Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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Totalenergies Se | LSE:TTE | London | Ordinary Share | FR0000120271 | TOTALENERGIES ORD SHS |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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-0.05 | -0.09% | 55.30 | 52.80 | 57.80 | - | 276,846 | 16:35:17 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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Crude Petroleum & Natural Gs | 219.47B | 21.38B | 8.1645 | 6.77 | 144.97B |
Date | Subject | Author | Discuss |
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29/8/2022 07:20 | TotalEnergies SE on Monday said that its carbon dioxide capture and storage venture, Northern Lights, has secured its first commercial agreement from Yara International ASA. Starting in early 2025, 800,000 tons of carbon dioxide a year from Yara's Sluiskil ammonia and fertilizer plant will be captured, compressed, and liquefied in the Netherlands before being transported and permanently stored more than two kilometers under the seabed off the coast of Norway, the French energy company said. Northern Lights is a CO2 storage venture owned in equal shares by TotalEnergies, Equinor ASA and Shell PLC. It allows for the transportation and storage of CO2 emissions from European industry to boost the continent's decarbonization initiatives, TotalEnergies said. The venture's Phase 1 installations are expected to be operational by 2024 and will have the ability to handle 1.5 million tons of CO2 a year. In future expansions, its capacity could increase to up to 5 million tons a year, TotalEnergies said. Write to Pierre Bertrand at pierre.bertrand@wsj. (END) Dow Jones Newswires August 29, 2022 02:09 ET (06:09 GMT) | adrian j boris | |
29/8/2022 06:18 | TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the signature of a commercial agreement between Northern Lights and Yara to transport and store CO(2) captured from Yara Sluiskil, an ammonia and fertilizer plant in the Netherlands. From early 2025, 800,000 tons of CO(2) per year will be captured, compressed, and liquefied in the Netherlands and then transported to the Northern Lights site to be permanently stored in geological layers some 2,600 meters under the seabed off the coast of Øygarden, in Norway. This agreement, the first of its kind worldwide, is a major milestone in the decarbonization of heavy industry in Europe, paving the way for international CO(2) transport and storage as a service. It sets a new standard for European industrial companies looking to use Northern Lights solutions as part of their decarbonization strategies. "Developing CO(2) transportation and storage services is crucial for decarbonizing European industry: we are pleased to welcome Yara as first commercial partner for Northern Lights, which will help support its decarbonization strategy," said Patrick Pouyanné, Chairman and Chief Executive Officer of TotalEnergies. " TotalEnergies aims to develop a CO2 storage capacity of more than 10 million tons per year by 2030, both for its own facilities and for its customers, in line with its ambition to get to net zero by 2050, together with society." "Yara, our first commercial customer, will fill the available capacity of Northern Lights Phase 1. This agreement will establish a market for CO(2) transport and storage. From early 2025, we will be shipping the first tons of CO(2) from the Netherlands to Norway. This will demonstrate that CCS is a climate tool for Europe," said Børre Jacobsen, Northern Lights Managing Director. "We urgently need to take action to decarbonize industry, and Yara is a frontrunner in the field. I am very pleased to announce that we are now on our way to removing CO(2) emissions from our production plant in Sluiskil. This will take us a step closer to carbon-free food production and accelerate the supply of clean ammonia for fuel and power production, " said Svein Tore Holsether, CEO of Yara International. The Northern Lights Project As the first project to create a cross-border value chain, Northern Lights is designed to give European industrial companies a solution for safely and permanently storing their CO(2) emissions underground. The Phase 1 installations are scheduled to come on stream in 2024, with the ability to handle 1.5 million tons of CO(2) per year. Several industries have shown growing interest in these services. As a result, additional capacity will be developed to accommodate rising demand, up to 5 million tons per year. Northern Lights is owned in