Total Share Discussion Threads

[waldron] 03/4/2019 07:51

Total SA (FP.FR) said Wednesday that it has signed a long-term deal to supply liquefied natural gas to China's Guanghui Energy Co (600256.SH).

Under the sale and purchase agreement, Total will supply 0.7 million tonnes of gas annually to a subsidiary of the Xinjiang-based energy company for a period of 10 years.

Total will deliver the gas to Guanghui's regasification terminal in Qidong, Jiangsu Province, it said.



Write to Max Bernhard at [e-mail]; @mxbernhard



(END) Dow Jones Newswires

April 03, 2019 01:37 ET (05:37 GMT)

[waldron] 03/4/2019 07:49

Total SA (FP.FR) said Wednesday that it has signed several agreements to develop Tellurian Inc.'s (TELL) Driftwood liquefied natural gas project in Louisiana.

As part of the deal the French oil major said it will invest $500 million in Tellurian's subsidiary Driftwood Holdings, and it committed to buy 2.5 million tonnes a year of LNG from the project via two separate offtake agreements.

Total will also increase its direct stake in Tellurian, buying 20 million shares for around $200 million. Total has been a Tellurian shareholder since 2017, when it bought a 19% stake for $207 million.

Tellurian is set to make a final investment decision on the $30 billion project in the first half of 2019, with production set to begin in 2023, according to the project website.

Patrick Pouyanne, Total's chief executive, described Driftwood as a "highly cost-competitive project that benefits from the low gas production costs and prices in the U.S."



Write to Nathan Allen at [e-mail]



(END) Dow Jones Newswires

April 03, 2019 01:49 ET (05:49 GMT)

[florenceorbis] 02/4/2019 21:05

France’s Total Boosts Angola Oil Production With New Start-Up
By Tsvetana Paraskova - Apr 02, 2019, 3:00 PM CDT Kaombo sul

French supermajor Total said on Tuesday that it had started up production at the Kaombo Sul oil development, adding 115,000 bpd to bring Total’s overall production capacity to 230,000 bpd, equivalent to 15 percent of Angola’s output.

Kaombo Sul is the sister project of Kaombo Norte and the second Floating Production Storage and Offloading (FPSO) unit at the Kaombo project. Total started up production at Kaombo Norte in July last year.

“This second FPSO stands out as an excellent example of standardization to reduce costs and improve efficiency. Its start-up will contribute to the Group’s cash flow and production growth in 2019 and beyond,” said Arnaud Breuillac, President Exploration & Production at Total.

Last year, Total’s production in Angola averaged 211,000 barrels of oil equivalent per day (boepd).

Angola, for its part, has been struggling in recent years to offset a decline in production as many fields mature.

After the oil price crash of 2014, Angola’s economy had suffered from the low oil prices and the country had also been struggling to attract international investments in its deepwater higher-breakeven oil resources.

Last year, Angola introduced several new measures to try to boost its oil production and its attractiveness for international investment. President Joao Lourenco signed in the summer of 2018 a decree to create an agency that would sell and manage oil blocks instead of state oil firm Sonangol.

Earlier in 2018, Angola halved the tax rates on the development of oil discoveries with fewer than 300 million barrels of reserves. Angola cut the petroleum production tax on so-called marginal fields—those with below 300 million barrels of reserves—to 10 percent from the typical 20 percent tax. The tax reforms also halved the petroleum income tax on marginal fields to 25 percent from 50 percent.

According to OPEC’s latest available figures, Angola’s crude oil production averaged 1.457 million bpd in February 2019, up by 22,000 bpd compared to January, despite the fact that under the new OPEC+ deal, Angola’s cap is at 1.481 million bpd—higher than its February production.

By Tsvetana Paraskova for Oilprice.com

[waldron] 02/4/2019 16:54

FTSE 100
7,391.12 +1.01%
Dow Jones
26,170.79 -0.33%
CAC 40
5,423.47 +0.33%

Brent Crude Oil NYMEX 69.36 +0.51%
Gasoline NYMEX 1.92 +0.88%
Natural Gas NYMEX 2.69 -0.85%


(WTI) - 02/04 17:40:40
62.3 USD +0.86%


Eni
15.79 -0.25%



Total
49.98 -0.04%

Engie
13.35 +0.26%

Orange
14.605 +0.14%



BP
563.8 +0.82%


Shell A
2,433.5 +0.72%


Shell B
2,450 +0.72%

[waldron] 02/4/2019 08:18

Total SA (FP.FR) said Tuesday that production has begun at the second unit on its Kaombo oil project off the coast of Angola, eight months after its sister unit came online.

