BluEnergies Partners with TotalEnergies to Explore Liberia's Harper Basin
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2026
0mins
Should l Buy TTE?
Source: PRnewswire
- Agreement Signing: BluEnergies has successfully signed a Joint Study and Application Agreement (JSAA) with TotalEnergies' Liberian subsidiary to explore the deepwater potential of the Harper Basin, which is expected to enhance oil and gas development in the region.
- Budget and Plans: Both parties have committed to a joint budget for the next 18 months to execute a work program that includes advanced seismic reprocessing and seabed data acquisition, demonstrating a strong focus on the area's potential.
- New License Acquisition: To support the JSAA, BluEnergies and TotalEnergies' subsidiaries have secured a new Liberian exploration license (RL-003) covering 8,924 square kilometers, further solidifying their collaborative foundation.
- Preliminary Results: In 2024, BluEnergies acquired 6,167 square kilometers of 3D seismic data under the RL-002 license, successfully identifying multiple potential hydrocarbon blocks, laying the groundwork for future collaboration.
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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: 80.290
Low
60.04
Averages
71.67
High
90.93
Current: 80.290
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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Oil Price Surge: Oil prices have increased by 37% since the onset of the Iran war, reaching a significant high by Monday's close.
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