TotalEnergies Begins Production at Quiluma Gas Field in Angola
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
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Should l Buy TTE?
Source: Newsfilter
- Production Launch: TotalEnergies has announced the commencement of production at the Quiluma gas field in Angola, where it holds an 11.8% stake, with expected peak production of approximately 330 million cubic feet of gas per day, translating to around 2 million tons of LNG annually, significantly enhancing Angola's energy supply capacity.
- Market Supply Assurance: This project will provide a stable gas source for the Angola LNG plant, ensuring its supply to European and Asian markets, thereby further solidifying Angola's position in the international LNG market.
- Long-term Strategic Importance: By developing a non-associated gas field, TotalEnergies not only enhances its operational footprint in Angola but also plays a crucial role in supporting the country's sustainable energy transition, highlighting its strategic significance in the global energy landscape.
- Company Background: TotalEnergies has been operating in Angola since 1953 and currently employs around 1,500 people; with a diversified portfolio and deep offshore assets, it is a key player in the country's oil production, driving economic development in Angola.
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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: 82.750
Low
60.04
Averages
71.67
High
90.93
Current: 82.750
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 Begins Production at Quiluma Gas Field in Angola
- Production Launch: TotalEnergies has announced the commencement of production at the Quiluma gas field in Angola, where it holds an 11.8% stake, with expected peak production of approximately 330 million cubic feet of gas per day, translating to around 2 million tons of LNG annually, significantly enhancing Angola's energy supply capacity.
- Market Supply Assurance: This project will provide a stable gas source for the Angola LNG plant, ensuring its supply to European and Asian markets, thereby further solidifying Angola's position in the international LNG market.
- Long-term Strategic Importance: By developing a non-associated gas field, TotalEnergies not only enhances its operational footprint in Angola but also plays a crucial role in supporting the country's sustainable energy transition, highlighting its strategic significance in the global energy landscape.
- Company Background: TotalEnergies has been operating in Angola since 1953 and currently employs around 1,500 people; with a diversified portfolio and deep offshore assets, it is a key player in the country's oil production, driving economic development in Angola.
See More
TotalEnergies Announces Share Buyback Details
- Buyback Overview: TotalEnergies repurchased a total of 1,367,823 shares from March 9 to March 13, 2026, with a total transaction amount of €94,999,788.78, demonstrating the company's confidence in its stock value.
- Daily Trading Details: During the buyback period, the daily trading volume on March 9 was 278,650 shares at an average purchase price of €68.19, while on March 13, the volume was 264,840 shares with an average price rising to €71.74, indicating increasing market demand for TotalEnergies stock.
- Market Reaction Analysis: This buyback plan not only boosts investor confidence in TotalEnergies but also helps enhance earnings per share, potentially leading to a positive impact on future stock prices and further solidifying its market position.
- Strategic Significance: TotalEnergies' buyback initiative aligns with its long-term sustainability strategy, indicating the company's ongoing investment in global energy transition to adapt to market changes and enhance shareholder value.
See More
TotalEnergies Confirms 15% Production Shutdown in Middle East
- Production Shutdown: TotalEnergies has confirmed that production in Qatar, Iraq, and the UAE has been shut down or is in the process of shutting down, representing approximately 15% of the company's total output, which will negatively impact cash flow.
- Cash Flow Impact: The 15% reduction in Middle East production accounts for about 10% of upstream cash flow, with the CFFO from this region being lower than the company’s overall average due to higher taxation, indicating a decline in profitability in this area.
- Oil Price Compensation: The expected growth in production from outside the Middle East in 2026 is anticipated to offset these losses, as an $8 per barrel increase in oil prices is sufficient to compensate for the expected CFFO loss from Iraq, UAE offshore, and Qatar assets, highlighting the company's sensitivity to oil price fluctuations.
- Limited LNG Trading Impact: Although LNG production shutdowns in Qatar are expected to reduce output by around 2 million tons, the impact on TotalEnergies' LNG trading activities is limited since most Qatari LNG is marketed by QE, demonstrating the company's resilience in a diversified market.
See More
TotalEnergies Reports 15% Production Loss Due to Middle East War
- Production Loss: TotalEnergies reported a 15% loss in oil and gas production due to the Middle East war, affecting fields in the UAE, Qatar, and Iraq, marking the first confirmation of widespread outages in the UAE and potentially impacting overall revenue negatively.