Kaombo Sul is the second floating production and storage vessel on the Kaombo project, located around 260 kilometers offshore from Angola's capital Luanda.

The vessel will produce around 115,000 barrels of oil a day, bringing total production from the project to 230,000 barrels a day, Total said.

Associated gas from the project will be sent to the Angola LNG plant in an effort to limit the amount that is burned off into the atmosphere.



Write to Nathan Allen at [e-mail]



(END) Dow Jones Newswires

April 02, 2019 02:34 ET (06:34 GMT)

[waldron] 01/4/2019 17:29

FTSE 100
7,317.38 +0.52%
Dow Jones
26,161.08 +0.90%
CAC 40
5,405.53 +1.03%

Brent Crude Oil NYMEX 68.59 +1.49%
Gasoline NYMEX 1.89 +0.35%
Natural Gas NYMEX 2.72 +2.10%

(WTI) - 01/04 18:16:35
61.06 USD +1.18%


Eni
15.83 +0.48%


Total
50 +0.97%

Engie
13.315 +0.26%

Orange
14.585 +0.59%

BP
559.2 +0.13%


Shell A
2,416 +0.10%


Shell B
2,432.5 +0.19%

[waldron] 29/3/2019 16:55

FTSE 100
7,279.19 +0.62%
Dow Jones
25,871.37 +0.60%
CAC 40
5,350.53 +1.02%

Brent Crude Oil NYMEX 67.45 +0.52%
Gasoline NYMEX 1.87 +0.54%
Natural Gas NYMEX 2.68 -1.07%

(WTI) - 29/03 17:44:43
59.96 USD +0.77%

Eni
15.754 +1.77%



Total
49.52 +0.46%

Engie
13.28 +0.30%

Orange
14.5 +0.97%



BP
558.5 +1.43%


Shell A
2,413.5 +0.96%


Shell B
2,428 +1.21%

[waldron] 29/3/2019 16:08

BP, Shell both claim number one investor-returns spot
By Kelly Gilblom on 3/29/2019

WASHINGTON (Bloomberg) -- "This ones on top, then that ones on top and on and on it spins crushing those on the ground," said Daenerys Targaryen from the hit television drama Game of Thrones. In the cutthroat game of global capitalism, there can be only one winner. Unless you’re an oil company.

Both BP Plc and Royal Dutch Shell Plc are claiming the top spot for investor returns within their peer group from 2016 to 2018. That’s an important metric -- taking first place was a significant element in the doubling of Shell CEO Ben van Beurden’s pay last year.

Confusingly, both companies are telling the truth.

The two oil majors rated their performance against France’s Total SA and U.S. rivals Exxon Mobil Corp. and Chevron Corp. from 2016 to 2018. Yet their annual reports used different methodologies to determine total shareholder return. While both look at how much shares increased in value, assuming dividends are re-invested, they use different time scales to measure that change.

BP takes the average share price for the last three months of each year and compares it. Shell does effectively the same thing, but the three-month period it uses straddles the end of the year and beginning of the following year.

Both companies say their methodologies have existed for years, suggesting they aren’t just implemented because they yield convenient results.

Fortunately, it’s not too crowded at the top. Exxon acknowledged it’s not leading on this measure over a 10-year period, while Total didn’t mention it. Chevron has yet to release its 2018 annual report.

[waldron] 28/3/2019 18:21

FTSE 100
7,234.33 +0.56%
Dow Jones
25,685.88 +0.24%
CAC 40
5,296.54 -0.09%


Brent Crude Oil NYMEX 67.09 -0.22%
Gasoline NYMEX 1.87 -0.35%
Natural Gas NYMEX 2.72 -0.11%


(WTI) - 28/03 19:11:20
59.23 USD -0.15%



Eni
15.48 -0.71%


Total
49.295 -0.13%

Engie
13.24 -0.41%

Orange
14.36 -0.28%


BP
550.6 +0.88%


Shell A
2,390.5 +0.67%


Shell B
2,399 +0.63%

[waldron] 27/3/2019 17:12

FTSE 100
7,194.19 -0.03%
Dow Jones
25,543.21 -0.45%
CAC 40
5,301.24 -0.12%

Brent Crude Oil NYMEX 67.18 -0.37%
Gasoline NYMEX 1.88 -1.59%
Natural Gas NYMEX 2.70 -1.85%


