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TTE Totalenergies Se

61.60
0.05 (0.08%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Totalenergies Se LSE:TTE London Ordinary Share FR0000120271 TOTALENERGIES ORD SHS
  Price Change % Change Share Price Shares Traded Last Trade
  0.05 0.08% 61.60 753,748 16:35:29
Bid Price Offer Price High Price Low Price Open Price
59.30 64.70
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs USD 219.47B USD 21.38B USD 8.1645 7.61 161.21B
Last Trade Time Trade Type Trade Size Trade Price Currency
18:48:19 O 509,397 59.9444 EUR

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Date Time Title Posts
26/7/202408:05TOTALENERGIES SA815

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Posted at 26/7/2024 09:20 by Totalenergies Daily Update
Totalenergies Se is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker TTE. The last closing price for Totalenergies was 61.55 €.
Totalenergies currently has 2,619,131,285 shares in issue. The market capitalisation of Totalenergies is £162,726,626,737.
Totalenergies has a price to earnings ratio (PE ratio) of 7.61.
This morning TTE shares opened at -
Posted at 26/7/2024 08:05 by ariane
TotalEnergies to Buy Half of OranjeWind to Power Hydrogen Projects

by Jov Onsat
|

Rigzone Staff
| Friday, July 26, 2024 | 2:45 AM EST


RWE agreed to farm out a 50 percent stake in a planned 795-MW offshore wind farm in the Netherlands to TotalEnergies, which plans to use its share of the generation to power electrolyzer projects.


RWE AG has agreed to farm out a 50 percent stake in a planned 795-megawatt (MW) offshore wind farm in the Netherlands to TotalEnergies SE, which plans to use its share of the generation to power electrolyzer projects.

The partners have now also taken a final investment decision on the project, to rise on the Dutch side of the North Sea 53 kilometers (32.9 miles) off the coast of the town of Ijmuiden, German renewable electricity producer RWE said in a statement.

“TotalEnergies plans to decarbonize its European refineries' hydrogen and cut its CO2 emissions by around 5 million tons per year by 2030”, the French energy giant said in a separate press release. “In this context, the Company intends to allocate its share in OranjeWind to produce electricity to generate green hydrogen via electrolysis.

“The production of this green or low-carbon hydrogen, which will replace the hydrogen currently consumed in TotalEnergies' refineries, will avoid the emission of approximately 400,000 tons of CO2 per year.

“The project is a new milestone towards TotalEnergies’ goal of a 40 percent reduction in net greenhouse gas emissions linked directly to its oil and gas operations (Scope 1 and 2) by 2030, compared to the 2015 baseline”.

Expected to start service early 2028, OranjeWind will have an annual power production of about three terawatt hours, enough for over one million Dutch households, according to RWE. OranjeWind is its first offshore wind project in the Netherlands.

The facility will be integrated into the Dutch energy distribution system “to address the challenges presented by matching intermittent electricity production from renewables with flexible demand for energy”, RWE said.

“To this end, each partner will deliver their allocated part of system integration solutions, including electrolyzers, smart charging solutions for electric vehicles, e-boilers for heating and battery storage”, it said.

Offshore construction is scheduled to launch 2026, with suppliers already selected for main components, RWE said. Vestas will deliver 53 turbines with a capacity of 15 MW each while the monopiles will come from SiF, with Jan De Nul contracted to install these components. TKF will supply inter-array cables, while TenneT will implement the offshore-to-onshore grid connection.

OranjeWind will demonstrate a seabed battery system developed by Verlume and a pumped hydro-storage system from Ocean Grazer. The developers also plan to use scanning LiDAR (light detection and ranging system) to accurately measure wind at long ranges.

To maximize the project area, RWE has also partnered with SolarDuck, a Dutch-Norwegian provider of offshore floating solutions for solar energy, to develop a demonstration floating solar farm.

“Part of the OranjeWind project is also to accelerate the commercial application of new offshore technologies by supporting a vast amount of innovators and start-ups in demonstrating their innovation in an operational environment”, RWE said.