equal shares by TotalEnergies, Equinor and Shell. TotalEnergies and Carbon Capture and Storage (CCS) TotalEnergies' focus is first to avoid then to reduce its emissions by developing and deploying a systematic approach, asset-by-asset, to implement the best available technologies. In particular, the Company is developing industrial projects for carbon capture, transport, and storage (CCS). Backed by core competencies in large-scale project management, gas processing and geosciences, TotalEnergies is on track to achieve its ambition of developing storage capacity of 10 million metric tons of CO(2) per year by 2030 through significant industrial projects such as Northern Lights in Norway and Aramis in the Netherlands. Through all its CCS projects, the Company will reduce its own emissions and those of its customers. About TotalEnergies TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people. | waldron | |
26/8/2022 17:18 | TotalEnergies SE said Friday that it is selling its 49% interest in Terneftegaz, which operates the Termokarstovoye gas and condensates field in Russia, to natural-gas producer Novatek. The terms of the deal enable the French energy company to recover outstanding sums invested in the field, it said. It didn't disclose the transaction value. TotalEnergies agreed to the sale last month, and the Russian authorities signed off on the deal Thursday, it said. Closing is expected in September. Russia's Novatek is now the sole owner of the business, it said separately on Friday. TotalEnergies has denied speculation that it was involved in producing kerosene for the Russian army via its partnership with Novatek. According to FactSet, TotalEnergies holds a 16.5% stake in Novatek. Write to Cristina Roca at cristina.roca@wsj.co (END) Dow Jones Newswires August 26, 2022 09:53 ET (13:53 GMT) | waldron | |
26/8/2022 08:33 | TotalEnergies SE on Friday denied speculation that it was involved in producing kerosene for the Russian army via its partnership with natural-gas producer Novatek. The statement follows a previous denial and comes in response to speculation in French newspaper Le Monde earlier this week that TotalEnergies may have had a hand in supplying Russia's military with gas condensate for jet fuel as part of its partnership with Novatek. The French energy company said such speculation had no basis in fact. "The range of products derived during processing at the Ust-Luga Complex includes jet fuel that is exclusively exported outside Russia, and it does not even have the certification to be sold inside the country," TotalEnergies said. Write to Maitane Sardon at maitane.sardon@wsj.c (END) Dow Jones Newswires August 26, 2022 03:28 ET (07:28 GMT) | waldron | |
23/8/2022 08:11 | TotalEnergies announces offshore gas discovery in Block 6 Published by Emily Thomas, Assistant Editor Oilfield Technology, Tuesday, 23 August 2022 08:51 TotalEnergies and Eni have made a significant gas discovery at the Cronos-1 well, in Block 6, offshore Cyprus. This discovery follows the Calypso-1 discovery made on the same Block in 2018. Located at approximately 160 km southwest of the Cyprus coast, Cronos-1 encountered several good quality carbonate reservoir intervals and confirmed overall net gas pay of more than 260 meters. “This successful exploration well at Cronos-1 is another illustration of the impact of our Exploration strategy which is focused on discovering resources with low technical cost and low carbon emissions, to contribute to energy security including to provide an additional sources of gas supply to Europe” said Kevin McLachlan, Senior Vice President, Exploration at TotalEnergies. The drilling of another exploration well on Block 6 is planned, in order to investigate significant additional resource upside and to evaluate the best development options. TotalEnergies holds a 50% interest in Block 6, where Eni is the operator (50%). In Cyprus, TotalEnergies is also present in offshore Block 11 (50%, operator), 7 (50%, operator), 2 (20%), 3 (30%), 8 (40%) and 9 (20%). | adrian j boris | |
