Total Share Discussion Threads

[sarkasm] 17/8/2018 12:29

PARIS (Agefi-Dow Jones) - Danish shipowner AP Moller-Maersk announced Friday, on the sidelines of the publication of its half-year results, its intention to distribute to its shareholders a significant portion of the balance of its stake in Total, obtained in return for the sale of its Maersk Oil division to the French group. Maersk also continues its gradual disengagement from energy, through the upcoming split of its oil drilling division Maersk Drilling.


In March, the Danish group received 97.5 million Total shares representing 3.7% of the capital of the tricolor oil tanker. Maersk reported that it sold a portion of these securities in July for $ 1.2 billion, which is the equivalent of the gain realized from the date of the conclusion of their agreement. To date, the group holds a balance of 78.3 million Total shares, or about 2.9% of the capital, said Maersk.


-Guillaume Bayre, Agefi-Dow Jones; [phone]; [e-mail] ed: LBO


Agefi-Dow Jones The financial newswire


(END) Dow Jones Newswires


August 17, 2018 03:32 ET (07:32 GMT)

[waldron] 16/8/2018 17:14

Total
52.36 +0.56%


Engie
13.14 +0.88%

Orange
14.215 +0.57%

FTSE 100
7,556.38 +0.78%
Dow Jones
25,530.82 +1.46%
CAC 40
5,349.02 +0.83%

Brent Crude Oil NYMEX 71.20 +0.61%
Gasoline NYMEX 1.88 -0.35%
Natural Gas NYMEX 2.91 -0.85%



BP
548.6 +0.66%


Shell A
2,476 +1.04%


Shell B
2,513.5 +1.05%

[waldron] 15/8/2018 19:57

Total
52.07 -2.76%

Engie
13.025 -1.18%

Orange
14.135 -0.70%


FTSE 100
7,497.87 -1.49%
Dow Jones
25,035.93 -1.04%
CAC 40
5,305.22 -1.82%

Brent Crude Oil NYMEX 70.80 -1.80%
Gasoline NYMEX 1.89 -1.58%
Natural Gas NYMEX 2.94 -0.47%



BP
545 -1.85%


Shell A
2,450.5 -1.92%



Shell B
2,487.5 -1.87%

[waldron] 14/8/2018 17:03

Total
53.55 -1.00%


Engie
13.18 +0.15%

Orange
14.235 -0.04%

FTSE 100
7,611.64 -0.40%
Dow Jones
25,296.68 +0.43%
CAC 40
5,403.41 -0.16%


Brent Crude Oil NYMEX 72.74 -0.19%
Gasoline NYMEX 1.93 +0.62%
Natural Gas NYMEX 2.97 +1.50%



BP
555.3 -0.54%


Shell A
2,498.5 -0.99%

G

Shell B
2,535 -1.07%

[waldron] 13/8/2018 17:37

Total
54.09 +0.26%


Engie
13.16 +0.61%

Orange
14.24 +0.07%


FTSE 100
7,642.45 -0.32%
Dow Jones
25,202.55 -0.44%
CAC 40
5,412.32 -0.04%


Brent Crude Oil NYMEX 71.31 -2.27%
Gasoline NYMEX 1.98 -2.67%
Natural Gas NYMEX 2.93 -0.14%


BP
558.3 +0.41%


Shell A
2,523.5 -0.30%



Shell B
2,562.5 -0.31%

[la forge] 13/8/2018 16:14

LONDON--Workers at three North Sea oil platforms operated by French energy giant Total SA's (FP.FR) U.K. division began a 12-hour strike Monday afternoon after negotiations broke down last week.

The strike is taking place at Total's Alwyn, Dunbar and Elgin oil rigs, according to Unite, the union representing the oil workers. Unite, which is advocating for changes to workers' rotation schedules and wages, said further strikes would take place over the next two months "if there is no progress on talks" with Total.

Total acknowledged the strike in a statement Monday. It said it was "continuing to engage with its offshore workforce about changing working patterns to three weeks on/three weeks off."