Sven Utermöhlen, chief executive for offshore wind at RWE, said, “The Netherlands is one of our strategic core markets to grow our green portfolio”.

To contact the author, email jov.onsat@rigzone.com
Posted at 25/7/2024 06:40 by waldron
TotalEnergies Buys Stake in RWE Wind and Green Hydrogen Project

By Francois de Beaupuy

July 24, 2024 at 12:04PM EDT


(Bloomberg) -- TotalEnergies SE agreed to buy a 50% stake in RWE AG’s project to build an offshore wind farm in Dutch waters, with a view to produce green hydrogen for the oil major’s European refineries.

The French energy giant’s decision is the latest step to replace the 500,000 tons of “gray” hydrogen used in the plants by 2030. The move will contribute to its goal of cutting greenhouse gas emissions from its oil and gas operations by 40% between 2015 and 2030.

Under the agreement, TotalEnergies will buy half the 795-megawatt OranjeWind project that will be built in the North Sea for an undisclosed amount, according to a statement Wednesday. The company will use its share of the output to power 350 megawatts of electrolizers that will produce 40,000 tons per year of green hydrogen, made from renewable energy.

Green hydrogen has been touted by European policymakers as key to reducing the use of fossil fuels in industries such as refining and steelmaking, while curbing the region’s dependence on energy imports. However, few large projects have reached final approval as the production process — which requires electrolyzers powered by renewables — remains more expensive than making hydrogen from natural gas.

The OranjeWind farm will produce enough green electricity to supply the equivalent of more than one million Dutch households, RWE said Wednesday.

In addition to producing green power and hydrogen, OranjeWind will also support the stability of the Dutch grid, TotalEnergies said. Construction of the wind farm is scheduled to start in 2026, with full commissioning expected in early 2028.

Last month, TotalEnergies signed a 15-year contract to buy 70,000 tons a year of green hydrogen from Air Products & Chemicals Inc. for its northern European refineries from 2030. The French energy firm is also developing projects to produce green and low-carbon hydrogen with Engie SA and Air Liquide SA for its refineries and biofuel plants in France.

--With assistance from Petra Sorge.

Bloomberg L.P.
Posted at 16/7/2024 12:50 by la forge
TotalEnergies and SSE to build EV charging points in Ireland

However, interest in electric cars among Irish consumers has waned amid global price volatility.


TotalEnergies currently operates more than 64,000 charging points in six European countries.

Tue, 16 Jul, 2024 - 12:00

Cáit Caden
IRISHEXAMINER

French energy giant TotalEnergies and British power generator SSE have entered into a contract together to install around 3,000 electric vehicle charging points in Ireland over the next five years.

The companies will deploy the high-power charge points of 150 kW and more under the brand name Source to meet demand from EV owners.

Mathieu Soulas, senior vice president of new mobilities at TotalEnergies, said the joint venture will extend the firm’s network in Europe “and stake out a key position as a reference high-power charging player.”

TotalEnergies currently operates more than 64,000 charging points in six European countries.

However, interest in electric cars among Irish consumers has waned amid global price volatility.

The number of electric vehicles sold in Ireland in the first half of 2024 plunged 25% on the same period a year earlier, according to figures from the Central Statistics Office (CSO).

Major players in the market including Tesla and Byd have entered into a price war in an effort to lure more customers, however this has driven down the value of electric cars overall.

Meanwhile, Tesla recently hiked the price of its Model 3 cars in response to tariffs imposed by the EU on China imports.
Posted at 22/11/2023 19:40 by the grumpy old men
EURONEXT Paris Share Price

TotalEnergies
61.85 -1.75%
Posted at 26/10/2023 08:49 by florenceorbis
TotalEnergies Posts Higher Q3 Attributable Net Income, Sales Decline
October 26, 2023 at 02:53 am EDT

(MT Newswires) -- TotalEnergies (TTE.PA, TTE.L, TTE.BR) said Thursday its net income for the third quarter grew, while sales decreased.

Consolidated net income attributable to the company for the three months ended Sept. 30 was $6.68 billion, compared with $6.63 billion a year ago. EPS was $2.73, compared with $2.56.