- Oil Price Impact: The company anticipates that the $8 per barrel increase in oil prices resulting from the war will more than offset the production losses in the Middle East, indicating its ability to ramp up production elsewhere, which may alleviate some financial pressure.
- Libya Production Resumption: TotalEnergies has resumed production at its Mabruk oilfield in Libya with a new unit capable of producing 25,000 barrels per day, after halting operations in 2015 due to damage and security issues from the civil war, which will help boost overall output.
- Price Cap in France: To mitigate the market volatility caused by the Middle East war, TotalEnergies is capping gasoline and diesel prices at €1.99 and €2.09 per liter at its French stations until March 31, protecting consumers from price fluctuations.
See More
TotalEnergies Responds to Oil Market Volatility
- Temporary Price Caps: TotalEnergies has announced temporary pump price caps in France, setting gasoline at €1.99 per liter and diesel at €2.09 per liter to shield consumers from global oil price fluctuations, effective March 13 across its 3,300-station network.
- Monitoring Diesel Markets: The company is closely monitoring the highly volatile diesel markets due to the Gulf War, as France's heavy reliance on imported diesel makes domestic prices susceptible to international fluctuations, ensuring that its transparent pricing policy passes on price changes to consumers without delay.
- Libyan Oil Field Resumption: TotalEnergies has resumed production at the Mabruk oil field in Libya, which had been inactive since 2015, with a new facility capable of producing 25,000 barrels per day that began operations on February 28, 2026, completing the project in under two years.
- Future Earnings Outlook: The upcoming earnings report on April 29, 2026, is expected to be a major catalyst for the stock, with an estimated EPS of $1.68, down from last year's $1.83, and revenue expectations of $42.92 billion, indicating pressure on profitability amid market challenges.
See More
TotalEnergies Restarts Production at Mabruk Oil Field in Libya
- Production Restart: TotalEnergies has restarted production at the Mabruk oil field in Libya, where it holds a 37.5% interest, marking the first production since 2015 and illustrating the company's long-term commitment to the region.
- New Production Unit Construction: The construction of a new production unit with a capacity of 25,000 barrels per day began in May 2024, with startup expected on February 28, 2026, demonstrating TotalEnergies' determination to rapidly restore production capacity.
- Strategic Growth Target: TotalEnergies aims for a 3% annual production growth until 2030, with this restart complementing recent announcements regarding the extension of the Waha concessions, further driving low-cost, low-emission oil production.
- Long-standing Market Presence: Having operated in Libya since 1956, TotalEnergies averaged 113,000 barrels of oil equivalent per day in 2025, showcasing its deep-rooted presence and market influence in the region.
See More
TotalEnergies Begins Production at Quiluma Gas Field in Angola
- Production Launch: TotalEnergies has announced the commencement of production at the Quiluma gas field in Angola, where it holds an 11.8% stake, with expected peak production of approximately 330 million cubic feet of gas per day, translating to around 2 million tons of LNG annually, significantly enhancing Angola's energy supply capacity.
- Market Supply Assurance: This project will provide a stable gas source for the Angola LNG plant, ensuring its supply to European and Asian markets, thereby further solidifying Angola's position in the international LNG market.
- Long-term Strategic Importance: By developing a non-associated gas field, TotalEnergies not only enhances its operational footprint in Angola but also plays a crucial role in supporting the country's sustainable energy transition, highlighting its strategic significance in the global energy landscape.
- Company Background: TotalEnergies has been operating in Angola since 1953 and currently employs around 1,500 people; with a diversified portfolio and deep offshore assets, it is a key player in the country's oil production, driving economic development in Angola.
See More
TotalEnergies Announces Share Buyback Details
- Buyback Overview: TotalEnergies repurchased a total of 1,367,823 shares from March 9 to March 13, 2026, with a total transaction amount of €94,999,788.78, demonstrating the company's confidence in its stock value.
- Daily Trading Details: During the buyback period, the daily trading volume on March 9 was 278,650 shares at an average purchase price of €68.19, while on March 13, the volume was 264,840 shares with an average price rising to €71.74, indicating increasing market demand for TotalEnergies stock.
- Market Reaction Analysis: This buyback plan not only boosts investor confidence in TotalEnergies but also helps enhance earnings per share, potentially leading to a positive impact on future stock prices and further solidifying its market position.
