Total Share Discussion Threads

[sarkasm] 10/12/2017 08:39

Total S.A. Announcement re: Rights Issue
08/12/2017 4:46pm
UK Regulatory (RNS & others)


TIDMTTA



TOTAL S.A.: Statement in Compliance with the Article 223-16 of the General Regulation of the Financial Markets Authority (AMF - Autorité des marchés financiers)



Total (Paris:FP) (LSE:TTA) (NYSE:TOT):


Date Total number ofshares Number of voting rights
exercisable
atShareholders' meeting
November 30, 2017 2,528,814,376 2,677,900,746



A total number of 2,686,277,502 voting rights were attached to the 2,528,814,376 underlying Total shares (referred to as 'theoretical voting rights'), including:



-- 8,376,756 voting rights attached to the 8,376,756 Total shares held by

TOTAL S.A. that also cannot be exercised at shareholders' meetings

pursuant to the provisions of the Articles L.225-111 and L.225-210 of

the French Commercial Code.



2.5. Total number of voting rights and capital



LEI: 529900S21EQ1BO4ESM68






View source version on businesswire.com:


This information is provided by Business Wire



(END) Dow Jones Newswires

December 08, 2017 11:46 ET (16:46 GMT)

[sarkasm] 09/12/2017 17:12

Dividends for holders of Total shares traded on the Euronext Paris
December 19, 2017
Ex-dividend date for the 2nd 2017 interim dividend

[grupo] 09/12/2017 08:00

8/12/2017 | 4:21 p.m.

JPMorgan downgraded its recommendation on Total Neutral to Underweight and lowered its price target from 48 to 46 euros. Last September, the broker was reassured by the message of budgetary discipline addressed by the group at its investor meeting. Today, the design office is more measured despite the robust prospects of the sector. He is more cautious about the group's ability to generate as much cash as expected and to manage its balance between cost savings and capital expenditures.

Above all, JPMorgan emphasizes that the group's objective to hedge its dividend by its free cash flow (cash breakeven) at $ 50 per barrel in 2019, could be renewed in 2020.

However, according to his own estimates, Total should do less well than its European competitors. The latter could indeed show a cash breakeven of 50 dollars in 2017, 46 dollars in 2019 and 43 dollars in 2020.

[grupo] 08/12/2017 19:11

Energy stocks were trending higher, with the NYSE Energy Sector Index rising 0.5% while shares of energy companies in the S&P 500 were up more than 0.8% as a group. Crude oil for January delivery was up 35 cents at $57.04 per barrel while January natural gas futures were 1 cent lower at $2.76 per 1 million BTU, reversing a small advance earlier this morning.

In company news, American depository shares of Total SA ( TOT ) were falling this afternoon, dropping as much as 1% to a session low of $55.14 apiece, after the French energy major and Russian natural gas producer Novatek said they loaded their first shipment of liquefied natural gas from their jointly owned plant in Russia's arctic region.

The Yamal LNG plant is one of the biggest liquefied natural gas facilities in the world and is capable of producing more than 4.6 billion barrels of natural gas equivalent per year. The plant is operated by Yamal LNG Co., which is 50.1% owned by Novatek while Total and China's CNPC each hold 20% stakes. Silk Road Fund owns the remaining 9.9% of the venture.

[waldron] 08/12/2017 08:58

Engie targets 100% renewable gas supply in France by 2050
Photo by Steve Jurvetson (Flickr) [CC BY 2.0 (hxxp://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons

December 7 (Renewables Now) - French energy group Engie (EPA:ENGI) believes it will supply its French clients with gas of 100% renewable origin by 2050.

The established natural gas supplier on Monday announced it will invest heavily in biomethane and hydrogen to green its gas offering.

Engie is already working on some forty biogas projects in France - facilities that turn waste, mostly agricultural waste, into methane.

The French company also wants to develop hydrogen production units, converting electricity produced by renewable sources into gas to power fuel cell vehicles. "We are going to gradually green our gas supply, so that by 2050 it can be 100% green," CEO Isabelle Kocher told a press conference.

At the start of November, Engie created a new entity to focus on the development of renewable hydrogen, and unveiled a new green gases partnership with Total SA (EPA:FP).

"We are interested in developing big projects to create industrial standards, lower costs and ensure that the business grows from small projects, currently representing around 1% of the demand in France - to something closer to 100 %," she added.

Gas is a necessary ingredient for the energy transition to work because the more renewable electricity enters the energy mix, the bigger the problem of the intermittency of these sources gets, underlined Isabelle Kocher, for whom the " pain threshold "is around" 20-30% "and must be overcome by means of gas storage.

Engie estimates that "green" gas could represent 10% of French consumption by 2025 and 30% in 2030. The company's renewable gas investments are expected to grow from "a few dozen" to "a few hundred" million euros a year.