On the other hand, adjusted net income was $6.45 billion, and adjusted EPS was $2.63, compared with the year-ago period's $9.86 billion and $3.83, respectively.

The French energy company's sales were $59.02 billion, compared with $69.04 billion previously.

Meanwhile, the board decided to pay a third interim dividend for 2023 of 0.74 euro per share, up 7.25% from a year ago.

The stock rose marginally at the close of trading on Wednesday.

Price (GBP): £62.20, Change: £+0.17, Percent Change: +0.27%
Posted at 26/10/2023 08:47 by florenceorbis
TotalEnergies Posts Higher 3Q Profit, Increases Dividend
26/10/2023 8:06am
Dow Jones News




Thursday 26 October 2023


By Giulia Petroni



TotalEnergies increased shareholder distribution after its third-quarter profit rose, boosted by a supportive price environment.

The French oil-and-gas major said quarterly net profit came in at $6.68 billion compared with $6.63 billion in the same period last year. On an adjusted basis, profit was $6.45 billion.

Hydrocarbon production was 2.48 million barrels of oil equivalent a day from 2.67 million boe/d in the previous year. Excluding Russia's Novatek, production was up 5% on year boosted by the start-up of several projects.

The company expects fourth-quarter production of between 2.4 million boe/d and 2.5 million boe/d, reflecting the impact of the sale of oil sands assets in Canada.

Quarterly sales fell to $59.02 billion from $69.04 billion in the year-earlier period.

TotalEnergies said it anticipates cash proceeds of around $4.1 billion in the fourth quarter from the Canadian assets divestments, which could bring gearing below 8%. It plans net investments of between $16 billion and $17 billion for the current year.

The company will distribute a third interim dividend of 0.74 European cents ($0.78) a share for 2023, up 7.25% on year. Shareholder distribution is close to 43% of cash flow from operations at the end of September, in line with annual guidance of more than 40%.



Write to Giulia Petroni at giulia.petroni@wsj.com



(END) Dow Jones Newswires

October 26, 2023 02:51 ET (06:51 GMT)
Posted at 07/9/2023 06:59 by ariane
SPLASH

Maersk and TotalEnergies lose $187m Danish Supreme Court tax case

September 7, 2023


A.P. Moller – Maersk and TotalEnergies were dealt a blow by the Danish Supreme Court this week in a long-running dispute with the country’s tax authorities over income from oil and gas businesses in Algeria and Qatar.

The case involving the alleged misuse of transfer pricing was filed by the Danish Ministry of Taxation, claiming that Maersk’s oil unit, offloaded to TotalEnergies in a $7.45bn share and debt deal in 2017, had evaded tax in Denmark between 2006 and 2008.

According to court documents, the tax ministry claimed Maersk’s oil business over the specified period provided goods and services to two subsidiaries for free, altering its taxable income in Denmark.

The Supreme Court ruled that Maersk and TotalEnergies must pay tax on DKK1.3bn ($187m) of income generated from 2006 to 2008, overturning the country’s high court verdict in March 2022. The two companies also need to pay DKK4m in legal fees and DKK3m in interest to the tax ministry within two weeks.

“While we are surprised with the ruling it will not have any financial consequences for A.P. Moller – Maersk, since it has already been reflected in our annual tax payments throughout the relevant period to avoid interest payments,” Maersk said in a statement.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
Posted at 28/8/2023 06:06 by ariane
Sasol, TotalEnergies Face ZAR1.3 Billion Lawsuit From South Africa's Transnet
Today at 12:36 am

(MT Newswires) -- South African freight and ports company Transnet filed a 1.28 billion-rand lawsuit against energy giants Sasol (SOL.JO) and TotalEnergies (TTE.PA, TTE.L, TTE.BR) for short-paying tariffs for the transport of crude oil.

For the use of its pipeline, the state-owned company is seeking 815 million rands from Sasol and 461 million rands from TotalEnergies, Business Day reported Monday.

