Total Share Discussion Threads

[sarkasm] 10/4/2018 13:25

Big Oil's New Favorite Toy: Supercomputers
10/04/2018 12:29pm
Dow Jones News

BP (LSE:BP.)
Intraday Stock Chart

Today : Tuesday 10 April 2018
Click Here for more BP Charts.

By Sarah Kent and Christopher M. Matthews

Xukai Shen, a geophysicist working at BP Plc, had a hunch he could solve a riddle that had vexed the company: whether there was a lot of oil hidden beneath a salt dome 7,000 feet underwater in the Gulf of Mexico. So he asked to use the company's supercomputer exclusively for two weeks to check it out.

Using an algorithm, the 33-year-old with a Stanford PhD harnessed the computer's massive power last year to produce a clearer seismic image of what lay beneath. The result: a potentially massive oil find. With a clearer picture of the area, BP estimated 200 million barrels of crude lay hidden in the Atlantis oil field, a region the company had been plumbing for decades.

"Basically we found a field within a field," said Ahmed Hashmi, BP's head of technology for exploration and production, during a recent tour of the company's Houston supercomputer, as the machine hummed nearby.

BP is now in love with beefy computer power -- and it's far from the only one in the oil patch. Italy's Eni SpA has built a computing facility the size of a soccer field outside of Milan, crediting its help in all its most recent oil and gas discoveries. France's Total SA recently upgraded its Pangea supercomputer, nearly tripling its computing power.

While big oil companies were early adapters of supercomputers, some have poured hundreds of millions into upgrades, and now possess some of the most powerful commercially owned computers on the planet.

The efforts are part of a larger digital arms race among energy companies, which are embracing technology in newfound ways to produce fossil fuels more cheaply and efficiently. Earlier mechanical advances enabling the boom in U.S. oil and gas production and lowering prices have added to the pressure on companies to innovate even further.

The computers are costly, but can reduce the oil exploration process by months and save companies tens of millions of dollars by avoiding misplaced wells. To harness their potential, the companies are increasingly seeking to compete with Silicon Valley firms for top data and computer scientists.

"We're going all in," said Bernard Looney, BP's head of exploration and production. "We're only scratching the surface today of what's possible."

BP is in the middle of a five-year, $100 million investment in its Houston supercomputer. It's built a 15,000-square-foot room in a 3-story, flood-proof building to house the titan, which currently takes up about 50% of the space and has the computing power of around 50,000 iPhone 7s.

BP claimed it was the most powerful commercial research computer in the world in December. Within a month, however, it was overtaken by Eni's supercomputer. BP said it has room to expand its computer further.

Not everyone can take BP's build-your-own approach. Like high-cost deepwater oil projects, in-house supercomputing remains largely the domain of only the world's biggest oil companies. But smaller players are finding creative ways to take advantage of technological advances.

Devon Energy Corp., one of the largest U.S. shale oil producers, is putting its data in the cloud so it can use the virtual computing power Microsoft Corp.

"It costs me hundreds of thousands of dollars versus tens of millions," said Benjamin Williams, Devon's chief information officer. "You have to decide, am I going to use this giant capacity enough to justify the investment versus the premium I may pay from a cloud provider."

Mr. Williams said many high performance computing centers are idle 80% of the time, while Devon only pays for supercomputing when it needs it. Devon has a small innovation lab in its Oklahoma City headquarters, where its computer and data scientists can experiment on high-end computers and virtual reality platforms. The company developed three-dimensional visualization tools there that its geologists use to "get inside" Devon's oil reservoirs.

Exxon Mobil Corp., the world's biggest non-state-backed oil company, also outsources its demand for computing power to analyze seismic data and map the rocks it's planning to drill. Even BP uses outside computers for regular seismic analysis, reserving its giant facility in Texas for cutting-edge research.

How much the digital revolution really changes the century-old oil and gas industry remains to be seen. Some executives and analysts are already warning that companies have unrealistic expectations about the speed of adoption.