23/8/2022 07:15 | TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and its partner SSE Renewables, has announced first power generation from the Seagreen offshore wind farm, 27km off the coast of Angus in Scotland. The first turbine, of a total of 114, was commissioned in the early hours of Monday morning. The aim is for the 1075 MW farm to be fully operational in the first half of 2023. The $4.3bn Seagreen project will be Scotland's largest offshore wind farm and the world's deepest fixed bottom wind farm as it is being developed in 59 meters of water depth. "We are delighted to announce the start of power generation from Seagreen, our first offshore wind steps in the UK North Sea" said Vincent Stoquart, Senior Vice President Renewables at TotalEnergies. "This marks a new step in the development of TotalEnergies' offshore activities capacity. This milestone will contribute directly to our objective of reaching 35 GW of renewable electricity capacity worldwide by 2025." "We often talk about key milestones along a project's journey, and Seagreen has had a number to date, but to see this turbine turning in the North Sea and to have reached first power safely, is a fantastic achievement for everyone connected to the project. The project has already brought several benefits to the local community, the UK supply chain and, once completed, Seagreen will make a significant contribution to Scotland and the UK's ambitious renewable energy targets," said Paul Cooley, Director of Offshore Wind, SSE Renewables. TotalEnergies entered into an agreement with SSE Renewables to acquire a 51% stake in the Seagreen project in June 2020. Seagreen has a capacity of 1075 megawatts (MW). When fully operational, the site will produce around 5 terawatt hours (TWh) of renewable electricity per year, enough to power the equivalent of 1.6 million households. TotalEnergies and offshore wind in the UK Over the past two years TotalEnergies has increased its presence in the UK market, the world leader in offshore wind. In 2020 after taking a majority stake in Seagreen, TotalEnergies entered the Erebus (96 MW) and Valorous (300 MW) floating offshore windfarm projects in Wales. In February 2021, TotalEnergies and consortium partner Corio Generation won rights to develop a 1.5 GW offshore wind farm off the coast of Lincolnshire (Outer Dowsing). Finally, in January 2022, TotalEnergies, with Corio Generation and RIDG, secured leasing rights to develop the West of Orkney Windfarm, a 2 GW offshore windfarm in Scotland (Scotwind). About Seagreen The 1075 MW Seagreen Offshore Wind Farm project is located 27km off the coast of Angus in the North Sea firth. A GBP3bn joint venture between TotalEnergies (51%) and SSE Renewables (49%), Seagreen will be Scotland's largest and the world's deepest fixed bottom offshore wind farm when complete. Find out more at seagreenwindenergy.c TotalEnergies and offshore wind TotalEnergies is already developing a portfolio of offshore wind projects with a total capacity of more than 11 GW, of which 2/3 are bottom-fixed and 1/3 are floating. These projects are located in the United Kingdom (Seagreen project, Outer Dowsing, Erebus, ScotWind), South Korea (Bada project), Taiwan (Yunlin project), France (Eolmed project) and the United States (New York Bight project, North Carolina project). The Company has also been qualified to participate in competitive tenders in the US, UK, France and Poland, and will also participate in tenders in Norway and Netherlands. TotalEnergies and renewables electricity As part of its ambition to get to net zero by 2050, TotalEnergies is building a portfolio of activities in renewables and electricity. At the end of June 2022, TotalEnergies' gross renewable electricity generation installed capacity is close to 12 GW. TotalEnergies will continue to expand this business to reach 35 GW of gross production capacity from renewable sources and storage by 2025, and then 100 GW by 2030 with the objective of being among the world's top 5 producers of electricity from wind and solar energy. About TotalEnergies TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people. | waldron | |
22/8/2022 08:44 | Technip Energies and Clough to perform FEED for TotalEnergies’ Papua LNG facility Published by Abi Larkin, Editorial Assistant LNG Industry, Monday, 22 August 2022 09:07 Technip Energies, leader of a consortium with Clough, has been selected to perform the FEED for TotalEnergies’ Papua LNG project’s upstream production facilities in Papua New Guinea. The upstream production facilities cover the development of the Elk and Antelope onshore gas fields, including the well pads and the central processing facility. It also incorporates a carbon capture and sequestration (CCS) scheme to remove the fields’ native CO2 and reinject it into the reservoirs. Technip Energies and Clough offer a very robust combination to identify and tackle the specific challenges of this project, lay solid foundations for its execution, and foster a sustainable ecosystem around it. Loic Chapuis, SVP Gas and Low Carbon Energies of