News
TTE
72.74
-0.32%
-0.23
UPDATE 4-Solar firm SunPower to cut jobs, wind down most of residential direct sales
Solar firm SunPower to cut jobs, wind down most of residential direct sales channel. Solar firm plans to reduce its workforce by about 1,000 people as part of a restructuring plan. SunPower said it will wind down its SunPower Residential Installation locations. The company's shares were down 1.2% in afternoon trade.
Reuters · 14h ago
UPDATE 3-Solar firm SunPower to cut jobs, shut business segments
Solar firm SunPower to cut jobs, shut business segments as part of a restructuring to help lower costs. SunPower said it will wind down its SunPower Residential Installation locations and close SunPower Direct sales. Company cites slower-than-expected recovery in demand across markets for the decision.
Reuters · 14h ago
Solar company SunPower to reduce workforce, shut business segments
Solar company SunPower to reduce workforce, shut business segments to help lower costs. The company said it will reduce its workforce by 1,000 people in the coming days and weeks. SunPower said it plans to shut down certain business segments as part of a restructuring plan.
Reuters · 14h ago
TotalEnergies (TTE) Expands Its Renewable Operation in the U.S.
NASDAQ · 15h ago
Pressure on gas and LNG prices to help switch from coal, says J.P. Morgan
Pressure on gas and LNG prices to help switch from coal, says J.P. Morgan. Growth in gas output and shipping infrastructure will boost efforts to switch industries from coal to gas, says report. Qatar and the U.S. Are expected to be key sources of growth in gas production.
Reuters · 15h ago
TotalEnergies Trades Mature Assets for Growth In Low-Emission Congolese Oil Field
TotalEnergies inked a deal with Trident Energy in the Republic of Congo. The oil giant will acquire an additional 10% stake in the Moho license from Trident Energy. The company will also sell its interest in the Nkossa and Nsoko licenses to the company.
Benzinga · 17h ago
BUZZ-Enphase Energy falls on downbeat forecast, other solar stocks follow
Enphase Energy shares fall 7.9% to $104.49 premarket on downbeat forecast. Solar energy firm forecasts Q2 revenue of $290 mln to $330 mln, below Wall Street view of $337.2 mln. Other solar stocks, including Sunnova Energy and SunPower Corporation, also fall.
Reuters · 18h ago
UPDATE 2-Namibia targets first oil production from Venus field in 2029/2030
Namibia plans for first oil production from TotalEnergies' Venus field in 2029/2030. The southern African country is yet to produce any oil or gas. It has become a global exploration hotspot after offshore discoveries by Total and Shell. U.S. Oil major Chevron expected to begin exploration later this year.
Reuters · 18h ago
UPDATE 3-Namibia excites oil firms by opening up new frontier basin
Namibia has yet to produce any oil or gas. Recent offshore finds ranking among the largest this century. TotalEnergies and Shell want to accelerate the milestone of the country's first output. Oil firms excited by country's plans to open up a major frontier basin.
Reuters · 18h ago
UPDATE 2-OPEC excited about Namibia partnership, offers support
OPEC excited about potential partnership with Namibia, offers support. OPEC+ oil producers' group looking at Namibia for possible membership. The southern African country aims to start pumping oil by the decade. Total and Shell have made big discoveries in the country in recent years.
Reuters · 19h ago
Want Decades of Passive Income? 2 Energy Stocks to Buy Now and Hold Forever
Energy companies like Enbridge and TotalEnergies are two great dividend stocks to consider buying today. The energy sector is going through a transition to clean energy sources like solar and wind power. Enbridge is still a major player in the oil and natural gas industry but is investing in clean energy. The company has a 7.7% dividend yield and is growing its clean energy investments.
The Motley Fool · 19h ago
Energy Sector Update for 04/23/2024: NEE, BKR, SHEL, TTE
NASDAQ · 1d ago
TotalEnergies Begins Construction of 12 MW Solar Project at New York's JFK Airport
TotalEnergies has begun construction of New York State's largest onsite solar generating and storage system at John F. Kennedy International Airport. The solar carport will generate around 12 megawatts of onsite power paired with an additional 7.5 MW of battery storage. Half of the 12 MW will power the AirTrain rail link to JFK. The project will reduce carbon dioxide emissions by 6,000 tons annually.
PR Newswire · 1d ago
BUZZ-U.S. STOCKS ON THE MOVE-Neurocrine, SunPower, NextEra Energy
Dow Jones Industrial Average was up 0.53% at 38,444.3. Stocks like General Motors and Spotify rose on upbeat earnings updates. Growth and chip shares gained as growth and tech shares rose. Neurocrine, SunPower, NextEra Energy among the day's losers.
Reuters · 1d ago
Nigeria's NNPC resumes Awoba oil output, targeting 12,000 bpd
Nigeria's NNPC resumes Awoba oil output, targeting 12,000 bpd within a month. The Awoba field ceased operations in February 2022 due to oil theft that curbed exports. Output has averaged 8,000 barrels per day since operations restarted on April 13.
Reuters · 1d ago
UPDATE 2-Solar company SunPower flags issues with 2022 financial reporting
Solar company SunPower flags issues with 2022 financial reporting. The company's stock was up 6%, tracking peers, after falling more than 20% earlier. Misstatements relate to capitalization of certain deferred costs and wrongly classified sales commissions. SunPower expects a $15 million to $25 million decrease in income for fiscal year 2022.
Reuters · 1d ago
Energy Sector Update for 04/23/2024: HAL, SHEL, TTE, XLE, USO, UNG
NASDAQ · 1d ago
Shell, TotalEnergies in talks to buy stakes in new Adnoc LNG project - Bloomberg
Energy Shell, TotalEnergies in talks to buy stakes in new Adnoc LNG project - Bloomberg. The companies are interested in the Ruwais project, a liquefied natural gas export project in the United Arab Emirates. Natural gas is taking an increasingly bigger role in the Middle East.
Seeking Alpha · 1d ago
Double Play in Asia: TotalEnergies Expands Gas Portfolio in Malaysia and Oman
TotalEnergies SE inked a deal to buy a 50% stake in Malaysian independent gas producer SapuraOMV Upstream Sdn. The deal is expected to close in the second half of 2024. The oil giant also inked an agreement with Oman LNG to supply liquefied natural gas.
Benzinga · 1d ago
Energy Sector Update for 04/22/2024: CPK, GEV, TTE
NASDAQ · 2d ago
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About TTE
TotalEnergies SE is a France-based oil and gas company. It operates through four segments: Exploration and Production, Gas, Renewables & Power, Refining & Chemicals and Marketing & Services. Exploration & Production encompasses the exploration and production activities. Gas, Renewables & Power comprises gas activities conducted downstream of the production process and concerns natural gas, liquefied natural gas (LNG) and liquefied petroleum gas (LPG), as well as power generation, gas and power trading and marketing. It also develops renewable energy activities (excluding biotechnologies) and the power storage. Energy efficiency activities are represented through a dedicated Innovation & Energy Efficiency division. Refining & Chemicals encompasses refining and petrochemical activities and Hutchinson’s operations. It also includes oil Trading & Shipping activities. Marketing & Services includes worldwide supply and marketing activities in the oil products and services field.