Core Insights - TotalEnergies has completed the divestment of its 12.5% non-operated interest in the Bonga Field to Shell Nigeria and Nigerian Agip for a total of USD 510 million [1] Company Overview - TotalEnergies has been operating in Nigeria for over 60 years, employing more than 1,800 people across various business segments [2] - The company produced 209,000 barrels of oil equivalent per day (boe/d) in Nigeria in 2024, making it a significant contributor to TotalEnergies' hydrocarbon production [2] - TotalEnergies operates around 540 service stations in Nigeria and is committed to socio-economic development in the region [2] TotalEnergies Global Presence - TotalEnergies is a global integrated energy company involved in the production and marketing of oil, biofuels, natural gas, biogas, low-carbon hydrogen, renewables, and electricity [3] - The company employs over 100,000 people and operates in approximately 120 countries, with a focus on sustainability in its strategy and operations [3]

Group 1 - TotalEnergies has signed an agreement with Conoil Producing Limited to acquire an additional 50% stake in offshore exploration block OPL 257, increasing its ownership to 90% [1] - The transaction signifies TotalEnergies' deeper commitment to the deepwater oil sector in Nigeria, aligning with its strategy to focus on offshore oil and gas assets [1] - Conoil will retain a 10% stake in OPL 257 after regulatory approval, while also receiving a 40% interest in OML 136 from TotalEnergies [1] Group 2 - TotalEnergies plans to leverage existing infrastructure near the Egina oil field to optimize production growth cost-effectively [1] - The OPL 257 block contains oil resources discovered in the PPL 261 structure in 2005, which spans across license boundaries [1] - As part of the next drilling phase, TotalEnergies intends to deploy an appraisal well in OPL 257 in 2026 to assess the potential for development connection with the Egina floating production storage and offloading unit [1]

TotalEnergies is preparing to divest up to a 6% stake in Adani Green Energy Ltd (AGEL), reported The Economic Times, citing people familiar with the matter. The move marks a significant development in... ...

Core Viewpoint - TotalEnergies is considering selling up to 6% of its stake in Adani Green Energy Limited (AGEL) to capitalize on the significant increase in AGEL's valuation since its initial investment in 2021, which has risen from approximately $2.5 billion to nearly $8 billion [1][2][7]. Group 1: Stake and Valuation - TotalEnergies currently holds nearly 19% in AGEL through two subsidiaries, with 15.58% via TotalEnergies Renewables Indian Ocean Ltd and 3.41% through TotalEnergies Solar Wind Indian Ocean Ltd [1][7]. - The current market capitalization of AGEL is Rs 1.69 lakh crore, and a 6% sale could generate around Rs 10,200 crore (approximately $1.14 billion) for TotalEnergies [2][7]. Group 2: Strategic Intent - TotalEnergies' CEO Patrick Pouyanné has indicated a desire to reduce exposure to AGEL, stating that while AGEL is a strong company, the group will not deepen its green energy partnership with Adani [2][7]. - The potential sale aligns with TotalEnergies' broader strategy to prune its Asian renewables portfolio and reduce debt, with plans to cut annual capital spending by $1 billion, lowering it to $15-17 billion a year between 2027 and 2030 [7]. Group 3: Historical Context and Partnerships - TotalEnergies acquired a 20% stake in AGEL and 50% in its operating solar portfolio (over 2 GW) in January 2021 for $2.5 billion, which included a board seat and reinforced its commitment to renewables [5][7]. - The partnership between Adani and TotalEnergies also extends to the gas business, with both companies jointly holding 37.4% in a venture since 2018, focusing on city gas distribution, LNG terminals, and gas marketing [5][7].

