Total Share Discussion Threads

[grupo guitarlumber] 22/6/2021 12:23

SEE NEW THREAD TTE

[misca2] 22/6/2021 10:55

June/24
2021
Ex-Dividend date for the 2020 Final Dividend

[waldron] 19/6/2021 20:38

2021-06-19 20:12
Shafaq News/ Iraq and Total expect to finalize a contract soon to implement energy megaprojects to ramp up gas production and end flaring, according to the Ministry of Oil.

"The administration of the Basra and the south oil companies and the relevant departments in the Ministry are putting the final touches to the proposed project scheduled to be signed in the upcoming period," a statement of the Ministry of Oil said.

The Minister of Oil, Ihsan Abdul-Jabbar, said, "these projects are a priority in the Ministry's plans for an optimal investment of flared gas and upholding the infrastructure."

The US is pressuring Iraq to produce more gas to reduce its dependence on Iran for gas and electricity imports. Iraq has received waivers to continue to import Iranian energy since the US imposed sanctions on Tehran in 2018, but these waivers are temporary.

Iraq’s problem is that most of the gas it produces is associated gas from produced oil, and that associated gas is currently being flared. Iraq is second only to Russia in gas flaring, having burned nearly 18 Bcm (632 Bcf) in 2019, according to a World Bank study published in July 2020.

Iraq plans to capture an additional 1.2 Bcf/D of flared gas by the end of 2023, the deputy oil minister said in October, as the country attempts to meet rising demand for gas to produce electricity and lower its carbon emissions, S&P Global reported.
This is where the partnership with Total, and perhaps other majors as well, comes into play.

[waldron] 17/6/2021 10:39

Summary

The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

In a short-term perspective, the company has interesting fundamentals.

Strengths

The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.

The company has attractive valuation levels with a low EV/sales ratio compared with its peers.

This company will be of major interest to investors in search of a high dividend stock.

Over the last twelve months, the sales forecast has been frequently revised upwards.

Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.

For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

For several months, analysts have been revising their EPS estimates roughly upwards.
Analysts covering this company mostly recommend stock overweighting or purchase.

The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.

Weaknesses

Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.

[waldron] 15/6/2021 06:51

European markets head for higher open ahead of Fed meeting

Published Tue, Jun 15 20211:07 AM EDT

Holly Ellyatt
@HollyEllyatt


Key Points

European stocks are expected to open in positive territory on Tuesday as investors await the start of the U.S. Federal Reserve’s latest monetary policy meeting.

London’s FTSE is seen opening 13 points higher at 7,168, Germany’s DAX 47 points higher at 15,740, France’s CAC 40 up 17 points at 6,631 and Italy’s FTSE MIB 34 points higher at 25,778, according to IG.

[gibbs1] 14/6/2021 12:02

KAMPALA, Uganda--French oil company TotalEnergies SE hopes to commence oil production at its Tilenga oil fields in Uganda in the next three and half years after awarding the main construction contract for the oil project, Total's Ugandan unit said Monday.

A consortium of a McDermott International Ltd. subsidiary and state-controlled China Petroleum & Chemical Corp., known as Sinopec, will undertake the $2 billion contract to develop the 190,000 barrels-a-day oil project, which includes construction of five drilling packages within the oil-rich Lake Albertine rift basin along Uganda's western border with the Democratic Republic of Congo.

It is another step forward for the long-delayed development of Uganda's oil fields, weeks after Total signed a $3.5 billion deal for the project's export pipeline.

"The Tilenga project development phase has a target to achieve first oil in 43 months," Pierre Jessua, general manager of Total's unit in Uganda, said. "The launch of these contracts underscores our commitment to developing the Tilenga project while maximizing value and viability of the project," he said.

Some $10 billion is required to develop the oil fields and a 900-mile pipeline, Total said.

Total holds a majority stake in the project, which is being jointly developed with CNOOC Ltd. Exploration companies have discovered as much as 6.5 billion barrels of crude in Uganda and oil production could peak at around 230,000 barrels-a-day when commercialization starts.



Write to Nicholas Bariyo at [e-mail]



(END) Dow Jones Newswires

June 14, 2021 05:34 ET (09:34 GMT)

[waldron] 13/6/2021 07:22

June/24
2021
Ex-Dividend date for the 2020 Final Dividend

payable 1st july Final 0.66 €/share

[florenceorbis] 10/6/2021 08:14

In his latest research note, analyst Biraj Borkhataria confirms his positive recommendation. The broker RBC is keeping its Buy rating. The target price continues to be set at EUR 50.

