Share Name Share Symbol Market Type Share ISIN Share Description
Total SA LSE:TTA London Ordinary Share FR0000120271 TOTAL ORD SHS
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00 € +0.00% 47.325 € 46.79 € 48.21 € - - - 223 08:02:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers - - - - 4,253.14

Total SA Share Discussion Threads

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DateSubjectAuthorDiscuss
13/12/2017
08:39
Total SA (FP.FR) said Tuesday that its board of directors has removed the discount offered for new shares to be issued as payment of the second interim dividend of the year, a move that sets the price for new shares at 46.55 euros ($54.86). Shareholders have the option to receive the dividend in cash or in new shares of the company, it added. The French energy group said the discount is the result of current oil prices--above $60 a barrel--and its performance in terms of cash-flow generation. The ex-dividend date for the second interim dividend is set for Dec. 19, the company said. Write to Marc Navarro Gonzalez at marc.navarrogonzalez@dowjones.com (END) Dow Jones Newswires December 12, 2017 13:22 ET (18:22 GMT)
maywillow
12/12/2017
12:17
Total Eren set to build 70MW Indonesian site 12 December 2017 by David Weston , Be the first to comment INDONESIA: The new renewables arm of oil and gas giant Total has signed a letter of intent with Indonesia's government-owned electricity provider to build a 70MW wind project on the island of Borneo. UPC Renewables' 75MW Sidrap wind project is set to be the first large-scale onshore wind project in Indonesia UPC Renewables' 75MW Sidrap wind project is set to be the first large-scale onshore wind project in Indonesia The state-owned utility, PT Perusahaan Listrik Negara (PLN), signed the letter of intent witht developer Total Eren ahead of the One Planet Summit taking place in France, designed to "promote tangible means to achieve the Paris Agreement". The 70MW Tanah Laut project will be build in Kalimantan, the Indonesian' part of the island of Borneo in south-east Asia. Total Eren said its local subsidiary Pace Energy, has conducted a wind resource assessment of the proposed site over 20-months, which confirmed it was a "high-quality" project location. GE's local subsidiary, GE Indonesia, will partner the project as technology supplier and has supported the project design and carried out the grid connection study, Total Eren said. French conventional power player Total acquired a 23% stake in compatriot Eren RE in a €237.5 million deal in September. Under the terms of the deal, Total will have the option to take full control of Eren RE after five years. Eren RE had roughly 650MW of wind, solar and hydro projects in operation or under construction across the world at the time of the acquisition.
sarkasm
12/12/2017
09:20
Sonangol, Chevron & Shell Join Tullow Oil and Total to Discuss Well Intervention in West Africa Share Article Eni Nigeria, Marathon Oil, Shell & Sonangol amongst offshore operators joined by leading well work experts at the Offshore Well Intervention Workshop West Coast of Africa on March 7-8: Https://tinyurl.com/ybb3mvz7 News Image We're delighted to see so much enthusiasm for this first time event - well intervention is key for West African operators and we look forward to promoting collaboration and innovative technology ACCRA, Ghana (PRWEB UK) 12 December 2017 https://tinyurl.com/ybb3mvz7 150+ senior well intervention experts will get together in March at the Mövenpick Ambassador Hotel in Accra to discuss their well intervention and P&A strategies in a bid to increase efficiencies and reduce the cost of both deepwater and shallow water projects. Well intervention & completions experts Ihechi Ojukwu (Chevron Nigeria), Kelechi Victor (Nigerian Agip) & Ifeanyi Ugbor (Shell Nigeria) will speak alongside well engineering specialists including Andres Esono Ngui Obono (Marathon EG), Elike Mawuli (Tullow Oil) & Edward Kalu (Total Nigeria) to address some of the challenges companies are facing during workover, integrity and abandonment projects. Key topics up for discussion include: Well Intervention Economics: Examine how expanding the scope of work, multi-well campaigns and the availability of equipment can improve well intervention economics Acid Stimulation: Hear how a scheduled program of well stimulation using coiled tubing or flexible pipe to bullhead acid can lead to optimized recovery with no downtime Downhole Technology: Discover new section milling, fishing and retrieval tools as well as eline & CT