Shell Boosts Nigerian Deepwater Assets With TotalEnergies Stake Purchase
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 29 2025
0mins
Should l Buy TTE?
Source: Benzinga
Shell's Acquisition: Shell Nigeria Exploration has agreed to acquire TotalEnergies' 12.5% interest in the OML 118 Production Sharing Contract for $510 million, increasing its ownership from 55% to 67.5%, aligning with its goal of growing production by 1% annually until 2030.
TotalEnergies' Strategy Shift: The sale is part of TotalEnergies' strategy to optimize its Upstream portfolio by focusing on low-cost, low-emission assets, while also progressing projects like Ubeta to sustain gas supply in Nigeria.
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Analyst Views on TTE
Wall Street analysts forecast TTE stock price to fall
16 Analyst Rating
8 Buy
8 Hold
0 Sell
Moderate Buy
Current: 90.990
Low
60.04
Averages
71.67
High
90.93
Current: 90.990
Low
60.04
Averages
71.67
High
90.93
About TTE
TotalEnergies SE is a France-based company. The Company is predominantly engaged in the business as a worldwide oil group. Its segment divisions are divided into refining and chemistry such as refining of petroleum products and manufacture of basic chemistry and of specialty chemistry, petroleum products distribution, electricity generation from combined cycle gas plants and renewable energies, gas production, trading, transport and distribution primarily includes liquefied natural gas, natural gas, biogas, hydrogen, liquefied petroleum gas and hydrocarbon operating and production. The group is also operating in trading and sea transport of crude oil and oil products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Downstream Recovery: The company's downstream cash flow is expected to increase, supported by a refining utilization rate above 90%, indicating full operational recovery of refineries, alongside strong trading performance in crude oil and petroleum products in March.
- Working Capital Increase: An anticipated increase of around $5 billion in working capital for the quarter includes $2.5 billion to $3 billion related to seasonal business factors and $2 billion to $2.5 billion linked to the impact of rising hydrocarbon prices on inventories at quarter-end.
- LNG Production Growth: Integrated LNG results and cash flow are expected to be significantly higher than in Q4 2025, underpinned by a 10% increase in LNG production and strong trading activities benefiting from market volatility.
See More
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- Policy Implications: Trump's threats may prompt a reassessment of U.S. policy changes, impacting transatlantic economic relations, particularly in trade and investment sectors.
- Future Outlook: Market analysts predict that if Trump continues to issue similar threats, it could exacerbate market volatility, prompting investors to closely monitor policy developments to adjust their investment strategies.
See More
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- Significant Discovery: TotalEnergies has discovered a 160-meter column of oil and gas in the Moho G structure offshore Congo, with combined recoverable resources estimated at approximately 100 million barrels, which will significantly enhance the company's resource base and drive future development plans.
- Production Capacity Boost: Current production at the Moho deep offshore field stands at around 90,000 boe/day, and the development of the new discovery is expected to further increase overall output, thereby enhancing the company's market competitiveness and profitability.
- Strategic Partnership Agreement: TotalEnergies has signed a preliminary agreement with Turkey's state-owned TPAO to explore hydrocarbons in the Black Sea, providing a framework for technical collaboration and joint assessment of exploration opportunities in the Black Sea and internationally, further expanding the company's business scope.
- Commitment to Sustainability: TotalEnergies emphasizes emissions reduction and decarbonization initiatives in its sustainability and climate progress report, demonstrating the company's dedication to environmental responsibility and sustainable development while pursuing growth, thereby strengthening its leadership position in the global energy transition.
See More
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- Framework for Collaboration: TotalEnergies and TPAO have signed a Memorandum of Understanding to jointly assess exploration opportunities in the Black Sea and internationally, leveraging both companies' technical expertise for mutual benefit and driving innovation in the energy sector.
- Deepening Technical Cooperation: The MoU establishes a framework for technical collaboration, marking TotalEnergies' further expansion in the global energy market, particularly in Turkey's exploration potential, which could lead to new business opportunities.
- Commitment to Sustainability: TotalEnergies is committed to providing reliable, affordable, and sustainable energy in about 120 countries, emphasizing its crucial role in the global energy transition, especially in investments in low-carbon hydrogen and renewable energy.
- Executive Statement: Nicola Mavilla, Senior Vice-President of Exploration at TotalEnergies, stated that this cooperation will utilize both companies' technical expertise to evaluate exploration opportunities, reflecting the company's proactive attitude and strategic vision in global energy collaboration.
See More
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- New Hydrocarbon Discovery: TotalEnergies EP Congo announces a significant hydrocarbon discovery on the Moho license, with the MHNM-6 NFW exploration well encountering approximately 160 meters of high-quality Albian reservoirs, indicating substantial potential with recoverable resources estimated at nearly 100 million barrels.
- Development Plans: This discovery will be developed as a tie-back to existing Moho facilities, leveraging the proximity to current production infrastructure to reduce costs and shorten development cycles, thereby enhancing operational efficiency.
- Production Capacity: The existing Floating Production Units, Alima and Likouf, currently output around 90 kboe/d, and the integration of new resources is expected to further boost TotalEnergies' overall production capacity and market competitiveness.
- Strategic Implications: By leveraging technical expertise and existing infrastructure, TotalEnergies is creating conditions for future value-accretive production, thereby reinforcing its position in the global energy market.
See More
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- Significant Exploration Potential: Greenland Energy Company's primary asset in the Jameson Land Basin is estimated to contain up to 13 billion barrels of oil, which, if successfully developed, could rank among the most significant oil discoveries globally, profoundly impacting regional and global energy markets.
- Strategic Partnerships Enhance Capability: The company has secured drilling capacity through strategic agreements and plans to acquire rights to approximately 70% of the Jameson Land Basin, covering around two million acres, significantly increasing its exposure to the resource base and providing crucial support for future development.
- Experienced Leadership Team: The appointment of Joe Moglia, with his background in financial markets and corporate governance, will provide valuable guidance for the company’s capital market engagement and regulatory oversight, ensuring effective advancement of exploration projects in a complex financial and regulatory environment.
See More
