TotalEnergies Divests 85% Stake in Block 2E Offshore Malaysia
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
TotalEnergies announced the divestment to Inpex of its 85% interest in Block 2E offshore Malaysia, representing a net interest of 8.5% in the Marjoram gas field currently under development, for a consideration of $350M. Through this transaction, TotalEnergies crystallizes the full value of this minority interest in a non-operated gas project, to focus on its operated portfolio and strategic growth opportunities in Malaysia.
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Analyst Views on TTE
Wall Street analysts forecast TTE stock price to fall
16 Analyst Rating
8 Buy
8 Hold
0 Sell
Moderate Buy
Current: 76.690
Low
60.04
Averages
71.67
High
90.93
Current: 76.690
Low
60.04
Averages
71.67
High
90.93
About TTE
TotalEnergies SE is a France-based company. The Company is predominantly engaged in the business as a worldwide oil group. Its segment divisions are divided into refining and chemistry such as refining of petroleum products and manufacture of basic chemistry and of specialty chemistry, petroleum products distribution, electricity generation from combined cycle gas plants and renewable energies, gas production, trading, transport and distribution primarily includes liquefied natural gas, natural gas, biogas, hydrogen, liquefied petroleum gas and hydrocarbon operating and production. The group is also operating in trading and sea transport of crude oil and oil products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
TotalEnergies Executive Share Transactions Notification
- Executive Trading Notification: On July 6, 2026, TotalEnergies publicly disclosed notifications of share transactions by several executives in compliance with UK Market Abuse Regulation, demonstrating the company's commitment to transparency and regulatory adherence.
- Dividend Reinvestment: Multiple executives, including directors and executive committee members, reinvested their 2025 final dividends through the 'TAF COMPARTIMENT A' sub-fund, indicating their confidence in the company's future growth prospects.
- Transaction Details Disclosure: All transactions occurred on July 3, 2026, and were executed outside of trading venues, reflecting the executives' ongoing interest and investment in the company's stock.
- Compliance Enhancement: This notification aligns with UK Market Abuse Regulation, further strengthening TotalEnergies' compliance image in the market, which may positively influence investor confidence.
See More
TotalEnergies Announces Share Buyback Program
- Buyback Overview: In accordance with the authorization from the shareholders' meeting on May 29, 2026, TotalEnergies repurchased a total of 1,285,106 shares from June 29 to July 3, 2026, amounting to €386,413,898.20, reflecting the company's confidence in its stock value.
- Daily Trading Data: During the buyback period, on June 29, the trading volume was 307,870 shares with an average purchase price of €68.59, while on July 1, 159,383 shares were bought, indicating sustained market interest and demand for TotalEnergies stock.
- Market Reaction Analysis: The buyback program not only boosts shareholder confidence but may also enhance earnings per share by reducing the number of shares in circulation, potentially leading to a positive impact on stock prices and strengthening the company's competitive position.
- Strategic Company Positioning: TotalEnergies is committed to sustainability, and this buyback plan aligns with its operations in 120 countries, aiming to support its long-term growth strategy by enhancing shareholder value.
See More
TotalEnergies Shares and Voting Rights Update
- Total Shares: As of June 30, 2026, TotalEnergies has a total of 2,281,656,714 shares, indicating the company's stability and continuity in the market.
- Voting Rights Overview: The total number of voting rights on the same date is also 2,281,656,714, demonstrating that all shares carry voting rights, which enhances shareholder participation in corporate governance.
- Exercisable Voting Rights: After deducting 57,468,046 treasury shares, the number of exercisable voting rights stands at 2,224,188,668, reflecting the company's transparency regarding shareholder rights.
- Compliance Statement: This information complies with Article L.233-8-II of the French Commercial Code and Article 223-16 of the AMF General Regulation, ensuring the company's adherence to disclosure regulations and transparency.
See More
TotalEnergies Sells 8.5% Stake in Marjoram Gas Field to Inpex
- Transaction Details: TotalEnergies sells its 8.5% net interest in the Marjoram gas field in Malaysia's Block 2E for $350 million (€305.68 million), marking a realization of value from this non-operated asset and optimizing its portfolio.