Group 1 - Chevron Corporation and TotalEnergies SE are leading bidders for a 40% operating stake in Galp Energia's Mopane complex, with an announcement expected by year-end [1] - The Mopane discovery is significant, with an estimated 10 billion barrels of recoverable resources, positioning Namibia to become a top-15 oil producer in the next decade [2] - Namibia has no current commercial hydrocarbon production, but recent discoveries in the Orange Basin have made it a sought-after exploration frontier [3] Group 2 - The Mopane field's scale and strategic location have attracted interest from major companies, including ExxonMobil and Shell, although competition remains intense after some companies exited the bidding [4] - Chevron aims to revitalize its exploration portfolio and views Mopane as a potential anchor asset following mixed drilling results in the Orange Basin [5] - TotalEnergies operates the nearby Venus project, and developing Mopane could provide operational synergies, making Namibia a key focus for its growth plans amid challenges in other African projects [6] Group 3 - The competition between TotalEnergies and Chevron will significantly influence Namibia's energy future, determining the pace and structure of its emergence as a global oil supplier [7] - Securing the Mopane stake will position either company prominently in one of the world's promising new oil provinces [8]

TotalEnergies rejects accusations of complicity in war crimes, torture and enforced disappearances in Mozambique, the company said on Thursday following a complaint by a European rights group filed with French authorities. ...

TotalEnergies has strengthened its deepwater footprint offshore Nigeria after signing reciprocal deals with Conoil Producing that will lift the French major’s operated interest in block OPL257 from 40% to 90%. In exchange, Conoil will acquire TotalEnergies’ 40% stake in block OML136. The move consolidates TotalEnergies’ control over one of its most strategically positioned Nigerian offshore blocks. OPL257 sits adjacent to PPL 261, where the company and partners discovered the Egina South field two decades ...

Core Insights - TotalEnergies SE (NYSE:TTE) is recognized as one of the 12 Best European Dividend Stocks to Buy Now [1] - Piper Sandler has adjusted the price target for TotalEnergies to $70 from $69 while maintaining a Neutral rating [2] Financial Performance - In Q3 2025, TotalEnergies reported revenue of $43.8 billion, a decrease of over 7.5% compared to the same period last year [3] - Despite the revenue decline, the company achieved adjusted net income consistent with the previous year and generated $7.1 billion in cash flow, reflecting a 4% increase [3] - The Exploration & Production segment reported adjusted net operating income of $2.2 billion and generated $4.0 billion in cash flow, marking increases of 10% and 6% quarter over quarter [4] Strategic Developments - On November 17, TotalEnergies announced an agreement to acquire a 50% stake in EPH's flexible power generation platform in Western Europe, valued at €5.1 billion ($5.92 billion) [5] - This acquisition will more than double TotalEnergies' net gas-fired generation capacity, reinforcing its strategy to become a major integrated electricity provider in Europe [5]

Core Insights - TotalEnergies and Chevron are the leading candidates to acquire a 40% operating stake in Galp Energia's Mopane oil discovery offshore Namibia [1][3] - The Mopane field is estimated to contain at least 10 billion barrels of oil, attracting significant interest from global energy companies [2] - Namibia aims to become a top-15 global oil producer within the next decade, despite currently having no commercial oil production [2] Company Developments - Galp plans to select a partner for the Mopane project by the end of the year, with negotiations ongoing with a shortlist of preferred bidders [3] - TotalEnergies and Chevron both operate nearby oilfields in Namibia's Orange Basin, with TotalEnergies' Venus project potentially offering synergies despite development challenges [4] - TotalEnergies' success in Namibia would enhance Africa's role in its upstream portfolio, which constitutes up to 40% of its global oil and gas output [5]

Core Insights - TotalEnergies has signed agreements to acquire an additional 50% interest in offshore exploration block OPL 257, increasing its ownership to 90% [1] - The transaction enhances TotalEnergies' position in Nigeria's deepwater oil sector, aligning with its strategy to focus on operated offshore and gas assets [2] - Conoil will acquire TotalEnergies' 40% stake in block OML 136 as part of the deal [3] Company Strategy - TotalEnergies aims to leverage existing infrastructure around the Egina field for cost-effective production growth [2] - An appraisal well on OPL 257 is planned for 2026 to assess potential tiebacks to the Egina Floating Production Storage and Offloading (FPSO) facility [4] - The company remains committed to Nigeria, emphasizing its long-term investment strategy to support the country's energy growth [4] Recent Developments - TotalEnergies has achieved several milestones in Nigeria, including the start-up of Akpo West in early 2024 and the Ubeta gas project reaching FID in mid-2024 [4] - The company produced 209,000 barrels of oil equivalent per day in Nigeria in 2024 [4] - New exploration entries in deepwater blocks PPL 2000 and 2001 are planned for 2025 [4]