Total Share Discussion Threads

[waldron] 24/6/2019 17:08

Brent Crude Oil NYMEX 64.19 -1.55%
Gasoline NYMEX 1.80 -0.75%
Natural Gas NYMEX 2.26 +4.33%
(WTI) 56.91 USD -1.56%

FTSE 100
7,416.69 +0.12%
Dow Jones
26,773.24 +0.20%
CAC 40
5,521.71 -0.12%
SBF 120
4,344.59 -0.14%
EuroStoxx 50
3,452.45 -0.19%
DAX Index
12,274.57 -0.53%
Ftse Mib
21,294.31 -0.44%

Eni
14.522 -0.58%



Total
49 -0.23%


Engie
13.435 -0.48%

Orange
13.915 -0.07%


Bp
550.3 -1.06%

Vodafone
126.24 -0.52%

Royal Dutch Shell
2,586.5 +0.10%


Royal Dutch Shell
2,598.5 +0.13%

[waldron] 24/6/2019 16:02

Three industrial associations are being formed to manufacture batteries for electric cars in Germany starting as early as 2022, German Economics Minister Peter Altmaier told the Stuttgarter Zeitung in an interview.

--Car makers Opel and Peugeot have created one consortium with French energy major Total's Saft subsidiary and two more on the verge of forming, Mr. Altmaier said, noting that the European Commission must approve EUR1 billion in subsidies for the consortia to launch, the paper reports.



Full story in German: bit.ly/2X370mi



Write to Barcelona editors at [e-mail]



(END) Dow Jones Newswires

June 24, 2019 08:17 ET (12:17 GMT)

[waldron] 21/6/2019 17:00

Brent Crude Oil NYMEX 65.12 +1.04%
Gasoline NYMEX 1.81 +2.48%
Natural Gas NYMEX 2.17 +0.28%
(WTI) 57.49 USD +0.03%

FTSE 100
7,407.5 -0.23%
Dow Jones
26,832.71 +0.30%
CAC 40
5,528.33 -0.13%
SBF 120
4,350.73 -0.26%
EuroStoxx 50
3,459.11 -0.36%
DAX Index
12,339.92 -0.13%
Ftse Mib
21,336.02 -0.12%



Eni
14.606 +1.73%


Total
49.115 +0.87%

Engie
13.5 +0.41%

Orange
13.925 -0.36%


Bp
556.2 +1.26%

Vodafone
126.9 -1.12%

Royal Dutch Shell
2,584 +0.45%

Royal Dutch Shell
2,595 +0.37%

[waldron] 20/6/2019 17:17

Brent Crude Oil NYMEX 64.32 +4.04%
Gasoline NYMEX 1.76 +3.14%
Natural Gas NYMEX 2.17 -4.11%
(WTI) 57.06 USD +4.47%

FTSE 100
7,424.44 +0.28%
Dow Jones
26,693.15 +0.71%
CAC 40
5,535.57 +0.31%
SBF 120
4,362.16 +0.21%
EuroStoxx 50
3,468.08 +0.38%
DAX Index
12,355.39 +0.38%
Ftse Mib
21,383 +0.76%



Eni
14.358 +0.96%

Total
48.69 +0.78%

Engie
13.445 -0.41%

Orange
13.975 -0.18%


Bp
549.3 +1.42%

Vodafone
128.34 +0.90%

Royal Dutch Shell
2,572.5 +1.04%

Royal Dutch Shell
2,585.5 +1.15%

[waldron] 19/6/2019 17:04

Brent Crude Oil NYMEX 61.97 -0.27%
Gasoline NYMEX 1.71 +0.37%
Natural Gas NYMEX 2.31 -0.17%
(WTI) 53.57 USD -1.18%

FTSE 100
7,403.54 -0.53%
Dow Jones
26,515.67 +0.19%
CAC 40
5,518.45 +0.16%
SBF 120
4,352.83 +0.17%
EuroStoxx 50
3,455.07 -0.08%
DAX Index
12,308.53 -0.19%
Ftse Mib
21,208.99 +0.36%


Eni
14.222 +0.47%

Total
48.315 +0.26%

Engie
13.5 +0.52%

Orange
14 -0.78%


Bp
541.6 -0.79%

Vodafone
127.2 -1.53%

Royal Dutch Shell
2,546 +0.04%


Royal Dutch Shell
2,556 +0.12%

[waldron] 18/6/2019 17:08

Brent Crude Oil NYMEX 62.39 +2.38%
Gasoline NYMEX 1.71 +2.16%
Natural Gas NYMEX 2.33 -1.94%
(WTI) 53.94 USD +4.03%

