TotalEnergies Expands U.S. Offshore Exploration with Chevron Partnership

TotalEnergies SE ( (FR:TTE) ) has provided an update.

TotalEnergies has acquired a 25% working interest in 40 Chevron-operated exploration blocks offshore the U.S., spanning approximately 1,000 km². This move strengthens its partnership with Chevron and expands its offshore exploration acreage, aligning with its strategy to focus on low-cost, low-emissions options. The acquisition is expected to enhance TotalEnergies’ exploration capabilities, leveraging advanced 3D imaging technology to unlock offshore production potential.

More about TotalEnergies SE

TotalEnergies is a global integrated energy company involved in the production and marketing of oil, biofuels, natural gas, biogas, low-carbon hydrogen, renewables, and electricity. With a workforce exceeding 100,000, the company operates in about 120 countries and emphasizes sustainability in its strategic initiatives. In the United States, TotalEnergies has been active since 1957, investing significantly in oil, LNG, and low-carbon electricity, and is a leading exporter of U.S. LNG.

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