TotalEnergies SE NYSE:TTE Price, Chart, News & Insight

TotalEnergies has approved a $1.2 billion investment for the Mirny wind and battery energy storage project in Kazakhstan, marking one of the country’s largest renewable initiatives. The project will combine 1 GW of wind capacity with a 600 MWh battery system and is expected to supply electricity to around 1 million people.

Construction will support Kazakhstan’s goal of increasing renewable energy’s share to 15% by 2030, with full capacity targeted by 2029. The project’s output will be sold under a 25-year power purchase agreement with the government, while financing has been secured from a consortium of international lenders.

TotalEnergies, holding a 60% stake, said the project will enhance grid stability and strengthen its broader strategy to expand renewable energy capacity across Asia.

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The Investor 04-26-26

TotalEnergies announced a new hydrocarbon discovery on the Moho license offshore the Republic of Congo, reinforcing its upstream portfolio in the region.

The discovery was made following the drilling of the MHNM-6 exploration well, which encountered a hydrocarbon column of around 160 meters in high-quality reservoirs. Combined with a nearby earlier discovery, total recoverable resources are estimated at close to 100 million barrels.

The company plans to develop the find through a tie-back to existing Moho production infrastructure, enabling a faster and more cost-efficient development cycle. Current facilities in the area produce around 90,000 barrels of oil equivalent per day.

TotalEnergies operates the license with a 63.5% stake, alongside Trident Energy and Société Nationale des Pétroles du Congo.

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Global Finance News 04-13-26

TotalEnergies announced the completion of the merger of its UK North Sea upstream assets with NEO NEXT, creating a new entity named NEO NEXT+.

Following the transaction, TotalEnergies holds a 47.5% stake in the combined company, which is expected to become the largest independent oil and gas producer on the UK Continental Shelf, with projected 2026 production exceeding 250,000 barrels of oil equivalent per day.

The merger is aimed at generating operational synergies, strengthening cash flow, and enhancing efficiency across the asset portfolio.

The move reflects TotalEnergies’ strategy to optimize its upstream portfolio while maintaining a strong presence in the UK energy market alongside its broader transition toward integrated and lower-carbon energy solutions.

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The Investor 03-31-26

TotalEnergies has agreed to exit its U.S. offshore wind activities, signing settlement agreements with the Department of the Interior to relinquish leases in the Carolina Long Bay and New York Bight areas.

Under the deal, the company will recover its lease payments and redirect an equivalent amount of investment into U.S. gas and power projects, including LNG development. The decision follows internal assessments that offshore wind projects in the U.S. are relatively costly and could impact electricity affordability.

TotalEnergies plans to focus instead on expanding its LNG and gas operations, including potential long-term supply agreements, positioning these investments as a more efficient allocation of capital to meet rising energy demand and support exports to Europe.

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Global Finance News 03-24-26

TotalEnergies announced the start of production at the Quiluma offshore gas field in Angola, marking the country’s first development of a non-associated gas project. The company holds an 11.8% stake in the project, alongside partners including operator Azule Energy.

At full capacity, the field is expected to produce around 330 million cubic feet of gas per day, equivalent to approximately 2 million tonnes of LNG annually. The output will supply the Angola LNG plant, supporting exports to European and Asian markets.

The project is seen as a key step in strengthening Angola’s long-term gas supply and expanding its role in global LNG markets, while reinforcing TotalEnergies’ presence in the region.

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Global Finance News 03-19-26

TotalEnergies Starts Production at Quiluma Gas Field in Angola

TotalEnergies announced the start of production at the Quiluma offshore gas field in Angola, marking the country’s first development of a non-associated gas project. The company holds an 11.8% stake in the project, operated by Azule Energy.

At full capacity, the field is expected to produce around 330 million cubic feet of gas per day, equivalent to approximately 2 million tonnes of LNG annually. The output will supply the Angola LNG plant, supporting exports to European and Asian markets.

The project is seen as a key step in strengthening Angola’s long-term gas supply and expanding its role in global LNG markets, while contributing to the country’s broader energy development strategy.

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European Investor 03-17-26

TotalEnergies said production has been shut down or is in the process of shutting down at several offshore operations in Qatar, Iraq and the UAE due to the ongoing Middle East conflict, affecting about 15% of the company’s total output.

The company noted that onshore production in the UAE, representing about 210,000 barrels per day for TotalEnergies’ share, remains unaffected. The impacted Middle East volumes account for roughly 10% of the group’s upstream cash flow, as the region’s assets generate lower cash flow due to higher taxation.

TotalEnergies said higher oil prices are expected to offset the production losses, noting that an $8 per barrel increase in Brent crude would compensate for the expected 2026 cash flow from the affected assets. Operations at the Satorp refinery in Saudi Arabia continue normally, while the impact on LNG trading from Qatar shutdowns is expected to be limited. The company said it continues to monitor the situation closely.

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WS Investor 03-16-26

Repsol announced the start of oil production at the Lapa Southwest development in Brazil’s Santos Basin, approximately 300 km offshore. The project is operated by TotalEnergies in partnership with Shell and Repsol through the Repsol Sinopec Brazil joint venture.

The new development is expected to add about 25,000 gross barrels of oil per day at plateau, increasing total production from the Lapa field to roughly 60,000 barrels per day. Repsol Sinopec Brazil holds a 25% working interest in the project, while TotalEnergies owns 48% and Shell 27%.

Lapa Southwest was developed by connecting three subsea wells to the existing Lapa floating production, storage and offloading (FPSO) unit, allowing additional reserves to be produced using available processing capacity.

Repsol said the project supports its strategy of focusing exploration and production activities in core growth regions such as Brazil. Together with other projects including Cypre, Mento, Leon-Castile and Pikka, the company expects these developments to contribute around 80,000 low-cost, low-carbon-intensity barrels of production by 2027.

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Global Finance News 03-12-26

TotalEnergies announced the restart of production at the Mabruk oil field in Libya after more than a decade of inactivity.

The onshore field, located about 130 kilometers south of Sirte in concession C17, had been shut down since 2015. Production resumed on February 28, 2026, following the construction of a new facility with a capacity of 25,000 barrels per day. TotalEnergies holds a 37.5% interest in the field.

The restart is part of the company’s long-term presence in Libya, where it has operated since 1956. TotalEnergies said the project supports its strategy to develop low-cost, lower-emission oil production while contributing to its target of about 3% annual production growth through 2030.

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Global Finance News 03-12-26

TotalEnergies announced the start-up of the Lapa South-West project in Brazil’s Santos Basin, which will increase production from the Lapa field by about 25,000 barrels per day. The project, operated by TotalEnergies with a 48% stake, connects three new wells to the existing Lapa floating production unit and supports the company’s strategy to expand low-cost, low-emission oil production while targeting 3% annual output growth through 2030.

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The Investor 03-11-26

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