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 (TTE) and SSE have signed a binding agreement to create a joint venture called Source, aiming to become a major player in EV charging infrastructure in the UK and Ireland. The venture plans to deploy up to 3000 high-power charge points grouped in 300 'EV hubs' within the next 5 years, targeting a 20% market share. These charging hubs will be located in prime urban areas and powered by renewable energy.
The initiative aligns with the UK Government's zero vehicle emissions mandate and Ireland's goal of placing almost 1 million electric vehicles on roads by 2030. This development contributes to TotalEnergies' integrated power strategy in the UK and SSE's role in decarbonizing the UK and Ireland's power system. The agreement is subject to regulatory approvals.
TotalEnergies has released its main indicators and estimated financial information for the second quarter of 2024. Key points include:
- Brent crude price averaged $85.0/b, up from $83.2/b in Q1 2024
- Average liquids price rose to $81.0/b from $78.9/b in Q1
- European Refining Margin Marker decreased to $44.9/t from $71.7/t in Q1
- Hydrocarbon production expected to be close to 2.45 Mboe/d, at the high end of guidance
- Integrated Power results projected around $500 million
- Downstream results impacted by lower refining margins, offset partially by higher utilization and marketing results
The company also provided 2024 sensitivities to factors like oil prices and exchange rates.
TotalEnergies SE (TTE) has disclosed its share repurchase transactions from July 8 to July 12, 2024, in accordance with shareholder authorizations. The company bought back a total of 1,906,988 shares at an average price of €63.63 per share, for a total amount of €121,340,918.49. The purchases were executed across multiple trading venues, including XPAR, CEUX, TQEX, and AQEU. Daily volumes ranged from 373,298 to 386,559 shares, with weighted average purchase prices varying between €62.85 and €65.09 per share. This share buyback program demonstrates TotalEnergies' commitment to returning value to shareholders and optimizing its capital structure.
TotalEnergies has acquired a 10% stake in the Ruwais LNG project in partnership with ADNOC, Shell, bp, and Mitsui. The Ruwais LNG project, set to launch in the second half of 2028 in Abu Dhabi, will feature two liquefaction trains with a total capacity of 9.6 million tons per year.
This project will use full-electric liquefaction trains powered by clean energy from the UAE grid, making it one of the world's lowest-carbon intensity LNG plants.
TotalEnergies and its partners aim to meet growing global demand for lower-carbon gas while supporting the transition to cleaner energy.
TotalEnergies, already a major player in the LNG market, plans to increase natural gas's share in its energy mix to 50% by 2030.
The project also aims to boost local development and create skilled jobs for UAE nationals.
TotalEnergies SE has disclosed its share repurchase transactions conducted between July 1 and July 5, 2024, under the authorization of its shareholders’ general meeting held on May 24, 2024. The company acquired a total of 1,889,095 shares at an average weighted price of EUR 64.665535 per share, amounting to a total transaction value of EUR 122,159,338.67. These transactions were made across multiple markets, including XPAR, CEUX, TQEX, and AQEU. Detailed breakdowns of the individual trades are available on the TotalEnergies website.
SLB (NYSE: SLB) OneSubsea has secured a contract from TotalEnergies (NYSE: TTE) for the Kaminho deepwater project, offshore Angola. The project involves a 13-well subsea production system, including associated equipment and services, and will be developed in two phases in the Cameia and Golfinho fields. The collaboration aims to deploy a highly configurable subsea production platform with standardized vertical monobore subsea tree, wellhead, and controls system. The project is set to create over 10 million man-hours of work, primarily in Angola, with a targeted first production date in 2028, expected to yield 70,000 barrels of oil per day.
TotalEnergies (TTE) and SLB have announced a collaboration to develop innovative subsurface digital solutions to enhance sustainable hydrocarbon production and support geological carbon storage. This partnership will leverage both companies' expertise in operational and software development to create next-generation cloud-based tools that improve subsurface modeling and optimize production with reduced carbon intensity.
Additionally, TotalEnergies will solarize SLB's industrial sites in Oman, UAE, and Japan, providing bespoke energy solutions to support SLB's energy transition. This initiative aligns with TotalEnergies' strategy of 'More energy, less emissions, more value,' aiming to make industrial operations more sustainable while delivering competitive cost benefits.
Both companies emphasize the importance of collaboration and knowledge sharing to advance digital capabilities and enhance efficiency in the energy sector.
TotalEnergies (TTE) has launched its new Pangea 4 supercomputer at the Jean Féger Scientific and Technical Center in Pau, France. Designed to support the company's energy transition efforts, Pangea 4 offers advanced capabilities for windflow simulations, reservoir storage capacity assessments for carbon capture and storage (CCS) projects, and methane emissions reduction calculations.
This hybrid supercomputer combines onsite and cloud computing, doubling the speed of its predecessor while using nearly 90% less electricity. This enhanced efficiency significantly reduces the carbon footprint of TotalEnergies' datacenters. The company's OneTech President, Namita Shah, highlighted Pangea 4 as a key tool in meeting the diverse needs of TotalEnergies' new energy initiatives and business growth.
SLB and TotalEnergies have announced a 10-year partnership to develop and deploy scalable digital solutions aimed at enhancing energy resource access, performance, and efficiency. The collaboration will focus on integrating advanced digital capabilities, such as artificial intelligence, with SLB's Delfi™ digital platform, adhering to the OSDU® Technical Standard. The partnership will initially target subsurface digital solutions for reservoir engineering and geoscience modeling, leveraging real-world learnings from both companies. This co-development aims to benefit TotalEnergies' global operations and SLB's worldwide customer base, addressing key challenges across the energy value chain, including carbon capture, utilization, and sequestration (CCUS). The combined expertise of both companies is expected to accelerate the delivery of new digital capabilities for the entire industry.
In compliance with shareholder authorizations and applicable laws, TotalEnergies SE (TTE) disclosed transactions involving repurchases of its own shares on June 24 and 25, 2024. The company acquired a total of 1,057,838 shares at a daily weighted average price of EUR 62.525539, amounting to EUR 66,141,891.61. The transactions occurred across several markets, including XPAR, CEUX, TQEX, and AQEU. Further details about each individual trade can be found on the TotalEnergies website.