Shell Raises Q3 Upstream Production Outlook, Revises Integrated Gas Guidance
Shell's Operational Outlook Update: Shell plc has revised its operational outlook for Q3 FY24, adjusting Integrated Gas production to 920-960 thousand boe/d and raising Upstream production guidance to 1,740-1,840 thousand boe/d. The company also tightened sales volume guidance for Marketing and adjusted refinery and chemicals utilization rates.
Positive Market Reaction: Following the updates, Shell shares are trading higher, up 1.01% at $69.20 in premarket trading, after reporting strong second-quarter FY24 revenue of $74.46 billion, surpassing expectations.
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TotalEnergies Secures Major 400 MW Solar Power Agreement in Saudi Arabia
Project Announcement: TotalEnergies SE and Aljomaih Energy & Water won a tender to build a 400 MW solar plant in Saudi Arabia, which will power over 68,400 homes and is expected to connect to the grid in 2027.
Alignment with Vision 2030: The project supports Saudi Vision 2030's goal of achieving up to 50% renewable energy capacity by 2030, reinforcing TotalEnergies' commitment to the Saudi National Renewable Energy Program.
Company Strategy: TotalEnergies is focusing on energy production and supply, as evidenced by its recent sale of the GreenFlex subsidiary, while also projecting a 4% year-over-year increase in oil and gas production for Q3 2025.
Market Performance: TotalEnergies shares experienced a slight decline of 0.45% to $62.09 in premarket trading, with upcoming earnings results scheduled for October 30, 2025.
TotalEnergies Broadens Its Presence in West Africa Through New Offshore Exploration Licenses
Exploration Agreements: TotalEnergies SE has signed significant exploration agreements in September, including a Production Sharing Contract for offshore blocks PPL 2000 and PPL 2001 in Nigeria, where it holds an 80% stake, and the Nzombo exploration permit offshore the Republic of the Congo with a 50% interest.
Strategic Focus: The company aims to enhance its exploration portfolio with high-impact, drill-ready prospects that promise low-cost and low-emissions developments, aligning with its strategy to strengthen hydrocarbon production, particularly in Nigeria, which contributes significantly to its output.
TotalEnergies To Power 100,000 UK Homes With New Solar & Battery Projects
TotalEnergies Acquisition: TotalEnergies SE has acquired eight solar projects (350 MW) and two battery storage projects (85 MW) from Low Carbon, which are set to be operational by 2028 and will generate over 350 GWh of renewable electricity annually, enough to power around 100,000 UK households.
Market Reaction: Following the announcement, TotalEnergies shares fell 0.5% to $60.17, while the company continues to expand its integrated electricity portfolio in the UK, which includes significant offshore wind and gas turbine capacities.
TotalEnergies, RGE JV Gets Green Light To Import Renewable Power To Singapore
Joint Venture License: TotalEnergies and RGE's joint venture, Singa Renewables, has received a conditional license from Singapore’s Energy Market Authority to import 1 GW of renewable power from Indonesia, along with plans for a subsea interconnector to facilitate this electricity import.
Project Development: The partners have signed a co-investment agreement to build a hybrid renewable power plant in Indonesia's Riau Province, which will include a solar farm and energy storage system, contributing to Singapore's net zero emissions goal by 2050.
Why Is TotalEnergies Stock Trading Higher On Tuesday?
TotalEnergies Mero-4 Production Launch: TotalEnergies has commenced oil production from the Mero-4 project in Brazil's Santos Basin, enhancing its total capacity to 770,000 barrels per day across five FPSOs, contributing significantly to the company's production growth strategy.
Market Response and Future Outlook: Following the announcement, TotalEnergies shares rose by 1.59% in premarket trading, reflecting investor confidence in the project's potential for robust free cash flow and low-emission oil production.
TotalEnergies' New Spain Solar Field Capable Of Powering 150,000 Homes
TotalEnergies Solar Power Complex: TotalEnergies has opened its largest solar power complex in Europe near Seville, Spain, consisting of five solar farms with a capacity of 263 megawatts, expected to generate enough energy for over 150,000 homes and reduce carbon emissions by 245,000 tons annually.
