Total Share Discussion Threads

[adrian j boris] 03/9/2019 10:22

MELBOURNE, Australia--Papua New Guinea has cleared the way for Total SA (TOT) and its partners to push ahead with a proposed multibillion-dollar gas-export project, after securing concessions aimed at increasing future benefits for the country.

"The government has now cleared Total to proceed full steam ahead with the implementation of the Papua gas project," Petroleum Minister Kerenga Kua said in a statement Tuesday.



Write to Robb M. Stewart at [e-mail]



(END) Dow Jones Newswires

September 03, 2019 04:35 ET (08:35 GMT)

[waldron] 02/9/2019 16:50

Brent Crude Oil NYMEX 58.39 -1.45%
Gasoline NYMEX 1.50 -2.20%
Natural Gas NYMEX 2.35 +1.08%
(WTI) 54.55 USD -0.44%


FTSE 100
7,281.94 +1.04%
Dow Jones
26,403.28 LABOUR DAY HOLIDAY
CAC 40
5,490.05 +0.17%
SBF 120
4,336.92 +0.13%
Euro STOXX 50
3,431.33 +0.34%
DAX
11,953.78 +0.12%
Ftse Mib
21,434.99 +0.53%



Eni
13.722 +0.31%


Total
45.28 -0.24%


Engie
13.865 +0.29%

Orange
13.83 +0.22%


INTERNATIONAL CONSOLIDATED AIRLINES GROUP (IAG)
424.55 GBp +0.68%


Bp
503.8 +0.72%

Vodafone
156.66 +0.91%

Royal Dutch Shell A
2,296 +0.90%

Royal Dutch Shell B
2,279 +0.62%

[adrian j boris] 01/9/2019 20:05

Total to take another NYK LNG carrier on long-term charter
Home
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Gas
Total to take another NYK LNG carrier on long-term charter

September 2nd, 2019 Grant Rowles Grant Rowles Asia, Europe, Gas 0 comments

Japanese owner NYK says it has signed a new long-term contract with Total subsidiary Total Gas & Power Chartering Limited for one of its LNG carriers.

The vessel is currently under construction at Samsung Heavy Industries in South Korea, and is scheduled for delivery in 2021. It will be equipped with a WinGD dual-fuel slow-speed diesel engine have a capacity of 174,000 cu m.

NYK already has three LNG carriers under construction at Samsung committed to Total on charter, after signing deals in October and December last year.

All four vessels committed to Total are set for delivery in 2021.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

[la forge] 01/9/2019 11:32

Qatar Petroleum in deal for exploration in Namibia
DOHA, 5 hours, 33 minutes ago

Qatar Petroleum has entered into agreements with French oil and gas major Total for a share of exploration and production rights in two blocks offshore the Republic of Namibia.

Under the agreements, which are subject to customary regulatory approvals by the government of Namibia and approvals by the partners in the blocks, Qatar Petroleum will hold a 30 per cent participating interest in Block 2913B, with Total (the Operator) holding a 40 per cent participating interest.

The other partners in the block are Impact Oil (20 per cent), and Namcor (10 per cent). A first exploration well is scheduled to be drilled in the first half of next year.

Also under the agreements, Qatar Petroleum will hold a 28.33 per cent participating interest in Block 2912, with Total (the Operator) holding a 37.78 per cent participating interest. The other partners in the block are Impact Oil (18.89 per cent) and Namcor (15 per cent).

Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, and president & CEO of Qatar Petroleum, said: “We are pleased to expand our global exploration activities into Namibia, which further strengthens our presence in Africa. Working on these prospective frontier blocks with our valuable long-term partner, Total, will give another boost to our efforts towards implementing our international growth strategy.”

“We look forward to working together with the Namibian Government and with our partners in these blocks to achieve positive results that meet the interests of all parties,” he added.

Blocks 2913B and 2912 sit adjacent to one another offshore Namibia. Block 2913B is 2,600-3,300 meters deep with an area of about 8,215 sq km, while Block 2912 is 3,300-3,800 meters deep with an area of about 7,813 sq km. – TradeArabia News Service

[waldron] 30/8/2019 18:36

Total opens solar-powered retail service station in Morocco
08/30/2019
By ESI Africa
file

French multinational integrated oil and gas company Total has to date launched 1,000 service stations powered by solar energy, with the latest one opened in Marrakesh, Morocco.

The system has 134 square meters of photovoltaic panels to produce 45 MWh of power per year, which has the added benefit of reducing the retail outlet’s carbon emissions by 30 tons per annum.