[the grumpy old men] 09/6/2021 09:29

MKM starts tracking the ADR as a buy, targeting USD 70.

APPROX 57 euros

[waldron] 09/6/2021 06:25

Shell, BP, Harbour Energy and TotalEnergies team up for UK electrification study


By Mark Lammey
09/06/2021, 6:00 am

the Energy Voice daily newsletter

Shell, BP, Harbour Energy and TotalEnergies are working together on platform electrification plans, it has emerged.

The firms, who are among the UK continental shelf’s biggest oil and gas producers, confirmed in a joint statement that they were engaged in the early stages of a “high-level study project”.

They stressed that the scope of the project, first reported by Upstream, is still under development and that no decisions had been made at this stage.

The quartet said: “Shell, BP, Harbour Energy and TotalEnergies are collaborating in the early stages of a high-level study project to explore the electrification of some of their assets.

“Cost effective electrification of existing CNS oil and gas offshore assets could significantly reduce CO2 emissions.

“The scope of the project is still under development, and no decisions have been made.”

Platform electrification was highlighted in the North Sea Transition Deal as a potential lever oil and gas companies could pull to reduce their offshore greenhouse gas emissions.

But there are concerns that the costs and complexities involved will scupper such projects.

BP, Shell, TotalEnergies and Harbour — formed recently by a merger between Chrysaor and Premier Oil — each said previously that they were mulling electrification plans, in the central North Sea and west of Shetland.

But this is the first time they have confirmed a collaborative effort between the four was under way.

Last week, a London-based firm called Cerulean Winds said it wanted to develop two floating wind farms in the UKCS which would power oil and gas platforms, which currently use gas or diesel generators.

[waldron] 08/6/2021 09:00

TotalEnergies SE--the French energy company known until recently as Total--said Tuesday that it will install 2,200 new electric-vehicle charging points in Amsterdam by fall 2022.

The company didn't disclose the financial details of the deal.

The concession deal is part of Amsterdam's plan to achieve emission-free transportation by 2030, the company said.



Write to Olivia Bugault at [e-mail]



(END) Dow Jones Newswires

June 08, 2021 03:21 ET (07:21 GMT)

[waldron] 07/6/2021 20:24

Airbus' : Rescue Helicopter Takes Maiden Flight Using Biofuel
06/07/2021 | 09:44am BST


(MT Newswires) -- Airbus (AIR.PA) said Monday that its H145 rescue helicopter completed its first flight in Munich, Germany, using sustainable aviation fuel produced by TotalEnergies (TTE.L, TTE.PA, TTE.BR).

The helicopter was refueled with a second-generation biofuel, produced from residual and waste materials from the circular economy, which lowers carbon dioxide emissions by up to 90% compared with its fossil equivalent.

The rescue helicopter was operated by the German non-profit organization ADAC Luftrettung.

Airbus shares were down marginally, while TotalEnergies fell 2% in London on Monday morning.

Price (GBP): £109.58, Change: £-0.34, Percent Change: -0.31%

[waldron] 05/6/2021 08:38

ihsmarkit.com/research-analysis/germany-pledges-10-billion-for-hydrogen-projects-by-shell-bp-t.html

Climate and Sustainability Research & Analysis
Germany pledges $10 billion for hydrogen projects backed by Shell, BP, Total, others
04 June 2021 Cristina Brooks

Majors BP and Shell, utilities like Vattenfall and RWE, and chemical refiners like BASF, Linde, and Dow all are likely to benefit from promised German state funding for 62 hydrogen projects.

Their projects are due a share of over €8 billion ($9.73 billion) in German state and federal funds announced jointly by Germany's Federal Ministry of Economics and Federal Ministry of Transport on 28 May.

An additional €20 billion ($24 billion) in backing for projects is set to come from private investors and other sources so that funding levels reach an expected €33 billion ($40 billion).

Germany's funding for the projects is contingent on the outcome of an application for EU State Aid law exemptions under the EU's Important Project of Common European Interest (IPCEI) program. The EU put out a call for proposals to regional companies to join a hydrogen IPCEI in December.

[waldron] 05/6/2021 08:35

ihsmarkit.com/research-analysis/germany-pledges-10-billion-for-hydrogen-projects-by-shell-bp-t.html

[waldron] 05/6/2021 07:39

florenceorbis
4 Jun '21 - 08:40 - 3802 of 3803
0 2 0




TotalEnergies SE : The trend should regain control

06/04/2021 | 07:48am BST

Entry price : 39.99€ | Target : 44.7€ | Stop-loss : 37.1€ | Potential : 11.78%

The underlying tendency is to the upside for shares in TotalEnergies SE and the timing is opportune to get back into the stock. A comeback of the upward dynamic can be anticipated.

