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TotalEnergies SE ( (FR:TTE) ) has issued an announcement.
TotalEnergies has acquired a 49% interest in natural gas producing assets in the Anadarko Basin, Oklahoma, from Continental Resources. This acquisition enhances TotalEnergies’ integration in the U.S. LNG value chain, aiming to boost its natural gas production and secure a net gas production of around 150 MMscfd. The move aligns with TotalEnergies’ strategy to increase the share of natural gas in its sales mix to reduce carbon emissions and support the transition from coal to natural gas.
More about TotalEnergies SE
TotalEnergies is a global integrated energy company that produces and markets a wide range of energies including oil, biofuels, natural gas, biogas, low-carbon hydrogen, renewables, and electricity. With over 100,000 employees and operations in about 120 countries, the company emphasizes sustainability in its strategy and operations. TotalEnergies is the world’s third largest LNG player, with a comprehensive portfolio across the LNG value chain.
For a thorough assessment of TTE stock, go to TipRanks’ Stock Analysis page.