services that enhance production while mitigating risk to your subsea formation Late Life Management: As West African fields mature, discuss ways of optimizing late life production, ensuring integrity and preparing for P&A with an efficient end of life strategy P&A: Study regional abandonment case histories to tackle challenges including annular pressure build up, cement placement, barrier validation and NORM contaminants Other speaking organisations at the conference include Wild Well Control, Helix, Island Offshore, TechnipFMC, Oceaneering and many more… To see a full breakdown of the agenda and speakers involved in the Offshore Well Intervention Workshop West Coast of Africa, download the conference brochure at Https://tinyurl.com/ybb3mvz7 Sam Scarpa Head of Conferences | Offshore Network Ltd. t: +44 (0) 20 3793 8800| e: sscarpa(at)offsnet.com
waldron
12/12/2017
08:06
Total is on the Beehive field in Australia Anthony Bondain, published on 12/12/2017 at 06:47 Total is on the Beehive field in Australia Photo credit © Total Media (Boursier.com) - Total and Santos have agreed to fully finance a 3D seismic survey for Melbana Energy, on the WA-488-P license, which contains the Beehive deposit, in the Australian offshore. In exchange, the French and Australian have an option exercisable together or individually to take an interest of 80% in the permit, one of the most promising sites in the country. If the option were exercised, Total and / or Santos would bear all development costs up to the first oil. In the event of a commercially exploitable discovery, Melbana would repay its share of financing using the cash flow generated. The preparation of the seismic study has started, with a planned start in mid-2018. The information was revealed this morning in a statement from Melbana.
waldron
11/12/2017
08:25
Total SA (FP.FR) said Monday that its Hanwha Total Petrochemical 50/50 joint venture with Hanwha Group will invest $300 million to expand its integrated refining and petrochemicals platform in Daesan, South Korea. The objective of the investment is to expand the joint venture's polymer production, Total said. With it, the site's polyethylene capacity will increase by more than 50% to 1.1 million tons a year by the end of 2019. This additional production of polyethylene, the most widely used polymer, will fuel demand both in South Korea and China. "After the expansion of the steam cracker announced earlier this year, this project will allow us to capture margins across the full value chain at this giant integrated platform", said Bernard Pinatel, Total's president of refining and chemicals. Hanwha Total Petrochemical will use the advanced double loop technology licensed by Total and Chevron Phillips Chemical Company, it said, which will enable the production of a wide range of high-end specialty polyethylenes. Daesan is one of Total's integrated platforms and a strategic asset for both shareholders, the company said. The site, which is comprised of a flexible condensate splitter, a competitive steam cracker and polymers, styrene and aromatics, generated a net result of nearly $1 billion in 2016. Write to Marc Bisbal Arias at marc.bisbalarias@dowjones.com (END) Dow Jones Newswires December 11, 2017 02:50 ET (07:50 GMT)
waldron
11/12/2017
08:04
TOTAL: Consolidation can continue TEC on 11/12/2017 at 07:53 0 Tweet TOTAL: Consolidation can continue SYNTHESIS The MACD is positive but below its signal line. The current dynamics is interrupted. In the event that the MACD becomes negative, the decline in prices could continue. The value of the RSI is less than 50: this confirms the weakness of the courses. Stochastic indicators do not give clear signals for the coming days. The traded volumes are below average volumes over the last 10 days. MOVEMENTS AND LEVELS After a high of 48.05 EUR, the stock corrects towards the 50-day moving average at 46.9 EUR: the behavior of the prices on this level will make it possible to envisage the continuation of the movement in the medium term. The first points of purchase (or short-term supports) are at 46.23 EUR and 45.31 EUR. Resistances are at 49.01 EUR and 49.48 EUR. Last class: 47.03 Support: 46.23 / 45.31 Resistance: 49.01 / 49.48 Short term opinion: neutral Medium term opinion: positive
florenceorbis
10/12/2017
12:36
