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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.
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Bayport Polymers LLC, a joint venture between TotalEnergies and Borealis, has begun commercial operations of a new ethane cracker in Port Arthur, Texas, with a capacity to produce one million tons of ethylene annually. This $2 billion project, employing over 2,500 workers at its peak, will supply ethylene as feedstock for existing polyethylene units and a new polyethylene unit currently under construction. TotalEnergies aims to bolster its petrochemical presence in the U.S., leveraging the abundant ethane supply.
TotalEnergies has announced its withdrawal from Myanmar's Yadana gas field and associated gas transportation company MGTC on July 20, 2022, due to ongoing human rights concerns. This decision, effective after a six-month notice, aligns with European sanctions from February 2022. The company has committed to a responsible exit by ensuring employment for its Myanmar workforce with the new operator, PTTEP, while establishing a fund to support local communities. TotalEnergies reiterates its condemnation of human rights abuses in Myanmar and supports the country's return to peace.
TotalEnergies (Paris:TTE) has initiated the first phase of front-end engineering and design (FEED) studies for the Papua LNG project, aimed at enhancing Papua New Guinea's LNG export capacity. The integrated FEED is expected to launch in Q4 2022, targeting a final investment decision by late 2023 and project startup by the end of 2027. The project emphasizes sustainability through a carbon capture and storage scheme. TotalEnergies is a leading low-carbon LNG company, holding a 10% market share globally and striving for a 50% gas sales mix by 2030.
TotalEnergies (Paris:TTE) has signed a 25-year extension of its Production Sharing Contract with Sonatrach, Occidental, and Eni for onshore Blocks 404a and 208 in the Berkine basin, Algeria. This agreement, under the new Algerian Hydrocarbon Law, aims to develop additional hydrocarbon resources and reduce carbon intensity. The partnership will also explore the potential for gas resource development to enhance export capabilities to Europe. This contract represents a strategic step in TotalEnergies' commitment to low-cost oil production while focusing on carbon reduction.
On the occasion of a state visit by Sheikh Mohamed bin Zayed Al Nahyan of the UAE, TotalEnergies (TTE) and Abu Dhabi National Oil Company (ADNOC) signed a strategic partnership agreement. The agreement focuses on developing oil and gas projects in the UAE, supplying diesel to France, and exploring a commercial carbon capture project. TotalEnergies has a significant presence in the UAE, producing 280,000 barrels of oil equivalent per day and holding various stakes in ADNOC's oil concessions. This partnership aims to enhance energy supply security and sustainability.
In the second quarter of 2022, TotalEnergies (TTE) reported an average Brent price of $113.9 per barrel, up from $102.2 in the previous quarter. Average liquids prices rose to $102.9 per barrel, with average gas price at $11.01 per Mbtu. Upstream production is projected to decrease by 0.1 Mboe/d due to maintenance and disruptions in Nigeria and Libya. Refining results are expected to be exceptional due to high distillate and gasoline cracks. Despite strong performance in gas and LNG trading, it may not replicate first-quarter highs.
TotalEnergies SE (Euronext: TTE) announced share repurchases from June 20 to June 27, 2022, with a total of 5,371,822 shares acquired at an average price of €49.49, totaling €265,864,385.36. The transactions were conducted under the authorization from the shareholders’ general meeting held on May 25, 2022. The report includes detailed daily purchase volumes and prices per transaction. For more information, a full breakdown of trades is available on the TotalEnergies website.
TotalEnergies SE (TTE) announces share repurchases from June 13 to June 17, 2022, totaling 4,700,530 shares at an average price of €52.9669. The total transaction value amounted to €248,972,448.57. This move follows the authorization from the shareholders' meeting on May 25, 2022, aimed at enhancing shareholder value and managing the capital structure. The detailed transaction breakdown can be found on TotalEnergies' website.
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