Sasol closed 2% in the green in Aug. 25 trading, while TotalEnergies was up marginally.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price (GBP): £23862.00, Change: £+357.00, Percent Change: +1.52%
Posted at 16/7/2023 09:19 by adrian j boris
How Big Oil Hijacked Germany’s Multi-Billion-Dollar Offshore Wind Auction


By Alex Kimani - Jul 14, 2023, 6:00 PM CDT

BP secured leases at two North Sea sites off the coast of Helgoland with total generating potential of about four gigawatts, paying a total of $7.5 billion.

TotalEnergies--through local subsidiaries--secured the other two sites for a total of $6.5 billion.


The U.S. government is considering opening 30 million acres of the Gulf of Mexico near Texas and Louisiana to offshore wind energy projects.



European oil and gas supermajors BP Plc (NYSE:BP) and TotalEnergies (NYSE:TTE) have won all of the capacity on offer in Germany’s 7GW offshore wind auction, the country’s biggest in history.


BP secured leases at two North Sea sites off the coast of Helgoland with total generating potential of about four gigawatts, paying a total of $7.5 billion.


The new sites--BP's first offshore wind projects in Germany--will nearly double the company’s global offshore wind pipeline.



Meanwhile, TotalEnergies--through local subsidiaries--secured the other two sites for a total of $6.5 billion. Germany currently has 8.4GW of operational offshore wind capacity.

“These awards are a huge milestone for BP's decarbonization plans in Germany and are a strong reflection of our wider strategy.

The renewable power we aim to produce will anchor the significant demand we expect for green electrons for our German operations," Anja-Isabel Dotzenrath, BP's EVP for gas and low-carbon energy, said.

But not everyone is particularly pleased with these giant clean energy projects. Multiple bidders, including the winning bids, pledged to build without any subsidies or state support aka ‘‘negative bidding’’;, thus triggering an additional “dynamic bidding procedure”. Negative bidding creates additional costs for offshore wind developers, which they pass on either to the supply chain, already struggling with inflation, or to the consumers, who are grappling with higher electricity prices and costs of living.



Indeed, WindEurope has called for an end to financial bid auctions after BP’s and Total’s historic wins:

“Crucially the European Union wants to strengthen its energy security with competitive and home-grown renewables. The EU needs as much new wind energy capacity as it can get, as fast as it can get it. All the money paid in negative bidding is money our companies cannot invest in other wind energy projects. European governments should therefore not follow the German example of negative bidding. For example the industrial capacity for the construction of wind turbines, foundations and the installation vessels. But investments are also needed in grids, ports and skilled workers. Negative bidding is unhelpful here. Companies along the wind energy supply chain will have to work with even tighter margins, as developers pass on the extra costs of negative bidding to them,” the trade body said.

Gulf Of Mexico Gearing For Massive Offshore Wind Scheme

Back in the United States, the offshore wind sector is beginning to garner some serious attention after receiving more than its fair share of flak by the former president. Last year, the Biden administration outlined a range of clean energy initiatives, key among them plans to hold the largest-ever sale of offshore wind leases in U.S. history and accelerate the deployment of new power lines to transmit renewable electricity across the country.

At the center of the offshore push was the sale of six commercial leases in the New York Bight between Long Island and New Jersey, the most successful offshore wind lease auction in history. The 488,000 acres offshore wind lease auction fetched a record $4.37 billion from companies looking to develop the waters, with the installed capacity expected to be between 5.6 GW and 7 GW, enough to power 2 million homes. The Department of Energy also launched a Building a Better Grid initiative that will tap billions of dollars in funding from the $1T infrastructure law passed in November to finance new lines and grid upgrades.

Well, the Biden administration is planning to roll out a giant offshore wind project that will dwarf New York Bight.

According to Politico, the U.S. government is considering opening 30 million acres of the Gulf of Mexico near Texas and Louisiana to offshore wind energy projects, part of Biden’s goal to build 30 gigawatts of wind power capacity by 2030, enough to power more than 10 million homes.

According to a report by the National Renewable Energy Laboratory (NREL), the U.S. will need more than 2,100 wind turbines, at least 2,100 foundations, more than 11,000 kilometers of cables and five wind turbine installation vessels to achieve its offshore wind energy target. Currently, the country has more than 70,000 existing wind turbines listed in continental U.S.