The Nest Egg Portfolio: Total's $5B + 5% Strategy Protects The Dividend Dec. 10, 2017 6:35 AM ET| 1 comment| About: TOTAL S.A. (TOT), Includes: ADRNY, AHODF, AMZN, BINCF, BINCY, BPOSF, BPOSY, BT, CEO, EURN, HDUGF, ING, KLPEF, MT, PBR, RDEIF, RDEIY, RDS.A, RDS.B, RIO, S, SCHW, STO, VOPKF, VOPKY The Investment Doctor The Investment Doctor Long/short equity, value, debt, base metals Marketplace European Small-Cap Ideas (5,754 followers) Summary Total reported excellent Q3 results, indicating the dividend is fully covered. Q4 should be even better. Ahold has shrugged off the fears surrounding the Amazon-Whole Foods Market deal. This idea was discussed in more depth with members of my private investing community, European Small-Cap Ideas. Introduction After having discussed BT Group (BT) a few weeks ago to determine how sustainable its (generous) dividend is, in this week’s edition of the Nest Egg Portfolio I will have another look at Total (TOT) to determine how sustainable the dividend of this French integrated oil company is. In case you missed the previous article, please click HERE, HERE and HERE to read it to make sure you’re fully up to speed! All share prices mentioned in this article are the closing prices as of Wednesday (unless mentioned otherwise). _____________________________________________________________ This article was first published at European Small-Cap Ideas, a Premium service by The Investment Doctor. See the end of the article for an important notice, as the subscription fee for European Small-Cap Ideas will increase from January 1 st on! _____________________________________________________________ Portfolio update Total’s E&P division now generates more operating income than the downstream segment In the third quarter of 2017, Total was able to increase its total oil-equivalent production rate to 2.58 million barrels per day, an increase of more than 3% compared to the previous quarter, and an excellent 6% increase compared to the third quarter of last year. The gas production actually decreased slightly (1%) on a QoQ basis, and the entire performance increase was due to exceptionally strong oil production results, where the output increased by approximately 94,000 barrels per day (+ 7.2%) thanks to a robust growth in the middle east (+20% QoQ) which is probably related to the startup of the Al-Shaheen oil field in Qatar. And the third quarter actually was a really good one; Although the revenue increased by just 7.5% to $43B (compared to the $39.9B in Q2 2017), the net income increased by roughly 35% to $2.76B despite a much higher tax bill ($1.09B versus $472M in Q2 2017). Both the ‘refining & chemicals’ division (+292M operating income) and the ‘pure' exploration and production division (+$915M in operating cash flow). But the main question now obviously is how this translates into a higher dividend coverage ratio. After all, it’s nice to get a dividend, but not if the company theoretically can’t afford the dividend. Source: financial statements If we would just look at the Q3 result, you’ll see the adjusted operating cash flow was approximately $5.42B after taking the working capital changes into consideration. The total capex bill in the third quarter was $3.1B, which results in an adjusted free cash flow of $2.32B, which is approximately $0.93 per share. Using the current EUR/USD exchange rate of 1.16, this translates into a FCF/share of almost exactly 80 eurocents. As Total is paying a quarterly dividend of 0.62 EUR per share, it’s now pretty clear the dividend was fully covered based on the Q3 performance (with a coverage ratio of almost 129%), whilst Total was actually able to use the $522M in ‘excess’ free cash flow to strengthen its balance sheet. Source: financial statements This excellent performance in the third quarter obviously also has a positive impact on the YTD performance. If we would now run the same calculation based on the results of the first three quarters of the year, we would end up with an adjusted operating cash flow of $15.1B and a capex of $9.1B, resulting in a net free cash flow of $6B. A decent result, and sufficient to cover all three (normalized) dividend payments as the total cash requirement for 3 quarters would be 1.86 EUR per share, or $5.4-5.5B. Whereas the dividend appeared to be just barely covered in the first semester, the excellent third quarter has increased the 9M dividend coverage ratio to 110%. As the oil price continued to increase in and throughout the fourth quarter, I dare to expect an even better free cash flow result which should take all uncertainties away. Source: company presentation As Total is also bringing the Yamal LNG project in Russia in production by the end of this year whilst it also expects the acquisition of Maersk Oil to be completed in the first