TotalEnergies SE (TTE) Stock

The use of fossil fuels, like coal, is still increasing around the world, even with the focus on renewable energy. The demand for oil and natural gas keeps going up. While renewable energy is becoming more popular, current technology prevents it from reaching its full potential.

TTE and OQAE have agreed to work together on renewable energy projects in Oman, aiming for a total capacity of 300 MW. This partnership aligns with TTE's objective to assist Oman in its shift towards cleaner energy sources.

TotalEnergies, a major French oil company, announced on Wednesday that it will buy the German renewable energy developer VSB Group for 1.57 billion euros ($1.65 billion) from the Swiss asset management firm Partners Group.

TTE has signed a power purchase agreement with the Saudi Power Procurement Company. This move highlights TTE's approach to using various energy sources to aid in the energy transition.

During the Saudi-French Investment Forum in Riyadh on Tuesday, which was attended by French President Emmanuel Macron, Saudi Arabia made agreements for solar energy projects with international partners.

TotalEnergies has stopped the development of a wind farm near New York following Donald Trump's election win, according to the CEO of the French company.

TotalEnergies is looking for permission to drill as many as seven exploration wells in the southern area of its Deep Water Orange Basin (DWOB) block, located off the west coast of South Africa, according to documents from the environmental consulting firm SLR released on Tuesday.

On Tuesday, Adani Green Energy announced that there are no new financial agreements being considered with TotalEnergies. This statement came a day after the French oil company mentioned it was halting new investments in the Adani Group.

The French oil company announced that it will cease financial support for investments involving Adani Group companies.