John Gibson, who heads the digital innovation team at energy investment bank Tudor Pickering Holt & Co, said most energy companies gutted their research and development funding during the past commodity price crashes, and hasn't recovered.

"Most of the horizontal drilling and fracking techniques we're using today were from research dollars that were spent in the early 90s," Mr. Gibson said. "There is basic research that the industry needs and we rely on academia for it right now."

BP says it's already reaping the benefits of experiments with advanced technology.

In Alaska, the company said it crunched 40 years of data on its operations, weather patterns and pipeline corrosion and found ways to maintain its 1,300 miles of pipelines in the state more efficiently by reducing on-site inspections.

The physical inspections -- as many as 100,000 locations a year -- only found issues 2.5% of the time, and were difficult to perform in a state where temperatures can get so cold that workers can only be in the elements for minutes at a time. With the analysis, BP has managed to reduce inspections 25% and better predict corrosion, Mr. Looney said.

Write to Sarah Kent at [e-mail] and Christopher M. Matthews at [e-mail]



(END) Dow Jones Newswires

April 10, 2018 07:14 ET (11:14 GMT)

[waldron] 09/4/2018 19:16

The title Total could start a phase of technical decline after the rebound recorded in recent sessions.

From a technical point of view, the proximity of the mid-term resistance of EUR 48.9 limits the upside potential on the stock. The technical indicators also highlight a level of overbought that reinforces this scenario of weakening recovery. The potential is thus greater downward than upward. A consolidation could be put in place in the next sessions and reduce the title in the area of ​​46.9 EUR or 45.8 EUR per extension.

We will be able to position ourselves seller through the turbo put unlimited Commerzbank 259WZ which rating 0.95 EUR for a strike price of 57.8161 EUR and a barrier disabling to 55.96 EUR. The rallying of our objectives would make it possible to achieve respective gains of the order of 15% and 28% for this derivative product. The invalidation threshold initially set will limit the risk to 16%.




We track the proposed products and write a new recommendation for the exit of the line (except in case of deactivation). As such, the objectives and thresholds of invalidation are given for informational purposes and may change depending on market conditions and our convictions.
Mnemo Type Strike Barrier Deadline
259WZ PUT 57.8161 55.96 -

[waldron] 09/4/2018 18:05

Total
48.32 -0.32%

Cac 40 Index 5,263.39+0.1%


BP
493.55 -0.97%



Shell A
2,330 +0.30%

FTSE 100 7,194.75+0.2%



Shell B
2,371.5 +0.36%


Brent Crude Oil NYMEX 68.54 +2.25%
Gasoline NYMEX 1.98 +1.53%
Natural Gas NYMEX 2.66 -1.37%

[waldron] 09/4/2018 12:09

Total
48.275 -0.41%

Cac 40 Index 5,270.05+0.2%


BP
489.35 -1.82%



Shell A
2,320.5 -0.11%


Shell B
2,362 -0.04%

FTSE 100 7,176.48-0.1%

Brent Crude Oil NYMEX 67.46 +0.64%
Gasoline NYMEX 1.96 +0.49%
Natural Gas NYMEX 2.69 -0.37%

[waldron] 09/4/2018 08:29

Total
48.305 -0.35%



Cac 40 Index 5,265.09+0.1%


BP
495.1 -0.66%



Shell A
2,318 -0.22%



Shell B
2,356 -0.30%

FTSE 100 7,190.91+0.1%



Brent Crude Oil NYMEX 67.34 +0.46%
Gasoline NYMEX 1.95 +0.28%
Natural Gas NYMEX 2.68 -0.52%

[maywillow] 08/4/2018 13:08

26 APRIL 2018
First Quarter 2018 Results

[grupo] 07/4/2018 16:37

Saudi Aramco to build giant chemical complex in Texas
WASHINGTON, 9 hours, 42 minutes ago
Saudi Arabia’s national oil company Saudi Aramco will sign an agreement this weekend with British oilfield services firm TechnipFMC to explore building a multibillion-dollar chemical plant in Texas, US, said a report, citing sources familiar with the matter.

