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TotalEnergies SE ( (FR:TTE) ) has provided an update.
TotalEnergies, along with partners QatarEnergy and Petronas, has signed a production sharing contract for Block S4 in Guyana, marking its role as the operator of the offshore exploration license. This strategic move aligns with TotalEnergies’ goal of exploring low-cost, low-emission resources and strengthens its global partnerships, potentially enhancing its market position in the energy sector.
More about TotalEnergies SE
TotalEnergies is a global integrated energy company engaged in the production and marketing of various forms of energy including oil, biofuels, natural gas, biogas, low-carbon hydrogen, renewables, and electricity. With a workforce of over 100,000 employees, the company operates in about 120 countries, focusing on providing reliable, affordable, and sustainable energy solutions.
Learn more about TTE stock on TipRanks’ Stock Analysis page.