(WTI) - 27/03 17:59:16
59.36 USD -0.80%


Eni
15.59 -0.17%


Total
49.36 -0.45%


Engie
13.295 +0.49%

Orange
14.4 +0.00%



BP
545.8 -0.87%


Shell A
2,374.5 -0.73%


Shell B
2,384 -0.65%

[waldron] 26/3/2019 18:53

FTSE 100
7,196.29 +0.26%
Dow Jones
25,564.42 +0.19%
CAC 40
5,307.38 +0.89%


Brent Crude Oil NYMEX 67.91 +1.04%
Gasoline NYMEX 1.90 +0.65%
Natural Gas NYMEX 2.75 -0.87%


(WTI) - 26/03 20:04:12
59.94 USD +1.34%


Eni
15.616 -0.05%

Total
49.585 +0.68%

Engie
13.23 -0.53%

Orange
14.4 +0.52%


BP
550.6 +0.44%

Shell A
2,392 +0.38%


Shell B
2,399.5 +0.40%

[waldron] 25/3/2019 17:31

FTSE 100
7,177.58 -0.42%
Dow Jones
25,491.8 -0.04%
CAC 40
5,260.64 -0.18%

Brent Crude Oil NYMEX 67.40 +0.55%
Gasoline NYMEX 1.90 +0.31%
Natural Gas NYMEX 2.77 +0.22%


(WTI) - 25/03 19:17:51
58.98 USD +0.32%


Eni
15.624 -0.48%

Total
49.25 -0.36%

Engie
13.3 +0.42%

Orange
14.325 -0.59%


BP
548.2 -0.71%

Shell A
2,383 -0.36%


Shell B
2,390 -0.67%

[maywillow] 24/3/2019 08:26

How Big Oil Could Become Big Electricity
By Irina Slav - Mar 23, 2019, 11:59 PM CDT
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Electricity Sri Lanka

When Big Oil majors started buying EV charging networks and battery producers, they probably earned some praise for venturing into new business directions away from their increasingly unpopular core business. Now, they are taking this a step further: supermajors have super utility plans.

It was only a matter of time, really. Integrated oil companies know the importance of covering the whole supply chain in an industry, so it only made sense to grow into power generation once you’ve established a presence in one of the biggest growth segments in power demand: electric vehicles.

French Total led the way by buying local electricity retailer Direct Energie last year for more than US$1.7 billion. According to CEO Patrick Pouyanne, electricity will be the energy of the 21st century and Total is using every opportunity to expand there. In fact, since 2014 when Pouyanne assumed the top post at Total, the company has become a utility as well as an oil an gas company after a string of acquisitions across power generation (Eren), battery manufacturing (Saft), and power distribution (Direct Energie, Lampiris).

But Total is not the only one. Shell recently made headlines with plans to become not just a player in electricity generation, but also the biggest one by 2030. Bloomberg reported earlier this month that the Anglo-Dutch supermajor was pouring US$2 billion annually into its new energies division that aimed to expand its presence in cleaner power generation. This segment could yield returns of between 8 and 12 percent, the head of the new energies unit, Maarten Wetselaar, told Bloomberg.
Related: U.S., Canadian Rig Count Plunges As Oil Retreats

Like Total, Shell is growing through acquisitions in the power generation and distribution sector as well as in EV charging. This power plan fits in with the company’s strategy of reducing the portion of oil in its overall production to 25 percent from 50 percent and raising the portion of gas to 75 percent. What’s more, however, Shell specifically plans to materialize its power ambitions by betting on renewables rather than on conventional power generation and distribution.

Some believe power generation and distribution is already turning into the new battleground for Big Oil. Andrew Critchlow, S&P Global Platts’ head of news for EMEA, warned in a recently published analysis that this Big Oil rush into power utilities might potentially “create a new breed of gigantic energy-controlling monopolies.”

Such monopolies, if they ever materialize, which is questionable, are quite a way off. However, Big Oil’s shift into electricity smacks of what Big Tobacco did after the offense against smoking began. It regrouped and went into e-cigarettes. One could certainly draw a loose parallel between the two. Yet in this shift, Big Oil is better positioned. Electricity demand is set for fast growth, not jut because many believe the hype around EVs will stop being a hype and become a reality, but simply because the world’s population is growing--and this population needs energy.

