TotalEnergies Acquires 42.5% Interest in Namibia's PEL104 License
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Should l Buy TTE?
Source: Newsfilter
- Acquisition Agreement: TotalEnergies has signed agreements to acquire a 42.5% operated interest in the PEL104 exploration license in Namibia from Eight Offshore Investments Holdings and Maravilla Oil & Gas, further solidifying its market position in Namibia.
- Enhanced Operational Control: Upon completion of the transaction, TotalEnergies will operate the PEL104 license alongside Petrobras (42.5%), Namcor (10%), and Eight (5%), indicating a strategic expansion in the region.
- Resource Development Outlook: Following the acquisition of a 40% interest in the PEL83 license, TotalEnergies enters this new exploration license to develop the Venus and Mopane discoveries, which is expected to unlock greater value for both the company and Namibia.
- Historical Context and Growth: TotalEnergies has been operating in Namibia since 1964, employing 55 people and managing 43 service stations, demonstrating its ongoing commitment to low-carbon projects and a multi-energy strategy in the country.
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Analyst Views on TTE
Wall Street analysts forecast TTE stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TTE is 71.67 USD with a low forecast of 60.04 USD and a high forecast of 90.93 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
8 Buy
8 Hold
0 Sell
Moderate Buy
Current: 74.860
Low
60.04
Averages
71.67
High
90.93
Current: 74.860
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.
TotalEnergies Acquires 42.5% Interest in Namibian Exploration License
- Acquisition Agreement: TotalEnergies has signed agreements to acquire a 42.5% operated interest in the PEL104 exploration license in Namibia from Eight Offshore Investments Holdings and Maravilla Oil & Gas, further solidifying its market position in Namibia.
- Enhanced Operational Role: Upon completion of the transaction, TotalEnergies will operate the PEL104 license with a 42.5% stake, collaborating with Petrobras (42.5%), Namcor (10%), and Eight (5%), thereby increasing its influence in the region.
- Resource Development Potential: The PEL104 license, located in the Lüderitz basin, covers approximately 11,000 square kilometers offshore, and TotalEnergies plans to continue exploring Namibia's rich resources while developing the Venus and Mopane discoveries to unlock further value.
- Long-term Strategic Positioning: TotalEnergies has been present in Namibia since 1964, operating 43 service stations, and is actively seeking local opportunities for low-carbon projects, reflecting its commitment to a multi-energy strategy and sustainable development.
See More
TotalEnergies Acquires 42.5% Interest in Namibia's PEL104 License
- Acquisition Agreement: TotalEnergies has signed agreements to acquire a 42.5% operated interest in the PEL104 exploration license in Namibia from Eight Offshore Investments Holdings and Maravilla Oil & Gas, further solidifying its market position in Namibia.
- Enhanced Operational Control: Upon completion of the transaction, TotalEnergies will operate the PEL104 license alongside Petrobras (42.5%), Namcor (10%), and Eight (5%), indicating a strategic expansion in the region.
- Resource Development Outlook: Following the acquisition of a 40% interest in the PEL83 license, TotalEnergies enters this new exploration license to develop the Venus and Mopane discoveries, which is expected to unlock greater value for both the company and Namibia.
- Historical Context and Growth: TotalEnergies has been operating in Namibia since 1964, employing 55 people and managing 43 service stations, demonstrating its ongoing commitment to low-carbon projects and a multi-energy strategy in the country.
See More
TotalEnergies Signs Power Contracts with Airbus for Renewable Energy Supply
- Power Contract Signing: TotalEnergies has signed two power contracts with Airbus for 3.3 TWh of electricity to supply sites in Germany and the U.K., which is expected to cover about half of the sites' power needs over the next decade, demonstrating the company's commitment to renewable energy investment.
- Renewable Energy Contribution: A portion of the electricity will come from new renewable assets with a capacity of 200 MW, set to begin supplying power in 2027, which not only aids Airbus in securing reliable low-carbon energy but also supports its goal of increasing renewable electricity across its sites.
- Strategic Continuity: Unlike other European oil majors that have cut back on renewable spending, TotalEnergies continues to bet on its Integrated Power business with a profitability target of 12%, indicating a long-term strategic commitment in the renewable energy market.
- Sustainable Aviation Fuel Supply: TotalEnergies also supplies sustainable aviation fuel to Airbus, further solidifying its partnership and showcasing its proactive role in promoting sustainability within the aviation industry.
See More
TotalEnergies Signs Clean Power Agreements with Airbus
- Clean Power Agreements: TotalEnergies signed two clean power agreements with Airbus to supply 3.3 TWh of electricity starting in 2027, covering half of the energy needs at Airbus' major sites in Germany and the UK over the next decade, significantly advancing Airbus' low-carbon energy goals.
