Your Portal for Key Energy Information and Research

TotalEnergies

Company Summary

Description

TotalEnergies is involved in Exploration & Production, Refining & Chemicals, Marketing & Services, Natural Gas Trading & Marketing, Crude Oil and Refined Products Trading & Marketing, Specialty Chemicals, and New Energies.

Website

http://us.total.com/en-us/total-usa/total-united-s...

Operational Regions

  • North America
  • South America
  • Middle East
  • Asia
  • Europe
  • Asia Pacific
  • Africa
  • Worldwide

Financial Data:

NYSE:TOT from Google Finance

Tickers:

  • TOT - New York Stock Exchange
  • TTA - London Stock Exchange Group

Related Entities

Firm Transport Commitments

Project: Santos GLNG Export Terminal
Firm Commitment: 1.5 mtpa

Project: Sabine Pass Train 5
Firm Commitment: 2 mtpa

Project: Energía Costa Azul LNG Export Project Phase 1
Firm Commitment: 0.8 mtpa

Project: Driftwood LNG
Firm Commitment: 2.5 mtpa

Project: Driftwood LNG
Firm Commitment: 1 mtpa

Project: Energia Costa Azul LNG Phase 1
Firm Commitment: 1.25 mtpa

Recent news

  • 4/24/2024 - TotalEnergies, Vanguard... (subscriber access)
  • 4/9/2024 - TotalEnergies CEO... (subscriber access)
  • 4/9/2024 - TotalEnergies Expands... (subscriber access)
  • 4/3/2024 - Sinopec and... (subscriber access)
  • 3/26/2024 - Credit Agricole Halts... (subscriber access)

Investor Presentations

  • 4Q22 Earnings Presentation
  • 4Q20 Earnings Presentation (subscriber access)
  • 2019 Results And Outlook February2020 (subscriber access)
  • Investors Day- September 2016 (subscriber access)
  • 1Q16 New Production Number Groups (subscriber access)
  • 1Q16 Press Release with Supplemental (subscriber access)

Company Transactions

Date: 8/30/2023
Type: Acquisition

DETAILS:

COST: 4.1 $B

VOLUMES: 135 M Bbls/d

NOTES:
After TotalEnergies received a slew of unsolicited offers for its Canadian oil sands assets, they have accepted an offer from Suncor for the entirety of the equity in TotalEnergies EP Canada Ltd. Suncor will buy the equity for $4.1 billion in cash along with future payments that could reach as much as $450 million.
REGIONS:
  • Canada
  • Date: 6/1/2022
    Type: Acquisition

    BUYERS:
  • TotalEnergies
  • DETAILS:

    COST: 1.6 $B

    NOTES:
    TotalEnergies has reached a deal to acquire a a 50% stake in Clearway Energy from GIP. Clearway is the 5th largest player in U.S. renewable energy and Totalenergies will pay $1.6 billion in cash for the stake in addition to giving GIP an interest if 50% minus one share n the TotalEnergies subsidiary which owns 50.6% of SunPower Corproation.
    REGIONS:
  • North America
  • Date: 8/29/2021
    Type: Acquisition

    NOTES:
    Novatek has signed a heads of agreement with Total to sell a 10% stake in Arctic Transshipment LLC, which is a Novatek subsidiary which will run two LNG transshipment complexes in the Kamchatka and Murmansk regions of Russia.
    REGIONS:
  • Russia
  • Date: 7/29/2021
    Type: Acquisition

    BUYERS:
  • TotalEnergies
  • SELLERS:
  • Bollore SA
  • DETAILS:
    NOTES:
    TotalEnergies has acquired 'Blue Charge' from the Bolloré Group for an undisclosed amount, which includes the purchase of >1,500 electric vehicle charging points across Singapore. That network accounts for 85% of all charging in Singapore, and the city-state is pushing to reach 60,000 charging points by 2030.
    REGIONS:
  • Asia
  • Date: 2/9/2021
    Type: Acquisition

    NOTES:
    Total has acquired a portfolio of 2.2-GW in solar and 600-MW in battery storage projects across Texas from SunChase Power and MAP RE/ES, a private energy investment company, for an undisclosed sum. The projects are all located near Houston and include four large-scale solar facilities with associated battery storage.
    REGIONS:
  • ERCOT
  • Date: 12/31/2020
    Type: Acquisition