- Strategic Alignment: This transaction aligns with TotalEnergies' strategy to prioritize operated assets and seek growth opportunities in Malaysia, particularly in developing low-cost, low-emission projects, thereby enhancing its market position in Southeast Asia.
- Market Impact: Inpex's acquisition is expected to expand its business portfolio in Malaysia and strengthen its foundation in the country, aligning with its Vision 2035 aimed at growing its natural gas and LNG business.
- Historical Context: TotalEnergies has operated in Malaysia since 1985 and is now the third-largest gas producer in the country, holding interests in 17 offshore blocks, demonstrating its long-term commitment to the region.
See More
Tenaris Stock Rises 6.2% Following New Service Center Launch in Suriname
- New Service Center Launch: Tenaris has officially commenced operations at its new service center in Suriname, covering 74,500 square meters and aimed at supporting the GranMorgu offshore development project, which is expected to enhance safety and efficiency for its clients.
- Contractual Supply Assurance: The center is contracted to supply essential materials, including casing and production tubing, with an annual capacity of 15,000 metric tons, demonstrating Tenaris's strong commitment to the development of Suriname's energy sector.
- Strong Stock Performance: Tenaris's stock has surged 70.5% since the beginning of the year, although it currently trades at $37.32 per share, which is still 16.1% below its 52-week high of $44.47, reflecting market confidence in its future growth potential.
- Market Volatility Analysis: Over the past year, Tenaris has experienced low volatility with only seven moves greater than 5%, and today's rise is viewed as a significant signal by the market, although it may not fundamentally alter perceptions of the company.
See More
TotalEnergies Sells 85% Stake in Malaysian Block 2E for $350M
- Asset Sale: TotalEnergies has agreed to sell its 85% non-operated interest in Block 2E offshore Malaysia for $350 million, unlocking the value of its minority stake in a non-operated gas project while focusing on its operated portfolio and strategic growth opportunities in Malaysia.
- Gas Field Development: The sale represents a net interest of 8.5% in the Marjoram gas field currently under development, allowing TotalEnergies to optimize its investment portfolio and further solidify its position as the third-largest gas producer in the country.
- Climate Lawsuit: Separately, a group of climate activists filed a lawsuit against TotalEnergies in a French civil court, seeking environmental documents related to an onshore Nigerian oil asset, which could impact the company's asset sale process.
- Regulatory Challenges: TotalEnergies announced in January the sale of its 10% stake in the Nigerian asset to a local company, but the transaction has yet to receive approval from Nigerian regulators, potentially affecting the company's overall strategic positioning.
See More
TotalEnergies Executive Share Transactions Notification
- Executive Trading Notification: On July 6, 2026, TotalEnergies publicly disclosed notifications of share transactions by several executives in compliance with UK Market Abuse Regulation, demonstrating the company's commitment to transparency and regulatory adherence.
- Dividend Reinvestment: Multiple executives, including directors and executive committee members, reinvested their 2025 final dividends through the 'TAF COMPARTIMENT A' sub-fund, indicating their confidence in the company's future growth prospects.
- Transaction Details Disclosure: All transactions occurred on July 3, 2026, and were executed outside of trading venues, reflecting the executives' ongoing interest and investment in the company's stock.
- Compliance Enhancement: This notification aligns with UK Market Abuse Regulation, further strengthening TotalEnergies' compliance image in the market, which may positively influence investor confidence.
See More
TotalEnergies Announces Share Buyback Program
- Buyback Overview: In accordance with the authorization from the shareholders' meeting on May 29, 2026, TotalEnergies repurchased a total of 1,285,106 shares from June 29 to July 3, 2026, amounting to €386,413,898.20, reflecting the company's confidence in its stock value.
- Daily Trading Data: During the buyback period, on June 29, the trading volume was 307,870 shares with an average purchase price of €68.59, while on July 1, 159,383 shares were bought, indicating sustained market interest and demand for TotalEnergies stock.