- Renewable Energy Assets: The electricity supply will come from new 200 MW renewable assets, showcasing TotalEnergies' capability to deliver turnkey clean power solutions across multiple geographies, thereby enhancing the profitability of its electricity business.
- EV Charging Infrastructure: This week, TotalEnergies also signed a joint investment platform with Tikehau Capital aimed at expanding urban public EV charging infrastructure in Belgium and the Netherlands, assisting municipalities in the EV transition while solidifying its role as a key public charging provider in the Benelux region.
- Future Collaboration Outlook: TotalEnergies plans to release its fourth-quarter earnings on February 11, and has also signed a Memorandum of Understanding with Kuwait Oil Company to enhance collaboration and technical studies, further expanding its influence in the global energy market.
See More
TotalEnergies and Airbus Sign Power Contracts for Renewable Energy Supply
- Clean Power Contracts: TotalEnergies has signed two power purchase agreements with Airbus to supply 3.3 TWh of clean electricity to major Airbus sites in Germany and the UK by 2027, covering half of the electricity needs of these locations, showcasing TotalEnergies' strong capabilities in renewable energy.
- Renewable Energy Assets: The electricity supply will come from new renewable assets with a capacity of 200 MW, indicating TotalEnergies' commitment to supporting customers' energy transitions by integrating renewable and flexible assets, thereby enhancing the profitability of its electricity business.
- Long-term Partnership: Airbus's EVP of Operations stated that these power purchase agreements demonstrate their long-term commitment to reducing carbon emissions and will help secure reliable low-carbon energy, supporting their goal of increasing renewable electricity across their sites.
- Global Energy Strategy: TotalEnergies' power solutions extend beyond Airbus, including collaborations with numerous global companies, illustrating its ability to develop innovative solutions worldwide to support customers' decarbonization efforts.
See More
TotalEnergies Signs Clean Power Contracts with Airbus
- Power Contract Signing: TotalEnergies has signed two clean power contracts with Airbus to supply 3.3 TWh of electricity starting in 2027, covering half of the energy needs at major Airbus sites in Germany and the UK, showcasing TotalEnergies' strong growth potential in renewable energy.
- Renewable Energy Investment: The contracts will rely on new renewable assets with a capacity of 200 MW, indicating TotalEnergies' commitment to supporting customers' energy transitions by integrating renewable and flexible assets, thereby enhancing the profitability of its electricity business.
- Long-term Partnership: Airbus's EVP of Operations stated that these power purchase agreements demonstrate their long-term commitment to reducing carbon emissions, ensuring reliable low-carbon energy in operations, and further promoting the use of renewable electricity.
- Global Customer Support: TotalEnergies' power solutions extend beyond Airbus, including partnerships with numerous global companies, illustrating its innovative capabilities and diverse asset portfolio in supporting customers' decarbonization efforts.
See More
TotalEnergies Acquires 42.5% Interest in Namibian Exploration License
- Acquisition Agreement: TotalEnergies has signed agreements to acquire a 42.5% operated interest in the PEL104 exploration license in Namibia from Eight Offshore Investments Holdings and Maravilla Oil & Gas, further solidifying its market position in Namibia.
- Enhanced Operational Role: Upon completion of the transaction, TotalEnergies will operate the PEL104 license with a 42.5% stake, collaborating with Petrobras (42.5%), Namcor (10%), and Eight (5%), thereby increasing its influence in the region.
- Resource Development Potential: The PEL104 license, located in the Lüderitz basin, covers approximately 11,000 square kilometers offshore, and TotalEnergies plans to continue exploring Namibia's rich resources while developing the Venus and Mopane discoveries to unlock further value.
- Long-term Strategic Positioning: TotalEnergies has been present in Namibia since 1964, operating 43 service stations, and is actively seeking local opportunities for low-carbon projects, reflecting its commitment to a multi-energy strategy and sustainable development.
See More
TotalEnergies Acquires 42.5% Interest in Namibia's PEL104 License
- Acquisition Agreement: TotalEnergies has signed agreements to acquire a 42.5% operated interest in the PEL104 exploration license in Namibia from Eight Offshore Investments Holdings and Maravilla Oil & Gas, further solidifying its market position in Namibia.
- Enhanced Operational Control: Upon completion of the transaction, TotalEnergies will operate the PEL104 license alongside Petrobras (42.5%), Namcor (10%), and Eight (5%), indicating a strategic expansion in the region.