quarter of 2018, the company seems to be very much on track to realize its ‘5+5’-plan. Total plans to incorporate $5B in savings by 2020, and increase the annual production rate by 5% until 2022. Both elements should help push the break-even price per barrel of oil from $30 to $20 by 2019, and that would be a huge achievement to ensure higher margins and increasing the dividend coverage ratio (and paving the way for dividend increases further down the road). On top of that, production has started at the Libra oil field (offshore Brazil, 180 kilometers away from Rio de Janeiro) with an initial capacity of 50,000 barrels per day. The 5 joint venture partners (including Petrobras (PBR), Royal Dutch Shell (RDS.A) (RDS.B) and CNOOC (CEO) as well as CNPC) will soon decide on expanding the production capacity to 150,000 barrels per day. Total also sold its stakes in the Martin Linge field and the Garantiana discovery to Statoil (STO) for $1.45B. This sale will fund a part of the acquisition of Maersk Oil which will be completed soon. Once Maersk Oil will have been purchased, Total will remove the discount on its scrip dividend. Source: company presentation Long story short; Total’s dividend appears to be absolutely safe as the coverage ratio for FY 2017 will very likely exceed 120%. Dividend investors can sleep well at night – but don’t forget to make sure your paperwork to reduce the French dividend tax from 30% to 15% has been submitted! Other additions/removals I am selling 50 shares of Red Electrica Corporation at 19.07 EUR (Wednesday’s closing price) for a total net inflow of 934 EUR. The stock performed very well lately, and I’d like to ‘top up’ at a lower price (perhaps by writing a put option – see later). Besides this sale, there have been no changes in the portfolio. No positions were added or removed/reduced. I’m waiting for the December expiration date (see below) before initiating new positions or increasing the existing positions. I expect most of the written put options to expire worthless, which will pave the way to write new put options on companies I would really like to add to the portfolio. Perhaps I need to make one shout-out here; Ahold (OTCQX:ADRNY) (OTCQX:AHODF) seems to have fought back against the negative perception after Amazon (AMZN) announced it was buying Whole Food Markets (WFM). Most investors thought this this would put a lot of pressure on Ahold’s supermarket chains in the USA, but these fears were exaggerated. The share price has now regained pretty much all of the ground it lost, as Ahold posted decent financial results and confirmed its share buyback program. Source: finanzen.net Incoming dividends There haven’t been any dividend payments since the previous edition of the Nest Egg Portfolio. If I missed a dividend payment, please let me know in the comment section below, or per private message! The current portfolio + updates The expiration date for December options is next Friday, on December 15 th. As ArcelorMittal (MT), Klepierre (OTCPK:KLPEF), Red Electrica (OTC:RDEIF) (OTCPK:RDEIY) and Total (TOT) are trading above the strike prices, it’s very likely they will all expire ‘out of the money’. If that’s indeed the case, the coverage ratio will increase from 54% to 187%. Should all options indeed expire worthless, we can pocket the total net option premiums of 391 EUR. This indeed isn’t an impressive amount, but it does represent a return of almost 0.4% on a 100,000 EUR portfolio in just a few months. The power of writing options! That being said, the put options on BinckBank (OTC:BINCF) (OTC:BINCY) and Bpost (OTC:BPOSF) (OTCPK:BPOSY) will expire in the money. Should that happen, we’ll see a net cash inflow of 1,050 EUR (before transaction expenses) as the proceeds from selling Bpost at 24 EUR will be more than sufficient to cover the expenses related to the purchase of Binck stock. Binck enjoyed a pop recently (before coming back down to earth) after the company was tipped to be a buyout candidate. No names were mentioned, but Dutch banking and insurance company ING Groep (ING) would be the main candidate as simply buying Binck (and its existing clients) would be easier than rebuilding its own platform (interesting fact: in some of the countries Binck is active, it already uses ING Bank as its financial partner).. This isn’t the first time Binck is in the spotlights as back in 2010, Schwab (SCHW) also appeared to be interested in the discount broker when its market cap was almost three times higher. December will be a busy option expiration month and once all