Total Share Discussion Threads

[the grumpy old men] 05/8/2019 08:31

Total SA (FP.FR) said Monday that it has agreed to sell a 30% stake in French pipeline network Societe des Transports Petroliers par Pipelines to oil-storage group Pisto SAS for 260 million euros ($288.7 million).

After the deal closes Total will hold a 5.55% stake in the business, known as Trapil, and will continue to use its infrastructure to carry oil products from its Normandy and Grandpuits refineries.

Total said the sale fits with its strategy of holding contracts to use industrial infrastructure rather than owning the assets outright.

The transaction will help Total hit its target to sell off $5 billion in assets over the 2019-2020 period, the company said.



Write to Nathan Allen at [e-mail]



(END) Dow Jones Newswires

August 05, 2019 02:50 ET (06:50 GMT)

[the grumpy old men] 03/8/2019 10:30

Hmmmmmmmmmmmmm

perhaps a great buying opportunity

44.8375 EUR -4.17%

[waldron] 02/8/2019 17:04

Brent Crude Oil NYMEX 62.06 +2.58%
Gasoline NYMEX 1.63 +1.99%
Natural Gas NYMEX 2.10 -4.93%
(WTI) 55.34 USD +1.65%


FTSE 100
7,407.06 -2.34%
Dow Jones
26,323.76 -0.98%
CAC 40
5,359 -3.57%
SBF 120
4,245.77 -3.38%
Euro STOXX 50
3,382.97 -2.97%
DAX
11,872.44 -3.11%
Ftse Mib
21,083.82 -2.24%


Eni
13.68 -2.95%

Total
44.73 -3.91%


Engie
13.665 -1.34%

Orange
13.4 -0.89%


Bp
526.9 -2.19%

Vodafone
150.36 -0.86%

Royal Dutch Shell A
2,403.5 -2.53%

Royal Dutch Shell B
2,408.5 -2.57%

[waldron] 02/8/2019 16:15

THAT WAS THE WEEK THAT WAS - 1963 - David Frost, Millicent Martin, Roy Kinnear

[waldron] 01/8/2019 17:02

Brent Crude Oil NYMEX 63.38 -2.57%
Gasoline NYMEX 1.65 -3.12%
Natural Gas NYMEX 2.22 -1.51%
(WTI) 56.77 USD -1.46%


FTSE 100
7,584.87 -0.03%
Dow Jones
27,169.92 +1.14%
CAC 40
5,557.41 +0.70%
SBF 120
4,394.3 +0.70%
Euro STOXX 50
3,486.68 +0.56%
DAX
12,253.15 +0.53%
Ftse Mib
21,542 +0.67%



Eni
14.096 -0.76%


Total
46.55 -1.03%


Engie
13.85 -0.50%

Orange
13.52 +0.71%

Bp
538.7 -1.28%

Vodafone
151.66 +1.05%

Royal Dutch Shell A
2,466 -4.93%

Royal Dutch Shell B
2,472 -5.01%

[waldron] 31/7/2019 17:14

Brent Crude Oil NYMEX 65.03 +0.62%
Gasoline NYMEX 1.86 +0.60%
Natural Gas NYMEX 2.26 +5.90%
(WTI) 58.44 USD +0.34%




FTSE 100
7,586.78 -0.78%
Dow Jones
27,222.09 +0.09%
CAC 40
5,518.9 +0.14%
SBF 120
4,363.57 +0.13%
Euro STOXX 50
3,466.85 +0.04%
DAX
12,189.04 +0.34%
Ftse Mib
21,377.56 +0.47%


Eni
14.204 +0.78%


Total
47.035 -0.42%

Engie
13.92 -0.85%

Orange
13.425 -0.26%



Bp
545.7 +0.46%

Vodafone
150.08 -0.77%

Royal Dutch Shell A
2,594 -0.69%

Royal Dutch Shell B
2,602.5 -0.59%

[waldron] 30/7/2019 17:02

Brent Crude Oil NYMEX 64.01 +0.61%
Gasoline NYMEX 1.82 +0.43%
Natural Gas NYMEX 2.11 -0.09%
(WTI) 57.08 USD -0.04%

