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TotalEnergies discovers 100M barrels offshore Congo, boosts Asia clean energy with $2.2B JV

Market News
13 Apr 2026
Lekha Gupta
View Source
Bullish
pluang ai news

TotalEnergies reported a significant hydrocarbon discovery offshore the Republic of the Congo, estimating nearly 100 million barrels of recoverable resources. The company plans to develop these reserves efficiently using existing infrastructure. Additionally, TotalEnergies is expanding its clean energy presence in Asia through a $2.2 billion joint venture with Masdar, targeting 9 countries and aiming for 9 GW of renewable capacity by 2030. The stock shows strong momentum, trading above key moving averages, with an upcoming earnings report expected on April 29, 2026.

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