Total Share Discussion Threads

[waldron] 28/8/2018 17:22

Total
54.8 -1.12%

Engie
12.975 -0.38%

Orange
14.29 -0.59%


FTSE 100
7,617.22 +0.52%
Dow Jones
26,046.31 -0.01%
CAC 40
5,484.99 +0.11%


Brent Crude Oil NYMEX 76.53 -0.08%
Gasoline NYMEX 1.98 -0.43%
Natural Gas NYMEX 2.84 -0.94%



BP
559.7 -0.71%



Shell A
2,563.5 +0.00%


Shell B
2,618 +0.15%

[la forge] 28/8/2018 07:07

Total ready to do dam. Total will be a candidate for the renewal of French hydroelectric concessions, mainly operated by Electricité de France and Engie, said its CEO Patrick Pouyanné to the magazine 'Capital' in September.

[adrian j boris] 27/8/2018 14:39

Total SA (FP.FR) said Monday that it agreed to sell its 26% stake in the Hazira liquefied natural gas regasification terminal in India to Royal Dutch Shell PLC (RDSA.LN), without disclosing a sum for the transaction.

The French oil major also said it signed an agreement to sell half a million tons of liquefied natural gas to Shell over five years to supply India and neighboring countries. Deliveries are expected to begin in 2019, Total said.



Write to Alberto Delclaux at [e-mail]



(END) Dow Jones Newswires

August 27, 2018 06:06 ET (10:06 GMT)

[sarkasm] 27/8/2018 11:15

PARIS (Agefi-Dow Jones) - Energy giant Total announced on Monday that it will sell Shell its stake in a liquefied natural gas regasification terminal in western India, and that it will signed an agreement to supply LNG to the oil and gas company in the region.

"Total has signed a binding letter of intent with Shell to sell its 26% minority stake" in the Hazira terminal in India, Total said in a statement. This transaction, the amount of which has not been specified, remains subject to approval by the competent authorities.

The LNG supply contract to Shell is 0.5 million tonnes a year for a five-year period and is destined for the Indian market and neighboring countries, Total said. This gas will come from Total's global portfolio for a start of delivery in 2019, said Total without providing financial details.

-Alice Doré, Agefi-Dow Jones; [phone]; [e-mail] ed: LBO

Agefi-Dow Jones The financial newswire

[waldron] 24/8/2018 18:05

Total
54.87 +1.29%


Engie
13.06 -0.42%

Orange
14.315 -0.07%


FTSE 100
7,577.49 +0.19%
Dow Jones
25,813.52 +0.61%
CAC 40
5,432.5 +0.24%


Brent Crude Oil NYMEX 76.01 +1.69%
Gasoline NYMEX 1.98 +1.16%
Natural Gas NYMEX 2.92 -1.58%




BP
563.7 +1.11%


Shell A
2,563.5 +1.00%


Shell B
2,614 +1.02%

[waldron] 23/8/2018 16:59

Total
54.17 +0.82%

Engie
13.115 +0.38%

Orange
14.325 -0.24%


FTSE 100
7,563.22 -0.15%
Dow Jones
25,621.87 -0.43%
CAC 40
5,419.33 -0.02%


Brent Crude Oil NYMEX 74.61 -0.29%
Gasoline NYMEX 1.95 -0.60%
Natural Gas NYMEX 2.96 +0.10%



BP
557.5 +0.52%


Shell A
2,538 +0.53%


Shell B
2,587.5 +0.78%

[waldron] 23/8/2018 16:57

The global shipping industry could become a new market for liquefied natural gas, thanks to a drastic change in maritime law that aims to curb air pollution.

Major cruise liners and the world's biggest freight companies have ordered 125 new LNG-powered vessels and another 119 are already in operation, according to current figures from maritime consultancy DNV GL. That is partly because new regulations taking effect in 2020 will reduce the maximum amount of sulfur permitted in the oil used by ships from 3.5% to 0.5%.