Investors have an opportunity to buy the stock and target the € 44.7.

TotalEnergies SE : TotalEnergies SE : The trend should regain control

Summary

The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

In a short-term perspective, the company has interesting fundamentals.


Strengths

The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.

As regards fundamentals, the enterprise value to sales ratio is at 0.81 for the current period. Therefore, the company is undervalued.

This company will be of major interest to investors in search of a high dividend stock.

Over the past year, analysts have regularly revised upwards their sales forecast for the company.

Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.

For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

For the past twelve months, EPS forecast has been revised upwards.
Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.



Weaknesses

The company's earnings releases usually do not meet expectations.

[the grumpy old men] 04/6/2021 18:25

Is Royal Dutch Shell Stock a Buy?
Shell had a solid plan for the future. Or at least it did until things got a little more complicated. What should investors do now?
Reuben Gregg Brewer
(TMFReubenGBrewer)
Jun 4, 2021 at 11:25AM
Author Bio

Royal Dutch Shell (NYSE:RDS.B) is one of the largest integrated energy companies on Earth. That has put it in the crosshairs of environmentalists looking to take on global warming. The company has started to do something about this issue, but it may not be enough to satisfy detractors. That could make life much more difficult for Shell and its shareholders.
The big change

Shell made the very difficult decision in 2020 to cut its dividend by a huge 65%. There were two reasons why the giant energy company took this step. First, drilling for oil requires a lot of capital investment, and at the time weak oil prices were making it difficult to fund spending needs. Second, the company announced plans to alter the makeup of its business, shifting toward growth in cleaner energy businesses and reducing its emphasis on oil.
A smiling person in front of wind turbines.

Image source: Getty Images.

That second announcement was notable, as it meant that Shell had heard what investors, governments, and environmentalists were saying about reducing carbon and it was taking action. Some of its peers, notably Chevron and ExxonMobil were, and for the most part still are, dragging their feet on this front. Shell's goal is to get to net zero carbon by 2050, with interim goals of a 20% reduction by 2030 and a 45% reduction by 2035.

There are a lot of moving parts to this plan, but it entails reducing oil production, increasing natural gas exposure, and ramping up investment in renewable energy. Shell is not new to the clean energy space either, so it has some expertise to build off of. The goals seem reasonable, but there's one key thing investors have to remember -- the oil business, though shrinking, is helping to fund the transition to a cleaner future.
A wrench in the gears

Everything seemed lined up for Shell. It had even gotten back to increasing its dividend, now having raised it twice since the cut. That was meant as a sign to investors that the company was financially strong and could be trusted to address clean energy concerns and maintain a growing dividend over time. Based on shareholder proxy voting, investors appeared pleased with the direction the company was heading. Then Shell lost a court case in Europe around its environmental impact.

TOT Dividend Per Share (Quarterly) Chart

TOT Dividend Per Share (Quarterly) data by YCharts

The big takeaway from the case is that Shell was told to increase the pace of its clean energy transition. The court mandated target for carbon emission reduction was 45% by 2030. That pushes forward the 2035 goal by five years, but means more than doubling the carbon reduction originally planned for 2030. This is a massive change.

The company responded by outlining the steps it has taken so far and plans to take in the future. And by saying it will appeal the decision. That is the logical step for Shell, but investors need to consider what happens if it loses this fight. Most notably, it will likely have to divest more oil assets to meet the court's mandate. That means less revenue to support the shift toward clean energy. In turn, this will probably lead to increased use of the balance sheet to fund the transition. That is not an ideal solution.
What to do about it?

At this point, nothing is likely to happen in the near term. However, investors looking for a long-term energy investment might want to step back here and rethink how they go about putting their money to work. This isn't to suggest that Shell is a bad company, only that the court loss raises the risks for this energy company in an unpredictable way.

The best alternative right now is likely Total (NYSE:TOT), which is going down a similar clean energy path, has maintained its dividend, and has shareholder support for its transition. Alternatively there is BP, but the company's 2020 dividend cut and high leverage compared to peers are issues that some may, justifiably, find concerning. That said, be prepared, if Shell does end up losing this fight, it is likely that other energy names will find themselves facing similar problems down the line.

