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TotalEnergies SE ( (FR:TTE) ) just unveiled an update.
TotalEnergies has divested a 9.998% indirect interest in Malaysia’s block SK408 to PTTEP, maintaining a 30.002% stake. This move strengthens TotalEnergies’ partnership with PTTEP and aligns with its strategy to efficiently manage its portfolio in Malaysia. The transaction is part of a broader effort to contribute to Malaysia’s energy security and development, positioning TotalEnergies as a key player in the region’s energy landscape.
More about TotalEnergies SE
TotalEnergies is a global integrated energy company involved in the production and marketing of various energies, including oil, biofuels, natural gas, biogas, low-carbon hydrogen, renewables, and electricity. With a workforce of over 100,000 employees, the company operates in about 120 countries and emphasizes sustainability in its strategy and operations. In Malaysia, TotalEnergies has been active since 1985, holding significant interests in gas blocks and engaging in partnerships to enhance energy resources.
For detailed information about TTE stock, go to TipRanks’ Stock Analysis page.