On Friday, workers at Total's Shetland gas plant, also represented by Unite, accepted an improved pay offer, staving off further strike action, both the company and the union confirmed.



Write to Christopher Alessi at [e-mail]



(END) Dow Jones Newswires

August 13, 2018 09:41 ET (13:41 GMT)

[sarkasm] 13/8/2018 11:30

KUALA LUMPUR, Malaysia--Petroliam Nasional Bhd., Malaysia's national oil company more commonly known as Petronas, said it bought a 30% equity stake in Senegal's Rufisque Offshore Profond block from France's Total SA, marking its first entry into the West African country.

Total will hold a 60% stake in the exploration block, maintaining operatorship, and Senegal's national oil company, known as Petrosen, will own the remaining 10%, according to a statement Petronas released Monday.

The company didn't reveal any financial details about the deal.

The Rufisque Offshore Profond block, covering an area of 10,357 square kilometres off the coast of Senegal, is located near recent significant oil-and-gas discoveries in blocks such as St. Louis Profond, Cayar Profond, Rufisque and Sangomar Deep Offshore, Petronas said.

Exploration drilling activities in the Rufisque Offshore Profond block will begin next year, Petronas said.

Write to Yantoultra Ngui at [e-mail]



(END) Dow Jones Newswires

August 13, 2018 05:20 ET (09:20 GMT)

[sarkasm] 13/8/2018 11:30

KUALA LUMPUR, Malaysia--Petroliam Nasional Bhd., Malaysia's national oil company more commonly known as Petronas, said it bought a 30% equity stake in Senegal's Rufisque Offshore Profond block from France's Total SA, marking its first entry into the West African country.

Total will hold a 60% stake in the exploration block, maintaining operatorship, and Senegal's national oil company, known as Petrosen, will own the remaining 10%, according to a statement Petronas released Monday.

The company didn't reveal any financial details about the deal.

The Rufisque Offshore Profond block, covering an area of 10,357 square kilometres off the coast of Senegal, is located near recent significant oil-and-gas discoveries in blocks such as St. Louis Profond, Cayar Profond, Rufisque and Sangomar Deep Offshore, Petronas said.

Exploration drilling activities in the Rufisque Offshore Profond block will begin next year, Petronas said.

Write to Yantoultra Ngui at [e-mail]



(END) Dow Jones Newswires

August 13, 2018 05:20 ET (09:20 GMT)

[waldron] 10/8/2018 17:15

Total
53.95 -2.37%


Engie
13.08 -2.28%

Orange
14.23 -1.69%

FTSE 100
7,667.01 -0.97%
Dow Jones
25,337.88 -0.67%
CAC 40
5,414.68 -1.59%

Brent Crude Oil NYMEX 72.86 +1.19%
Gasoline NYMEX 2.04 +1.82%
Natural Gas NYMEX 2.93 -0.51%


BP
556 -1.49%


Shell A
2,531 -1.25%



Shell B
2,570.5 -1.29%

THIS IS NO TURKISH DELIGHT

[waldron] 09/8/2018 17:19

Total S.A. Total: Yamal LNG Begins Gas Exports from Second LNG Train
09/08/2018 2:20pm
UK Regulatory (RNS & others)

Total SA (LSE:TTA)
Intraday Stock Chart

Today : Thursday 9 August 2018
Click Here for more Total SA Charts.


TIDMTTA



Total (Paris:FP) (LSE:TTA) (NYSE:TOT) announces that the first shipment of Liquefied Natural Gas (LNG) from the second train of the Yamal LNG project in Northern Russia is ready to leave Sabetta. This train adds an additional 5.5 million tons per year of LNG capacity to the facility, bringing the total capacity in operation to 11 million tons per year. At full capacity, the three-train facility will supply 16.5 million tons of LNG per year to Asian and European markets. The third train is expected to start up in early 2019.



"Following the successful start-up of Yamal LNG in December last year, the first shipment from the second train ahead of schedule is another major milestone for this world-class LNG project," commented Patrick Pouyanné, Chairman and CEO of Total. "The Yamal LNG production adds competitive LNG resources to our growing portfolio. We will keep developing new LNG projects in the Russian Arctic with our strategic partner Novatek, as illustrated by the recent announcement of our entry in Arctic LNG 2 with 10% direct working interest."



