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TotalEnergies SE ( (FR:TTE) ) has provided an announcement.
TotalEnergies has completed the acquisition of SapuraOMV Upstream’s gas assets in Malaysia, enhancing its position in the region with significant interests in offshore blocks SK408 and SK310. This move is expected to bolster TotalEnergies’ production capabilities, particularly with the Jerun gas field contributing to the Bintulu LNG plant, and aligns with the company’s strategic focus on sustainable energy production.
More about TotalEnergies SE
TotalEnergies is a global integrated energy company involved in producing and marketing oil, biofuels, natural gas, green gases, renewables, and electricity. Operating in approximately 120 countries, the company emphasizes sustainability in its strategy and operations, employing over 100,000 people worldwide.
YTD Price Performance: -11.34%
Average Trading Volume: 2,411,390
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €125.3B
For a thorough assessment of TTE stock, go to TipRanks’ Stock Analysis page.
