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0.000312353584257317 -0.000312353584257317 -0.000468530376386087 -0.0002186475089801 0.00132750273309399 0.000468530376386087 0.00124941433702949 -0.000234265188193043
Stock impact report

TotalEnergies Lands Key Offshore Exploration Permit in Lebanon [Yahoo! Finance]

TotalEnergies SE Ordinary Shares (TTE) 
Company Research Source: Yahoo! Finance
TotalEnergies, as the operator and holder of 35% in the permit, and its partners Eni (35%) and QatarEnergy (30%) have signed the agreement with the Lebanese government to enter Block 8 exploration permit. Block 8 is located west of Block 9, where TotalEnergies drilled for potential resources in 2023. “Although the drilling of the Qana well on Block 9 did not give positive results, we remain committed to pursue our exploration activities in Lebanon,” TotalEnergies chairman and CEO, Patrick Pouyanné, said in a statement. “We will now focus our efforts on Block 8, together with our partners Eni and QatarEnergy and in close cooperation with Lebanese authorities,” the executive added. TotalEnergies and other major international oil and gas firms have shifted focus back to exploration after years of trying to develop clean energy solutions. TotalEnergies “reloaded the exploration portfolio by acquiring exploration permits in the U.S. Gulf, in Malaysia, in Indonesia and Algeria” i Show less Read more
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