- Resource Development Outlook: Following the acquisition of a 40% interest in the PEL83 license, TotalEnergies enters this new exploration license to develop the Venus and Mopane discoveries, which is expected to unlock greater value for both the company and Namibia.
- Historical Context and Growth: TotalEnergies has been operating in Namibia since 1964, employing 55 people and managing 43 service stations, demonstrating its ongoing commitment to low-carbon projects and a multi-energy strategy in the country.
See More
TotalEnergies Signs Power Contracts with Airbus for Renewable Energy Supply
- Power Contract Signing: TotalEnergies has signed two power contracts with Airbus for 3.3 TWh of electricity to supply sites in Germany and the U.K., which is expected to cover about half of the sites' power needs over the next decade, demonstrating the company's commitment to renewable energy investment.
- Renewable Energy Contribution: A portion of the electricity will come from new renewable assets with a capacity of 200 MW, set to begin supplying power in 2027, which not only aids Airbus in securing reliable low-carbon energy but also supports its goal of increasing renewable electricity across its sites.
- Strategic Continuity: Unlike other European oil majors that have cut back on renewable spending, TotalEnergies continues to bet on its Integrated Power business with a profitability target of 12%, indicating a long-term strategic commitment in the renewable energy market.
- Sustainable Aviation Fuel Supply: TotalEnergies also supplies sustainable aviation fuel to Airbus, further solidifying its partnership and showcasing its proactive role in promoting sustainability within the aviation industry.
See More
TotalEnergies Signs Clean Power Agreements with Airbus
- Clean Power Agreements: TotalEnergies signed two clean power agreements with Airbus to supply 3.3 TWh of electricity starting in 2027, covering half of the energy needs at Airbus' major sites in Germany and the UK over the next decade, significantly advancing Airbus' low-carbon energy goals.
- Renewable Energy Assets: The electricity supply will come from new 200 MW renewable assets, showcasing TotalEnergies' capability to deliver turnkey clean power solutions across multiple geographies, thereby enhancing the profitability of its electricity business.
- EV Charging Infrastructure: This week, TotalEnergies also signed a joint investment platform with Tikehau Capital aimed at expanding urban public EV charging infrastructure in Belgium and the Netherlands, assisting municipalities in the EV transition while solidifying its role as a key public charging provider in the Benelux region.
- Future Collaboration Outlook: TotalEnergies plans to release its fourth-quarter earnings on February 11, and has also signed a Memorandum of Understanding with Kuwait Oil Company to enhance collaboration and technical studies, further expanding its influence in the global energy market.
See More
TotalEnergies and Airbus Sign Power Contracts for Renewable Energy Supply
- Clean Power Contracts: TotalEnergies has signed two power purchase agreements with Airbus to supply 3.3 TWh of clean electricity to major Airbus sites in Germany and the UK by 2027, covering half of the electricity needs of these locations, showcasing TotalEnergies' strong capabilities in renewable energy.
- Renewable Energy Assets: The electricity supply will come from new renewable assets with a capacity of 200 MW, indicating TotalEnergies' commitment to supporting customers' energy transitions by integrating renewable and flexible assets, thereby enhancing the profitability of its electricity business.
- Long-term Partnership: Airbus's EVP of Operations stated that these power purchase agreements demonstrate their long-term commitment to reducing carbon emissions and will help secure reliable low-carbon energy, supporting their goal of increasing renewable electricity across their sites.
- Global Energy Strategy: TotalEnergies' power solutions extend beyond Airbus, including collaborations with numerous global companies, illustrating its ability to develop innovative solutions worldwide to support customers' decarbonization efforts.
See More
TotalEnergies Signs Clean Power Contracts with Airbus
- Power Contract Signing: TotalEnergies has signed two clean power contracts with Airbus to supply 3.3 TWh of electricity starting in 2027, covering half of the energy needs at major Airbus sites in Germany and the UK, showcasing TotalEnergies' strong growth potential in renewable energy.
- Renewable Energy Investment: The contracts will rely on new renewable assets with a capacity of 200 MW, indicating TotalEnergies' commitment to supporting customers' energy transitions by integrating renewable and flexible assets, thereby enhancing the profitability of its electricity business.
- Long-term Partnership: Airbus's EVP of Operations stated that these power purchase agreements demonstrate their long-term commitment to reducing carbon emissions, ensuring reliable low-carbon energy in operations, and further promoting the use of renewable electricity.
- Global Customer Support: TotalEnergies' power solutions extend beyond Airbus, including partnerships with numerous global companies, illustrating its innovative capabilities and diverse asset portfolio in supporting customers' decarbonization efforts.
See More