LNG is gas that is supercooled until it turns into liquid. While LNG use as a shipping fuel is still too small to affect its prices, the projected uptake is supporting the outlook of companies like Royal Dutch Shell PLC that LNG demand will continue to grow.

The shipping industry currently consumes about 5 million barrels a day of oil, and most of the industry is expected to meet the new obligations by either switching to more expensive low-sulfur fuels or installing "scrubbers" that clean sulfur out of exhaust fumes.

But the rule changes will make LNG a cost-competitive option for shipping fuel. Analysts say that just converting 5% of the global fleet to run on LNG would create a new market equivalent to the fifth-largest in the world, behind major consumers Japan, China, Korea and India.

Carnival Corp.'s AIDAnova is currently under construction at a shipyard in Papenburg, Germany. When the 1,106-foot vessel launches later this year, it will be the first cruise ship fully powered by LNG. Carnival, the world's largest cruise company, plans to take delivery of 11 new LNG-powered ships between now and 2025.

Cruise passengers will be able to enjoy the difference of journeying under LNG power, Steve Hill, a vice president at Shell, said in an interview earlier this year.

"If your customer proposition is to have people lying on the deck and enjoying the sun, it's much nicer to not have pollution from fuel oil being spread all over them all day," he said.

Carnival isn't alone: Swiss-based MSC Cruises said in June it ordered what will be its fifth LNG-powered vessel. Royal Caribbean also said this year that it has two LNG-powered cruise liners on order.

In freight, Siem Industries is building LNG-fueled car carriers for Volkswagen AG. France's CMA CGM SA has ordered nine new ultra-large LNG-powered container ships and has struck a 10-year LNG supply deal with French oil and gas producer Total. Teekay Corp., one of the biggest shipowners, and Sovcomflot, Russia's largest shipping company, also have LNG vessels in order.

LNG does faces challenges in the maritime industry. Credit Suisse oil and gas analyst Saul Kavonic said many shipping companies would meet the emissions rules by fitting their vessels with scrubbers. Carnival, for example, will use scrubbers on 69 of its 103 ships.

"Only a very small percentage of the international shipping fleet will adopt LNG as a fuel over the next five years," Mr. Kavonic said.

The lack of "bunkering" -- the infrastructure for storing and refueling LNG -- is likely the biggest hurdle. LNG requires dedicated facilities to store the fuel at the temperatures needed to maintain its liquid form and load it onto vessels.

LNG fuel tanks also take up almost twice as much space as their oil equivalents, which would impact the design of new vessels. Ships powered by LNG are also more expensive than traditional vessels. Introducing LNG to a fleet requires retraining of engineers and crews.

Shipping companies are also used to working in the highly liquid oil market, where supply is easy to source and deep futures and hedging markets help manage their exposure. In contrast, until recently LNG has been dominated by decadeslong contracts and its futures market is still nascent.

But short-term, more flexible LNG sales are becoming more common. Producers are increasingly willing to trade single LNG cargoes. The percentage of LNG cargoes sold on the spot market has grown from just over 10% in 2010 to almost 25% in 2017, according to Shell.

Tom Strang, who has been leading Carnival's LNG strategy, said the nature of the LNG market requires longer-term contracting and planning.

Still, LNG producers are eyeing the industry as a promising new source of demand. Shell's Mr. Hill said the energy giant is betting LNG will grow at a faster pace than oil. Shell is working with Carnival to source LNG and developing bunkering facilities for its cruise ships.

"Historically LNG has struggled to compete with heavy fuel oil which is cheap," said Mr. Hill. "But in this new world, where the costs of the alternatives are a lot more expensive, LNG will be a lot more competitive. We're starting to see a lot of interest and a lot of activity."