    BUYERS:
  • Prax Group
  • SELLERS:
  • TotalEnergies
  • DETAILS:
    NOTES:
    Total has reached a deal to sell their 110 Mbbl/d Lindsey Refinery in the UK to Prax Group for an undisclosed sum. Closing is expected by year-end 2020.
    REGIONS:
  • Europe
  • Date: 12/31/2020
    Type: Acquisition

    NOTES:
    Total has entered into a deal to acquire Tullow's interest in the Ugandan Lake Albert oil project and the East African Crude Oil Pipeline development for $575 million. The deal covers a 33.3% stake in four Lake Albert licenses and the pipe, with $500 million due upon closing and $75 million after a final investment decision.
    REGIONS:
  • Africa
  • Date: 12/10/2020
    Type: Acquisition

    NOTES:
    Total has reached a deal with Sempra to acquire a 16.6% equity position in Phase 1 of the Energía Costa Azul LNG Project.
    REGIONS:
  • Gulf of Mexico
  • Date: 4/23/2020
    Type: Acquisition

    BUYERS:
  • TotalEnergies
  • SELLERS:
  • Tullow Oil PLC
  • DETAILS:

    COST: 575 $MM

    NOTES:
    Total has agreed to purchase Tullow Oil's Uganda onshore oil assets for $575 million, including $500 million in cash.
    REGIONS:
  • Africa
  • Date: 3/31/2020
    Type: Acquisition

    BUYERS:
  • TotalEnergies
  • DETAILS:

    COST: 800 $MM

    VOLUMES: 2.2 mtpa

    NOTES:
    Total has acquired Toshiba's U.S. LNG business for $800 million, effectively giving the French company control over 2.2 Mtpa of LNG to be produced by the Freeport LNG's third train while strengthening its foothold in the region as a buyer and marketer of LNG.
    REGIONS:
  • Gulf Coast
  • Date: 2/10/2020
    Type: Acquisition

    BUYERS:
  • Elengy
  • DETAILS:

    COST: 260 $MM

    NOTES:
    Elengy has acquired Total's 27.5% stake in the Fosmax LNG terminal operator for $260 million. This makes Elengy the sole equity owner of Fosmax.
    REGIONS:
  • Europe
  • Date: 1/28/2020
    Type: Acquisition

    DETAILS:

    COST: 165 $MM

    VOLUMES: 143 MW

    NOTES:
    Total has sold a 50% stake in Total Quadran, its French renewable generation arm, to Banque des Territoire for $165 million. The subsidiary holds 143-MW in solar and wind assets across France, including 11 wind farmds and 35 solar plants.
    REGIONS:
  • Europe
  • Date: 12/31/2019
    Type: Acquisition

    NOTES:
    Occidental has signed a contingent deal with Total to sell them Anadarko's assets in Africa for $8.8 billion if Oxy's bid to purchase Anadarko is completed. The assets include projects in Algeria, Ghana, Mozambique and South Africa and proceeds would cover a portion of the cash consideration proposed by Occidental.
    REGIONS:
  • Africa
  • Date: 12/30/2019
    Type: Acquisition

    SELLERS:
  • TotalEnergies
  • DETAILS:

    COST: 635 $MM

    VOLUMES: 25 MBOE/d

    NOTES:
    Total sold its British North Sea oilfields to private equity fund HitecVision and Petrogas for $635 million.
    REGIONS:
  • North Sea
  • Date: 12/25/2019
    Type: Acquisition

    BUYERS:
  • TotalEnergies
  • DETAILS:
    NOTES:
    The two firms will each hold a 50% working interest in the 1.4 million acre block and Apache will operate the first three exploration wells before transferring operatorship to Total. In exchange, Total will provide $5 billion in cash carry on the first $7.5 billion in development capital and then 25% of all cash carry on anything beyond the first $7.5 billion.
    REGIONS:
  • South America
  • Date: 10/15/2019
    Type: Acquisition

    BUYERS:
  • TotalEnergies
  • SELLERS:
  • Adani Gas
  • DETAILS:

    COST: 600 $MM

    NOTES:
    Total has entered into a deal to acquire a 37.4% stake in India's Adani Gas Ltd for $600 million. The purchase will be done via a tender offer to public shareholders for up to 25.2% and to the Adani family for the remainder of the stake.
    REGIONS:
  • Asia
  • Date: 9/30/2019
    Type: Acquisition

    BUYERS:
  • TotalEnergies
  • DETAILS:

    COST: 3.9 $B

    VOLUMES: 26.5 Percent

    NOTES:
    Total closed the $3.9 billion acquisition of a 26.5% operating stake in the Mozambique LNG project.
    REGIONS:
  • Africa
  • Date: 3/31/2019
    Type: Acquisition