FTSE 100
7,646.77 -0.52%
Dow Jones
27,185.63 -0.13%
CAC 40
5,511.07 -1.61%
SBF 120
4,357.97 -1.56%
Euro STOXX 50
3,465.47 -1.82%
DAX
12,147.24 -2.18%
Ftse Mib
21,303.7 -1.87%

Eni
14.094 -1.08%



Total
47.235 -1.72%

Engie
14.04 -1.92%

Orange
13.46 -1.14%


Bp
543.2 +3.07%

Vodafone
151.24 -0.66%

Royal Dutch Shell A
2,612 +0.37%

Royal Dutch Shell B
2,618 +0.34%

[waldron] 29/7/2019 16:58

Brent Crude Oil NYMEX 63.26 -0.17%
Gasoline NYMEX 1.81 -0.73%
Natural Gas NYMEX 2.11 -2.00%
(WTI) 56.19 USD +0.38%


FTSE 100
7,686.61 +1.82%
Dow Jones
27,264.11 +0.26%
CAC 40
5,601.1 -0.16%
SBF 120
4,427.18 -0.19%
Euro STOXX 50
3,529.67 +0.08%
DAX
12,417.47 -0.02%
Ftse Mib
21,744.33 -0.43%


Eni
14.248 -0.63%


Total
48.06 +0.06%

Engie
14.315 +1.89%

Orange
13.615 +0.70%


Bp
527 +0.76%

Vodafone
152.24 +4.27%

Royal Dutch Shell A
2,602.5 +2.14%

Royal Dutch Shell B
2,609 +2.15%

[maywillow] 28/7/2019 11:26

Total will develop the LNG market in Benin

Oil & GasMidstreamLNG Terminal

By NS Energy staff writer 25 Jul 2019

Total will develop and operate the regasification infrastructure that will comprise a floating storage and re-gasification unit (FSRU) located offshore Benin
total-contract-408216_960_720

Image: Total will develop the LNG market in Benin. Photo: courtesy of Jens P. Raak from Pixabay .

Total, the Republic of Benin and the Société; Béninoise d’Energie Electrique (SBEE) have signed the Gas Supply Agreement and the Host Government Agreement for the development of a Liquefied Natural Gas (LNG) import floating terminal and the supply of up to 0,5 million tonnes per annum (Mtpa) of regasified LNG from Total’s global portfolio to Benin for 15 years, starting in 2021.

Total will develop and operate the regasification infrastructure that will comprise a floating storage and re-gasification unit (FSRU) located offshore Benin and an offshore pipeline connexion to the existing and planned power plants in Maria Gléta.

“This project is in line with Total’s strategy to develop new gas markets by unlocking access to LNG for fast-growing economies. We are very pleased to have been entrusted by the Benin authorities to develop LNG imports and support a broad adoption of natural gas in the country,” said Laurent Vivier, Senior Vice President Gas at Total. “Access to LNG will help Benin to meet growing domestic energy demand and add more natural gas to the country’s current energy mix, hence reducing its carbon intensity”.

The Minister of Energy of Benin, Mr Dona Jean-Claude Houssou, stated, “I congratulate the Total Group on its willingness to support the revitalisation of the energy sector, which is at the heart of the Government’s Action Plan (PAG), as evidenced by the signing today of the gas import contract. I would like to highlight the Government’s efforts to restore Benin’s energy independence, which is the foundation of the country’s ambitious economic and social development. The new legislative framework fosters the participation of private capital in the energy sector and is manifested in independent thermal, solar and hydroelectric power generation projects. The gas import project will supply plants in Benin, such as the new 127 MW power station at Maria Gléta, with imported liquefied natural gas, on preferential terms and will position Benin, capital of the WAPP (West African Power Pool), as the crossroads for gas and electricity in the subregion.”

The agreement is subject to conditions precedents.

