Total Share Discussion Threads

[la forge] 07/7/2018 13:32

France Could Propel a Decade of Growth for Total and SunPower
With its new #PlaceAuSoleil initiative, France is making a big push to rapidly expand its solar energy production.
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Travis Hoium
(TMFFlushDraw)
Jul 7, 2018 at 7:32AM

Total's (NYSE:TOT) main business today may be oil and gas, but it's making aggressive moves to become a leader in renewable energy as well. Late last week, CEO Patrick Pouyanne said Total was ready to build 10,000 megawatts (MW) of solar power plants in France, enough to power 1.64 million homes, over the next 10 years.

If it follows through on that plan, Total will become one of the biggest renewable energy developers among the energy industry's old guard. And it could help its affiliate SunPower Corp. (NASDAQ:SPWR) along the way.
SunPower utility scale solar plant in a grassy field.

Image source: SunPower.
France and Total bet big on solar energy

France has launched an initiative known as #PlaceAuSoleil, a series of 30 measures intended to make more areas available for solar, create a viable economic model for investors in solar projects, and provide for more rooftop solar tenders. The wide-ranging effort should support the solar industry broadly.

For example, late last year, France announced it was increasing the volume of solar tenders it would bid out annually from 1,450 MW to 2,450 MW through 2019. The combination of Total and SunPower has dominated those tenders so far, so an expansion of the market should be great news for them. The two companies won more than 500 MW of projects in 2017, about a third of the tenders auctioned off, so they'll likely be leading contenders for further projects.

The #PlaceAuSoleil initiatives are expected to accelerate solar deployment in France toward a target of 20,000 MW by 2023 -- up from 8,300 MW installed today.
Solar energy's impact on Total

Many big oil companies have been criticized for making relatively small bets on renewable energy, but Total is more aggressive on this front than most of its peers. To deploy 10,000 MW in 10 years will require about $10 billion of investment, or $1 billion per year -- more than 5% of the company's total capital expenditures.

TOT Capital Expenditures (TTM) Chart

TOT Capital Expenditures (TTM) data by YCharts

That's just Total's planned solar investment in France, so its full investment in renewable energy could be significantly higher. Investors should pay attention to signs the company's French strategy might be expanded into other markets it knows well, such as the Middle East or Africa.
A game-changer for SunPower?

The bigger impact could be on SunPower, which is majority owned by Total. The company expects to deploy 1,500 MW to 1,900 MW in 2018, so assuming its Total's development partner, it would benefit greatly from an average of 1,000 MW of additional annual demand for the next decade.

SunPower's high-efficiency solar panels have also been key to Total's distributed-generation project wins in France, which include residential and commercial rooftops, and small, ground-mounted systems. Because such panels squeeze more energy out of each square meter of solar deployed, they lower the cost of electricity from solar in high-cost locations.

The impact of Total's plans could be big financially as well. SunPower generates between $1 per watt from a power plant development to about $2 per watt in residential developments, with gross margin generally hovering in the mid-single digits in power plants and the low-20s for residential. Gross profit from France if 1,000 MW of solar are sold could be up to $400 million annually.
Solar is booming in France

Few countries are making as concerted an effort to expand their solar industries as France. With tenders there expanding this year, and the new #PlaceAuSoleil initiative driving even more investment in the industry, Total and SunPower have a lot of potential gains ahead.

Travis Hoium owns shares of SunPower. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

[waldron] 06/7/2018 17:59

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[adrian j boris] 06/7/2018 17:29

Total completes the acquisition of 73% of Direct Energie, targets the balance
Total (EU: FP)
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Today: Friday 6 July 2018
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PARIS - Total (FP.FR) announced Friday that it has finalized the acquisition of 73.04% of the capital of Direct Energie for approximately 1.4 billion euros.


The acquisition follows the lifting of all the conditions precedent for the agreements signed on April 17, 2018 with the main shareholders of Direct Energie, the group said in a statement.


Total has also tabled Friday a draft mandatory public offering on Direct Energie shares that it does not yet hold, at the same price per share of 42 euros.


Direct Energie's board of directors has recommended "unanimously" to the shareholders to bring their shares to the offer, which will be launched after its approval by the Autorité des marchés financiers.


"This operation allows us to accelerate our downstream integration into the gas and electricity chain and to reach critical size on the French and Belgian markets where we are experiencing strong growth," said Total's CEO Patrick Pouyanné, quoted in the report. communicated.


