TotalEnergies (NYSE: TTE) has delivered a story of extremes over the past decade. The French energy giant navigated a devastating pandemic crash, rode the 2022 energy crisis to record profits, and now finds itself in a post-boom cooldown while attempting a gradual pivot toward renewable energy. For dividend investors, the question is whether that 5.92% yield remains sustainable as fossil fuel markets normalize. From Crisis to Boom and Back Again The past ten years split into distinct chapters for TotalEnerg ...

There is one potential negative with Chevron, particularly if you consider the world's changing energy demands. Simply put, the company is all-in on oil and natural gas even as nations around the world are increasingly shifting their infrastructure and investments toward cleaner energy alternatives and renewable power. Because of that, TotalEnergies, with its 5.9% yield, could be a solid choice.Historically, that model has been effective for the company, and even the most conservative dividend investors sho ...

TotalEnergies has signed an agreement with Galp that formalizes its operatorship over Namibia’s two largest offshore oil discoveries, Mopane and Venus, through a strategic asset swap that consolidates development control in the hands of the French major. Under the transaction, TotalEnergies will acquire a 40 percent operated interest in PEL 83, the block containing the Mopane discovery that Galp previously announced earlier this year. In exchange, Galp will receive a 10 percent interest in PEL 56, home to ...

Core Insights - TotalEnergies and Galp have agreed to swap stakes in three offshore oil licenses in Namibia, enhancing TotalEnergies' position as the operator of the Mopane and Venus discoveries [1][2] - The transaction is expected to be completed in 2026, pending approvals from Namibian authorities and joint venture partners [3] Stake Distribution - TotalEnergies will acquire a 40% operated interest in petroleum exploration license 88 (PEL83), which includes the Mopane oil discovery, and will hold a 35.25% operated interest in PEL56 and a 33.085% operated interest in PEL91 upon closing [3][4] - Galp will obtain a 10% participating interest in PEL56 and a 9.39% participating interest in PEL91 from TotalEnergies, while also holding a 40% interest in PEL83 [2][3] Financial Arrangements - TotalEnergies will carry 50% of Galp's capital expenditures for exploration and appraisal work on the Mopane discovery, which will be reimbursed through 50% of Galp's future cash flows generated by the project [2] Development Plans - TotalEnergies plans to develop the Venus discovery with a floating production, storage, and offloading unit capable of 160,000 barrels per day, aiming for a final investment decision in 2026 [6] - An exploration and appraisal campaign will be launched over the next two years, including three wells, with the first planned for 2026 [5] Strategic Goals - The collaboration aims to create a producing hub in Namibia, achieving synergies that will generate long-term value for Namibia and stakeholders [5] - TotalEnergies' chairman emphasized leveraging the company's operatorship track record to advance profitable and sustainable developments of both Venus and Mopane discoveries [4]

Mozambican President Daniel Chapo urged TotalEnergies to resume its $20 billion LNG project despite an ongoing audit of the company’s additional cost claims https://t.co/d3qwstXrUL ...

Core Viewpoint - TotalEnergies is set to acquire a 40% stake in Galp Energia's license in Namibia, which encompasses the Mopane discovery [1] Company Summary - TotalEnergies will enhance its portfolio in Namibia through this acquisition, indicating a strategic move to strengthen its position in the African energy market [1] - The Mopane discovery is a significant asset that could contribute to TotalEnergies' growth and exploration efforts in the region [1] Industry Summary - The acquisition reflects ongoing interest and investment in the African oil and gas sector, highlighting the potential for new discoveries and developments [1] - This move may influence competitive dynamics within the industry, as companies seek to secure valuable resources in emerging markets like Namibia [1]

Core Insights - TotalEnergies has acquired a 40% stake in Galp's Mopane offshore permit located in Namibia's Orange Basin, and will take over as the operator of the project [1] Company Summary - TotalEnergies is a French oil major that is expanding its operations in Namibia by acquiring a significant stake in an offshore permit [1] - Galp, a Portuguese firm, is divesting its stake in the Mopane offshore permit to TotalEnergies [1] Industry Summary - The deal highlights the ongoing interest and investment in offshore oil exploration in Namibia's Orange Basin, which is becoming a focal point for major oil companies [1]

Core Insights - BMW's supervisory board has appointed Milan Nedeljkovic as the new CEO, effective from May 14, 2026 [1] Company Summary - The appointment of Milan Nedeljkovic marks a significant leadership change for BMW as it prepares for future challenges in the automotive industry [1]

Core Points - TotalEnergies has signed an agreement with Galp Energia to initiate an exploration and appraisal campaign, including three wells over the next two years, with the first well planned for 2026 to advance the Mopane discovery [1][3] - TotalEnergies remains committed to the development of the Venus discovery and is working towards a potential final investment decision in 2026 [2] - The partnership with Galp is seen as a strong recognition of TotalEnergies' exploration and deepwater capabilities, reflecting confidence in Namibia as a future oil-producing country [3] - The completion of the transaction is subject to customary third-party approvals from Namibian authorities, expected to occur in 2026 [4] - TotalEnergies has been present in Namibia since 1964, employing 55 people and operating 43 service stations, positioning itself as the fourth largest fuel distributor in the country [4] - TotalEnergies will acquire a 40% operated interest in PEL83, which includes the Mopane discovery, while Galp will acquire a 10% participating interest in PEL56 and a 9.39% interest in PEL91 [6][7] - TotalEnergies will carry 50% of Galp's capital expenditures for the exploration and appraisal of the Mopane discovery, to be repaid through 50% of Galp's future cash flows from the project [6]

Core Viewpoint - TotalEnergies is merging its UK upstream business with NEO NEXT Energy to form NEO NEXT+, an independent oil and gas producer in the UK, demonstrating its commitment to the UK oil and gas sector and energy security [1][3]. Group 1: Transaction Details - The merger will combine TotalEnergies' UK upstream assets, including Alwyn North, Dunbar, and Culzean, with NEO Energy's and Repsol UK's interests in various fields such as Elgin/Franklin, Penguins, Mariner, and Shearwater [2]. - The transaction is expected to be completed in the first half of 2026, pending regulatory approvals [2]. - TotalEnergies will hold a 47.5% stake in NEO NEXT+, with HitecVision and Repsol UK holding 28.9% and 23.6%, respectively [3]. Group 2: Financial Implications - TotalEnergies will retain up to $2.3 billion in decommissioning liabilities related to its legacy assets, which will support the cash flows of the combined entity [3]. - NEO NEXT+ is projected to produce over 250,000 barrels of oil equivalent per day (boepd) by 2026 [5]. Group 3: Strategic Importance - TotalEnergies' operational expertise in low-cost and low-emissions operations is expected to enhance cash flow generation for NEO NEXT+ [4]. - NEO NEXT+ aims to play a significant role in ownership consolidation within the UK Continental Shelf (UKCS) for the foreseeable future [6][7].