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.
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.
TotalEnergies has announced its acquisition of Tecoil, a Finnish company specializing in the production of Re-Refined Base Oils (RRBOs). Tecoil operates a production facility in Hamina, Finland, with a capacity of 50,000 tons of RRBOs per year.
The company has developed a circular economy network for collecting and re-refining used lubricants, producing high-quality base oils comparable to virgin oils. This acquisition will enable TotalEnergies to enhance its production of eco-friendly, high-performance lubricants, meeting growing customer demand for sustainable products.
The integration of Tecoil's expertise with TotalEnergies’ existing capabilities is anticipated to boost the company's position in the lubricant market.
TotalEnergies (NYSE:TTE) has agreed to sell its interest in several West of Shetland gas fields, including Laggan, Tormore, Glenlivet, Edradour, and Glendronach, along with the Shetland Gas Plant and nearby exploration licenses to The Prax Group.
The transaction, pending regulatory approval, will transfer approximately 7,500 barrels of oil equivalent production per day, mostly gas, to Prax. Relevant employees will also be transferred.
This sale aligns with TotalEnergies' strategy to divest mature, non-core assets. However, the company remains committed to the UK market, retaining operations in the North Sea and its Integrated Power and Renewables portfolio.
TotalEnergies (TTE) has signed an agreement to acquire a 60% interest and operatorship in Block STP02, located offshore Sao Tome and Principe, from ANP-STP. The remaining interest will be held by Sonangol (30%) and ANP-STP (10%). This transaction, subject to final approval, expands TotalEnergies' presence in an emerging basin 60 km off the coast of Principe. Block STP02 covers 4,969 km2 and is adjacent to Block STP01, where TotalEnergies holds a 55% stake. The company's decision follows promising 3D seismic data from Block STP01, aiming to enhance exploration efforts in the region.
TotalEnergies has announced the repurchase of its own shares over the period from June 17 to June 21, 2024.
The repurchase was executed under the authorizations granted by shareholders on May 24, 2024. The company bought a total of 2,980,000 shares at an average price of EUR 62.08 per share, amounting to approximately EUR 185 million.
These transactions were executed across several markets, including XPAR, CEUX, TQEX, and AQEU.
Full details of these trades can be found on the TotalEnergies website.
TotalEnergies (Paris:TTE) has been awarded a maritime lease by the German Federal Network Agency to develop a 1.5 GW offshore wind project in the North Sea.
Located 120 km northwest of Heligoland, this concession, N-11.2, will cover 156 square kilometers, enabling TotalEnergies to establish a 3.5 GW offshore wind hub in the region.
The company will pay €196 million to the German Federal government by June 2025 and an annual €88 million contribution for 20 years to the electricity transmission system operator from the project's commissioning.
This concession has a 25-year term, extendable to 35 years. This development supports TotalEnergies' goal to net-zero by 2050, expanding its renewable capacity to 35 GW by 2025.