    BUYERS:
  • TotalEnergies
  • SELLERS:
  • PAO Novatek
  • PROJECTS:
  • Arctic LNG 2
  • DETAILS:
    NOTES:
    Total has entered into a deal with Novatek to acquire an additional 10% stake in the Arctic LNG 2 Project
    REGIONS:
  • Russia
  • Date: 12/13/2018
    Type: Acquisition

    BUYERS:
  • Inpex Corp
  • SELLERS:
  • TotalEnergies
  • DETAILS:

    COST: 1.6 $B

    NOTES:
    Total SA has entered into a deal with Inpex to sell a 4% stake in the Australian Ichthys LNG Terminal
    REGIONS:
  • Australia
  • Date: 7/31/2018
    Type: Acquisition

    BUYERS:
  • Aker BP
  • SELLERS:
  • TotalEnergies
  • DETAILS:

    COST: 205 $MM

    VOLUMES: 83 MMBOE

    NOTES:
    Aker BP has entered into a deal with Total to acquire their stake in 11 Norwegian Continental Shelf Licenses for $205 million. The deal includes net recoverable resources of 83 MMboe, based in initial estimates.
    REGIONS:
  • Norwegian Continental Shelf
  • Date: 7/13/2018
    Type: Acquisition

    BUYERS:
  • TotalEnergies
  • SELLERS:
  • ENGIE S.A.
  • DETAILS:

    COST: 1.5 $B

    NOTES:
    Total stated that they will now hold a worldwide market share of 10% with 23 Mtpa in current LNG capacity and 40 Mtpa in LNG under management by 2020. This includes a 16.6% stake in Engie's Cameron LNG Project in the United States. By 2020, the deal will encompass a fleet of 18 LNG carriers which includes 2 FSRU's, an LNG trading contract portfolio of 28 Mtpa and a european regas capacity of 18 Mtpa.
    REGIONS:
  • International
  • Worldwide
  • Date: 3/31/2018
    Type: Acquisition

    BUYERS:
  • TotalEnergies
  • DETAILS:

    COST: 7.45 $B

    VOLUMES: 160 MBOE/d

    NOTES:
    Total reported that it has entered into a deal to acquire Maersk Oil & Gas A/S from A.P. Møller – Mærsk A/S in a share and debt transaction valued at $7.45 billion. Under terms of the deal, Maersk will receive $4.95 billion in Total shares and Total will assume $2.25 billion in Maersk Oil debt. The share payment consists of 97.5 million common shares, representing 3.75% of the share capital of Total.
    REGIONS:
  • International
  • Date: 3/1/2018
    Type: Acquisition

    NOTES:
    Marathon Oil reported that it has entered into a deal to sale its Libyan subsidiary, Marathon Oil Libya Limited, for $450 million in cash to Total S.A.
    REGIONS:
  • Middle East
  • Africa
  • Date: 2/5/2018
    Type: Acquisition

    BUYERS:
  • Qatar Energy
  • SELLERS:
  • TotalEnergies
  • DETAILS:
    NOTES:
    Total has signed an agreement to sell a 25% interest in the Exploration Block 11B/12B, offshore South Africa, to Qatar Petroleum.
    REGIONS:
  • Africa
  • Date: 6/1/2017
    Type: Acquisition

    BUYERS:
  • TotalEnergies
  • DETAILS:
    NOTES:
    TOTAL reported the acquisition of a 25% interest in the Al-Shaheen Field in Qatar. The deal will start in July 2017 and will run for 25 years
    REGIONS:
  • Middle East
  • Date: 12/31/2016
    Type: Acquisition

    SELLERS:
  • TotalEnergies
  • DETAILS:

    COST: 3.2 $B

    NOTES:
    Total SA announced that it has reached an agreement to sell its specialty chemicals unit to Carlyle Group for $3.2 billion.
    REGIONS:
  • Europe
  • Date: 12/20/2016
    Type: Acquisition

    BUYERS:
  • TotalEnergies
  • SELLERS:
  • Tellurian Inc.
  • PROJECTS:
  • Driftwood LNG
  • DETAILS:

    COST: 207 $MM

    NOTES:
    Total is acquiring 23% stake in Tellurian for purchase price of $207 million to develop an integrated gas project to supply natural gas to the Driftwood LNG project.
    REGIONS:
  • Gulf Coast