- Strategic Significance: TotalEnergies' buyback initiative aligns with its long-term sustainability strategy, indicating the company's ongoing investment in global energy transition to adapt to market changes and enhance shareholder value.
See More
TotalEnergies Confirms 15% Production Shutdown in Middle East
- Production Shutdown: TotalEnergies has confirmed that production in Qatar, Iraq, and the UAE has been shut down or is in the process of shutting down, representing approximately 15% of the company's total output, which will negatively impact cash flow.
- Cash Flow Impact: The 15% reduction in Middle East production accounts for about 10% of upstream cash flow, with the CFFO from this region being lower than the company’s overall average due to higher taxation, indicating a decline in profitability in this area.
- Oil Price Compensation: The expected growth in production from outside the Middle East in 2026 is anticipated to offset these losses, as an $8 per barrel increase in oil prices is sufficient to compensate for the expected CFFO loss from Iraq, UAE offshore, and Qatar assets, highlighting the company's sensitivity to oil price fluctuations.
- Limited LNG Trading Impact: Although LNG production shutdowns in Qatar are expected to reduce output by around 2 million tons, the impact on TotalEnergies' LNG trading activities is limited since most Qatari LNG is marketed by QE, demonstrating the company's resilience in a diversified market.
See More
TotalEnergies Reports 15% Production Loss Due to Middle East War
- Production Loss: TotalEnergies reported a 15% loss in oil and gas production due to the Middle East war, affecting fields in the UAE, Qatar, and Iraq, marking the first confirmation of widespread outages in the UAE and potentially impacting overall revenue negatively.
- Oil Price Impact: The company anticipates that the $8 per barrel increase in oil prices resulting from the war will more than offset the production losses in the Middle East, indicating its ability to ramp up production elsewhere, which may alleviate some financial pressure.
- Libya Production Resumption: TotalEnergies has resumed production at its Mabruk oilfield in Libya with a new unit capable of producing 25,000 barrels per day, after halting operations in 2015 due to damage and security issues from the civil war, which will help boost overall output.
- Price Cap in France: To mitigate the market volatility caused by the Middle East war, TotalEnergies is capping gasoline and diesel prices at €1.99 and €2.09 per liter at its French stations until March 31, protecting consumers from price fluctuations.
See More
TotalEnergies Responds to Oil Market Volatility
- Temporary Price Caps: TotalEnergies has announced temporary pump price caps in France, setting gasoline at €1.99 per liter and diesel at €2.09 per liter to shield consumers from global oil price fluctuations, effective March 13 across its 3,300-station network.
- Monitoring Diesel Markets: The company is closely monitoring the highly volatile diesel markets due to the Gulf War, as France's heavy reliance on imported diesel makes domestic prices susceptible to international fluctuations, ensuring that its transparent pricing policy passes on price changes to consumers without delay.
- Libyan Oil Field Resumption: TotalEnergies has resumed production at the Mabruk oil field in Libya, which had been inactive since 2015, with a new facility capable of producing 25,000 barrels per day that began operations on February 28, 2026, completing the project in under two years.
- Future Earnings Outlook: The upcoming earnings report on April 29, 2026, is expected to be a major catalyst for the stock, with an estimated EPS of $1.68, down from last year's $1.83, and revenue expectations of $42.92 billion, indicating pressure on profitability amid market challenges.
See More
TotalEnergies Restarts Production at Mabruk Oil Field in Libya
- Production Restart: TotalEnergies has restarted production at the Mabruk oil field in Libya, where it holds a 37.5% interest, marking the first production since 2015 and illustrating the company's long-term commitment to the region.
- New Production Unit Construction: The construction of a new production unit with a capacity of 25,000 barrels per day began in May 2024, with startup expected on February 28, 2026, demonstrating TotalEnergies' determination to rapidly restore production capacity.
- Strategic Growth Target: TotalEnergies aims for a 3% annual production growth until 2030, with this restart complementing recent announcements regarding the extension of the Waha concessions, further driving low-cost, low-emission oil production.
- Long-standing Market Presence: Having operated in Libya since 1956, TotalEnergies averaged 113,000 barrels of oil equivalent per day in 2025, showcasing its deep-rooted presence and market influence in the region.
See More