FTSE 100
7,443.04 +1.17%
Dow Jones
26,451.41 +1.30%
CAC 40
5,509.73 +2.20%
SBF 120
4,345.38 +2.17%
EuroStoxx 50
3,457.95 +2.05%
DAX Index
12,331.75 +2.03%
Ftse Mib
21,144.02 +2.51%


Eni
14.156 +2.06%

Total
48.19 +2.21%

Engie
13.43 +4.72%

Orange
14.11 +2.36%


Bp
545.9 +1.85%

Vodafone
129.18 +1.35%

Royal Dutch Shell
2,545 +1.11%


Royal Dutch Shell
2,553 +1.21%

[waldron] 17/6/2019 17:27

Bp
536 -0.54%

Vodafone
127.46 -0.44%

Royal Dutch Shell
2,517 +0.08%

Glaxosmithkline
1,588.4 +0.25%

Rio Tinto
4,773 +0.06%

Royal Dutch Shell
2,522.5 +0.24%

[the grumpy old men] 17/6/2019 09:58

Saft to equip MA700 turboprop regional aircraft
Share

Saft signed a new contract with Aviation Industry Corporation of China, Ltd (AVIC) for the supply of two Saft Ultra Low Maintenance (ULM)® batteries per MA700 aircraft.



Paris, June 17th, 2019 – Saft will provide two ULM batteries per aircraft for AVIC MA700 advanced turboprop regional aircraft. The new contract makes the company a key supplier of onboard batteries for one of the largest and fastest-growing aviation industries in the world.

Founded in 1951, AVIC is ranked among the foremost aviation corporations in the world – and among its subsidiaries is AVIC XAC Commercial Aircraft Co., Ltd (AVIC XAC), which manufactures the MA700: an 80-seat level turboprop plane designed for short and medium-route travel.

Designed for high performance at elevated temperature and altitude, the plane is considered one of the most important commercial aircraft projects in the world and is expected to embark on its maiden flight in 2020. Saft’s products will form an integral part of this project, building on its existing work as a provider of batteries for AVIC MA60 and MA600 programs as well as COMAC’s ARJ21 and C919 jetliners, and cement its status as a leading supplier to the Asian aerospace market.

The ULM batteries provide safe and reliable power to start the Auxiliary Power Unit (APU) as well as emergency backup for critical systems. The ULM battery technology was selected as it offers the ideal combination of high performance, low weight and ultra-low maintenance requirements that enable significant reductions in the total cost of ownership (TCO) for the battery. Saft’s proven record of delivering ULM batteries to meet manufacturing and design schedules was thought to be a decisive factor in AVIC’s decision to award the contract ahead of the MA700’s maiden flight.

Saft’s reliable and low maintenance ULM battery will help to support AVIC’s ambition to develop the MA700 as the world’s most advanced medium and short-range turboprop regional aircraft. The contract with AVIC builds on our track record of success as a supplier to China’s growing aviation sector
Chuck Schofield Saft’s Aviation General Manager

Saft’s ULM batteries are designed, manufactured and assembled in Bordeaux (France) factory.

Saft has been active in the aviation market for more than 80 years and has designed and manufactured high-tech battery systems for two-thirds of all civil and military aircraft. Saft has developed battery technology to meet the increased electrical demands of More Electric Aircraft (MEA) platforms and is a dedicated partner in the support and service of its fleet of on-board batteries.


For more information on Saft's aviaton, watch our video.

Ab Saft

Saft specializes in advanced technology battery solutions for industry, from the design and development to the production, customization and service provision. For 100 years, Saft’s longer-lasting batteries and systems have provided critical safety applications, back-up power and propulsion for our customers. Our innovative, safe and reliable technology delivers high performance on land, at sea, in the air and in space. Saft is powering industry and smarter cities, while providing critical back-up functionality in remote and harsh environments from the Arctic Circle to the Sahara Desert. Saft is a wholly-owned subsidiary of Total, a leading international oil and gas company and a major player in low-carbon energies.



We energize the world. www.saftbatteries.com

[sarkasm] 16/6/2019 22:05

Total: Positive Developments Showcasing The Growth Story
Jun. 16, 2019 2:40 PM ET|
4 comments
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About: TOTAL S.A. (TOT), Includes: BP, CEO, PBR, RDS.A, RDS.B
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Summary

Total is on track to deliver approximately 9% production growth this year.

Over the past week, the company has started production at the enormous Culzean field in the North Sea.

The FID for the Mero 2 project in Brazil was just announced, so this will also contribute to the company's forward growth starting next decade.