Total launched the initiative to power service stations with solar systems in 2016. The energy firm plans to solarise some 5,000 service stations in 57 countries by installing solar panels at 1,000 service stations per annum.

This means more than a third of the company’s retail network stations worldwide will be equipped with high-efficiency SunPower solar panels.

Total will also solarize production sites, such as plants and refineries, and office buildings. This will add more than 200 MW of energy, enough to power 200,000 people, on the company’s energy capacity.

Momar Nguer, Total's president of marketing & services, commented: “Total service stations around the world are designed as one-stop shops offering customers tailor-made services that are easy to access and use. The service stations equipped with solar panels are more independent of the grid and showcase our know-how and expertise in renewable energies."

Consistent with Total’s ambition to become the responsible energy major, the programme will reduce our retail network’s carbon emissions by more than 50,000 tons per year, stated Nguer.

“Solarizing Total’s service stations is fully aligned with our strategy of generating and supplying distributed renewable electricity,” added Julien Pouget, senior vice-president for renewables at Total.

Total plans to build a portfolio of low-carbon businesses that will account for 15 to 20 percent of its sales by 2040.

(ESI Africa and Power Engineering are both part of the Clarion Energy team. Story reused with permission).

-- -- -- -- --

Renewable energy is an important part of the POWERGEN International content in the Knowledge Hubs on the exhibit floor. POWERGEN will cover solar, wind and hydro.

[waldron] 30/8/2019 17:03

Brent Crude Oil NYMEX 58.83 -2.74%
Gasoline NYMEX 1.51 -3.99%
Natural Gas NYMEX 2.29 -0.09%
(WTI) 54.88 USD -2.95%


FTSE 100
7,207.18 +0.32%
Dow Jones
26,374.63 +0.05%
CAC 40
5,480.48 +0.56%
SBF 120
4,331.27 +0.68%
Euro STOXX 50
3,419.57 +0.25%
DAX
11,939.28 +0.85%
Ftse Mib
21,276.15 -0.57%



Eni
13.68 +0.46%



Total
45.39 +0.87%


Engie
13.825 +0.22%

Orange
13.8 +0.62%


INTERNATIONAL CONSOLIDATED AIRLINES GROU (IAG)
420.6 GBp -1.13%



Bp
500.2 -0.54%

Vodafone
155.24 -0.40%

Royal Dutch Shell A
2,275.5 -0.91%

Royal Dutch Shell B
2,265 -1.03%

[maywillow] 30/8/2019 13:57

Oil majors and energy leaders to gather in Abu Dhabi for World Energy Congress

Total, Eni and BP among energy firms at the 24th edition of the congress in September
The future of transport and a focus on the end user of energy will be a big theme of Abu Dhabi's staging of the World Energy Congress. Satish Kumar / The National
Jennifer Gnana
Jennifer Gnana

August 30, 2019

At least a dozen international oil companies will descend on Abu Dhabi for the World Energy Congress in September as the UAE capital prepares to host top executives from Total, BP and Eni as well as energy policy makers.

The triennial summit, the flagship event of the London-based World Energy Council, will take place in the Arabian Gulf for the first time from September 9 to 12, attracting investors and thought leaders who will look into a future beyond hydrocarbons.
Read More

Global carbon emissions at their highest level in almost 10 years, says BP

UAE in prime position as hydrogen power revolution accelerates

“We’re not only focused on the source of energy, not oil and gas only, renewable energy only, [or] nuclear,” said Matar Hamad Al Neyadi, chairman of the 24th session of the congress.

"We’re focused on the end user of energy …..[on] transportation. DP World will come in with the Hyperloop. We’re focusing on insurance, looking at why insurance companies are hesitating to insure EVs [electronic vehicles],” said Mr Al Neyadi, who is also an undersecretary with the energy ministry.

With the energy industry coming under greater scrutiny as climate change and the future of transportation attract more attention and investment, this year’s congress will focus on the transition to green energy.

The World Energy Congress, which took place for the first time in 1924 in London, has played host to several distinguished contributors to the modern world’s energy industry, including Albert Einstein, who spoke at the summit in Berlin in 1930.

This year, the congress will add a second high-profile energy event, in addition to the annual Abu Dhabi International Petroleum Exhibition and Conference, to the UAE capital’s calendar. Opec and its allies are also convening for their joint technical committee meeting towards the end of the four-day event on September 12. Around 15,000 people are expected to attend this year's congress, including 70 ministers and 500 chief executives from 150 countries.