The agreement with TechnipFMC involves a study for a potential chemical unit on the US Gulf Coast that would be able to produce materials used in gasoline and as industrial solvents, said the people, who asked not to be identified because the matter isn’t public.

There will also be a study on a facility that can make ethylene, a key compound for making plastics. Saudi Aramco, through its Motiva Enterprises subsidiary, owns North America’s largest refinery, in Port Arthur, Texas.

Crown Prince Mohammed bin Salman, heir to the throne of the world’s largest oil exporter, is wrapping up a three-week tour of the US to promote his effort to open up the Saudi economy through his “Vision 2030” and has announced several development projects.

While in New York in late March, he signed a memorandum of understanding with Softbank Group Corporation to build at $200 billion solar power development.

Investments in the US were announced as Aramco plans an initial public offering for as soon as the second half of this year.

Proceeds from the share sale should be used to expand the company’s footprint in refining and petrochemicals, rather than in oil exploration and production, Aramco CEO Amin Nasser said in a March 26 Bloomberg television interview in New York.

Nasser also said Aramco is looking at a two- to three-fold expansion of its petrochemicals business from a “huge” global capacity, now that the Sadara joint venture with Dow Chemical is complete.

Total SA, the French energy major, and Aramco are due to sign a non-binding agreement on April 10 to develop the petrochemical site at their refinery in Al-Jubail, a person familiar with the matter said.

[waldron] 06/4/2018 16:56

Total
48.475 -0.18%

Cac 40 Index 5,258.24-0.4%


BP
498.4 -0.28%



Shell A
2,323 -0.45%




Shell B
2,363 -0.42%

FTSE 100 7,183.64-0.2%


Brent Crude Oil NYMEX 67.26 -1.87%
Gasoline NYMEX 1.96 -1.54%
Natural Gas NYMEX 2.70 +0.82%

[waldron] 06/4/2018 12:22

Total
48.29 -0.56%

Cac 40 Index 5,252.95-0.5%


BP
500 +0.04%



Shell A
2,329 -0.19%

FTSE 100 7,181.95-0.2%



Shell B
2,364.5 -0.36%


Brent Crude Oil NYMEX 67.89 -0.95%
Gasoline NYMEX 1.97 -0.79%
Natural Gas NYMEX 2.70 +0.78%

[waldron] 06/4/2018 08:22

Total
48.595 +0.07%

Cac 40 Index 5,257.56-0.4%



BP
498.75 -0.21%



Shell A
2,336 +0.11%



Shell B
2,376.5 +0.15%


FTSE 100 7,180.86-0.3%


Brent Crude Oil NYMEX 67.94 -0.88%
Gasoline NYMEX 1.97 -0.66%
Natural Gas NYMEX 2.68 +0.11%

[la forge] 05/4/2018 18:24

Total S.A. Total: Results of the Option to Receive the 2017 Third Interim Dividend in Shares
05/04/2018 6:20pm
UK Regulatory (RNS & others)

Total SA (LSE:TTA)
Intraday Stock Chart

Today : Thursday 5 April 2018
Click Here for more Total SA Charts.


TIDMTTA



The Board of Directors of Total S.A. (Paris:FP) (LSE:TTA) (NYSE:TOT) met on March 14, 2018, and declared a 2017 third interim dividend of EUR0.62 per share and offered, under the conditions set by the fourth resolution at the Combined Shareholders' Meeting of May 26, 2017, the option for shareholders to receive the 2017 third interim dividend in cash or in new shares of the Company.



The period for exercising the option ran from March 19, 2018 to March 28, 2018. At the end of the option period, 44% of rights were exercised in favour of receiving the payment for the 2017 third interim dividend in shares.



