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) is a global energy leader driving innovation across oil, natural gas, renewables, and chemicals. This dedicated news hub provides investors and industry professionals with timely updates on corporate developments shaping the energy transition.
Access official press releases and curated analysis covering quarterly earnings, strategic partnerships, exploration projects, and sustainability initiatives. Our repository simplifies tracking of operational milestones across TTE's integrated value chain – from upstream production to low-carbon energy solutions.
Key updates include regulatory filings, joint venture announcements, and technological advancements in LNG and solar energy. Stay informed about market-moving developments through verified sources, including executive statements, investment plans, and energy transition roadmaps.
Bookmark this page for streamlined monitoring of TTE's evolving position in traditional and renewable energy markets. Check regularly for essential updates impacting long-term energy sector analysis and investment considerations.
On May 25, 2022, TotalEnergies SE's Combined Shareholder's Meeting approved all resolutions proposed by the Board of Directors. Key decisions included the approval of 2021 financial statements, a €2.64 per share dividend, and the renewal of board members' terms. Notably, a sustainable development progress report received overwhelming support, with 89% of votes in favor, reinforcing the company's commitment to carbon neutrality by 2030. Auditing responsibilities were renewed for Ernst & Young, with PricewaterhouseCoopers joining as statutory auditors for the next six years.
TotalEnergies has signed an agreement with Global Infrastructure Partners to acquire 50% of Clearway Energy Group, marking its largest renewable energy acquisition in the US. This strategic investment positions TotalEnergies as a significant player in the US renewable market, with Clearway controlling 7.7 GW of operational assets and a 25 GW development pipeline. The transaction involves $1.6 billion in cash and aims to enhance Clearway's growth through TotalEnergies' trading capabilities. This acquisition aligns with TotalEnergies' goal to reach 100 GW of renewable capacity by 2030.
TotalEnergies has signed a long-term Sale and Purchase Agreement with Hanwha Energy Corporation to supply 600,000 metric tons of liquefied natural gas (LNG) annually for 15 years, beginning in 2024. This LNG will be sourced from TotalEnergies’ portfolio and delivered to South Korea's Tongyeong regasification terminal for use in an upcoming 1 GW power plant. This agreement enhances TotalEnergies' LNG shipments to South Korea, supporting the country's shift from coal to cleaner energy sources and aligning with TotalEnergies' strategic objectives.
TotalEnergies SE (TTE) announced its share repurchase activities conducted from May 16 to May 20, 2022, authorized by shareholders on May 28, 2021. During this period, the company purchased a total of 4,417,178 shares at an average price of €52.0694, totaling approximately €229.99 million. Significant transactions included purchasing 625,712 shares on May 16 at €51.5649 each. Detailed transaction data can be accessed on TotalEnergies' website.
TotalEnergies (TTE) has entered into a partnership with Sempra Infrastructure, Mitsui & Co., and Mitsubishi Corporation for the Hackberry Carbon Sequestration (HCS) project at Cameron LNG in Louisiana. This initiative aims to capture and store up to 2 million tons of CO2 annually, significantly reducing emissions at the LNG facility. The project is a part of TotalEnergies' strategy to deliver low-carbon LNG and enhance Europe's energy supply. The HCS project is awaiting necessary permits and definitive agreements before final investment decisions.
TotalEnergies (NYSE: TTE) has partnered with New Hope Energy to establish an advanced recycling facility in Texas aimed at transforming end-of-life plastic waste into recycled feedstock. The plant, which is expected to begin operations in 2025, will utilize patented pyrolysis technology, processing over 310,000 tons of plastic waste annually. TotalEnergies plans to use 100,000 tons of this recycled polymer feedstock in its Texas production units for food-grade packaging. This initiative supports TotalEnergies' goal of 30% circular polymers by 2030.
TotalEnergies (TTE) has partnered with New Hope Energy to establish an advanced recycling plant in Texas, expected to start production in 2025. This facility will utilize patented pyrolysis technology to convert over 310,000 tons of plastic waste annually into recycled feedstock. TotalEnergies plans to purchase 100,000 tons of this recycled polymer feedstock for manufacturing virgin-quality polymers used in food-grade packaging. The initiative aligns with TotalEnergies’ goal to produce 30% circular polymers by 2030, contributing to a more sustainable circular economy.
TotalEnergies (TTE) has sanctioned the Ballymore development, located 120 kilometers off Louisiana in the Gulf of Mexico. Holding a 40% working interest, TotalEnergies aims to develop three production wells linked to the Chevron-operated Blind Faith Floating Production Unit. The project is set to produce 75,000 barrels of oil per day starting in 2025, utilizing existing infrastructure to minimize development costs and emissions. This swift development, just four years post-discovery, aligns with TotalEnergies' strategy focused on low breakeven and emissions oil projects.
TotalEnergies SE (TTE) has announced a share repurchase program following the shareholder meeting on May 28, 2021. The purchases occurred from May 9 to May 13, 2022, totaling 4,660,442 shares with a daily weighted average price of €49.57, amounting to €230,999,841.53. The repurchase is in compliance with EU Market Abuse Regulation, detailed transactions can be reviewed on TotalEnergies' website.
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