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 reports developments across its global integrated energy portfolio, including oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. News commonly covers quarterly operating and financial results, Exploration & Production activity, Integrated LNG performance, power generation assets, renewable project development and portfolio transactions.
Company updates also include shareholder distributions, share repurchase disclosures, combined shareholder meeting materials and technology investments such as high-performance computing used for seismic imaging, artificial intelligence and energy project modeling. TotalEnergies' recurring announcements connect commodity markets, project execution, capital allocation and governance across an energy business active in many countries.
TotalEnergies Foundation has allocated €200 million for the period 2023-2027 to support education and inclusion initiatives for vulnerable youth. In the recent call for partners, 26 projects benefiting nearly 55,000 young people were selected from 200 applications. The foundation aims to enhance job and education opportunities while supporting groups like those emerging from child protective services. Senior executives emphasized the importance of partnerships in amplifying social impact through innovative educational programs.
TotalEnergies and Air France-KLM have signed a 10-year Memorandum of Understanding (MoU) for the delivery of over 800,000 tonnes of Sustainable Aviation Fuel (SAF), beginning in 2023. This SAF, produced at TotalEnergies' biorefineries, will reduce CO2 emissions by at least 80% compared to fossil fuels. The partnership reinforces their long-standing collaboration aimed at decarbonizing the aviation sector. TotalEnergies plans to produce 1.5 million tonnes of SAF by 2030, further supporting environmental goals.
TotalEnergies has announced the sale of its affiliate, Total E&P Dunga GmbH, which holds a 60% interest in the Dunga oil field, to Oriental Sunrise Corp Ltd for $330 million. This transaction, pending regulatory approval, supports TotalEnergies' energy transition strategy. Additionally, the company plans to develop the Mirny wind project, the largest in Kazakhstan, featuring 200 wind turbines with a total capacity of 1 GW and a 600 MWh battery system. This project aims to provide low-carbon electricity to over 1 million people.
TotalEnergies SE has announced its share repurchase program authorized on May 25, 2022. Between November 21 and November 25, 2022, a total of 3,978,541 shares were repurchased at an average price of €57.81, amounting to €229,999,859.14. The purchases were conducted across various markets including XPAR, CEUX, TQEX, and AQEU. This move is part of the company’s strategy to enhance shareholder value through the buyback of shares.
Summary not available.
TotalEnergies responded to Bloom's open letter dated October 17, 2022, regarding its gas exploration project in South Africa. CEO Patrick Pouyanné confirmed the application for a production license filed on September 5. An environmental impact assessment is underway to outline economic, social, and environmental impacts. Notably, TotalEnergies has already reduced the license application's scope by excluding a protected marine area. This project aims to replace coal with gas, reducing CO2 emissions and air pollution in South Africa, and is accompanied by renewable energy initiatives, including solar projects.
TotalEnergies (Paris:TTE) and Air Liquide are collaborating to produce renewable hydrogen at the Grandpuits platform, with Air Liquide investing over €130 million. This new unit, utilizing biogas from TotalEnergies' biorefinery, will produce over 20,000 tons of low-carbon hydrogen annually, capturing over 110,000 tons of CO2. The project aligns with their goal to decarbonize hydrogen usage by 2030, contributing to a total investment over €500 million towards sustainable energy solutions aimed at achieving net zero emissions by 2050.
TotalEnergies (Euronext: TTE) has completed the joint acquisition of 8.16% of the Waha concessions in Libya from Hess, increasing its interest from 16.33% to 20.41%. This acquisition supports Libya's National Oil Corporation in boosting oil production and reducing gas flaring for power generation. The company is also advancing a 500 MWp solar plant project in partnership with Gecol to enhance renewable electricity supply. TotalEnergies has been active in Libya since 1954, with current production at 84,000 boe/d.
TotalEnergies (TTE) has signed a Framework Agreement with ENI and the State of Israel to implement a maritime boundary agreement with Lebanon, established on October 27, 2022. TotalEnergies operates Block 9 in Lebanon with a 60% interest, and exploration of prospects extending into Israeli waters will begin shortly. Preparations include team mobilization and equipment procurement. CEO Patrick Pouyanné highlighted the company's commitment to assessing hydrocarbon resources and production potential in the newly defined area.
On November 3, 2022, Greenpeace published a report claiming TotalEnergies' Scope 1 emissions exceeded 160 million tons of CO2e in 2019, while TotalEnergies reported them at 55 million tons. The company strongly refutes Greenpeace's claims, labeling them as misleading and damaging to its credibility. In response, TotalEnergies has decided to pursue legal action against Greenpeace to address the harm caused by this misinformation.