Last May, Novatek and Total also agreed that Total will have the opportunity to acquire a 10 to 15% direct interest in Novatek's future LNG projects in Yamal and Gydan.



About Yamal LNG



The project is operated by the Yamal LNG Company, owned by Russian independent gas producer Novatek (50.1%), Total (20%), CNPC (20%) and Silk Road Fund (9.9%).



One of the biggest LNG projects in the world, Yamal LNG is developing the 4.6 billion barrels of oil equivalent of reserves (boe) from the giant onshore South Tambey gas and condensate field, located on the Yamal Peninsula.



The project includes an integrated gas treatment and liquefaction facility with three trains of 5.5 million tons per year capacity each, storage tanks, and port and airport infrastructure.



Yamal LNG's production is sold under long-term contracts in Asian and European markets, predominantly under oil-indexed price formulas. LNG will be supplied to the markets all year round through an innovative shipping approach involving a fleet of purpose-designed ice-class LNG carriers that will travel the Northern Sea Route to Asia through the Bering Strait in the summer.



About Arctic LNG 2



In May 2018, Total signed an agreement with Novatek outlining the terms upon which Total will acquire a direct working interest of 10% in Arctic LNG 2, a new giant liquefied natural gas project led by Novatek.



Taking account of Total's approximate 19% stake in Novatek and Novatek's intention to retain 60% of the project, the Group's overall economic interest in this new LNG project will be approximately 21.5%.



Located on the Gydan Peninsula, facing the Yamal Peninsula, Arctic LNG 2 will offer opportunities to develop synergies between the two projects. With a production capacity of approximately 19.8 million tons per year (Mt/year), Arctic LNG 2 will unlock more than 7 billion boe of hydrocarbon resources.



Total in Russia



Total has been present in Russia since 1991. The Group's equity production averaged 318,000 barrels of oil equivalent per day (boe/d) in 2017. This production comes from the Group's 18.9% interest in Novatek, from the Group direct interest in Yamal LNG (20%) and from the Kharyaga (Total, 20%) and Termokarstovoye fields (Total, 49%).

[waldron] 09/8/2018 17:05

Total
55.26 -0.43%


Engie
13.385 +0.41%

Orange
14.475 -0.07%

FTSE 100
7,741.77 -0.45%
Dow Jones
25,562.83 -0.08%
CAC 40
5,502.25 +0.01%


Brent Crude Oil NYMEX 72.24 +0.04%
Gasoline NYMEX 2.01 -0.51%
Natural Gas NYMEX 2.94 -0.31%


BP
564.4 -2.13%



Shell A
2,563 -1.69%



Shell B
2,604 -1.85%

[la forge] 09/8/2018 07:55

09/08/2018 | 7:48TOTAL - GOLDMAN SACHS WITHDRAWS THE TITLE from its "CONVICTION LIST" OF RECOMMENDED EUROPEAN VALUES

[la forge] 09/8/2018 07:55

09/08/2018 | 7:48TOTAL - GOLDMAN SACHS WITHDRAWS THE TITLE from its "CONVICTION LIST" OF RECOMMENDED EUROPEAN VALUES

[waldron] 08/8/2018 17:08

Total
55.5 -0.82%


Engie
13.33 -1.19%

Orange
14.485 -1.36%


FTSE 100
7,776.65 +0.75%
Dow Jones
25,599.91 -0.11%
CAC 40
5,501.9 -0.35%

Brent Crude Oil NYMEX 72.25 -3.03%
Gasoline NYMEX 2.03 -3.00%
Natural Gas NYMEX 2.94 +1.73%



BP
576.7 +0.07%



Shell A
2,607 +0.54%



Shell B
2,653 +0.89%

oil majors holding up well considering

[waldron] 08/8/2018 14:32

CHUCKLE

IF TRUE OF BP, WHAT CAN WE EXPECT FROM OTHER OIL MAJORS

ONE CAN DREAM OF FOOLISH THINGS FORE THEY MIGHT COME TRUE




Is the BP share price set to rise to 1,000p?

