$TTE

Petrobras and PetroChina each bought 500,000 barrels of oil from Brazil's 8th Spot Auction, competing against CNOOC, Equinor, ExxonMobil, Galp, and TotalEnergies. The auction, managed by PPSA, sold 1 million barrels from the Búzios field, with deliveries scheduled for late September to October. The oil comes from Brazil's production-sharing regime, where companies deliver excess oil to the government, which then sells it.

TotalEnergies has restarted its $20B Mozambique LNG project, with construction progressing to 45% completion. First output is expected in 2029, but security and cost disputes remain. The project is a major investment in sub-Saharan Africa, with potential economic impacts for Mozambique.

TotalEnergies acquired a 40% operated interest in Namibia's PEL83 license, including the Mopane oil discovery, from Galp. The deal involves Galp receiving interests in PEL56 and PEL91 licenses. TotalEnergies plans to resume appraisal activities on Mopane later this year, aiming for a 2028 FID. The company estimates Mopane's 3C resource at 1.3 BBoe, according to Sintana Energy.

TotalEnergies received Namibian government approval to acquire a 40% operating interest in the PEL83 license, making it the operator of Namibia's two largest oil discoveries. The deal involves a 10% interest in PEL56 and a 9.39% interest in PEL91 for Galp. TotalEnergies expects a Final Investment Decision in 2028 and first oil by 2033. The company aims to establish a major production hub in Namibia and advance low-carbon projects.

Fed Governor Waller's comments on holding rates steady sparked a market rally, with the Nasdaq up 1.4% and Bitcoin above $80,000. Analysts upgraded Shell (NYSE: SHEL) to Overweight with a $101.30 target, while downgrading Ambarella (NASDAQ: AMBA) to Hold. StoneX initiated PulteGroup (NYSE: PHM) as Buy and Lennar (NYSE: LEN) as Hold. Major indices closed higher, with the Nasdaq at 26,584, Dow at 53,686, S&P 500 at 7,747, and Russell 2000 at 2,966.

TotalEnergies SE (TTEF) saw options activity with put volume exceeding call volume by 1.68-to-1, indicating hedging or downside positioning. The largest trade was a June 2027 €80/€88 call spread, suggesting longer-term upside interest. Puts concentrated around €75, acting as a key downside reference. Three-month volatility fell to 24.61%, with no broad panic signal. The overall positioning is described as 'hedged bullish'.

Piper Sandler raised Chevron's (CVX) price target to $243, the highest on Wall Street, citing stronger crude and refining margins. The firm also increased its Brent price forecasts and refining crack spread estimates. Piper kept its overweight rating on CVX and raised targets for other integrated oil and refiner companies, including BP, MPC, PSX, SHEL, TTE, VLO, and XOM.

TotalEnergies completed a transaction with Galp, acquiring a 40% operated interest in the PEL83 license in Namibia. The deal strengthens TotalEnergies' position in the Orange Basin, with plans to appraise the Mopane discovery by 2028. TotalEnergies now operates Namibia's two largest oil discoveries, aiming for long-term value creation.

Australia plans to mandate large data centers to provide their own clean energy and pay full network costs. McDermott International partnered with ULC-Energy for SMR projects and Doosan Enerbility for power generation. Baker Hughes received a 1.3-GW gas turbine order from Dynamis Power Solutions. Origis Energy's Rockhound Solar complex reached 1 GW capacity. OWC, KLEM, and OEG signed an MoU for offshore wind O&M services in South Korea. TotalEnergies commissioned Africa's largest hybrid renewabl

TotalEnergies has appointed Pablo Semolinos as the new general director for renewable and flexible generation, marketing, and trading operations in Spain, effective September 1. This move aims to strengthen coordination of gas and electricity activities. Semolinos replaces José Ignacio Sanz, who will lead the Gas, Renewables & Power business in France. The company has a 3 GW renewable portfolio and 2.5 million customers in Spain.