltaic panels and will produce around 64 GWh annually, enough to power 38,000 people and reduce CO₂ emissions by over 550,000 tons. The project includes participative financing of €2.2 million and biodiversity protection measures. TotalEnergies aims for 4 GW in renewable capacity by 2025 and has secured 51 MW in solar projects from the CRE 4 tender.

TotalEnergies (TTE) signed multiple agreements during the Libya Energy & Economy Summit to contribute to Libya's sustainable development. These include a Memorandum of Understanding for 500 MW solar projects and a joint acquisition of an 8.16% interest in Waha concessions, raising its stake to 20.41%. The investment of $2 billion in the North Gialo project aims to boost oil production capacity. TotalEnergies emphasizes its commitment to cleaner energy in Libya, enhancing electricity access through solar energy and reducing gas flaring.

TotalEnergies SE (Euronext: TTE) announced a share buyback program from November 15 to November 19, 2021, following the authorization from the shareholders' meeting on May 28, 2021. During this period, a total of 4,847,477 shares were repurchased at an average price of €43.2843 per share, amounting to €209,819,550 in total transactions. The purchases were executed across various markets, including XPAR and CEUX. This strategic move reflects TotalEnergies' commitment to returning value to its shareholders.

TotalEnergies has partnered with the Government of Suriname to support its strategy for reducing greenhouse gas emissions by protecting forests. This initiative will involve future projects aimed at preserving forest ecosystems and biodiversity, while benefiting local communities. Suriname's Amazon forest, covering over 15 million hectares, plays a vital role in carbon absorption and local culture. TotalEnergies plans to invest $100 million annually to develop carbon credit projects expected to generate at least 5 million metric tons of CO2e carbon credits per year by 2030.