-Francois Schott, Agefi-Dow Jones; 01 41 27 47 92; [e-mail] ed: ECH


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July 06, 2018 11:49 ET (15:49 GMT)

[waldron] 05/7/2018 18:13

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[waldron] 04/7/2018 19:24

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as expected a quiet 4th july with no fireworks to write about

[la forge] 04/7/2018 10:04

Citeo, Total, Saint-Gobain and Syndifrais collaborate to create a polystyrene recycling channel in France

by Grace Nolan

4 July 2018

09:40
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Citeo, Total, Saint-Gobain and the French Union of Fresh Dairy Product Manufacturers (Syndifrais) are collaborating to help lay the groundwork for an industrial-scale polystyrene recycling channel in France and to validate its technical and cost feasibility within 18 months.

The project is part of the voluntary commitments for the French government’s Circular Economy Roadmap and in line with French and European Union objectives in plastic recycling.
Expand
shutterstock_111362132.jpg

It is estimated that 110,000 metric tons of polystyrene packaging is put on the market each year in France.

Via Citeo, France’s dairy product manufacturers have developed a collection system, to separate, sort and prepare several hundred tons of post-consumer polystyrene from France's extended household waste sorting program.

Syndifrais, alongside Citeo, will therefore contribute to the emergence of a recycling channel for polystyrene packaging and Syndifrais will also use the project's technical findings to improve the eco-design of packaging.

Total will use the sorted and prepared polystyrene in its plastic production units in Carling, France and Feluy, Belgium.

Saint-Gobain is involved in initiatives related to the circular economy and its subsidiary Placoplatre is aiming to promote the use of raw materials containing recycled content.

[waldron] 04/7/2018 07:00

Exxon, Total Win Tender to Explore for Oil and Gas Off Greece’s Crete
By
Tasos Kokkinidis -
Jul 4, 2018
1 0 Google +0 0 0 1

A consortium of U.S. Exxon Mobil , France’s Total and Hellenic Petroleum has been awarded a tender to explore for oil and gas off Greece, the energy ministry said on Tuesday.

The consortium will explore two sites off the western and northwestern shores of Crete. The areas cover 19,868 sq.km and 20,058 sq.km, respectively.

Greece launched the tender for the sites last year after expressions of interest by the consortium, in which Exxon and Total each have 40 percent. The group was the sole bidder.

The licences must be ratified by parliament before exploration work can begin.

Exxon and Total are currently exploring off Cyprus.

US Ambassador to Greece, Jeoffrey Pyatt hailed the decision by Greece, saying in a tweet that it is “big news” for Exxon Mobil.

[waldron] 03/7/2018 20:09

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[waldron] 03/7/2018 14:58

Brussels clears acquisition of Direct Energie by Total

Jean-Baptiste André, published on the 03/07/2018 at 15h35
Brussels clears acquisition of Direct Energie by Total
Photo credit © Direct Energie

(Boursier.com) - Brussels has given the go-ahead for the acquisition of Direct Energie by Total. The European Commission concluded that the proposed merger would not raise competition concerns due to horizontal overlaps and very limited vertical relationships between the two companies' operations in France and Belgium. The transaction was examined under the simplified merger control procedure.

The oil major announced in the spring the takeover of the producer and distributor of energy on the basis of a price of 42 euros per share, an overall acquisition price of about 1.4 billion euros

[waldron] 02/7/2018 17:13

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[adrian j boris] 30/6/2018 19:48

Total and Pavilion Energy to jointly develop LNG as a Marine Fuel in Singapore
By Oil and Gas Republic on Jun 30, 2018@ogrepublic

