TotalEnergies (TTE) will sign a final investment decision, or FID, on Tuesday for a more than $10B offshore oil and gas development in Suriname, which will be the country’s first, four sources with knowledge of the project told Reuters’ America Hernandez and Ank Kuipers. The Gran Morgu field has estimated recoverable resources amounting to 700M barrels of oil equivalent and is adjacent to Exxon Mobil’s (XOM) massive 11B barrel find in neighboring Guyana, the report noted.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TTE:
- TotalEnergies target raised to EUR 80 from EUR 75 at RBC Capital
- TotalEnergies downgraded to Hold from Buy at Kepler Cheuvreux
- TotalEnergies price target lowered to EUR 36 from EUR 40 at Berenberg
- TotalEnergies (TTE) Announces Q4 Dividend: Save the Dates!
- TotalEnergies price target lowered to EUR 73 from EUR 74 at BofA