the dust will have been settled, I will provide an update on the next steps as my fingers are itching to write more put options. Updates / Other News from Europe Back in November, I made a case for Vopak (OTCPK:VOPKF) (OTCPK:VOPKY) as a contrarian investment ( plagued by temporary headwinds), waiting for the contango on the oil market. As I explained in the article, Vopak’s business model is actually pretty good, but it fails to work in an oil market which is experiencing backwardation (why would someone want to store oil if it’s cheaper to buy futures for delivery in the future rather than taking delivery of oil right now and having to pay for storage? Once we’re back in a backwardation situation, Vopak should perform vey well as it’s continuing to invest in expanding its operations. Elsewhere in the oil market, I thought Euronav (EURN) is a hold. The company remains cash flow positive, but the entire cash flow will be spent on a bunch of newbuilt vessels. The company’s management doesn’t appear to be positive about 2018, but with a young fleet and an experienced management team, Euronav would be (one of my) favorite(S) to gain exposure to the oil shipping sector. Hunter Douglas (OTCPK:HDUGF) seems to be on track to quickly reduce its net debt position after its acquisitions in 2016 and 2017. The strong Euro isn’t helping, but the company should still be able to publish a very respectable amount of free cash flow. It generated $122M in free cash flow in the first nine months of the year, despite non-recurring charges and a higher-than-average total capital expenditure. Seeking Alpha has now uploaded the Slideshow provided by Rio Tinto (RIO) at its Investor Seminar in Sydney earlier this week. It’s a very interesting read! Contributor Fluidsdoc has provided his/her updated view on Royal Dutch Shell (RDS.A) (RDS.B), callingit a ‘Deep Water and LNG powerhouse’. I don’t disagree! Conclusion I’m glad to see Total was able to cover its dividend in the third quarter of this year, and I expect the company to perform even better in the current quarter as the (Brent) oil price is consistently trading above $60 per barrel. Total has always been a quality name in the integrated oil & gas sector, and I’m really impressed by its investment plans to increase the production rate. I’m convinced the company has a great future ahead.
la forge
10/12/2017
08:39
Total S.A. Announcement re: Rights Issue 08/12/2017 4:46pm UK Regulatory (RNS & others) TIDMTTA TOTAL S.A.: Statement in Compliance with the Article 223-16 of the General Regulation of the Financial Markets Authority (AMF - Autorité des marchés financiers) Total (Paris:FP) (LSE:TTA) (NYSE:TOT): Date Total number ofshares Number of voting rights exercisable atShareholders' meeting November 30, 2017 2,528,814,376 2,677,900,746 A total number of 2,686,277,502 voting rights were attached to the 2,528,814,376 underlying Total shares (referred to as 'theoretical voting rights'), including: -- 8,376,756 voting rights attached to the 8,376,756 Total shares held by TOTAL S.A. that also cannot be exercised at shareholders' meetings pursuant to the provisions of the Articles L.225-111 and L.225-210 of the French Commercial Code. 2.5. Total number of voting rights and capital LEI: 529900S21EQ1BO4ESM68 View source version on businesswire.com: Http://www.businesswire.com/news/home/20171208005507/en/ This information is provided by Business Wire (END) Dow Jones Newswires December 08, 2017 11:46 ET (16:46 GMT)
sarkasm
09/12/2017
17:12
Dividends for holders of Total shares traded on the Euronext Paris December 19, 2017 Ex-dividend date for the 2nd 2017 interim dividend
sarkasm
09/12/2017
08:00
8/12/2017 | 4:21 p.m. JPMorgan downgraded its recommendation on Total Neutral to Underweight and lowered its price target from 48 to 46 euros. Last September, the broker was reassured by the message of budgetary discipline addressed by the group at its investor meeting. Today, the design office is more measured despite the robust prospects of the sector. He is more cautious about the group's ability to generate as much cash as expected and to manage its balance between cost savings and capital expenditures. Above all, JPMorgan emphasizes that the group's objective to hedge its dividend by its free cash flow (cash breakeven) at $ 50 per barrel in 2019, could be renewed in 2020. However, according to his own estimates, Total should do less well than its European competitors. The latter could indeed show a cash breakeven of 50 dollars in 2017, 46 dollars in 2019 and 43 dollars in 2020.