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Total and Pavilion Energy to jointly develop LNG as a Marine Fuel in Singapore
Paris / Singapore, – Total and Pavilion Energy, through their subsidiaries Total Marine Fuels Global Solutions and Pavilion Gas, have signed Heads of Agreement (HoA) to jointly develop a Liquefied Natural Gas (LNG) bunker supply chain in the port of Singapore. The agreement covers the shared long-term time charter of a new generation LNG bunker vessel (LNGBV) to be commissioned by Pavilion Gas by 2020. It also includes an LNG supply arrangement between the two companies enabling Total to deliver LNG bunker to its customers.
The HoA, signed on the sidelines of the World Gas Conference 2018, follows a Memorandum of Understanding (MoU) concluded by both companies in April 2017 on LNG bunkering cooperation in Singapore. The HoA is a significant step forward and contributes to the development of Singapore as an LNG bunkering hub.
The move toward LNG as a bunker fuel is a suitable solution following the decision of the International Maritime Organization (IMO) to set limits on sulphur content in marine fuels from 2020. LNG bunker not only produces zero sulphur oxides, but it also represents an available and competitive solution, which contributes to IMO’s long-term strategy on the reduction of greenhouse gas emissions from ships announced in April 2018.
Patrick Pouyanné, Chairman and CEO of Total, declared, “The development of infrastructure is one of the key drivers for the take-off of LNG as a marine fuel. For the past few months, Total has been very active in that direction. The agreement signed with Pavilion Energy marks a new step in our commitment to provide our customers with fuels that are more environmentally friendly, particularly in Singapore which is the leading bunkering hub in the world.”
Tan Sri Mohd Hassan Marican, Chairman of Pavilion Energy, said, “Pavilion Energy is pleased to work with Total on establishing a robust LNG bunker supply chain in Singapore. Our partnership sets the stage for making LNG bunker readily and reliably available for the market. Together, we mark a decisive step forward in leading the change towards cleaner and more responsible solutions with LNG bunkering in the region.”

Total Marine Fuels Global Solutions is pursuing its ambition to develop the LNG bunker market. The first milestones of its strategy were set in Europe, with the signature of LNG bunker supply contracts for Brittany Ferries and CMA CGM, as well as the long-term chartered bunker vessel with Mitsui O.S.K. Lines that will be positioned in Northern Europe.

Pavilion Gas is committed to the development of Singapore as an LNG hub. In October 2016, Pavilion Gas was appointed as one of two importers to supply LNG to Singapore by the Energy Market Authority of Singapore. In January 2016, Pavilion Gas was awarded the LNG Bunker Supplier Licence to supply LNG bunker to vessels in the Port of Singapore.

[waldron] 29/6/2018 18:11

Natural Gas World
EDF, Total Divest from Dunkirk LNG
Jun 29, 2018 5:00:pm

Summary

The two French firms have agreed to sell their combined 75% interest to two consortia, one European including Belgian Fluxys, the other South Korean.
by: Mark Smedley

[waldron] 29/6/2018 18:11

Natural Gas World
EDF, Total Divest from Dunkirk LNG
Jun 29, 2018 5:00:pm

Summary

The two French firms have agreed to sell their combined 75% interest to two consortia, one European including Belgian Fluxys, the other South Korean.
by: Mark Smedley

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
other article

Propertyworld


AXA IM lands at Dunkirk with major LNG acquisition

By Richard HookFri 29 June 2018
Dunkirk LNG

AXA IM - Real Assets has acquired a 35.76% stake in the Dunkirk LNG regasification terminal in north France on behalf of clients and in joint venture with Crédit Agricole Assurances and Fluxys.

[waldron] 29/6/2018 17:30

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[waldron] 29/6/2018 17:30

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[waldron] 28/6/2018 17:36

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[waldron] 27/6/2018 17:29

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[grupo] 27/6/2018 07:54

Europe will need LNG from US, pipe gas from Russia — Total CEO
Business & Economy
June 27, 7:40 UTC+3
Pouyanne said the extraction of natural gas has been on decline in Europe, including in the United Kingdom, Norway and The Netherlands
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Total CEO Patrick Pouyanne
Total CEO Patrick Pouyanne
© EPA/ETIENNE LAURENT

WASHINGTON, June 27. /TASS/. Europe will need both liquefied natural gas (LNG) from the United States and gas pipeline supplies from Russia due to the growing demand on the European market, Total CEO Patrick Pouyanne said.

"In fact, we need LNG from the US, and we need new regasification terminals, but we also need pipe gas from the other side because of the lack of [gas]," he said at a session of the World Gas Conference currently under way in Washington.

He said the extraction of natural gas has been on decline in Europe, including in the United Kingdom, Norway and The Netherlands. In the past 15 years, gas output dropped by one billion cubic meters annually compared to present-day figures, Pouyanne added.

After the US had become a net exporter of natural gas for the first time in 60 years due to the development of LNG sector, Washington started to threaten Russia with sanctions against its Nord Stream-2 Europe-bound gas pipeline project. European and Russian officials said on many occasions that the US policy of sanctions is intended to drive Russia out of the European energy market and fill the void with its LNG supplies.

Earlier, Russian President Vladimir Putin said that Russia would welcome European participation in the Nord Stream-2 project. He named France’s Total among potential partners.