The event will kick off with a session exploring a future beyond petroleum with a conversation with former BP chief John Browne, who now heads L1 Energy. Day one will also open with ministerial speakers including the UAE energy minister Suhail Al Mazrouei, Saudi Arabia’s state minister of energy affairs Abdulaziz bin Salman Al Saud as well as UAE state minister and head of Abu Dhabi National Oil Company, Dr Sultan Al Jaber.

Heads of Total and Eni, Patrick Pouyanne and Claudio Descalzi, both major upstream players with an interest in adopting more sustainable energy, will talk about their pivot on day one, which will also see discussion on how hydrogen could be a fuel of the future.

Artificial intelligence will also be part of the dialogue, as will automation, which will be a focus for executives from EDF and telecoms manufacturer Huawei. The evolution of nuclear in the energy mix will also be explored.

Day two will kick-off with keynote addresses from Saudi energy minister Khalid Al Falih and Saudi Aramco chief Amin Nasser, with discussions for the latter half of the day focussed on gas as a transitional fuel for green economies.

The four-day event will wrap up with concluding remarks from Russian energy minister Alexander Novak, whose country will host the next edition of the congress in Moscow in 2022.

Updated: August 30, 2019 10:14 AM

[maywillow] 30/8/2019 13:22

45.538 EUR +0.93%


next resistances, 46.05,47.3150 and 48.1350p

support 45.02p

[florenceorbis] 30/8/2019 08:41

KAMPALA Uganda--Tullow Oil PLC (TLW.LN)'s new sales process to reduce its stake in Uganda's Lake Albert oil project must fulfill the country's tax obligations, Uganda's energy and minerals ministry said Friday.

The UK-based energy company said Thursday that its plans to sell a stake in its project in Uganda, which produces 230,000 barrels of oil a day, to Total S.A. (FP.FR) and CNOOC Ltd. (0883.HK) has been called off because it had been unable to reach certain agreements on taxes with Ugandan authorities. Tullow added that it plans to begin a new sales process to reduce its 33.33% stake in the assets.

But Ugandan authorities said tax obligations on the sale must be complied with, in accordance with Ugandan laws.

Uganda's latest stance could re-establish a standoff that has stalled the $900 million deal, initiated in 2017.

"We are ... confident that as Tullow moves to re-initiate a new sales process the joint-venture partners will remain committed to fulfilling their tax obligations," Robert Kasande, the ministry's permanent secretary, said in a statement. Mr.Kasande added that the government would continue working with the joint-venture partners to ensure the final investment decision on the projects is achieved at the earliest time, "in a manner that safeguards the country's interests and sovereignty."

Another standoff could potentially hamper the development of Uganda's already delayed oil fields, estimated to contain some 6 million barrels of crude.



Write to Nicholas Bariyo at [e-mail]



(END) Dow Jones Newswires

August 30, 2019 02:38 ET (06:38 GMT)

[grupo] 30/8/2019 08:04

Strengths

The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at EUR 42.09 EUR in weekly data.
Graphically speaking, the timing seems perfect for purchasing the stock close to the EUR 43.23 support.
The company has attractive valuation levels with a low EV/sales ratio compared with its peers.
With a P/E ratio at 0 for the current year and 0 for next year, earnings multiples are highly attractive compared with competitors.
This company will be of major interest to investors in search of a high dividend stock.
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

According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.
The company's earnings releases usually do not meet expectations.
For the last few months, analysts have been revising downwards their earnings forecast.
The underlying tendency is negative on the weekly chart below the resistance at 49.32 EUR

[waldron] 29/8/2019 16:49

Brent Crude Oil NYMEX 60.20 +0.45%
Gasoline NYMEX 1.58 +0.65%
Natural Gas NYMEX 2.29 +2.88%
(WTI) 56.42 USD +1.04%


FTSE 100
7,182.46 +0.95%
Dow Jones
26,332.65 +1.14%
CAC 40
5,450.19 +1.52%
SBF 120
4,302.13 +1.46%
Euro STOXX 50
3,411.12 +1.29%
DAX
11,835.73 +1.15%
Ftse Mib
21,386.86 +1.89%



Eni
13.618 +2.38%



Total
45 +1.55%

Engie
13.795 +1.06%

Orange
13.715 +0.99%



Bp
502.9 +0.83%

Vodafone
155.86 +2.02%

Royal Dutch Shell A
2,296.5 +0.70%

Royal Dutch Shell B
2,288.5 +0.79%

[waldron] 28/8/2019 17:01

Brent Crude Oil NYMEX 60.09 +1.80%
Gasoline NYMEX 1.57 +1.81%
Natural Gas NYMEX 2.25 +2.83%
(WTI) 56.08 USD +0.94%