[waldron] 08/12/2017 08:26

(TotalFinance.com) - Total announces that Yamal LNG's first shipment of liquefied natural gas (LNG) is ready to leave Sabetta, marking an important milestone in Yamal LNG's history, with the French company holding 20 %.

This gas liquefaction project is designed to exploit 4.6 billion barrels of oil equivalent of gas reserves in northern Russia. At full capacity, the plant and its three liquefaction trains will supply 16.5 million tonnes of LNG per year.

The construction of the first train and logistics facilities was completed thanks to the mobilization of more than 30,000 people at the height of the activity. The second and third trains will start respectively in 2018 and 2019.

[the grumpy old men] 07/12/2017 10:17

BP, Total’s ratings could absorb end of scrip dividends: Fitch

December 7, 2017 Company News, Crude Oil, Europe, Natural Gas, News 0

European oil majors BP and Total could be pressured into following Shell’s recent decision to cancel scrip dividends and return to paying its dividend entirely in cash, but such a move is unlikely to negatively impact their debt ratings, Fitch Ratings said Wednesday.

Analysts at the credit rating agency said in a note both BP and Total have rating headroom if scrip dividends are ended, at least more headroom at their current rating than Shell did.

Fitch has affirmed Shell at "AA-" with a negative outlook after last week’s decision, claiming the plan will slow the firm’s deleveraging, Kallanish Energy learns.

If both companies were to completely cancel scrip dividends beginning in 2018, it would “probably take significantly more shareholder-friendly actions, such as very large share buybacks or rising dividends, as well as rising capital intensity, for the ratings of Total and BP to come under significant pressure,” Fitch said.

All three oil majors introduced scrip dividend programs when oil prices collapsed in 2014-2015, rather than cut gross dividends, which helped balance cash flows and reduce additional borrowing.

The analysts said the recent oil price recovery, along with pressure from shareholders who don’t want their shares diluted, could incentivize oil companies to increase cash distributions by cancelling scrip dividends, launching share buybacks or even raising dividends.

Shell saved roughly $11 billion of cash with the program, but reiterated its commitment to buy back at least $25 billion of shares in 2017-2020, subject to a sustained recovery in crude prices and debt reduction. Its reference oil price is $60 a barrel.

Fitch analysts, however, see Shell's decision as credit negative “as it will reduce the company's financial flexibility under our base case of oil prices returning to below $55/Bbl in 2018, and refining margins moderating.”

[waldron] 05/12/2017 12:23

Drilling & Production News
Total, Sonangol sign deals for new upstream and downstream projects in Angola
EBR Staff Writer
Published 05 December 2017

French oil and gas major Total and Angola’s national oil company Sonangol have signed various agreements covering upstream and downstream activities in the Southern African country.

The agreements will result in restarting of offshore exploration in Angola, launch of new projects and new businesses in renewable energy and oil product distribution.

Total and Sonangol have come to an agreement on the contractual conditions for the Zinia Phase 2 project. Following this, the project which will see Zinia 2 connected to the Pazflor floating production, storage and offloading (FPSO), will move towards a final investment decision.

A part of the Pazflor oil field, the Zinia field is located in block 17. It is operated by Total which has a stake of 40% and is partnered by Statoil (23.33%), Esso Exploration Angola Block 17 (20%) and BP Exploration Angola (16.67%).

After the completion of the project, the Zinia field is expected to have a daily production of 40,000 barrels.

Total has also agreed to jointly explore Block 48 alongside Sonangol through a new deal which would mark the resumption of deep-water exploration in Angola.

The first phase of the exploration program will be for a two-year period and will involve drilling of an exploration well.

Total and Sonangol have also inked a memorandum of understanding (MoU), following which they will jointly create a retail network in Angola. The new retail network would include logistics and the supply of oil products.

Apart from that, the two firms have signed another MoU for jointly screening opportunities for supply of renewable energy across Angola.

Total chairman and CEO Patrick Pouyanné said: “As Angola’s main oil partner, we are pleased with the strong willingness expressed by the country’s new authorities to drive an investment dynamic in the oil and gas sector, essential to the country’s economy, after three years impacted by the sharp drop in prices.”

Pouyanné added that Total is also looking to ensure that the Kaombo project is started during summer 2018. The deep offshore project, which is touted to be the most significant investment in Angola as of now, is estimated to have reserves of 650 million barrels.

[sarkasm] 04/12/2017 16:45

(Boursier.com) - Total takes stock of new projects in Angola.

Total and Sonangol have reached an agreement on the contractual conditions for the development of Zinia phase 2, which makes it possible to initiate the final investment decision. Located on block 17 and operated by Total (40%), Zinia 2 will be connected to FPSO Pazflor and will produce 40,000 barrels a day.