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[ariane] 03/6/2021 20:32

Uganda Shortlists Four Firms for Oil Exploration Deals
06/03/2021 | 05:14pm BST


By Nicholas Bariyo

KAMPALA, Uganda--Uganda has selected four companies for the final round of its second-ever competitive oil bidding round involving five oil blocks along its western border with Congo, where it has already discovered huge commercial crude deposits, the energy and minerals ministry said Thursday.

The four companies include Total E&P, a unit of France's Total SE, Australia's DGR Global Ltd., Nigeria's PetrolAfrik Energy Resources and the state-run National Oil Co. The development caps two years of a selection process amid the country's continuing efforts to attract investors to its nascent oil industry. At least six firms have expressed interest in the bidding round, underscoring renewed interest in the sector amid recovering global crude prices, according to Robert Kasande, the permanent secretary at the energy and minerals ministry.

"The next phase is to negotiate with the companies, before the signing of the oil production sharing agreements," Mr. Kasande said.

Uganda launched its first oil block licensing round in 2015, resulting in the awarding of exploration licenses to Australia's Armour Energy Ltd., and Nigeria's Oranto Petroleum.

Previously, Uganda handed out blocks on a first-come, first-served basis. Total and China's Cnooc Ltd. currently own licenses for the existing crude fields, believed to contain as much as 6.5 billion barrels of crude.

Over the past five years, Total and Cnooc have been in the process of developing the oil fields, but a litany of disruptions, ranging from tax disputes to disagreements over development plans have delayed commercial output.

Last month, Total signed a $3.5 billion export pipeline deal with Uganda and Tanzania, unblocking a major hurdle for the project. As much as $10 billion is required to develop the 230,000 barrels-a-day oil project and build a 900-mile export pipeline to the Tanzanian port of Tanga, according to Total. Total expects to start commercial oil production from the fields in early 2025.

Write to Nicholas Bariyo at [e-mail]

(END) Dow Jones Newswires

06-03-21 1213ET

[ariane] 03/6/2021 15:17

NATURALGASWORLD.COM



Natural Gas News
Total takes 10% stake in Novatek's LNG transshipment terminals
Jun 3, 2021 1:55:pm

Summary

Total and Novatek will also look at ways of decarbonising LNG supply and producing and using hydrogen as a fuel.
by: Joseph Murphy

France's TotalEnergies (TE) has agreed to take a 10% stake in Novatek's wholly-owned Arctic Transshipment, the company operating two LNG transshipment terminals that the Russian gas supplier is building in Kamchatka and Murmansk, they said June 3.

The pair signed the share purchase deal at the St Petersburg International Economic Forum, along with a memorandum of understanding (MoU) on decarbonisation, hydrogen and renewables.

The two transshipment terminals, each equipped with 360,000-m3 floating LNG storage units, are designed to facilitate LNG supplies from the nameplate three-train 16.5mn metric ton/year Yamal LNG and the other LNG export terminals Novatek is developing in the Arctic to markets in Asia and Europe. Specialised ice-breaking LNG carriers will offload their cargoes at the terminals, which will be then be collected by conventional tankers, saving time and cost.

Novatek expects the facilities to be up and running in 2023, coinciding with the launch of Novatek's 19.8mn mt/yr Arctic LNG-2 project. CEO Leonid Mikhelson said the facilities would "ensure the optimal utilisation of our ice tanker fleet and reduce the cost of transport to consuming markets for the company's existing and future LNG projects.” He said TE would "enhance the competitiveness of our joint projects and contribute to the successful development of our LNG logistics chain in accordance with best industry practices in environmental protection and climate change mitigation.”
Decarbonising with hydrogen

Under the MoU, the two companies will look at producing and using hydrogen as a fuel, and marketing carbon-neutral products including LNG, Novatek said. They will also co-operate in making power generation at LNG facilities more efficient, including by using waste heat utilisation technologies. They will consider converting gas turbine equipment to run on hydrogen and constructing wind turbines and other renewable facilities to reduce the carbon footprint of LNG supply.

"Our long-term goal is to provide the global markets with affordable, secure and low-carbon natural gas, and the cooperation with TE our partners is one way for us to contribute to the decarbonisation of the global energy industry," Mikhelson said.

Novatek announced earlier in the day it would potentially buy renewable power from Finland's Fortum in Russia in order to reduce the Scope 2 emissions from its Cryogas-Vysotsk LNG plant in the country's northwest.

TE, which changed its name late May, is a 19.4% shareholder in Novatek and holds a 20% stake in Yamal LNG, which started up in December 2017 and produced more than 18.8mn mt of LNG in 2020. The company also holds a 10% stake in Arctic LNG 2, now under construction and on track to deliver its first LNG cargo in 2023.