Latest news with #TotalEnergiesSE
Business Wire
2 days ago
- Business
- Business Wire
Brazil: TotalEnergies Increases its Interest in Lapa
PARIS--(BUSINESS WIRE)--TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the signature of an agreement with Shell Brasil Petróleo Ltda to exchange its 20% non-operated interest in the Gato do Mato project for an additional 3% interest in Lapa, a producing offshore oil field. Upon closing, TotalEnergies will increase its stake in Lapa to 48% (Operator), alongside Shell (27%) and Repsol Sinopec (25%). Located in the Santos Basin, 270 kilometers off the coast of Brazil, Lapa is a deep-offshore field operated by TotalEnergies. The Lapa South-West tie-back development, approved in 2023, will increase production by 25,000 barrels per day upon start-up by year-end, bringing total output of the field to 60,000 barrels per day. 'This transaction is aligned with our strategy to focus on low-cost, low-emission projects, such as Atapu 2 and Sepia 2 in Brazil, sanctioned in 2024. In addition, it further strengthens our operated position in the Lapa field, in the pre-salt Santos Basin,' said Javier Rielo, Senior Vice President Americas, Exploration & Production at TotalEnergies. This agreement is subject to customary conditions precedent, notably regulatory approvals. *** About TotalEnergies in Brazil TotalEnergies has been operating in Brazil for 50 years and employs close to 4 000 people in the country. Its presence encompasses Exploration & Production, gas, renewable electricity (wind, solar, batteries), lubricants and elastomer processing. TotalEnergies' Exploration & Production portfolio currently includes 11 licenses, of which four are operated. In 2024, the Company's average production in the country was 153,000 barrels of oil equivalent per day. TotalEnergies is investing in the growth of the renewable energy segment in Brazil: in October 2022, it entered a partnership with Casa dos Ventos, Brazil's leading renewable energy player, to jointly develop a 12 GW renewable energy portfolio, including onshore wind, photovoltaic and battery storage. About TotalEnergies TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to providing as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations. X @TotalEnergies LinkedIn TotalEnergies Facebook TotalEnergies Instagram TotalEnergies Cautionary Note The terms 'TotalEnergies', 'TotalEnergies company' or 'Company' in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words 'we', 'us' and 'our' may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies' financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).
Business Wire
29-05-2025
- Business
- Business Wire
Nigeria: TotalEnergies Divests its Non-Operated Interest in the Bonga Field
PARIS--(BUSINESS WIRE)--TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces that its subsidiary TotalEnergies EP Nigeria (TEPNG) signed an agreement with Shell Nigeria Exploration and Production Company Ltd (SNEPCo) for the sale of its non-operated 12.5% interest in the OML118 Production Sharing Contract (PSC) for an amount of $ 510 million. OML118 PSC is operated by SNEPCo (55%), in partnership with Esso Exploration and Production Nigeria (20%), TotalEnergies EP Nigeria (12.5%), and Nigerian Agip Exploration (12.5%). Located deep offshore at 120 km south of the Niger Delta in Nigeria, it contains the Bonga field, which started production in 2005, as well as the Bonga North field, the development of which started in 2024. Production from the OML 118 PSC, which is mainly oil, represents approximately 11,000 boe/d in Company share in 2024. Completion of the transaction is subject to customary conditions, including regulatory approvals. "TotalEnergies continues to actively high-grade its Upstream portfolio, to focus on assets with low technical costs and low emissions, and to lower its cash breakeven" said Nicolas Terraz, President Exploration & Production at TotalEnergies. 'In Nigeria, the Company is focusing on its operated gas and offshore oil assets and is currently progressing the development of Ubeta project, designed to sustain gas supply to Nigeria LNG.' About TotalEnergies in Nigeria TotalEnergies has been present in Nigeria for more than 60 years and employs today more than 1,800 people across different business segments. Nigeria is one of the main contributing countries to TotalEnergies' hydrocarbon production with 209,000 boe/d produced in 2024. TotalEnergies also operates an extensive distribution network which includes about 540 service stations in the country. In all its operations, TotalEnergies is particularly attentive to the socio-economic development of the country and is committed to working with local communities. About TotalEnergies TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to providing as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations. X @TotalEnergies LinkedIn TotalEnergies Facebook TotalEnergies Instagram TotalEnergies Cautionary Note The terms 'TotalEnergies', 'TotalEnergies company' or 'Company' in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words 'we', 'us' and 'our' may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies' financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).
