TotalEnergies Expands U.S. Offshore Footprint by Acquiring New Stake

Key Takeaways TotalEnergies acquired a 25% stake in 40 U.S. offshore leases from Chevron to expand exploration acreage. The deal adds East Breaks, Mississippi Canyon, and Walker Ridge blocks to TTE's U.S. offshore portfolio. It is in sync with TTE's strategy of filling Exploration portfolio with low-cost and low-emission options. TotalEnergies SE (TTE) announced the acquisition of a 25% working interest in a portfolio of exploration leases Offshore U.S. from Chevron Corporation (CVX) . This deal would inc ...