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 (Euronext: TTE) has announced a $50 million contribution to the Tropical Asia Forest Fund 2 (TAFF2), which aims to invest in certified plantations and conservation in Southeast Asia, including Indonesia, Malaysia, Laos, Cambodia, Thailand, and Vietnam. This investment is part of a broader $300 million initiative to develop sustainable forestry assets, which will also support local economies and reinforce biodiversity. TotalEnergies aims to enhance its presence in Asia and align with the UN Sustainable Development Goals while promoting nature-based solutions to combat climate change.
TotalEnergies (NYSE: TTE) has formed a joint venture with Trident Winds Inc. for a 1 GW offshore wind project, Castle Wind, off Central California. This venture involves acquiring shares from EnBW North America and aims to contribute to California's clean energy goals. TotalEnergies intends to leverage its expertise in offshore wind, having developed a portfolio exceeding 10 GW globally, including participation in the upcoming Bureau of Ocean Energy Management lease sale in late 2022. The company aims to become a top five renewable energy producer by 2030.
TotalEnergies (Paris:TTE) condemns Russia's military aggression against Ukraine, expressing solidarity with affected populations. The company will provide fuel to Ukrainian authorities and aid to refugees in Europe. TotalEnergies supports European sanctions and will cease funding new projects in Russia, indicating potential impacts on its operations there. The company's stance reflects a commitment to responsible business practices amidst geopolitical tensions.
TotalEnergies SE (Paris:TTE) reported share repurchases from February 21 to February 25, 2022, totaling 2,513,136 shares valued at €124,191,784.29. The average purchase price during this period was €49.4171 per share. Notably, on February 24, the highest volume of shares purchased was 655,026 at a price of €48.0896. The company emphasized compliance with the EU Market Abuse Regulation, offering detailed transaction data on its website. TotalEnergies is dedicated to producing various energy sources while promoting sustainability.
TotalEnergies has won the maritime lease area OCS-A 0538 from the BOEM for an offshore wind farm in the New York Bight, with a project cost of US$ 795 million. The project is set to generate 3 GW of power, enough for about one million homes, and is expected to be operational by 2028. With this win, TotalEnergies will acquire EnBW's interests as the latter refocuses on Europe. This offshore venture marks a significant move towards TotalEnergies' goal of achieving 100 GW of renewable energy capacity by 2030.
TotalEnergies (Paris:TTE) has won the maritime lease area OCS-A 0538 from the BOEM in the New York Bight auction for US$ 795 million. This offshore wind farm project, located 47 nautical miles from the U.S. East Coast, can generate at least 3 GW of power for approximately one million homes by 2028. As part of this agreement, TotalEnergies will acquire EnBW's interest in this lease and expand its renewable portfolio, which now exceeds 10 GW globally.
TotalEnergies (Euronext: TTE) has announced a significant discovery of light oil with associated gas at the Venus prospect in Namibia's Orange Basin. The Venus 1-X well revealed approximately 84 meters of net oil pay within a high-quality Lower Cretaceous reservoir. TotalEnergies holds a 40% working interest in block 2913B, alongside partners QatarEnergy (30%), Impact Oil and Gas (20%), and NAMCOR (10%). A comprehensive coring and logging program has been completed to evaluate the commercial potential of this discovery.
TotalEnergies SE has announced its share repurchase transactions conducted from February 14 to February 18, 2022, under the authority granted by shareholders on May 28, 2021. A total of 2,736,285 shares were repurchased at a daily weighted average price of 51.0180 EUR/share, amounting to 139,599,878.61 EUR. Transactions occurred on various markets, including XPAR, CEUX, TQEX, and AQEU. The complete breakdown of individual trades is available on the TotalEnergies website.
TotalEnergies (NYSE:TTE) and APA Corporation announced a new oil and gas discovery at the Krabdagu-1 well in Block 58, offshore Suriname. This site, located 18 kilometers from Sapakara South, was drilled at a water depth of 780 meters, revealing approximately 90 meters of net oil pay across high-quality Maastrichtian and Campanian reservoirs. The exploration boosts the company’s resources in the area, supporting plans for further exploration and potential oil development by the end of 2022. TotalEnergies holds a 50% interest in Block 58, with APA Corporation owning the remaining share.
TortoiseEcofin announced that Suez SA will be removed from the Ecofin Global Water ESG Index due to its merger with Veolia Environment SA. This removal, effective February 18, 2022, follows index rules triggered by corporate actions like mergers. The Ecofin Global Water ESG Index includes companies engaged in water infrastructure and management. The announcement highlights TortoiseEcofin's commitment to essential assets and its role in this significant industry transaction.