TotalEnergies SE (EURONEXT:TTE) is juggling shareholder returns and operational moves—UBS expects a €1.5bn quarterly buyback as shares nudged €66.02—while pursuing subsea FSO work, expanding Cyprus gas ties, canceling two Djeno crude offers and facing NGO and Nigerian scrutiny over a SPDC stake sale.
Previous Week Recap
- TotalEnergies Buyback Standstill?: UBS says TotalEnergies likely to keep €1.5bn quarterly buyback; stock edged up to €66.02 after the comment. Key trader facts: buyback size and intraday price €66.02.
- France NGOs Sue Over Docs: Climate NGOs sued in France for access to environmental docs on TotalEnergies' sale of its 10% SPDC (Renaissance) stake to Vaaris, citing duty of vigilance; Nigerian regulator approval pending.
- TotalEnergies Hires DOF For Subsea: TotalEnergies hired DOF Group for subsea construction: mooring, disconnecting an existing FSO and connecting a replacement FSO; work covers FSO-related subsea and mooring operations.
- TotalEnergies Joins Cronos License: TotalEnergies SE joined the Cronos offshore Cyprus gas license alongside Eni, maintaining its exposure to Eastern Mediterranean gas assets and regional joint-licensing activity relevant to traders.
- Djeno Offers Withdrawn, Canceled: TotalEnergies withdrew two Djeno crude offers: one priced at dated Brent minus $14 and another at dated Brent minus $12.80 for July 27–28, then canceled both.
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