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.
On February 9, 2022, TotalEnergies SE (Euronext: TTE) announced a share capital decrease by canceling 30,665,526 treasury shares, representing 1.16% of its capital. This cancellation, executed from November 8 to December 22, 2021, reduces the total shares to 2,609,763,803, with voting rights totaling 2,769,135,419. The transaction does not alter the company's consolidated financial statements or impact earnings per share.
TotalEnergies continues as a global multi-energy company dedicated to producing and marketing sustainable energy across more than 130 countries.
Summary not available.
TotalEnergies and Veolia have entered a partnership to produce biomethane from Veolia's waste and water treatment facilities across over 15 countries. The initiative aims to generate up to 1.5 terawatt-hours (TWh) of biomethane annually by 2025, enough to power 500,000 homes while cutting CO2 emissions by 200,000 tons per year. TotalEnergies will market this renewable gas as fuel for mobility and alternatives to natural gas. This collaboration aligns with sustainable development goals and underscores TotalEnergies' commitment to becoming a major player in renewables.
On February 1, 2022, TotalEnergies announced the final investment decision for the Lake Albert Development Project in Uganda and Tanzania, with a total investment of approximately $10 billion. This project includes the Tilenga and Kingfisher oil projects and the East African Crude Oil Pipeline (EACOP), expected to produce 230,000 barrels per day by 2025. TotalEnergies aims to implement sustainability measures and biodiversity action plans while focusing on local development, renewable energy, and low-emission strategies.
TotalEnergies (Euronext: TTE) has announced its acquisition of BP’s retail network in Mozambique, which includes 26 service stations, a wholesale fuel business, and logistics assets. The deal enhances TotalEnergies’ existing operations, expanding its network to 83 service stations, solidifying its position as the leading petroleum retailer in the country. The acquisition aligns with TotalEnergies' strategy to invest in Mozambique's energy sector, including renewable energy and natural gas. The company aims to contribute to sustainable development and improve energy access in Mozambique.
TotalEnergies and the Rwanda Development Board signed a Memorandum of Understanding to collaborate on energy projects in Rwanda. The scope includes distribution of energy products, supply of LPG, renewable hydro-electricity, power storage solutions, carbon storage development, and education on energy transition. TotalEnergies also announced the establishment of TotalEnergies Marketing Rwanda Ltd and a permanent office in Kigali. CEO Patrick Pouyanné emphasized the commitment to Africa's energy sector, while Rwanda's CEO Clare Akamanzi highlighted the importance of skills transfer in renewable energies.
TotalEnergies (Euronext: TTE) has agreed to sell a 20% stake in the Greater Laggan Area fields and the Shetland Gas Plant to Kistos Energy Limited for a total of $125 million. The deal includes two contingent payments of up to $40 million linked to gas prices in 2022 and potential future developments. This transaction awaits UK regulatory approval. Following the sale, TotalEnergies will maintain a 40% interest in the fields, which produced approximately 8,000 barrels of oil equivalent per day in 2021.
TotalEnergies (Paris:TTE) and CMA CGM have launched the first ship-to-containership LNG bunkering operation in the Port of Marseille Fos, Southern France. The operation utilized the Gas Vitality, marking a significant step in supporting LNG's role in the maritime energy transition. The BALI, an LNG-powered containership, was refueled with approximately 6,000 m³ of LNG while simultaneously handling cargo operations. TotalEnergies aims to establish Marseille as an LNG bunkering hub in the Mediterranean.
TotalEnergies has announced its decision to withdraw from the Yadana gas field and MGTC in Myanmar due to worsening human rights conditions since the February 2021 coup. Despite halting ongoing projects, it will continue gas production to ensure supply to local populations. The withdrawal, which will be effective within six months, is being undertaken without financial compensation. TotalEnergies aims to facilitate a smooth transition to a new operator while addressing stakeholder concerns about revenue flows to the Burmese government via MOGE.
TotalEnergies has partnered with Masdar and Siemens Energy to co-develop a green hydrogen project aimed at producing sustainable aviation fuel (SAF) at a demonstrator plant in Masdar City, Abu Dhabi. This collaboration was announced during Abu Dhabi Sustainability Week 2022. The project seeks to establish the commercial viability of green hydrogen as a decarbonized fuel, with TotalEnergies contributing its expertise in SAF manufacturing. This initiative aligns with TotalEnergies' goal to achieve net-zero emissions by 2050.