Peter Stephens | Wednesday, 8th August, 2018 | More on: BP PAGE
Image source: Getty Images.

Having gained 23% in the last year, BP (LSE: BP) has clearly become a more popular share among investors. The stock has experienced a sudden rise which follows a period of intense challenges, with a lower oil price and the 2010 oil spill having weighed on its performance for a number of years.

Looking ahead, the stock could deliver impressive total returns. It still seems to be relatively cheap and may be worth buying alongside a FTSE 250 stock which reported positive news on Wednesday.

1,000p per share?

With BP trading at 580p per share at the present time, 1,000p…

[waldron] 07/8/2018 17:40

Total
55.96 +1.84%

Engie
13.49 +0.63%

Orange
14.685 +0.69%



FTSE 100
7,718.48 +0.71%
Dow Jones
25,668.48 +0.65%
CAC 40
5,521.31 +0.81%



Brent Crude Oil NYMEX 74.41 +1.02%
Gasoline NYMEX 2.09 +1.41%
Natural Gas NYMEX 2.89 +1.08%


BP
576.3 +1.68%



Shell A
2,593 +1.25%



Shell B
2,629.5 +1.04%

[waldron] 06/8/2018 17:18

Total
54.95 +0.31%


Engie
13.405 -0.33%

Orange
14.585 -0.21%

FTSE 100
7,663.78 +0.06%
Dow Jones
25,482.61 +0.08%
CAC 40
5,477.18 -0.03%


Brent Crude Oil NYMEX 74.08 +1.08%
Gasoline NYMEX 2.07 +0.26%
Natural Gas NYMEX 2.85 +0.11%



BP
566.8 +1.12%


Shell A
2,561 +0.65%


Shell B
2,602.5 +0.17%

[waldron] 03/8/2018 17:11

Total
54.78 -0.31%

Engie
13.45 +0.07%

Orange
14.615 +0.90%


FTSE 100
7,659.1 +1.10%
Dow Jones
25,405.01 +0.31%
CAC 40
5,478.98 +0.33%


Brent Crude Oil NYMEX 72.95 -0.60%
Gasoline NYMEX 2.07 +0.28%
Natural Gas NYMEX 2.86 +1.38%



BP
560.5 +0.77%

Shell A
2,544.5 +0.51%

Shell B
2,598 +0.52%

[maywillow] 03/8/2018 12:53

“We don’t set the price of oil; the market does.” – Total CEO
By Oil and Gas Republic on Aug 3, 2018@ogrepublic

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“We don’t set the price of oil; the market does.” - Total CEO
Patrick Pouyanné, Chairman of the Board and Chief Executive Officer at Total

Patrick Pouyanné, Chairman of the Board and Chief Executive Officer at Total, a global integrated energy producer and provider, a leading international oil and gas company, and a major player in low-carbon energies.

A graduate of École Polytechnique and an Engineer of the French Corps des Mines, Patrick Pouyanné held various positions in the French Industry Ministry and in ministerial offices from 1989 to 1996, including Environment and Industry Technical Advisor to the Prime minister from 1993 to 1995 and Chief of Staff to the Information Technology and Space minister from 1995 to 1996.

He joined Total in January 1997, where he held various positions until he was appointed Chief Executive Officer and President of the Executive Committee in 2014. On May 29, 2015, he was elected as Member of the Board of Directors of Total.

On December 16, 2015, Total’s board of directors appointed Patrick Pouyanné as Chairman of the Board and Chief Executive Officer of Total.

Patrick Pouyanné posted his views on oil prices in his latest LinkedIn article.