Technip Energies, commented: “We are very proud to be entrusted by TotalEnergies for this strategic development which will feed the future Papua LNG trains. Leveraging our expertise designing gas units, integrating technologies, and managing CO2 as well as our experience delivering large scale projects, we are committed to make this project a reference in the industry.” John Galvin, Executive Vice President APAC of Clough, said: “I am pleased for Clough to be part of another important and exciting project supporting our communities in Papua New Guinea. Our strong history of working in Papua New Guinea combined with our diverse engineering capabilities stand us in good stead for the delivery of the continuing scope of work which we will endeavour to be awarded.” | grupo guitarlumber | |
20/8/2022 08:16 | xxnjr 20 Aug '22 - 08:44 - 57894 of 57894 0 0 0 Worth remembering the details of Africa Oil's Kenya Farm Down to Maersk Oil back in 2015. AOI sold a 25% stake for $344m + S83m + $15m + $75m + $405m = $892m At the time that valued TLW's stake [50%] at $1.784bn TLW still have 50% and are trying to offload an undisclosed % to ONGC Videsh and Indian Oil Corporation. Maersk Oil was subsequently bought by Total France which accounts for Total's 25% position today. | la forge | |
18/8/2022 07:25 | Conclusion We really like what we see with TotalEnergies, both from a management and a valuation standpoint. This investment could deliver market crushing returns of 15% per annum. Keep in mind that TTE will have to build out its renewables and LNG businesses, and invest its capital prudently to achieve this result. This company has a strong balance sheet, industry leading operating costs, and some very fast-growing revenue streams. We've analyzed a lot of oil companies here on Seeking Alpha, and TTE is thus far our favorite. If you know of some hidden risks we didn't catch, please drop a comment down below. As for now, we have a "strong buy" rating on the shares. This article was written by Jordan Sauer 1.5K Followers | grupo guitarlumber | |
07/8/2022 07:27 | Summary The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility. The company presents an interesting fundamental situation from a short-term investment perspective. The company has a good ESG score relative to its sector, according to Refinitiv. Strengths The equity is one of the most attractive in the market with regard to earnings multiple-based valuation. The stock, which is currently worth 2022 to 0.55 times its sales, is clearly overvalued in comparison with peers. The company appears to be poorly valued given its net asset value. The company has a low valuation given the cash flows generated by its activity. The company is one of the best yield companies with high dividend expectations. Over the past year, analysts have regularly revised upwards their sales forecast for the company. Over the last 4 months, analysts have significantly revised upwards the company's estimated sales. For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year. For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised. Analysts covering this company mostly recommend stock overweighting or purchase. The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock. The opinion of analysts covering the stock has improved over the past four months. Weaknesses As estimated by analysts, this group is among those businesses with the lowest growth prospects. Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations. | misca2 | |
05/8/2022 18:33 | Goldman Sachs analyst Michele della Vigna maintains his buying opinion on the stock. The price target remains unchanged at EUR 74. | gibbs1 | |
03/8/2022 10:43 | Pro_S2009 3 Aug '22 - 04:21 - 4028 of 4028 0 2 0 As posted on the ECO thread.... ------------- hxxps://oilnow.gy/fe 100M-barrel Jethro well could be Guyana’s first oil production project outside Stabroek Block By OilNOW August 2, 2022 The fallout from Russia’s invasion of Ukraine has resulted in a spike in oil prices. Now, the Orinduik Block partners – Eco Atlantic, Tullow Oil, TotalEnergies and Qatar Energy – plan to revisit the commercialisation potential of the Jethro discovery. Two tertiary discoveries were made at the Orinduik Block in 2019 at the Jethro and Joe wells, both heavy oil finds. Jethro, in particular, had encountered 55 metres of net oil pay. Tullow’s Chief Executive, Paul McDade had told S&P Global Platts that the Joint Venture (JV) is “confident of the commercial value” of the project, even as a standalone development, but a development decision did not