Source: Company Press Release

[waldron] 26/7/2019 17:03

Brent Crude Oil NYMEX 63.68 +0.46%
Gasoline NYMEX 1.82 -0.08%
Natural Gas NYMEX 2.15 -3.50%
(WTI) 56.05 USD -0.04%


FTSE 100
7,549.06 +0.80%
Dow Jones
27,158.98 +0.07%
CAC 40
5,610.05 +0.57%
SBF 120
4,435.56 +0.66%
Euro STOXX 50
3,526.99 +0.34%
DAX
12,419.9 +0.47%
Ftse Mib
21,835.04 -0.31%


Eni
14.338 -0.08%


Total
48.03 +0.23%


Engie
14.05 +0.72%

Orange
13.52 +0.97%



Bp
523 -0.11%

Vodafone
146 +10.61%

Royal Dutch Shell A
2,548 +0.33%


Royal Dutch Shell B
2,554 +0.45%

[waldron] 25/7/2019 16:51

Brent Crude Oil NYMEX 63.77 +0.93%
Gasoline NYMEX 1.83 +1.53%
Natural Gas NYMEX 2.22 +0.95%
(WTI) 56.48 USD +0.91%


FTSE 100
7,489.05 -0.17%
Dow Jones
27,176.81 -0.34%
CAC 40
5,578.05 -0.50%
SBF 120
4,406.46 -0.47%
Euro STOXX 50
3,515.01 -0.55%
DAX
12,362.1 -1.28%
Ftse Mib
21,937.98 -0.64%


Eni
14.35 -0.44%

Total
47.92 -1.09%

Engie
13.95 -0.61%

Orange
13.39 +1.79%


Bp
523.6 +0.02%

Vodafone
132 +0.18%

Royal Dutch Shell A
2,539.5 -0.08%


Royal Dutch Shell B
2,542.5 -0.12%

[waldron] 25/7/2019 13:27

SEPT/27 2019
Ex-Dividend date for the 1st 2019 interim Dividend

[ariane] 25/7/2019 08:51

(Bloomberg) -- Total SA’s second-quarter profit fell short of estimates as a sharp drop in the price of natural gas, and a lesser decline in oil, more than offset record hydrocarbon production.

Adjusted net income was almost a fifth lower than a year earlier, but cash flow rose and the French giant went ahead with a planned share buyback. While trade tensions and signs of a global economic slowdown have weighed on commodity prices in recent months, years of cost cuts have improved energy companies’ resilience and they continue to boost shareholder returns.

Total would have been able to cover its expenditures and dividends at an oil price of less than $50 a barrel, well below the current level, Chief Executive Officer Patrick Pouyanne said in a statement on Thursday.

Total’s adjusted net income fell to $2.89 billion from $3.55 billion a year earlier, according to the company, which is based near Paris. Analysts polled by Bloomberg had forecast $2.98 billion on average.

Oil and gas production climbed 9% from a year earlier to 2.957 million barrels equivalent a day. Sales of liquefied natural gas more than doubled to 8.5 million tons, due to last year’s acquisition of Engie SA assets and to the ramp-up of projects in Australia and Russia.

Record output wasn’t enough to compensate for a sharp drop in natural gas prices, with key benchmarks in Europe and Asia more than 40% lower than a year earlier. Warm winter weather crimped demand, while additional supplies came onto the market from Russia, Australia and North America.

Other major energy companies are also expected to suffer from the slump in gas prices, with Royal Dutch Shell Plc and BP Plc predicted to report lower earnings next week. Russia’s largest LNG producer, Novatek PJSC, posted a decline in second-quarter revenue on Wednesday.

Operating cash flow before working capital charges, a measure of oil majors’ ability to keep paying generous dividends and investing in growth, rose 5% to $6.71 billion. Total is on track to complete its $1.5 billion share buyback target this year. Its interim payout was unchanged from the previous quarter at 0.66 euros ($0.74) a share.

To cement future growth, Total agreed in May to buy the African assets of Anadarko Petroleum Corp., which include a giant LNG project in Mozambique as well as producing oil and gas fields in Ghana and Algeria, for $8.8 billion. Earlier this year, it took a stake in the Arctic LNG 2 project in Russia, reinforced its commitment to Tellurian Inc.’s project in the U.S., and made progress on a venture in Papua New Guinea.

Pouyanne said the company will sell $5 billion of other assets from 2019 to 2020. Most of those will be in exploration and production, including areas with high technical costs such as the recently divested North Sea fields.

The downstream division, which has been undermined in recent months by a pipeline issue in France and tainted Russian oil supplies in Germany, should benefit from the restart of the Grandpuits and Leuna refineries, the company said.