Perfect Fit

Though the Gulf’s waters haven’t sprouted any wind turbines yet, there are several reasons why the Gulf of Mexico is a perfect fit as an offshore wind hub.

First off, the Gulf Coast also has an abundance of companies and workers with decades of experience in producing energy offshore. According to the Energy Information Administration, Gulf of Mexico federal offshore oil production accounts for 15% of total U.S. crude oil production. Major fields include Eugene Island block 330 oil field, Atlantis Oil Field, and the Tiber oilfield (discovered 2009) while notable oil platforms include Baldpate, Bullwinkle, Mad Dog, Magnolia, Mars, Petronius, and Thunder Horse.

“We have a really mature base for energy. We’ve got the know-how,” Lefton said. The people, the companies, the manufacturers that know how to do [Outer Continental Shelf] energy development are in the Gulf of Mexico,” the Interior Department’s Bureau of Ocean Energy Management director Amanda Lefton has told Politico.

According to Hayes Framme, government relations manager for North America at Danish wind giant Ørsted A/S (OTCPK:DNNGY), the Gulf’s existing oil and gas infrastructure represents “a historic expertise.”

“One of the things that makes the Gulf area attractive is the fact that you’ve got a workforce that is accustomed to working on rigs in the ocean. It’s not like you have to build an industry. What you have to do here is basically help an existing industry evolve,’’; Dennis Arriola, CEO of the renewable energy company Avangrid Inc. (NYSE:AGR), has said.

Michael Hecht, the president and CEO of Greater New Orleans, says jobs in the Gulf’s traditional oil and gas industry have declined during the past decade, creating a sense of urgency to make a transition that allows people to retain their skills.

The Gulf could also become an important hydrogen hub, with wind power being used to generate green hydrogen to reduce greenhouse gas emissions from industries such as long-haul trucking, fertilizer manufacturing and aviation.

By Alex Kimani for Oilprice.com
Posted at 04/6/2023 06:44 by la forge
In accordance with its policy in favour of employee shareholding, the Board of Directors of TotalEnergies SE (Paris:TTE) (LSE:TTE) (NYSE:TTE) decided, on September 22, 2022, to carry out a capital increase reserved for eligible employees and former employees of TotalEnergies SE and its French and foreign subsidiaries in which the Company holds directly or indirectly more than 50% (in terms of capital or voting rights), that are members of the PEG-A Group savings plan, in France and abroad, under the conditions set by the twenty-second resolution at the Shareholders' Meeting of May 25, 2022.



On April 26, 2023, the Chairman and CEO set (i) the subscription period from April 28 to May 15, 2023 (included) and (ii) the subscription price at 45.60 euros per share, corresponding to the average of the closing prices of the TotalEnergies share on Euronext over the twenty trading sessions preceding the date of this decision, reduced by a 20% discount and rounded off to the highest tenth of a euro.



At the end of this period, 52,602 employees in 94 countries, representing 45.8 % of the eligible employees and former employees, subscribed to this capital increase for an amount of



353.9 million euros. These results are on the rise compared to the last two years in terms of participation rate and amount subscribed.



"The development of employee share ownership is at the heart of TotalEnergies' value share policy as it represents the best way to closely associate employees with its economic performance, strengthen their sense of belonging and align the interests of employees and shareholders. Once again this year, TotalEnergies' employees have confirmed their attachment to the Company and fully supported the strategy of transforming TotalEnergies into a multi-energy company, by subscribing largely to the capital increase reserved for them.", declared Patrick Pouyanné, Chairman and CEO of TotalEnergies.



As a result, 8,002,155 new shares will be issued on June 7, 2023. They will carry immediate dividend rights and will be fully assimilated with TotalEnergies shares already listed on Euronext.



Following this issuance, the employee shareholders in TotalEnergies SE's share capital, within the meaning of Article L. 225-102 of the French Commercial Code, will represent 7.67% of the Company's share capital as of June 7, 2023.
Totalenergies share price data is direct from the London Stock Exchange