come to fruition. The consortium had decided to move on with plans to target lighter crude in the future. This is not the first time the Orinduik partners decided to revisit the potential commerciality of the Jethro discovery. But now that the price of crude is high, the Jethro well is much more valuable. However, partners will have to contend with the fact that government intends to renegotiate fiscal terms for any find outside of the Stabroek Block that contractors intend to produce. If the partners do decide to tap this well, it could be the first Guyana development outside of the prolific Stabroek Block. Another contender could have been CGX Energy with the Kawa-1 discovery, but the company dubbed it a “finder well” and is moving on to another prospect at Wei-1. Orinduik Block operator, Tullow Oil, is also preparing to submit drilling commitments to the Government of Guyana for the Orinduik Block. “Eco and its JV partners are committed to further drilling on the Orinduik Block and, with its JV partners, are assessing all opportunities available to drill at least two exploration wells into the light oil cretaceous targets as soon as practical,” Eco said. “The company is fully aligned with its JV partners on careful target selection based on the reprocessed 3D and the block and nearby oil discoveries for the next drilling campaign and Eco expects to be able to update the market on further drilling plans in due course,” the company said on Monday. A recently updated report showed that the best gross prospective resource estimate for the Orinduik Block is 8.1 billion barrels of oil equivalent, with 681 million barrels of oil owed to Eco Atlantic and 544 billion cubic feet of gas. The Orinduik Block lies 170 kilometers (km) offshore and covers 1,800 square kilometers (km²). Tullow has 60% operating interest while Eco-Atlantic has 15% working interest and the TotalEnergies/Qatar Energy JV has 25%. | gibbs1 | |
31/7/2022 10:13 | Upcoming events on TOTALENERGIES SE 09/21/22 Ex-dividend day for interim dividend 09/28/22 | 01:00pm Investor Day - Strategy and Outlook 10/27/22 | 07:00am Q3 2022 Earnings Release | grupo guitarlumber | |
31/7/2022 07:12 | Algeria, Nigeria, and Niger sign MoU for $13bn Trans Saharan gas pipeline Oil & GasMidstreamPipeline By NS Energy Staff Writer 29 Jul 2022 The more than 4,000km long onshore gas pipeline is planned to start in Warri in Nigeria, travel through Niger, and end in Hassi R’Mel in Algeria, from where it will connect to existing pipelines that reach Europe Pipeline sunset. The Trans Saharan gas pipeline will have a transportation capacity of up to 30bcm per year. (Credit: outgunned21/Freeimag Algeria, Nigeria, and Niger have inked a memorandum of understanding (MoU) to build the $13bn Trans Saharan gas pipeline that will traverse the three African countries across the Sahara Desert. The MoU was signed in Algiers by the Algerian Minister of Energy and Mines Mohamed Arkab, Nigerian Minister of State for Petroleum Resources Timipre Sylva, and Niger Minister of Energy and Renewable Energy Mahamane Sani Mahamadou. Expected to be more than 4,000km long, the onshore pipeline is designed to transport up to 30 billion cubic metres (bcm) of natural gas per annum to Europe. The MoU follows an agreement in June 2022 between the three African countries for reviving the gas pipeline project, which had been discussed for nearly four decades. In 2009, an accord was signed by Nigeria, Niger, and Algeria to build the Trans Saharan gas pipeline project with an aim to commission it in 2015. However, the project could not be implemented so far due to various reasons, which include security concerns. Last month, the Nigerien oil ministry stated that the three African countries had established a task force for the pipeline project and designated an entity for updating a feasibility study, reported the Al Jazeera Media Network. The proposed pipeline will source natural gas from Nigeria and traverse north through Niger, and further to Algeria. It is planned to start in Warri in Nigeria and end in Hassi R’Mel in Algeria. From there, it will connect to existing pipelines that reach Europe. The project’s revival come at a time when the European Union is grappling with the supply of natural gas and is looking for alternative sources, following the launch of Russia’s military operations in Ukraine. | the grumpy old men | |
30/7/2022 13:23 | Thanks Waldron. Yes, UK tax resident. I have messaged Hargreaves Lansdown but no response yet. | huckers |
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