grupo
08/12/2017
19:11
Energy stocks were trending higher, with the NYSE Energy Sector Index rising 0.5% while shares of energy companies in the S&P 500 were up more than 0.8% as a group. Crude oil for January delivery was up 35 cents at $57.04 per barrel while January natural gas futures were 1 cent lower at $2.76 per 1 million BTU, reversing a small advance earlier this morning. In company news, American depository shares of Total SA ( TOT ) were falling this afternoon, dropping as much as 1% to a session low of $55.14 apiece, after the French energy major and Russian natural gas producer Novatek said they loaded their first shipment of liquefied natural gas from their jointly owned plant in Russia's arctic region. The Yamal LNG plant is one of the biggest liquefied natural gas facilities in the world and is capable of producing more than 4.6 billion barrels of natural gas equivalent per year. The plant is operated by Yamal LNG Co., which is 50.1% owned by Novatek while Total and China's CNPC each hold 20% stakes. Silk Road Fund owns the remaining 9.9% of the venture.
grupo
08/12/2017
14:17
Home / Energy News First LNG cargo ready to leave the Russian Arctic Liquefied natural gas has a strategic element now that the United States is shipping the product to Europe. By Daniel J. Graeber | Dec. 8, 2017 at 6:11 AM Comments0 Comments share with facebook share with twitter French energy company Total says LNG is ready to leave a facility on an Arctic peninsula in Russia. Photo courtesy of Novatek Dec. 8 (UPI) -- French supermajor Total said Friday the first cargo of liquefied natural gas is leaving an Arctic facility in Russia, one of the largest in the world. The French company holds a 20 percent stake in the Yamal liquefied natural gas project, alongside China National Petroleum Corp., with a 20 percent stake, and Novatek, Russia's largest independent gas company and the majority stakeholder. Total said the first cargo of LNG was ready for shipment as of early Friday. "Together we managed to build from scratch a world-class LNG project in extreme conditions to exploit the vast gas resources of the Yamal peninsula," Total Chairman and CEO Patrick Pouyanné said in a statement. The Yamal LNG project has the capacity to produce about 16.5 million tons of natural gas, and exports could target consumers in the Far East. Up to 16 ice-class carriers could be designated to ship LNG year-round to global consumers from the far north Kara Sea. Pouyanne joined Russian Cabinet officials in June for a ceremony naming a tanker designated for Arctic LNG after former Total CEO Christophe de Margerie, who died in a plane crash in Moscow in 2014 The first train, the facility that converts gas to the liquid form, went into production early this week. Two more trains will be in service by 2019. Energy consultant group Wood Mackenzie said it's rare for a project like Yamal to get off the ground on time and on budget. Samuel Lussac, Wood Mackenzie's senior Russian analyst, said operations will be tested, in part by its location in the harsh Arctic environment. By his read, getting LNG out of the region consistently could be a challenge. LNG offers more options for delivery because there are fewer geopolitical risks than piped gas. European economies are vulnerable to those types of risk because most of the Russian gas they get moves through Soviet-era pipelines in Ukraine. The super-cooled gas has taken on a strategic value as the United States has started shipping its own LNG to some European countries that would normally depend on Russia. The U.S. National Defense Authorization Act states that U.S. efforts should promote European energy security with backing for expansion of its own gas infrastructure, as well as growth of trade in LNG. "This giant project would not have been possible without the power of our partnership with Novatek and displays Total's commitment to Russia," Pouyanné. Novatek had no statement on Friday's shipment. Yamal moves the company toward becoming a global player, however, which Chairman Leonid Mikhelson said marks "a new chapter in our corporate history."