To contact the reporter on this story: Francois de Beaupuy in Paris at [e-mail]

To contact the editor responsible for this story: James Herron at [e-mail]

For more articles like this, please visit us at bloomberg.com

[waldron] 25/7/2019 07:29

Total SA (FP.FR) said late Wednesday that it has signed an agreement with the Republic of Benin and its national electricity company Societe Beninoise d'Energie Electrique to import liquified natural gas to the country.

Under the agreement, Total will develop an offshore regasification platform to convert LNG imports back into gas and a pipeline to transport the gas to shore.

The French oil major agreed to supply up to 500,000 metric tons of LNG a year from its global portfolio to Benin, starting in 2021.

"Access to LNG will help Benin to meet growing domestic energy demand and add more natural gas to the country's current energy mix," Senior Vice President Gas Laurent Vivier said.

Total recently acquired Anadarko Petroleum Corp.'s (APC) extensive portfolio of African LNG assets, including fields in Ghana, Mozambique and South Africa.



Write to Nathan Allen at [e-mail]



(END) Dow Jones Newswires

July 25, 2019 01:43 ET (05:43 GMT)

[waldron] 24/7/2019 17:00

Brent Crude Oil NYMEX 64.15 +0.50%
Gasoline NYMEX 1.83 +0.62%
Natural Gas NYMEX 2.20 -3.16%
(WTI) 56.91 USD -0.25%


FTSE 100
7,501.46 -0.73%
Dow Jones
27,227.24 -0.45%
CAC 40
5,608.67 -0.17%
SBF 120
4,427.17 -0.11%
Euro STOXX 50
3,534.47 -0.08%
DAX
12,522.89 +0.26%
Ftse Mib
22,066.88 +0.51%

Eni
14.414 +0.17%


Total
48.45 -0.84%


Engie
14.035 +0.50%

Orange
13.155 -0.49%


Bp
523.5 -0.72%

Vodafone
131.76 +0.73%

Royal Dutch Shell A
2,541.5 -0.94%


Royal Dutch Shell B
2,545.5 -0.95%

[waldron] 24/7/2019 09:12

French energy firm Total picks up 50 per cent stake in Dhamra LNG Terminal
P. Manoj MUMBAI | Updated on July 24, 2019 Published on July 24, 2019

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First deal after announcing partnership with Adani Group last year

French oil and gas giant Total SA has taken a 50 per cent stake in Dhamra LNG Terminal Pvt Ltd (DLTPL), a unit of Adani Ports and Special Economic Zone Ltd (APSEZ), which is constructing a 12 million tonne per annum (mtpa) LNG regasification terminal at its port located at Dhamra in Odisha's Bhadrak district.

BusinessLine could not ascertain the value of the deal, the first after the New York Stock Exchange-listed French multinational and the world’s second biggest private LNG firm, announced a joint venture in October 2018 with the Adani Group to develop multi-energy offerings for the Indian market, including LNG and fuel retailing, multiple sources said.

Total could not be reached immediately for comment, while a comment from APSEZ is awaited.

The LNG terminal at Dhamra is being built with an investment of Rs 5,200 crore. APSEZ-owned Dhamra Port Co Ltd has applied to the expert appraisal committee (EAC) attached to the Ministry of Environment, Forest and Climate Change, to transfer the environment and coastal regulation zone clearances for the 12 mtpa terminal in favour of the LNG terminal company, according to documents reviewed by BusinessLine.

Read also: Total to acquire stake in LNG import terminals and city gas distribution projects

The LNG terminal is set to start operations by mid-2021. Apart from meeting local demand for gas, the terminal is of strategic importance for gas supply to neighbouring Bangladesh, Myanmar and Nepal.

The Dhamra terminal can supply Bangladesh 3-5 mtpa (Dhamra to Bangladesh is less than 300 nautical miles by sea and the distance by road to eastern Bangladesh is under 500 km).
IOC, GAIL offtake agreement

India’s biggest oil refiner, Indian Oil Corporation, and the country’s largest natural gas firm, GAIL (India) Ltd, have separately signed long-term offtake agreements with Dhamra LNG Terminal for re-gasified LNG.

IOC has booked 3 mtpa regasification capacity for 20 years at the Dhamra facility on a use or pay basis, helping the state-run oil refiner supply gas to its refineries in Paradip, Haldia and Barauni.