More:

[waldron] 27/6/2018 07:41

Total, Pavilion Energy agreement advances LNG bunkering prospects in Singapore

Singapore (Platts)--27 Jun 2018 1202 am EDT/402 GMT

France's Total and Singapore's Pavilion Energy, through their subsidiaries Total Marine Fuels Global Solutions and Pavilion Gas, have signed an agreement to develop the LNG bunker supply chain further in the port of Singapore, the two companies said in a joint statement Tuesday.

The agreement between the companies covers the shared long-term time charter of a new generation LNG bunker vessel to be commissioned by Pavilion Gas by 2020. It also includes an LNG supply arrangement between the two companies enabling Total to deliver LNG bunker to its customers, the statement said.

The development comes after the companies concluded a memorandum of understanding in April 2017 to promote LNG bunkering in Singapore, the world's largest bunkering port, and signals the increased acceptance and commitment by customers and supplier toward LNG as a bunker fuel ahead of the International Maritime Organization's global sulfur limit rule for marine fuels.

The IMO will cap sulfur in marine fuels at 0.5% worldwide from January 1, 2020, from 3.5% currently. This applies outside designated emission control areas where the limit is already 0.1%.

LNG essentially eliminates both sulfur oxides and particulate matter emissions and reduces nitrogen oxides by up to 90%. It also helps tackle greenhouse gas emissions.

The progress is also important for Singapore, which has been at the helm of the initiative to promote LNG bunkering. The city state is also one of the world's most important LNG trading hubs.

A focus group, which was first formed in 2014 by the Maritime and Port Authority of Singapore, Antwerp Port Authority, Port of Rotterdam and Port of Zeebrugge, now consists of 11 ports and maritime administrations across Asia, Europe and North America.

In April 2017, Singapore also launched its first technical reference -- TR56 -- for LNG bunkering, which is aimed at providing a safe and efficient framework for conducting LNG bunkering operations in Singapore.

With LNG being readily available in Singapore, more vessels can choose LNG as a cleaner fuel of choice at the port of Singapore.

Ample LNG supply, thanks to burgeoning production from the US and Australia, means that fundamentals will not restrict its availability for bunkering. However, some sources have often cited lack of adequate LNG infrastructure and harmonization of standards and procedures as impediments to its widespread adoption globally, ahead of the IMO 2020 rule.

"The development of infrastructure is one of the key drivers for the take-off of LNG as a marine fuel. For the past few months, Total has been very active in that direction," Patrick Pouyanne, chairman and CEO of Total said in the statement.

This comes as Total Marine Fuels Global Solutions continues to develop the LNG bunker market.

The first milestones of its strategy were set in Europe, with the signature of LNG bunker supply contracts for Brittany Ferries and CMA CGM, as well as the long-term chartered bunker vessel with Mitsui O.S.K. Lines that will be positioned in northern Europe.

Pavilion Gas, for its part, has also been working toward the development of Singapore as an LNG hub.

In October 2016, Pavilion Gas was appointed as one of two importers to supply LNG to Singapore by the Energy Market Authority.

In January 2016, Pavilion Gas was awarded the LNG bunker supplier license to supply LNG bunker to vessels in the Port of Singapore.

In May 2017, the company carried out the first LNG bunkering truck-to-ship supply demonstration in Southeast Asia.

Last year, Pavilion Gas was also awarded a contract by PSA Marine for the supply of LNG bunker fuel from 2019.

Pavilion Energy looks forward to collaborate with partners to further develop the LNG bunker supply chain internationally, making it readily and reliably available for vessels worldwide, the company said separately.

-- Surabhi Sahu, [e-mail]

-- Abache Abreu, [e-mail]

-- Edited by Irene Tang, [e-mail]

[waldron] 26/6/2018 17:03

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[sarkasm] 26/6/2018 16:24

Total SA (FP.FR) said Tuesday that it signed a heads of agreement with Pavilion Energy to jointly develop a liquefied natural gas bunker supply chain in the port of Singapore.

The agreement covers the long-term charter of a LNG bunker vessel to be commissioned by Pavilion Gas by 2020, Total said.

"The agreement signed with Pavilion Energy marks a new step in our commitment to provide our customers with fuels that are more environmentally friendly," said Total Chief Executive Patrick Pouyanne.

The two companies had previously signed a memorandum of understanding on LNG bunkering cooperation in Singapore, in April 2017.



Write to Alberto Delclaux at [e-mail]



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June 26, 2018 10:45 ET (14:45 GMT)