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Feb 3, 2026 4:01 PM

TotalEnergies Strikes Big Kuwait Deal To Unlock New Oil And Gas Finds

TotalEnergies SE (NYSE:TTE) stock rose Tuesday after the company signed a Memorandum of Understanding (MoU) with Kuwait Oil Company (KOC) to enhance collaboration, share expertise, and conduct technical studies.

The MoU specifically covers studies on new exploration opportunities in Kuwait, with TotalEnergies contributing its technical expertise to support these initiatives.

Patrick Pouyanné, Chairman and CEO of TotalEnergies, said, “We are pleased to strengthen our cooperation with Kuwait Oil Company through this MoU, which reflects our shared ambition to contribute to Kuwait’s ...