grupo guitarlumber
08/12/2017
08:58
Engie targets 100% renewable gas supply in France by 2050 Photo by Steve Jurvetson (Flickr) [CC BY 2.0 (hxxp://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons December 7 (Renewables Now) - French energy group Engie (EPA:ENGI) believes it will supply its French clients with gas of 100% renewable origin by 2050. The established natural gas supplier on Monday announced it will invest heavily in biomethane and hydrogen to green its gas offering. Engie is already working on some forty biogas projects in France - facilities that turn waste, mostly agricultural waste, into methane. The French company also wants to develop hydrogen production units, converting electricity produced by renewable sources into gas to power fuel cell vehicles. "We are going to gradually green our gas supply, so that by 2050 it can be 100% green," CEO Isabelle Kocher told a press conference. At the start of November, Engie created a new entity to focus on the development of renewable hydrogen, and unveiled a new green gases partnership with Total SA (EPA:FP). "We are interested in developing big projects to create industrial standards, lower costs and ensure that the business grows from small projects, currently representing around 1% of the demand in France - to something closer to 100 %," she added. Gas is a necessary ingredient for the energy transition to work because the more renewable electricity enters the energy mix, the bigger the problem of the intermittency of these sources gets, underlined Isabelle Kocher, for whom the " pain threshold "is around" 20-30% "and must be overcome by means of gas storage. Engie estimates that "green" gas could represent 10% of French consumption by 2025 and 30% in 2030. The company's renewable gas investments are expected to grow from "a few dozen" to "a few hundred" million euros a year.
waldron
08/12/2017
08:26
(TotalFinance.com) - Total announces that Yamal LNG's first shipment of liquefied natural gas (LNG) is ready to leave Sabetta, marking an important milestone in Yamal LNG's history, with the French company holding 20 %. This gas liquefaction project is designed to exploit 4.6 billion barrels of oil equivalent of gas reserves in northern Russia. At full capacity, the plant and its three liquefaction trains will supply 16.5 million tonnes of LNG per year. The construction of the first train and logistics facilities was completed thanks to the mobilization of more than 30,000 people at the height of the activity. The second and third trains will start respectively in 2018 and 2019.
waldron
07/12/2017
10:17
BP, Total’s ratings could absorb end of scrip dividends: Fitch December 7, 2017 Company News, Crude Oil, Europe, Natural Gas, News 0 European oil majors BP and Total could be pressured into following Shell’s recent decision to cancel scrip dividends and return to paying its dividend entirely in cash, but such a move is unlikely to negatively impact their debt ratings, Fitch Ratings said Wednesday. Analysts at the credit rating agency said in a note both BP and Total have rating headroom if scrip dividends are ended, at least more headroom at their current rating than Shell did. Fitch has affirmed Shell at "AA-" with a negative outlook after last week’s decision, claiming the plan will slow the firm’s deleveraging, Kallanish Energy learns. If both companies were to completely cancel scrip dividends beginning in 2018, it would “probably take significantly more shareholder-friendly actions, such as very large share buybacks or rising dividends, as well as rising capital intensity, for the ratings of Total and BP to come under significant pressure,” Fitch said. All three oil majors introduced scrip dividend programs when oil prices collapsed in 2014-2015, rather than cut gross dividends, which helped balance cash flows and reduce additional borrowing. The analysts said the recent oil price recovery, along with pressure from shareholders who don’t want their shares diluted, could incentivize oil companies to increase cash distributions by cancelling scrip dividends, launching share buybacks or even raising dividends. Shell saved roughly $11 billion of cash with the program, but reiterated its commitment to buy back at least $25 billion of shares in 2017-2020, subject to a sustained recovery in crude prices and debt reduction. Its reference oil price is $60 a barrel. Fitch analysts, however, see Shell's decision as credit negative “as it will reduce the company's financial flexibility under our base case of oil prices returning to below $55/Bbl in 2018, and refining margins moderating.”