Write to Paul Garvey at [e-mail]



(END) Dow Jones Newswires

August 23, 2018 08:14 ET (12:14 GMT)

[waldron] 22/8/2018 18:08

Total
53.73 +0.98%


Engie
13.065 -0.72%

Orange
14.36 +0.81%

FTSE 100
7,574.24 +0.11%
Dow Jones
25,793.52 -0.11%
CAC 40
5,420.61 +0.22%


Brent Crude Oil NYMEX 74.60 +2.47%
Gasoline NYMEX 1.96 +2.20%
Natural Gas NYMEX 2.97 -0.70%



BP
554.6 +0.54%


Shell A
2,524.5 +0.92%


Shell B
2,567.5 +0.88%

[sarkasm] 22/8/2018 08:39

Total Petrochemicals & Refining USA reported reduced unit rates and gas emissions Monday and Tuesday at its refinery in Port Arthur, Texas.

"A loss of condensate level in V104 Reflux Drum resulted in increased acid gas being sent to Unit 819," the refinery said in a statement to the Texas Commission on Environmental Quality. "Several unit rates were reduced to assist in reducing acid gas production."

It said the emissions began Monday evening and lasted until Tuesday afternoon.

The 225,000-barrel-a-day refinery lies 95 miles east of Houston.



Write to Dan Molinski at [e-mail]



(END) Dow Jones Newswires

August 21, 2018 19:24 ET (23:24 GMT)

[sarkasm] 21/8/2018 21:40

LONDON (Agefi-Dow Jones) - Energy giant Total has "not been informed of CNPC's official position" over its stake in the South Pars gas field in Iran, a spokesman said Tuesday French group. Total seeks to dispose of its 50.1% stake in Phase 11 of South Pars, whose contract includes a transfer clause with its partner China National Petroleum Corp. The state-controlled Chinese company currently holds 30 percent of this $ 5 billion project (about 4.37 billion euros). The Total share gained 0.7% to 53.26 euros.


-Benoît Faucon, The Wall Street Journal (French version Alice Doré) ed: TVA


Agefi-Dow Jones The financial newswire


(END) Dow Jones Newswires


August 21, 2018 09:38 ET (13:38 GMT)

[waldron] 21/8/2018 17:06

Total
53.21 +0.59%


Engie
13.16 +0.23%

Orange
14.245 +0.39%


FTSE 100
7,565.7 -0.34%
Dow Jones
25,840.49 +0.32%
CAC 40
5,408.6 +0.54%


Brent Crude Oil NYMEX 72.60 +0.53%
Gasoline NYMEX 1.91 +0.38%
Natural Gas NYMEX 2.97 +0.54%




