TTE Stock Recent News
TTE LATEST HEADLINES
TotalEnergies (TTE) inks a deal to sell its entire interest in West of Shetland assets. This move is in line with TTE's strategy to actively manage its portfolio by monetizing mature assets.
TotalEnergies (TTE) expanded its operation in Africa by acquiring an interest in a region offshore, Sao Tome and Principe. The company has operations near the new block, which will assist in development.
TotalEnergies (TTE) wins maritime lease in the North Sea to develop 1.5 GW of offshore wind. This achievement is in sync with TTE's goal to reach net-zero emissions by 2050.
TotalEnergies (TTE) and Nigerian National Petroleum Corporation are set to develop the Ubeta gas field. This project is in sync with TTE's strategy of developing low-cost and low-emission projects.
Oil major TotalEnergies and utility EnBW won a 2.5 gigawatt (GW) offshore wind site auction in Germany that fetched 3.02 billion euros ($3.22 billion), the country's network regulator said on Friday.
TotalEnergies delivered a solid Q1 with lower sales and production levels offset by a decrease in costs and downstream profits. Recent discoveries in frontier regions Namibia and Suriname of ~5.8Bboe (of which 5.1Bboe in Namibia) are key to provide long-term growth optionality post-2030. I estimate the aggregated equity resource of ~2.7Bboe could boost liquids reserves by up to 23% and be worth ~$10.1B or 5% of current market cap.
Nigeria's state oil firm NNPC Ltd and TotalEnergies will invest $550 million to develop a gas processing facility in southern Rivers state to boost exports and domestic supplies, an NNPC source said on Wednesday.
Namibia adds further upside potential with the company's intention to approve a first large-scale oil development by 2025. Potential primary listing move to New York could close TotalEnergies' valuation gap. Guidance is unchanged, and substantial remuneration is fully covered by the free cash flow yield. This means a buy.
TotalEnergies (TTE) decides to sell its mature assets in Brunei for $259 million to focus more on the most promising assets across the globe.
TotalEnergies (TTE) signs an agreement for annual supply of green hydrogen. Green Hydrogen usage should assist TTE in decarbonizing all of its European refineries.