Big Oil turning into Big Power and replacing the traditional utilities from the top spots is a very realistic prospect. As Critchlow noted in his analysis, Big Oil has not just the ambitions but the means to achieve them: no renewable power company can compete with any of the supermajors on revenues or profits.

By Irina Slav for Oilprice.com

[waldron] 22/3/2019 16:56

FTSE 100
7,207.59 -2.01%
Dow Jones
25,583.57 -1.46%
CAC 40
5,269.92 -2.03%

Brent Crude Oil NYMEX 66.34 -2.24%
Gasoline NYMEX 1.87 -1.08%
Natural Gas NYMEX 2.76 -2.30%

(WTI) - 22/03 18:06:50
58.58 USD -2.25%


Eni
15.7 -0.82%


Total
49.43 -2.08%


Engie
13.245 -1.52%

Orange
14.41 -0.93%


BP
552.1 -2.08%


Shell A
2,391.5 -2.67%


Shell B
2,406 -2.71%

[waldron] 21/3/2019 17:49

FTSE 100
7,355.31 +0.88%
Dow Jones
25,928.28 +0.71%
CAC 40
5,378.85 -0.07%


Brent Crude Oil NYMEX 68.12 -0.55%
Gasoline NYMEX 1.90 +0.19%
Natural Gas NYMEX 2.82 -0.07%


(WTI) - 21/03 18:37:33
60 USD -0.15%



Eni
15.83 +0.34%



Total
50.48 +0.24%


Engie
13.45 -0.19%

Orange
14.545 +1.32%



BP
563.8 +1.37%


Shell A
2,457 +1.38%


Shell B
2,473 +1.25%

[waldron] 20/3/2019 17:23

FTSE 100
7,291.01 -0.45%
Dow Jones
25,716.92 -0.66%
CAC 40
5,382.66 -0.80%

Brent Crude Oil NYMEX 68.07 +0.68%
Gasoline NYMEX 1.88 +0.51%
Natural Gas NYMEX 2.84 -1.36%

(WTI) - 20/03 18:09:35
59.87 USD +1.13%


Eni
15.776 -0.72%



Total
50.36 -2.29%

Engie
13.475 +0.26%

Orange
14.355 -0.03%



BP
556.2 -0.41%


Shell A
2,423.5 -0.06%


Shell B
2,442.5 +0.16%

[grupo] 20/3/2019 16:01

20/03/2019 | 3:30 p.m.
purchase
In progress
Entrance course: 50.53 € | Objective: 53 € | Stop: 48.9 € | Potential: 4.89%
The title Total has a positive technical configuration over the medium term. The timing seems appropriate to take the train upward.
We can position ourselves at the purchase to aim the 53 €.
TOTAL Chart
Duration:
Period:

Total: Technical Analysis Chart Total | Stock Exchange area
Full screen graphic
Strong points

The company has high margins and is very profitable.
The company enjoys attractive valuation levels with a relatively low EV / CA ratio compared to other listed companies around the world.
With a P / E of 10.75 for the current year and 9.59 for the 2020 financial year, the valuation levels of the security are very cheap in terms of multiple earnings.
The company is part of the yield values ​​with a relatively large expected dividend.
Over the past year, analysts have regularly revised upward their estimates of turnover of the company.
The analysts covering the file mainly recommend buying or overweighting the stock.
The gap between current prices and the average price target of the analysts covering the file is relatively large and assumes a significant appreciation potential.


Weak points

The group is among the companies whose growth prospects appear weakest according to estimates analysts.
Prospects for revenue growth for the coming years have been revised downward over the last four months.
Earnings expectations have been revised downward in recent months.

[waldron] 19/3/2019 17:25

FTSE 100
7,324 +0.34%
Dow Jones
26,001.74 +0.34%
CAC 40
5,425.9 +0.24%

Brent Crude Oil NYMEX 67.53 -0.01%
Gasoline NYMEX 1.87 +0.22%
Natural Gas NYMEX 2.87 +0.67%


(WTI) - 19/03 18:16:09
58.86 USD -0.30%







Total
51.54 -1.40%
EX DIVI DAY

Engie
13.44 -0.44%

Orange
14.36 +0.63%



Eni
15.89 +0.93%



BP
558.5 +0.81%


Shell A
2,425 +0.31%


Shell B
2,438.5 +0.35%