BP
551.6 -0.05%


Shell A
2,501.5 +0.46%


Shell B
2,545 +0.63%

[la forge] 21/8/2018 07:15

Nigeria: Total invests $10bn in 5 years On August 21, 20183:50 amIn Energy1 Comment By Udeme Akpan TOTAL has invested $10 billion in order to boost investment in Nigeria’s oil and gas industry. PUBLICITÉ Mr. Ahmadu-Kida Musa, Deputy Managing Director, Deepwater District, Total E&P Nigeria Ltd said at the just concluded conference of the National Association of Energy Correspondents, NAEC, in Lagos that, “TOTAL upstream branch plays a significant economic and social role in Nigeria, operating nearly 15% of the country’s production. Nigeria, as one of our core areas of activities, is also crucial to the TOTAL GROUP, accounting for 12% of its equity production. In the last five years, TOTAL has invested approximately $10 billion in the country. “Despite the challenging operating environment, TOTAL is committed to investing in the country. We, therefore, believe that when Nigeria prospers, TOTAL also prospers.” Nigerian flag Nigerian flag Mr. Musa who stressed the importance of the nation’s Petroleum Industry Bill, PIB, said that dialogue could be used to tackle outstanding issues. He said, “As you already know, the Petroleum Industry Governance Bill (PIGB) was passed by the National Assembly last month and is currently awaiting assent by President Muhammadu Buhari. The PIGB is the first in a series of four proposed bills that constitute the legal framework for the Petroleum sector reform of the Federal Government. “The three other bills that are currently undergoing various legislative processes at the National Assembly include, the Petroleum Industry Administration Bill (PIAB), Petroleum Industry Fiscal Bill (PIFB) and Petroleum Host Community Bill (PHCB). “As it is usually the case with new legislation, especially one as fundamental as this, there are bound to be some initial concerns. But we believe that these concerns can be easily addressed through dialogue and legislative public hearings. Our thoughts and concerns on the PIGB and the rest of the proposed bills have been articulated by our umbrella organisation, the Oil Producers Trade Section (OPTS) of the Lagos State Chamber of Commerce and Industry.” He stated, “The Management of TOTAL in Nigeria and the Energy Industry as a whole appreciates your role in keeping our country’s Energy sector transparent and accountable. We appreciate your association’s commitment and the energy you bring to reporting and analysing the issues that are critical to the success of the energy sector. “It is a well-known fact that that the relationship between the media and the corporate world is sometimes characterised by a mutual lack of trust. We know also that this shouldn’t be the case as we strongly believe that we are all partners and joint stakeholders in our quest for a better Nigeria. “We also believe that it is important to step back from time to time, sit down at conferences like this, and have these conversations that foster understanding and appreciation of the wide range of issues that the sector is contending with. “As a major oil and gas company in Nigeria, TOTAL is proud to be one of the sponsors of this important event. The TOTAL GROUP has been present in Africa for more than 90 years and has been involved in exploration activities in Nigeria for 56 years. “We have a broad and diversified portfolio in Nigeria, with activities spanning onshore, conventional offshore, deep water and LNG. Indeed, TOTAL is the only integrated International Oil Company with presence throughout the entire value chain of the industry in Nigeria – Downstream, Upstream and Midstream sectors. TOTAL has developed a strong partnership with the Nigerian National Petroleum Corporation (NNPC) and other partners.”

Read more at:

[waldron] 20/8/2018 17:11

Total
52.9 +0.95%

Engie
13.13 +0.42%

Orange
14.19 +0.32%


FTSE 100
7,591.26 +0.43%
Dow Jones
25,773.73 +0.41%
CAC 40
5,379.65 +0.65%


Brent Crude Oil NYMEX 72.24 +0.65%
Gasoline NYMEX 1.91 +1.30%
Natural Gas NYMEX 2.95 +0.14%


BP
551.9 +0.60%


Shell A
2,490 +0.71%

Shell B
2,529 +0.70%

[grupo] 18/8/2018 22:52

Overlooked Gas Project Could Be Biggest Winner In Trade War
By Tim Daiss - Aug 18, 2018, 4:00 PM CDT Gas storage

After several months of what can only be only called bad PR and troubling news coming out of the ExxonMobil-led $19 bn Papua New Guinea (PNG) LNG project, finally some good news has broken. Project partner Oil Search, which holds a 29 percent stake, said the project had agreed to a deal to supply LNG to a unit of British oil giant BP.

The agreement will start this month and provide BP with about 450,000 tonnes of LNG per annum over an initial three-year period, then rising to about 900,000 tonnes for the following two years, Oil Search said in a statement without giving any financial details of the deal.

"(The move) takes the total contracted volumes from the project to approximately 7.5 million tonnes per annum (mtpa)," Oil Search Managing Director Peter Botten said. The agreement comes a month after Oil Search announced a similar deal with PetroChina, the publically listed arm of state-run oil major Sinopec, for 6.6 mtpa. ExxonMobil is also reportedly in negotiations with several other parties over an additional 450,000 tonnes per year of LNG supply.

These developments come after several tense months for PNG LNG project partners. On February 26, 7.5 magnitude earth quake triggered landslides and flattened buildings in the country, and left at least 100 dead, forcing the government to declare a state of emergency.