These things should result in forward revenue growth for Total, barring a sharp downturn in oil prices.

The company's stock might be slightly overvalued at present levels, but it does sport a much more attractive valuation than most of its peers do.

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The past week has seen quite a few positive developments for French oil and gas supermajor Total S.A. (TOT). As might be expected, these developments broadly support the growth thesis that I have discussed in some of my past articles on the company. In particular, we see that the company is well-positioned to continue to grow its production going forward. All else being equal, this should have a positive effect on the company's financial performance. Let us have a look at a few of these developments and how they are likely to benefit the company over the coming years.
Culzean Field In The North Sea

The first positive development that we will be discussing here came about on Tuesday, June 11, 2019. On this date, the company stated that it has begun producing from the massive Culzean natural gas field in the U.K. portion of the North Sea. I first discussed the potential of this massive field in a previous article on the company.

As just mentioned, the Culzean natural gas field is located in the U.K. portion of the North Sea, approximately 230 km from Aberdeen. It is just one of the fields that the company has in the region:

Source: Total S.A.

The Culzean field was first discovered in 2008 by Maersk Oil, whose stake was transferred to Total following an acquisition last year. The current owners are Total, with a 49.99% interest, BP (BP), with a 32% interest, and JX Nippon, with an 18.01% stake. The field is currently considered to be one of the largest natural gas fields in the North Sea, containing an estimated 250 to 300 million barrels of oil equivalent in place. This also provides the field with a very high level of maximum production. The field is expected to produce about 100,000 barrels of oil equivalent per day at its peak, which would be approximately 5% of the total natural gas output of the United Kingdom.

Unlike some of the other projects that we have seen in the North Sea recently, Culzean was brought to first production ahead of schedule. In addition, the project was completed at about $500 million under budget. The fact that the project was under budget is something that is always nice to see as it frees up money that the company can use for other purposes.

The development project was actually a fairly intensive one as it involved the drilling of six wells and the construction of three bridge-linked platforms along with a floating storage and offloading unit. This project was originally expected to cost about $5 billion.

Now that the project is operational, roughly half of the gas produced by the Culzean field will accrete to Total's production totals. This will result in steady growth for the company as it gets ramped up over the coming months. Assuming that we do not see a sharp decline in energy prices, this should also have a positive impact on the company's revenues.
Mero Field In Brazil

The second major development that we saw this week also came on Tuesday, June 11, 2019. This development was Brazilian energy giant Petrobras (PBR) announcing its final investment decision to proceed with the development of the Mero project located in the resource-rich Libra block in the pre-salt. Total is a partner in this project with a 20% stake in it so it will receive some of the benefits of its development.

The Mero project is located approximately 180 km from Rio de Janeiro in the pre-salt Libra block. This is a block that some long-time readers may recognize as it is a very resource-rich block that I have discussed multiple times in my past writings. The block is jointly controlled by Petrobras, with a 40% stake, Total, with a 20% stake, Royal Dutch Shell (RDS.A) (NYSE:RDS.B), with a 20% stake, CNOOC (CEO), with a 10%, and CNPC, with a 10% stake. All of these companies will ultimately benefit from this development.

The first phase of the Mero project started operation back in November 2017. This second phase is meant to increase the production output of the field. It will accomplish this both by ordinary production additions and via a second FPSO unit that will be capable of processing approximately 180,000 barrels of liquids per day. This is significantly more than the 50,000 barrels per day that the other FPSO at the site is capable of handling. However, the second unit will not, by itself, maximize the production of the field. At peak production, the Mero field is expected to be producing approximately 600,000 barrels of oil per day. As of yet, no estimated date has been provided for when the field is expected to be producing at this level, but it will certainly be at least a few years out. The Mero 2 FPSO alone is not expected to start operating until 2022 and there will clearly be a great deal of work to do after that to reach this 600,000 barrel per day level.

In the first quarter of 2019, Total had an average hydrocarbons production of 2.946 million barrels of oil equivalents per day. The company's 20% stake of this 600,000 barrels of oil equivalents per day is 120,000 boe/day, which would be a 4% increase over first-quarter levels. Admittedly, this seems rather modest, but when we combine it with the other projects that Total is bringing online over the next few years, we see that Total has some strong forward growth potential.
Total's Growth Prospects

As I discussed in an earlier article (linked above), Total has strong growth prospects this year. The company has several projects scheduled to come online this year, including Kaombo Sul in Angola, Iara 1 in Brazil, and the enormous Johan Sverdrup field in Norway. Of course, we also have the Culzean field in the United Kingdom that was already discussed. Altogether, these projects should be able to grow the company's production by about 9% in 2019 alone. This would come on the back of the 9% production growth that the company delivered in 2018. Barring a steep decline in energy prices, this 2019 production growth should have a beneficial impact on Total's revenues and cash flows.
Valuation