Yahoo
28-05-2025
- Business
- Yahoo
TotalEnergies and Singapore's RGE to Develop Solar and Battery Storage Project in Indonesia
Singapore's Royal Golden Eagle (RGE) and France's TotalEnergies SE (NYSE:TTE) announced that their joint venture, Singa Renewables, will develop a large-scale solar and battery energy storage project in Indonesia's Riau Province. The project, which will be built in multiple phases, is designed to supply clean energy to industrial areas in Riau and export solar power to Singapore. This initiative aims to support Indonesia's decarbonization goals while enhancing energy collaboration across the region. The official signing of the Co-Investment Agreement took place on May 28 at the Presidential Palace, witnessed by Indonesian President Prabowo Subianto and French President Emmanuel Macron. This event highlighted the project's strategic importance and the strong government backing from both nations. Helle Kristoffersen, president of TotalEnergies SE (NYSE:TTE) Asia and a member of its executive committee, made the following comment: "This project aims to drive the development of regional renewable energy infrastructure and advance the ASEAN Power Grid vision." RGE's Managing Director, Imelda Tanoto, noted that the partnership reflects the company's commitment to improving regional energy connectivity and advancing the broader energy transition. Beyond supporting emissions reduction efforts, the initiative is expected to position Indonesia as a key player in the global renewable energy sector. It is set to generate skilled jobs in solar, energy storage, and grid engineering, while also enhancing local supply chain capabilities. The project is aligned with broader ASEAN goals for cross-border clean energy trade and regional energy integration. TTE has surged by nearly 6% since the start of 2025. While we acknowledge the potential of TTE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TTE and that has 100x upside potential, check out our report about this cheapest AI stock. READ MORE: and Disclosure. None.
Yahoo
27-05-2025
- Business
- Yahoo
TotalEnergies Oil Production Bolstered in Brazil with Mero Field-Strike
TotalEnergies SE (NYSE:TTE) is on the cusp of increasing its oil production by 3% per year between 2024 and 2030. That was evident after the oil major announced its first oil from a fourth development of its Mero field on the Libra block in Brazil on May 27. Mero-4 is the new phase well that connects 12 wells to the new Alexandre de Gusmão FPSO (Floating Production, Storage and Offloading) unit. A engineer overseeing a exposed network of pipelines connected to tanks at an oil refinery. With a production capacity of 180,000 barrels of oil per day, the new project is poised to bring Mero's production capacity to 770,000 b/d. It would be a significant addition, considering TotalEnergies average production in 2024 stood at 153,000 barrels a day. The Mero 4 project is also designed to ensure minimal greenhouse gas emissions while delivering oil at the lowest cost. Consequently, the Mero 4 project is expected to generate significant free cash flow to bolster TotalEnergies balance sheet. In addition to bolstering oil production in Brazil, TotalEnergies is also investing in renewable energy as it seeks to diversify its revenue source. In partnership with Casa dos Ventos, the company is in the process of developing a 12GW renewable energy portfolio that includes onshore wind, battery storage, and photovoltaic. TotalEnergies SE is an integrated energy company that produces and markets oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity. While we acknowledge the potential of TotalEnergies SE (NYSE:TTE) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TTE and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None.
Yahoo
23-05-2025
- Business
- Yahoo
TotalEnergies: Ordinary and Extraordinary Shareholders' Meeting on May 23, 2025
Approval of the resolutions supported by the Board of Directors PARIS, May 23, 2025--(BUSINESS WIRE)-- The Combined Shareholders' Meeting of TotalEnergies SE (Paris:TTE) (LSE:TTE) (NYSE:TTE) was held on May 23, 2025, under the chairmanship of Mr. Patrick Pouyanné. The shareholders adopted all the resolutions supported by the Board of Directors, including in particular: Approval of the 2024 financial statements and payment of a dividend of €3.22 per share for that fiscal year, Renewal of a three-year term as Director for Ms. Lise Croteau, Appointment of a three-year term for Ms. Helen Lee Bouygues and Mr. Laurent Mignon as Directors, as well as for Ms. Valérie Della Puppa-Tibi, as Director representing employee shareholders, Setting of the aggregate annual compensation amount for directors and approval of the compensation policy applicable to directors, Approval of the compensation components paid during 2024 or allocated for that year and of the compensation policy applicable in 2025 to the Chairman and Chief Executive Officer, Various delegations of competence and financial authorizations granted to the Board of Directors. In addition, as part of a formal item put on the agenda, the Shareholders' Meeting discussed the Sustainability & Climate - Progress Report 2025, reporting on the progress made in the implementation of the Corporation's ambition with respect to sustainable development and the energy transition towards carbon neutrality and its related targets by 2030. The full results of the votes as well as the presentations made to shareholders will be available on May 30, 2025 on the website. About TotalEnergies TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations. X @TotalEnergies LinkedIn TotalEnergies Facebook TotalEnergies Instagram TotalEnergies Cautionary Note The terms "TotalEnergies", "TotalEnergies company" or "Company" in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words "we", "us" and "our" may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. TotalEnergies SE has no liability for the acts or omissions of these entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies' financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC). TotalEnergies Media Relations: +33 (0)1 47 44 46 99 l presse@ l @TotalEnergiesPR Investor Relations: +33 (0)1 47 44 46 46 l ir@ View source version on Contacts TotalEnergies SE Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
