TotalEnergies SE (TTE) Stock: Drops as Papua LNG Milestones Bring $14B Project Closer to Final Investment Decision 

TLDR TTE stock slips as Papua LNG cuts project costs to $14B before final approval. Papua LNG completes EPC tendering after securing nearly $4B in project savings. ExxonMobil takes Papua LNG operatorship as TotalEnergies reduces its project stake. TotalEnergies keeps 20% of Papua LNG while retaining its planned LNG offtake share. New LNG marketing and [...]

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