All this growth is well and good, but as is always the case, we do not want to pay too much for it. This is because overpaying for any asset is a surefire way to ensure sub-optimal returns from that asset. In the case of a large energy company like Total, one valuation metric that we can use to value it is the price-to-earnings growth ratio. This is a way of adjusting the more familiar price-to-earnings ratio to take a company's forward earnings growth into account. As a general rule, a price-to-earnings growth ratio over 1.0 could be an indication that a stock is undervalued relative to its forward growth prospects and vice versa.

According to Zacks Investment Research, Total is expected to grow its earnings per share at a 9.34% rate over the next three to five years. At the current stock price, this gives Total a price-to-earnings growth ratio of 1.05. Thus, this would appear to indicate that the stock is slightly overvalued at its present level and potential investors may want to wait for a dip in the price before buying in. With that said though, this is a better valuation than most of Total's peers have so it might still be worth dipping a toe in.
Conclusion

In conclusion, we saw several positive developments for Total's growth story play out this week. The company managed to grow its production by 9% last year and is on track to deliver that same performance this year, which should have a positive impact on the company's earnings. With that said though, Total might still be slightly overvalued at the present level, but it does certainly have a more attractive valuation than its peers do so it might still be worth taking a chance on. Those investors that prefer to be cautious, though, may want to buy on any dips.

At Energy Profits in Dividends, we seek to generate a 7%+ income yield by investing in a portfolio of energy stocks while minimizing our risk of principal loss. By subscribing, you will get access to our best ideas earlier than they are released to the general public (and many of them are not released at all) as well as far more in-depth research than we make available to everybody. We are currently offering a two-week free trial for the service, so check us out!

[grupo] 16/6/2019 08:42

Lebanon says Russia, Europe eye investment in oil and gas
As progress made in talks with Israel, companies look at Lebanese energy sector as it prepares to start offshore drilling by end of 2019; US says American firms can join
By Layal Abou Rahal and TOI staff 15 June 2019, 10:12 pm 0

5 shares

Lebanese Energy Minister Nada Boustani displays a map of offshore oil and gas blocks in the Mediterranean, on June 12, 2019 during an interview to AFP in Beirut. (Anwar Amro/AFP)
Lebanese Energy Minister Nada Boustani displays a map of offshore oil and gas blocks in the Mediterranean, on June 12, 2019 during an interview to AFP in Beirut. (Anwar Amro/AFP)

BEIRUT, Lebanon (AFP) — Russian and European firms are mulling investments in Lebanon’s nascent oil and gas sector as it prepares to launch offshore drilling by the end of 2019, Lebanese Energy Minister Nada Boustani said.

“Several big companies have visited Lebanon,” she said in an interview.

“We are talking about Gazprom [Russia], Lukoil [Russia], and soon, the [Britain] BP firm is expected to visit,” the 39-year-old minister said in her office in Beirut.

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“There is also interest from Total [France], ENI [Italy] and Novatek [Russia].”

US firms have not yet participated in offshore bidding rounds.

[la forge] 15/6/2019 17:46

France’s Total started renewing its contract in Libya, economy minister confirms
June 15, 2019 - 11:17
Written by: SafaAlharathy

The Minister of Economy, Ali Al-Issawi confirmed that France's Total and other foreign oil companies have already commenced procedures to renew their licenses for working in Libya.

"The government may have to suspend the work of some companies because of Haftar's aggression on Tripoli," Issawi said in a press statement.

The ministry has suspended the work of Total and thirty-nine other foreign companies, due to the expiry of their work permits on the Libyan territory.


THE LIBYA OBSERVER

[waldron] 14/6/2019 17:15

Brent Crude Oil NYMEX 62.19 +1.44%
Gasoline NYMEX 1.72 +1.26%
Natural Gas NYMEX 2.38 +2.54%
(WTI) 52.7 USD +1.23%


FTSE 100
7,345.78 -0.31%
Dow Jones
26,075.41 -0.12%
CAC 40
5,367.62 -0.15%
SBF 120
4,237.09 -0.23%
EuroStoxx 50
3,379.19 -0.33%
DAX Index
12,096.4 -0.60%
Ftse Mib
20,620.43 -0.05%



