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The latest announcement is out from TotalEnergies SE ( (FR:TTE) ).
TotalEnergies has signed a Memorandum of Understanding with Kuwait Oil Company to deepen technical cooperation, share expertise and conduct studies on new exploration opportunities in Kuwait, reinforcing its role as a key technical partner in the Gulf state’s upstream sector. Announced at the Kuwait Oil & Gas Show and Conference, the agreement highlights TotalEnergies’ ambition to support Kuwait’s resource development goals while strengthening a long-term relationship that could pave the way for future projects and solidify the French group’s positioning in a strategically important hydrocarbon market.
More about TotalEnergies SE
TotalEnergies is a global integrated energy company active in about 120 countries, producing and marketing a broad mix of energies including oil and biofuels, natural gas, biogas, low-carbon hydrogen, renewables and electricity. With more than 100,000 employees, the group focuses on delivering reliable, affordable and more sustainable energy solutions, placing sustainability at the core of its strategy, projects and operations.
For a thorough assessment of TTE stock, go to TipRanks’ Stock Analysis page.