TotalEnergies Makes Significant Oil and Gas Discovery Offshore Congo
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 13 2026
0mins
Should l Buy TTE?
Source: seekingalpha
- 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.
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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: 87.070
Low
60.04
Averages
71.67
High
90.93
Current: 87.070
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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- Compliance Dispute: North Caspian Operating Co. disagrees with the ruling, asserting that its sulfur management practices comply with applicable laws, indicating a strong intent from shareholders to pursue all available avenues to defend their position against the penalty.
- International Arbitration Context: This dispute is part of a broader $166 billion international arbitration case, where Kazakh authorities are seeking additional revenue linked to the field, including claims related to environmental issues and contracts allegedly affected by corruption, highlighting the state's focus on oil field revenues.
- Market Implications: Given the evolving global energy dynamics, the legal challenges facing the Kashagan oil field, a critical asset for Kazakhstan as Central Asia's largest oil producer, could impact its supply position in Europe, increasing market uncertainty.
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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.
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