In addition, Total and Sonangol have decided to jointly explore block 48. This agreement is helping to boost exploration in Angola's deep offshore waters. The first phase of this program will span two years with the drilling of an exploration well.
© 2017, Boursier.com

[waldron] 04/12/2017 10:27

(Boursier.com) - Closing done for Total / EREN Renewable Energy transaction. Both groups have received the approval of the competent authorities to finalize their strategic agreement, concluded in September 2017, so that Total becomes, as of 1 December 2017, an indirect shareholder of Eren Re at 23%. EREN RE is renamed Total Eren on the same date.

Following the approval of the transaction by the French Competition Authority on November 23, 2017, followed by the agreement of all stakeholders on December 1, 2017, the administrative conditions necessary to achieve the strategic agreement are completed on time.

The ambition of Total Eren, active on five continents, is to reach a global installed capacity of more than 3 GW in the world by 2022 and the capital increase subscribed by Total is an important step in the realization of this goal. At the end of this five-year period, the agreement provides Total with the option to take control of Total Eren.

The acquisition of a stake in Total Eren completes Total's portfolio of activities in the field of renewable energies. In particular, Total Eren allows the Total Group to enter wind power generation. With regard to solar power plants, Total Eren's strategic priority is to develop in emerging countries where electricity needs are growing.

[grupo] 01/12/2017 10:19

1 December 2017
News
Deals this week: Total, United Oil & Gas, Royal Boskalis Westminster
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Total S.A. has agreed to dispose its 51% stake in the Martin Linge oil and gas field and 40% interest in the Garantiana oil discovery to Statoil Petroleum AS for a sum of $1.45bn.

Martin Linge field is located at a water depth of approximately 115m and holds recoverable resources exceeding 300 million metric barrels of oil equivalent (Mmboe).
"United Oil & Gas Plc has entered an arrangement to acquire 20% stake in Walton-Morant exploration license from Tullow Jamaica Ltd."

The Garantiana discovery lies at a water depth of approximately 380m in the Norwegian North Sea and holds recoverable resources between 50 million and 70 million metric barrels of oil equivalent.

The transaction is currently scheduled for completion in 2018 and will allow Statoil to expand its business within the Norwegian continental shelf.

United Oil & Gas Plc has entered an arrangement to acquire 20% stake in Walton-Morant exploration license from Tullow Jamaica Ltd.

The Walton-Morant license extends over an area of 32,000km² and contains a mixture of Cretaceous and Tertiary-aged clastic and carbonate reservoir targets.

United Oil has agreed to pay a 20% share of costs for Phase 1c of the current exploration programme from 1 November.

The transaction is expected to allow United Oil to expand its portfolio of oil and gas assets.

Royal Boskalis Westminster N.V. (Boskalis) has completed the acquisition of Harkand Group’s diving support vessel (DSV), Atlantis, for $60m.

The company has also signed a three-year bareboat charter for its sister vessel Da Vinci, and also holds the right of first refusal in the event of a sale.

The transaction is intended to enhance Boskalis’ subsea service offerings.

[sarkasm] 30/11/2017 18:03

Total: end of the modernization of the Antwerp platform.
Total (EU: FP)
Intraday Chart of the Action

Today: Thursday 30 November 2017
More charts from the Total Exchange
(CercleFinance.com) - Total reported this Thursday after trading inaugurated the new units of its integrated refining-petrochemical platform in Antwerp (Belgium), which have gradually started in recent months.

This event marks the completion of the modernization program launched in 2013 of one of the largest and most successful refinery-petrochemical platforms in Europe. The French oil giant has invested more than one billion euros to strengthen the competitiveness of this major site located in the heart of major European markets.

This new complex will reduce the production of heavy sulfur fuels in anticipation of the new marine fuel regulation that will come into force in 2020.

[la forge] 27/11/2017 17:23

Statoil Acquires Stakes in 2 Total North Sea Projects

By Paul Ausick November 27, 2017 12:00 pm EST
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Norway’s Statoil ASA (NYSE: STO) announced this morning that it has acquired stakes in two North Sea projects from France’s Total S.A. (NYSE: TOT). The transaction, valued at $1.45 billion, includes a 51% equity stake in the Martin Linge field and a 40% stake in the Garantiana discovery, both located on Norway’s continental shelf.

Martin Linge is an oil and gas field under development west of the Oseberg field in the North Sea, with estimated recoverable resources in excess of 300 million barrels of oil equivalent. The expected production lifetime extends into the 2030s. The acquisition raises Statoil’s stake in the project to 70%.

Garantiana is an oil discovery north of the Visund field in the North Sea with a recoverable resource potential between 50 million to 70 million barrels of oil equivalent. Development concepts are currently being evaluated. Prior to this transaction, Statoil had no equity interest in Garantiana.