GAIL India has booked 1.5 mtpa regasification capacity for 20 years on a use or pay basis. GAIL plans to supply the gas to its customers located in the eastern region and along the Jagdishpur– Haldia gas grid, which is under development.

Initially, the terminal will have two full containment type tanks of 180,000 cubic metre capacity each.

The LNG terminal will have a 18-metre draft jetty capable of handling a wide range of LNG supply vessels, including the largest Q-max (266,000 cubic metre) fleet from Qatar, thereby optimising sea transportation. The terminal will be capable of reloading LNG to service proximate markets via the marine route and will also have truck loading gantries to help grow the nascent LNG by truck market.

India is seeking to cut its carbon emissions rate by a third by 2030, partly by boosting the use of cleaner fuels such as LNG. The shift to cleaner fuels such as LNG is also aimed at honouring India’s commitment to the Paris accord on climate change.

By expanding the use of LNG, India is also looking to change course to a gas-based economy. It is seeking to raise gas share to 15 per cent in the primary energy mix, from 6 per cent by 2022. India currently has four LNG terminals and imports around 20 mtpa LNG, which it plans to increase to 70 mtpa by 2025.

This shift has positive implications not only from a climate change point of view, but also from a fiscal stand point, given India’s huge crude import bill.

The cost advantages of LNG are such that for a 4 per cent replacement of crude imports with LNG, India will save $1 billion in foreign exchange annually.

India’s LNG imports are estimated to rise in the face of declining domestic production of gas, rendering LNG import and re-gasification terminals such as the one being constructed at Dhamra a necessity. Assuming domestic gas production at 123–138 mmscmd, India’s LNG imports is estimated to touch about 250 mmscmd or nearly 70 MTPA by 2025.

[waldron] 23/7/2019 16:54

Brent Crude Oil NYMEX 63.24 +1.23%
Gasoline NYMEX 1.80 +0.22%
Natural Gas NYMEX 2.29 +2.65%
(WTI) 56.16 USD +0.12%



FTSE 100
7,556.86 +0.56%
Dow Jones
27,229.6 +0.21%
CAC 40
5,618.16 +0.92%
SBF 120
4,431.99 +0.95%
Euro STOXX 50
3,537.14 +1.42%
DAX
12,490.74 +1.64%
Ftse Mib
21,972.03 +1.09%


Eni
14.39 +0.52%

Total
48.86 +1.38%


Engie
13.965 +1.05%

Orange
13.22 +0.49%



Bp
527.3 +0.82%

Vodafone
130.8 +1.92%

Royal Dutch Shell A
2,565.5 +0.39%

Royal Dutch Shell B
2,570 +0.18%

[waldron] 23/7/2019 16:53

7/23/2019 | 02:26pm BST

By Nathan Allen

Qatar Petroleum said Tuesday that it will take a 25% stake in three exploration blocks, currently held jointly by Eni and Total.

Under the terms of the deal Qatar Petroleum said it will take a share in the L11A, L11B and L12 blocks, in deep water offshore Kenya.

Eni, which is the operator of the blocks, has agreed to sell a 13.75% stake, while Total will sell an 11.25% stake.

Following the transaction's close Eni will hold 41.25%, Total will hold 33.75% and Qatar Petroleum will hold 25%.

Write to Nathan Allen at [e-mail]

[waldron] 22/7/2019 16:52

Brent Crude Oil NYMEX 63.24 +1.23%
Gasoline NYMEX 1.80 +0.22%
Natural Gas NYMEX 2.29 +2.65%
(WTI) 56.16 USD +0.12%

FTSE 100
7,514.93 +0.08%
Dow Jones
27,122.59 -0.12%
CAC 40
5,567.02 +0.26%
SBF 120
4,390.49 +0.23%
Euro STOXX 50
3,487.69 +0.23%
DAX
12,289.4 +0.24%
Ftse Mib
21,699.9 +0.27%


Eni
14.316 +0.68%

Total
48.195 -0.01%

Engie
13.82 +0.51%

Orange
13.155 -0.53%


Bp
523 +1.02%

Vodafone
128.34 -0.77%

Royal Dutch Shell A
2,555.5 +0.65%

Royal Dutch Shell B
2,565.5 +0.90%