Excerpts:

The energy sector has little idea of how the price of oil will behave. In just a few years, economic theories went from predicting that oil would never again fall under the $100 mark to forecasting that prices would stay flat at $60 for the long term. In the three years from 2014 to 2016, the price of oil plunged from $100 to an unsustainable — for producing countries — low of $40. Neither Russia nor the Gulf states were able to balance their budgets. Prices then yo-yoed between $45 and $65 a barrel throughout 2017 before recently hitting $80. Brent has rebounded strongly due to a combination of factors:

Strong demand growth driven by low prices and a more buoyant global economic growth. Demand has risen by more than 5 million barrels per day over the last three years, double the increase over the three years before that.
Production disruptions in two major producing countries, Libya and Venezuela, which experienced a sharp drop in 2017.
A coordinated production policy between the Organization of the Petroleum Exporting Countries (OPEC) — in particular Saudi Arabia — and non-members, especially Russia. At its meeting in Vienna in late June, the so-called OPEC+ group approved a production increase that would partly offset shortfalls when countries cannot meet their quotas. So far, prices have not dropped significantly, chiefly due to other events affecting supply.
Geopolitical tensions in the Middle East, aggravated by the recent U.S. withdrawal from the Iran nuclear deal.

As a result of all this, global stocks are declining — but are still high in terms of days of consumption compared to pre-slump levels. In the medium term, the greater uncertainty stems from the pace and scale of the increase in shale oil production in the United States, currently driven by higher oil prices. Yet it, too, faces constraints related to oil and gas transportation infrastructure.

However, the additional supply will be negated in part by the acute drop in investment by the industry in recent years, which will impact supply in the medium term, pushing prices up again.

All these factors seem to indicate that prices could remain relatively high. But recent history counsels caution. As I keep repeating, we don’t set the price of oil; the market does.

For the time being, the market is close to balanced, with both supply and demand forecast to average almost 99 million barrels per day in 2018. Though in the short term at least, I believe that prices will continue to be volatile — a fact of life for any major global commodity.

In this environment, Total aims to be profitable regardless of where the price of oil stands. So the question is, how can we protect ourselves against price fluctuations, something over which we have no control? For some answers, read his earlier post on this subject on LinkedIn.
Click on the Next Button to Continue Reading
Obineme Ndubuisi Micheal, Technical | Creative and Senior News Writer, covering the entire value chain of the Energy Industry. Our publication covers the entire value chain of Renewable/Energy, Power, Mining, To get in touch, email: [e-mail]

[maywillow] 03/8/2018 10:56

03/08/2018 | 11:13
UBS has changed its focus on the Total share, which it now advises to buy and no longer to 'neutral'. The 12-month price target rises from 56 to 62.5 euros, representing a potential increase of around 14%.

According to analysts, the quality of the management of the French oil and gas supermajor should lead to a similar valuation of BP's shares. Indeed, Q2 accounts underlined the 'resilience' of Total's activity, while the publications of the other majors were rather mediocre. Total benefits from significantly higher production, and at the same time from savings measures that boost cash generation.

The recent acquisition of Engie LNG strengthens the group's asset base, as well as the sale of other less promising assets.

In view: the annual day dedicated to the strategy, September 25th.

[maywillow] 03/8/2018 10:02

ACQUIRER: Serica Energy PLC

SELLER: Total SA (FP.FR)

TARGET: Further interests in the Bruce and Keith fields in the North Sea.

PRICE: Serica will pay an initial cash consideration of $5 million followed by three further $5 million installments.

STRUCTURE: Serica UK will acquire a 42.25% interest in the Bruce field and a 25% interest in the Keith field and associated infrastructure.

STATUS: Incomplete

EXPECTED CLOSE: The deal should close in the third quarter, following the completion of a separate deal to buy stakes in the Bruce, Keith and Rhum fields from BP PLC (BP.LN).

RATIONALE: The acquisition will strengthen Serica's position as a leading mid-tier independent oil-and-gas producer on the U.K. continental shelf. It should be immediately cash flow and value accretive.

STOCK MOVE: Serica is trading 7.9 pence, or 11%, higher at 78.2 pence, after peaking at 83.98 pence earlier in the session.



Write to Nathan Allen at [e-mail]



(END) Dow Jones Newswires

August 03, 2018 03:43 ET (07:43 GMT)