15,559,601 new shares will be issued, representing 0.59% of the Company's share capital on the basis of the share capital as of March 31, 2018. The share price for the new shares to be issued as payment of the 2017 third interim dividend was set at EUR45.70 on March 14, 2018. The price is equal to the average opening price on Euronext Paris for the twenty trading days preceding the Board of Directors of March 14, 2018, reduced by the amount of the 2017 third interim dividend, without any discount.



The settlement and delivery of the new shares as well as their admission to trading on Euronext Paris will occur on April 9, 2018. The shares will carry immediate dividend rights and will be fully assimilated with existing shares already listed.



In line with the shareholder return policy announced on February 8, 2018, in order to avoid any dilution linked to the issuance of new shares, the Group will buy back during the quarter the newly issued shares with the intention to cancel them.



The remaining cash dividend to be paid to shareholders who did not elect to receive the 2017 third interim dividend in shares amounts to 910 million euros and the date for the payment in cash is set for April 9, 2018.



About Total



Total is a global integrated energy producer and provider, a leading international oil and gas company, and a major player in low-carbon energies. Our 98,000 employees are committed to better energy that is safer, cleaner, more efficient, more innovative and accessible to as many people as possible. As a responsible corporate citizen, we focus on ensuring that our operations in more than 130 countries worldwide consistently deliver economic, social and environmental benefits. total.com

[waldron] 05/4/2018 17:06

Total
48.56 +2.71%



Engie
14 +1.49%

[waldron] 05/4/2018 17:01

BP
499.8 +3.74%


Shell A
2,333.5 +3.76%


Shell B
2,373 +3.99%

MIGHT WELL BREAK INTO THE 2375 to 2475 BOX tomorrow

premium up to 39.5

[waldron] 05/4/2018 12:27

Total
47.82 +1.14%


Cac 40 Index 5,234.80+1.8%

[waldron] 05/4/2018 08:19

Total
47.915 +1.34%

Cac 40 Index 5,219.40+1.5%


BP
489.6 +1.62%



Shell A
2,277.5 +1.27%


Shell B
2,315 +1.45%


FTSE 100 7,131.69+1.4%


Brent Crude Oil NYMEX 68.24 +0.03%
Gasoline NYMEX 1.98 -0.09%
Natural Gas NYMEX 2.69 -0.81%

[waldron] 04/4/2018 17:20

Total
47.28 +1.23%


Cac 40 Index 5,141.80-0.2%


BP
481.8 +0.48%


Shell A
2,249 +0.67%

FTSE 100 7,034.01+0.1%



Shell B
2,282 +0.48%

Brent Crude Oil NYMEX 67.61 -0.81%
Gasoline NYMEX 1.96 -0.86%
Natural Gas NYMEX 2.74 +1.56%

[waldron] 04/4/2018 12:57

Total
46.855 +0.32%

Cac 40 Index 5,104.64-0.9%



BP
480.05 +0.11%



Shell A
2,240 +0.27%


Brent Crude Oil NYMEX 67.28 -1.29%
Gasoline NYMEX 1.96 -0.75%
Natural Gas NYMEX 2.69 -0.19%



Shell B
2,273.5 +0.11%


FTSE 100 6,991.39-0.6%

[waldron] 04/4/2018 08:45

Total
46.925 +0.47%

Cac 40 Index 5,146.84-0.1%


BP
481.1 +0.33%



Shell A
2,238 +0.18%


Shell B
2,277 +0.26%

FTSE 100 7,034.04+0.1%



SHELL AB PREMIUM DOWN TO 39p

BY 2020 PREMIUM MIGHT BE ZERO WHEN SHARES WILL become C SHELLS perhaps if dutch withholding tax is no longer


Brent Crude Oil NYMEX 67.90 -0.38%
Gasoline NYMEX 1.97 -0.24%
Natural Gas NYMEX 2.70 +0.11%