Economic Impact and Future Plans: The project created around 800 jobs and involved 14 companies, primarily local. TotalEnergies aims to enhance its renewable energy portfolio in Spain while also selling a 50% stake in Polska Grupa Biogazowa for €190 million.
TotalEnergies Secures Major 400 MW Solar Power Agreement in Saudi Arabia
Project Announcement: TotalEnergies SE and Aljomaih Energy & Water won a tender to build a 400 MW solar plant in Saudi Arabia, which will power over 68,400 homes and is expected to connect to the grid in 2027.
Alignment with Vision 2030: The project supports Saudi Vision 2030's goal of achieving up to 50% renewable energy capacity by 2030, reinforcing TotalEnergies' commitment to the Saudi National Renewable Energy Program.
Company Strategy: TotalEnergies is focusing on energy production and supply, as evidenced by its recent sale of the GreenFlex subsidiary, while also projecting a 4% year-over-year increase in oil and gas production for Q3 2025.
Market Performance: TotalEnergies shares experienced a slight decline of 0.45% to $62.09 in premarket trading, with upcoming earnings results scheduled for October 30, 2025.
TotalEnergies Broadens Its Presence in West Africa Through New Offshore Exploration Licenses
Exploration Agreements: TotalEnergies SE has signed significant exploration agreements in September, including a Production Sharing Contract for offshore blocks PPL 2000 and PPL 2001 in Nigeria, where it holds an 80% stake, and the Nzombo exploration permit offshore the Republic of the Congo with a 50% interest.
Strategic Focus: The company aims to enhance its exploration portfolio with high-impact, drill-ready prospects that promise low-cost and low-emissions developments, aligning with its strategy to strengthen hydrocarbon production, particularly in Nigeria, which contributes significantly to its output.
TotalEnergies To Power 100,000 UK Homes With New Solar & Battery Projects
TotalEnergies Acquisition: TotalEnergies SE has acquired eight solar projects (350 MW) and two battery storage projects (85 MW) from Low Carbon, which are set to be operational by 2028 and will generate over 350 GWh of renewable electricity annually, enough to power around 100,000 UK households.
Market Reaction: Following the announcement, TotalEnergies shares fell 0.5% to $60.17, while the company continues to expand its integrated electricity portfolio in the UK, which includes significant offshore wind and gas turbine capacities.
TotalEnergies, RGE JV Gets Green Light To Import Renewable Power To Singapore
Joint Venture License: TotalEnergies and RGE's joint venture, Singa Renewables, has received a conditional license from Singapore’s Energy Market Authority to import 1 GW of renewable power from Indonesia, along with plans for a subsea interconnector to facilitate this electricity import.
Project Development: The partners have signed a co-investment agreement to build a hybrid renewable power plant in Indonesia's Riau Province, which will include a solar farm and energy storage system, contributing to Singapore's net zero emissions goal by 2050.
Why Is TotalEnergies Stock Trading Higher On Tuesday?
TotalEnergies Mero-4 Production Launch: TotalEnergies has commenced oil production from the Mero-4 project in Brazil's Santos Basin, enhancing its total capacity to 770,000 barrels per day across five FPSOs, contributing significantly to the company's production growth strategy.
Market Response and Future Outlook: Following the announcement, TotalEnergies shares rose by 1.59% in premarket trading, reflecting investor confidence in the project's potential for robust free cash flow and low-emission oil production.
TotalEnergies' New Spain Solar Field Capable Of Powering 150,000 Homes
TotalEnergies Solar Power Complex: TotalEnergies has opened its largest solar power complex in Europe near Seville, Spain, consisting of five solar farms with a capacity of 263 megawatts, expected to generate enough energy for over 150,000 homes and reduce carbon emissions by 245,000 tons annually.
Economic Impact and Future Plans: The project created around 800 jobs and involved 14 companies, primarily local. TotalEnergies aims to enhance its renewable energy portfolio in Spain while also selling a 50% stake in Polska Grupa Biogazowa for €190 million.