- Market Reaction Analysis: The buyback program not only boosts shareholder confidence but may also enhance earnings per share by reducing the number of shares in circulation, potentially leading to a positive impact on stock prices and strengthening the company's competitive position.
- Strategic Company Positioning: TotalEnergies is committed to sustainability, and this buyback plan aligns with its operations in 120 countries, aiming to support its long-term growth strategy by enhancing shareholder value.
See More
TotalEnergies Shares and Voting Rights Update
- Total Shares: As of June 30, 2026, TotalEnergies has a total of 2,281,656,714 shares, indicating the company's stability and continuity in the market.
- Voting Rights Overview: The total number of voting rights on the same date is also 2,281,656,714, demonstrating that all shares carry voting rights, which enhances shareholder participation in corporate governance.
- Exercisable Voting Rights: After deducting 57,468,046 treasury shares, the number of exercisable voting rights stands at 2,224,188,668, reflecting the company's transparency regarding shareholder rights.
- Compliance Statement: This information complies with Article L.233-8-II of the French Commercial Code and Article 223-16 of the AMF General Regulation, ensuring the company's adherence to disclosure regulations and transparency.
See More
TotalEnergies Sells 8.5% Stake in Marjoram Gas Field to Inpex
- Transaction Details: TotalEnergies sells its 8.5% net interest in the Marjoram gas field in Malaysia's Block 2E for $350 million (€305.68 million), marking a realization of value from this non-operated asset and optimizing its portfolio.
- Strategic Alignment: This transaction aligns with TotalEnergies' strategy to prioritize operated assets and seek growth opportunities in Malaysia, particularly in developing low-cost, low-emission projects, thereby enhancing its market position in Southeast Asia.
- Market Impact: Inpex's acquisition is expected to expand its business portfolio in Malaysia and strengthen its foundation in the country, aligning with its Vision 2035 aimed at growing its natural gas and LNG business.
- Historical Context: TotalEnergies has operated in Malaysia since 1985 and is now the third-largest gas producer in the country, holding interests in 17 offshore blocks, demonstrating its long-term commitment to the region.
See More
Tenaris Stock Rises 6.2% Following New Service Center Launch in Suriname
- New Service Center Launch: Tenaris has officially commenced operations at its new service center in Suriname, covering 74,500 square meters and aimed at supporting the GranMorgu offshore development project, which is expected to enhance safety and efficiency for its clients.
- Contractual Supply Assurance: The center is contracted to supply essential materials, including casing and production tubing, with an annual capacity of 15,000 metric tons, demonstrating Tenaris's strong commitment to the development of Suriname's energy sector.
- Strong Stock Performance: Tenaris's stock has surged 70.5% since the beginning of the year, although it currently trades at $37.32 per share, which is still 16.1% below its 52-week high of $44.47, reflecting market confidence in its future growth potential.
- Market Volatility Analysis: Over the past year, Tenaris has experienced low volatility with only seven moves greater than 5%, and today's rise is viewed as a significant signal by the market, although it may not fundamentally alter perceptions of the company.
See More
TotalEnergies Sells 85% Stake in Malaysian Block 2E for $350M
- Asset Sale: TotalEnergies has agreed to sell its 85% non-operated interest in Block 2E offshore Malaysia for $350 million, unlocking the value of its minority stake in a non-operated gas project while focusing on its operated portfolio and strategic growth opportunities in Malaysia.
- Gas Field Development: The sale represents a net interest of 8.5% in the Marjoram gas field currently under development, allowing TotalEnergies to optimize its investment portfolio and further solidify its position as the third-largest gas producer in the country.
- Climate Lawsuit: Separately, a group of climate activists filed a lawsuit against TotalEnergies in a French civil court, seeking environmental documents related to an onshore Nigerian oil asset, which could impact the company's asset sale process.
- Regulatory Challenges: TotalEnergies announced in January the sale of its 10% stake in the Nigerian asset to a local company, but the transaction has yet to receive approval from Nigerian regulators, potentially affecting the company's overall strategic positioning.
See More
