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Share Name | Share Symbol | Market | Type |
---|---|---|---|
TotalEnergies SE | EU:TTE | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.66 | -0.95% | 68.59 | 68.59 | 68.94 | 69.85 | 68.58 | 69.68 | 3,628,541 | 16:40:00 |
By Nick Kostov
PARIS--Total SA Tuesday said it has made a $207 million investment in Tellurian Investments Inc. to develop an integrated gas project.
The French oil major said it is acquiring approximately 23% of Tellurian--a private company founded in 2016 and based in Houston, Texas--at $5.85 per share.
"Investing in Tellurian at an early stage will give us the opportunity to potentially strengthen our mid and long term [liquefied natural gas ] portfolio thanks to a very cost competitive project," said Philippe Sauquet, Total's president of gas, renewables and power.
Write to Nick Kostov at nick.kostov@wsj.com
(END) Dow Jones Newswires
December 20, 2016 03:54 ET (08:54 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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