However, the fallout from the quake caused anger among many locals that either directly attributed the natural disaster to gas drilling in the mountain region of the country, or at the very least claimed it was a contributing factor. Project partners, along with geologists, disputed the claims, but to no avail. Most locals still blame the PNG project for the devastating earthquake.

That anger then spilled over into local communities complaining that the PNG project consortium had taken advantage of both federal and provincial government leaders as well as land owners when it first reached deals to build the project around ten years ago.

After minor repairs to the facility and passing safety checks, the PNG project resumed operations by mid-April but by then it had a public relations fiasco on its hands. In lock step, the PNG government joined in the fray, claiming it they had given away too much in the initial round of negotiations that allowed the project to be built, and vowed that for any future negotiations for additional projects the country will not away concessions so easily.

Then on July 5, Exxon reported that it had stopped construction on its Angore gas pipeline in the country’s strife-hit highlands after building sites were vandalized. Two weeks later, the U.S.-based oil major said that it, along with PNG security forces, were investigation the vandalism. The 11-km (7-mile) Angore pipeline is being built to connect the Angore gas field to the Hides gas conditioning plant.
Related: WTI Set For Longest Weekly Losing Streak Since 2015

However, according to reports coming out of the country highlands region rioters and landowners have not yet received payments due from the government out of royalties paid by the project which shipped its first LNG four years ago.
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All of this unrest would have been hard to imagine just a year ago when the PNG project was the envy of the LNG industry. Unlike most of Australia's massive CAPEX LNG projects that have fallen behind schedule and suffered exorbitant cost and budget blowouts, the PNG project was the envy of the industry. Not only had it been completed ahead of schedule but also delivered its first LNG ahead of schedule in 2014.

Moreover, if Exxon and its project partners can address what appears to be legitimate government and local land owner concerns, the project should be able to capitalize on the ongoing trade dispute between the U.S. and China. Chinese end LNG users told global commodities data provider S&P Global Platts last week that, if implemented, the pending Chinese tariffs would push the cost of U.S. LNG above what companies could afford for spot cargoes in the near term.

"[A] 25% [tariff] is not something we can absorb even if domestic demand is strong," said a source at a state-owned Chinese company. "So while this uncertainty persists, I doubt buyers will be buying a lot of spot US LNG."
Related: The One Oil Industry That Isn’t Under Threat

If Beijing pushes through with the 25 percent retaliatory tariff against U.S. sourced LNG, the PNG project can offload uncommitted cargoes on the spot market in Asia to replace U.S. LNG. To date, China has been a consistent customer of U.S.-based Cheniere Energy’s cargoes sold on the spot market in Asia.

PNG can capitalize on Cheniere's loss, even if PNG’s volume of uncommitted production is narrowing.

In 2017, the PNG project shipped a total of 110 LNG cargoes with 23 ending on the spot market. The total figures since the start of exports in mid-2014 have reached 370 cargoes.

Moreover, major PNG project partners, Exxon, Oil Search and French oil major Total, have been discussing expanding the project. If an expansion is agreed upon and approved by the PNG government, it will be underpinned by the more than 10 tcf of discovered undeveloped gas resource in the Elk-Antelope and P’nyang fields and potentially gas from the foundation project fields - stiff competition for both U.S.-based and Australian LNG projects.

By Tim Daiss for Oilprice.com

[waldron] 17/8/2018 17:05

Total
52.4 +0.08%


Engie
13.075 -0.49%

Orange
14.145 -0.49%


FTSE 100
7,558.59 +0.03%
Dow Jones
25,616.67 +0.23%
CAC 40
5,344.93 -0.08%


Brent Crude Oil NYMEX 71.79 +0.57%
Gasoline NYMEX 1.89 +0.07%
Natural Gas NYMEX 2.95 +1.41%


BP
548.6 +0.00%



Shell A
2,472.5 -0.14%


Shell B
2,511.5 -0.08%