Eni
13.944 +0.29%

Total
47.25 +0.57%

Engie
12.955 +1.13%

Orange
13.82 -0.50%


Bp
538.9 -0.02%

Vodafone
128.02 -0.79%

Royal Dutch Shell
2,515 +0.20%

Royal Dutch Shell
2,516.5 -0.08%

[waldron] 13/6/2019 17:14

Brent Crude Oil NYMEX 61.51 +2.57%
Gasoline NYMEX 1.69 +1.71%
Natural Gas NYMEX 2.34 -1.60%
(WTI) 52.58 USD +2.68%


FTSE 100
7,368.57 +0.01%
Dow Jones
26,059.08 +0.21%
CAC 40
5,375.63 +0.01%
SBF 120
4,247.01 +0.03%
EuroStoxx 50
3,390.5 +0.08%
DAX Index
12,169.05 +0.44%
Ftse Mib
20,617.66 +0.75%


Eni
13.904 +0.61%


Total
46.98 +0.06%

Engie
12.81 -1.50%

Orange
13.89 +0.22%


Bp
539 -0.33%

Vodafone
129.04 -0.23%

Royal Dutch Shell
2,510 -0.22%


Royal Dutch Shell
2,518.5 -0.30%

[waldron] 13/6/2019 09:56

Total at sample analysis phase of exploration at recent gas find
31 minutes ago Khulekani Magubane, Fin24

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49m

Fossil Free

The trust that politicians will solve climate change is waning, and a growing group of concerned citizens is looking for other ways to tackle it. They're now focusing on the financial world, which they believe has crucial influence.
Adewale Fayemi, General Manager Total Exploration

Adewale Fayemi, General Manager Total Exploration and Production South Africa (Total (Supplied))
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The offshore gas find in the Brulpadda prospect is already at its seismic acquisition and fluid sampling phase, according to Total general manager for exploration and production in South Africa, Adewale Fayemi.

This means data is being captured and processed through field configurations and layout patterns to understand the yield of the prospects on the offshore site better. It also means that Total is getting samples of reservoir fluids to get a representation of the original reservoir fluids at the site.

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Fayemi told Fin24 via email that Total and its partners had already carried out a 3D seismic acquisition campaign on the 11b/12b block in the first quarter of 2019, and that a further 2D/3D campaign was planned for the next acquisition window later in the year and early in 2020.
4m 31s

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A better understanding

"A lot of data, as well as core and fluid samples, have been obtained, which are currently being analysed and interpreted. The findings will provide a better understanding of the Brulpadda prospect," said Fayemi.

Fayemi said the seismic acquisition would enable a better definition of the other prospects within the block as well as the next drilling targets. He said Total and its partners planned to drill up to four exploration and/or appraisal wells on this license, subject to approval of the authorities.

"All activities will be towards preparing for the next drilling campaign, i.e. rig selection, procurement of materials for the next drilling campaign, secure rig service contracts," Fayemi said.

READ: The compelling story of investing offshore

Fayemi added that Total was receiving cooperation and collaboration from all relevant government agencies and departments. He said the petroleum giant planned to continue with these engagements as it followed the process.

"Total, as operator of the Block, is in support of the ocean economy strategy as outlined in Operation Phakisa. Total is in close contact with the different government agencies and Departments and is working together to obtain a seamless and win-win solution for both Total and its partners and government," he said.

He said the current timeline aimed to obtain 2D/3D surveying between 2019 and 2020 - subject to approval by partners and government. If approval were obtained, the team would drill up to four exploration and appraisal wells between 2020 and 2022.

"The results of the future wells to be drilled would determine and define the extent of a future development plan," he said.

Responding to concerns of safety and the environmental impact of the find, Fayemi said safety remained a core value of the company and no operation is undertaken if it cannot be done safely or responsibly.

[waldron] 12/6/2019 18:09

Brent Crude Oil NYMEX 61.04 -2.01%
Gasoline NYMEX 1.68 -2.44%
Natural Gas NYMEX 2.37 -0.92%
(WTI) 51.86 USD -1.63%


FTSE 100
7,367.62 -0.42%
Dow Jones
26,019.05 -0.11%
CAC 40
5,374.92 -0.62%
SBF 120
4,245.63 -0.60%
EuroStoxx 50
3,386.63 -0.50%
DAX Index
12,115.68 -0.33%
Ftse Mib
20,477.75 -0.64%


Eni
13.82 -1.61%


Total
46.95 -2.73%

Engie
13.005 -0.50%

Orange
13.86 +0.07%


Bp
540.8 -2.91%

Vodafone
129.34 -0.65%

Royal Dutch Shell
2,515.5 -1.06%

Royal Dutch Shell
2,526 -0.86%