the grumpy old men
05/12/2017
12:23
Drilling & Production News Total, Sonangol sign deals for new upstream and downstream projects in Angola EBR Staff Writer Published 05 December 2017 French oil and gas major Total and Angola’s national oil company Sonangol have signed various agreements covering upstream and downstream activities in the Southern African country. The agreements will result in restarting of offshore exploration in Angola, launch of new projects and new businesses in renewable energy and oil product distribution. Total and Sonangol have come to an agreement on the contractual conditions for the Zinia Phase 2 project. Following this, the project which will see Zinia 2 connected to the Pazflor floating production, storage and offloading (FPSO), will move towards a final investment decision. A part of the Pazflor oil field, the Zinia field is located in block 17. It is operated by Total which has a stake of 40% and is partnered by Statoil (23.33%), Esso Exploration Angola Block 17 (20%) and BP Exploration Angola (16.67%). After the completion of the project, the Zinia field is expected to have a daily production of 40,000 barrels. Total has also agreed to jointly explore Block 48 alongside Sonangol through a new deal which would mark the resumption of deep-water exploration in Angola. The first phase of the exploration program will be for a two-year period and will involve drilling of an exploration well. Total and Sonangol have also inked a memorandum of understanding (MoU), following which they will jointly create a retail network in Angola. The new retail network would include logistics and the supply of oil products. Apart from that, the two firms have signed another MoU for jointly screening opportunities for supply of renewable energy across Angola. Total chairman and CEO Patrick Pouyanné said: “As Angola’s main oil partner, we are pleased with the strong willingness expressed by the country’s new authorities to drive an investment dynamic in the oil and gas sector, essential to the country’s economy, after three years impacted by the sharp drop in prices.” Pouyanné added that Total is also looking to ensure that the Kaombo project is started during summer 2018. The deep offshore project, which is touted to be the most significant investment in Angola as of now, is estimated to have reserves of 650 million barrels.
waldron
04/12/2017
16:45
(Boursier.com) - Total takes stock of new projects in Angola. Total and Sonangol have reached an agreement on the contractual conditions for the development of Zinia phase 2, which makes it possible to initiate the final investment decision. Located on block 17 and operated by Total (40%), Zinia 2 will be connected to FPSO Pazflor and will produce 40,000 barrels a day. In addition, Total and Sonangol have decided to jointly explore block 48. This agreement is helping to boost exploration in Angola's deep offshore waters. The first phase of this program will span two years with the drilling of an exploration well. © 2017, Boursier.com
sarkasm
04/12/2017
10:27
(Boursier.com) - Closing done for Total / EREN Renewable Energy transaction. Both groups have received the approval of the competent authorities to finalize their strategic agreement, concluded in September 2017, so that Total becomes, as of 1 December 2017, an indirect shareholder of Eren Re at 23%. EREN RE is renamed Total Eren on the same date. Following the approval of the transaction by the French Competition Authority on November 23, 2017, followed by the agreement of all stakeholders on December 1, 2017, the administrative conditions necessary to achieve the strategic agreement are completed on time. The ambition of Total Eren, active on five continents, is to reach a global installed capacity of more than 3 GW in the world by 2022 and the capital increase subscribed by Total is an important step in the realization of this goal. At the end of this five-year period, the agreement provides Total with the option to take control of Total Eren. The acquisition of a stake in Total Eren completes Total's portfolio of activities in the field of renewable energies. In particular, Total Eren allows the Total Group to enter wind power generation. With regard to solar power plants, Total Eren's strategic priority is to develop in emerging countries where electricity needs are growing.
waldron
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