Arne Sigve Nylund, Statoil’s executive vice president for Development & Production Norway, said:

This transaction adds competitive growth assets to our portfolio on the Norwegian continental shelf. The Martin Linge project features innovative solutions to enhance safety, capture value and reduce emissions, in line with our strategy. By leveraging Statoil’s operational experience and existing contracts, we can realise additional opportunities and synergies from these assets.

The platform for the Martin Linge operation is scheduled to be delivered from Samsung’s South Korean shipyard early next year and production is expected to begin in the first half of 2019.

Following the completion of the transaction, Statoil becomes the operator of both assets.

Statoil was recently fined $4 million by the U.S. Commodities Futures Trading Commission for attempting to manipulate energy markets in 2011. A bigger blow, from which the share price is only just recovering, was the Norwegian sovereign wealth fund’s announcement that it would reduce its holdings in energy stocks. The government’s two-thirds ownership of Statoil is held separately from the sovereign wealth fund. And even then, the fund is decidedly underweight energy with just 4% of assets in oil and gas stocks.
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[grupo] 27/11/2017 11:13

Total strike first oil from Brazilian mega-field

Written by David McPhee - 27/11/2017 10:44 am

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Oil giant, Total, have announce the first oil from the Libra mega-field, located 180 kilometres of Rio de Janeiro.

The floating production, storage and offloading (FPSO) unit Pionerio de Libra is located in unltra-deep water and has a 50,000 barrel capacity.

The start-up phase of production will focus on generating initial revenue and capturing technical data to streamline the development stage.

The Libra development will continue to search for further investment in the Libra 1 FSPO, which has a 150,000 barrels per day capacity.

Arnaud Breuillac, president, exploration and production at Total, said: “Total is pleased that production has begun on the giant Libra field, which is a multi-billion barrel resource. Libra is a major asset in Total’s portfolio and fits into our strategy of investing in highly competitive projects with low break-even points. The start-up is a major step in the development of this field, and Total is bringing its deep offshore expertise to the project.”

The Libra field is operated by Petrobras (40%) as part of the international consortium whose other partners are Total (20%), Shell (20%), CNOOC (10%) and CNPC (10%).
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[sarkasm] 27/11/2017 09:02

Total in major sell-off ahead of Maersk deal closing

Written by Rita Brown - 27/11/2017 7:48 am

The Martin Linge project
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Total has struck a $1.45billion deal with Statoil.

The operator agreed to sell all of its interests in the Martin Linge field (51%) and Garantiana discovery (40%) on the Norwegian Continental Shelf to Statoil.

“The forthcoming acquisition of the Maersk Oil portfolio, which will make Total the second largest operator in the North Sea, leads us to review our portfolio in this area so as to focus on the assets in which Total will be able to generate synergies and reduce their breakeven points.

“In this context, given that Martin Linge is Total’s only operated asset in Norway, there is limited scope to optimize operations, whereas with Statoil’s leading operating position on the Norwegian Continental Shelf, Statoil is in a better position to optimize this asset for the benefit of all stakeholders. We are therefore satisfied with the agreement with Statoil, a long time trusted partner, which in addition, offers us a satisfactory value for this asset”, said Arnaud Breuillac, president, Exploration & Production at Total.
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“Norway remains a strategic country for Total as one of the largest contributors to the group’s production and we of course intend to continue bringing our expertise to Norway by focusing in particular on major non-operated assets such as Ekofisk, Snohvit and Johan Sverdrup.”

The transaction involves the transfer of relevant employees from Total to Statoil in compliance with the applicable legislation.

Total has been present in Norway for over 50 years. Total holds interests in 85 production licenses and operates 32 of them. Total E&P Norge AS equity production was 235,000 barrels of oil equivalent per day in 2016.

Most recently, Total has signed an agreement with Shell and Statoil to mature the development of a full scale carbon storage on the Norwegian continental shelf. This is in line with Total’s roadmap to develop carbon capture utilization and storage (CCUS) as a key axis of its low carbon strategy.

[waldron] 27/11/2017 08:23

Total: sales of interests in Norway.
Total (EU: FP)
Intraday Chart of the Action

Today: Monday 27 November 2017
More charts from the Total Exchange
(CercleFinance.com) - Total announces that it has agreed with Statoil to sell all of its interests in the Martin Linge field (51%) and the discovery of Garantiana (40%) on the Norwegian continental shelf, transaction which involves the transfer of the employees concerned.

The amount of the transaction will be $ 1.45 billion with an effective date of January 1, 2017. The transaction remains subject to final due diligence and approval by the appropriate authorities.

"Norway remains a strategic country for Total and one of the largest contributors to the production of the group," however said Arnaud Breuillac, general manager exploration-production of Total.