FTSE 100
7,114.71 +0.35%
Dow Jones
25,967.8 +0.74%
CAC 40
5,368.8 -0.34%
SBF 120
4,240.18 -0.39%
Euro STOXX 50
3,367.64 +0.11%
DAX
11,701.02 -0.25%
Ftse Mib
21,004.44 +0.06%



Eni
13.38 +0.59%



Total
44.315 +0.80%

Engie
13.65 -0.07%

Orange
13.58 +0.44%



Bp
498.75 +2.19%

Vodafone
152.78 +0.99%

Royal Dutch Shell A
2,280.5 +1.45%

Royal Dutch Shell B
2,270.5 +1.23%

[waldron] 27/8/2019 16:46

Brent Crude Oil NYMEX 58.72 +0.03%
Gasoline NYMEX 1.52 +0.94%
Natural Gas NYMEX 2.20 -1.52%
(WTI) 54.01 USD +0.45%


FTSE 100
7,083.24 -0.17%
Dow Jones
25,885.32 -0.05%
CAC 40
5,378.44 +0.51%
SBF 120
4,249.82 +0.50%
Euro STOXX 50
3,364.4 +0.45%
DAX
11,708.35 +0.43%
Ftse Mib
20,962.72 +1.38%


Eni
13.304 +0.65%


Total
43.91 +0.16%

Engie
13.625 +0.93%

Orange
13.485 +0.37%


Bp
488.05 +0.01%

Vodafone
151.28 +0.63%

Royal Dutch Shell A
2,248 -0.82%


Royal Dutch Shell B
2,243 -0.40%

[waldron] 27/8/2019 08:02

Total (Paris:FP) (LSE:TTA) (NYSE:TOT) and Qatar Petroleum have further strengthened their international partnership by signing agreements under which Qatar Petroleum will farm into Total-held exploration acreage in Namibia, Guyana and Kenya. Following completion of the transactions, which are subject to approval by relevant authorities, Qatar Petroleum will partner with Total in each country as outlined below:



-- Namibia


Total will transfer to Qatar Petroleum a 30% interest in Block 2913B and retain a 40% interest. Total will also transfer to Qatar Petroleum 28.33% in Block 2912 and retain 37.78%. The deepwater blocks are located in the Orange Basin, offshore Namibia. A first exploration well is scheduled to be drilled next year on Block 2913B.



-- Guyana


Qatar Petroleum will have 40% of the company holding Total's existing 25% interests in the Orinduik and Kanuku blocks, adjacent to the Stabroek Block in the prolific offshore Guyana Basin. Total will retain the remaining 60% of this company. Following the Jethro discovery on the Orinduik license earlier this month, a second exploration well (Joe-1) is being drilled on the same block. A third (Carapa-1) is planned for later this year on the Kanuku license.



-- Kenya


With ENI, Total will transfer a combined 25% interest in Blocks L11A, L11B and L12 to Qatar Petroleum. Total's interest will be reduced from 45% to 33.75%. All three blocks are located in Kenya's deep offshore. An exploration well is planned for Block L11B in 2020.



"Following on from our first discovery together and the opening of a new gas province on the Brulpadda prospect in South Africa, the latest agreements are an important milestone in the long-standing partnership between Total and Qatar Petroleum," stated Arnaud Breuillac, President Exploration & Production at Total. "As their long-term partner in Qatar, where we have a well-established presence, we are committed to continuing to support Qatar Petroleum's international development, through partnership and collaboration, as we have successfully done in the past."



Qatar Petroleum became a shareholder of Total E&P Congo in 2013, acquiring 15% of its share capital. In 2018, Total transferred a 25% working interest to Qatar Petroleum in the 11B/12B license it operates in South Africa, site of the recent Brulpadda discovery.



About Total



Total is a major energy player that produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.



* * * *

[waldron] 26/8/2019 16:42

Brent Crude Oil NYMEX 59.24 -0.17%
Gasoline NYMEX 1.53 -0.05%
Natural Gas NYMEX 2.22 +2.82%
(WTI) 54.33 USD +2.28%



FTSE 100
7,094.98
Dow Jones
25,846.34 +0.85%
CAC 40
5,348.92 +0.41%
SBF 120
4,227.78 +0.35%
Euro STOXX 50
3,344.92 +0.11%
DAX
11,660.28 +0.42%
Ftse Mib
20,672.65 +0.97%





Eni
13.232 +0.68%

Total
43.835 +0.59%

Engie
13.49 +0.52%

Orange
13.45 +0.37%



Bp
488

Vodafone
150.34

Royal Dutch Shell A
2,266.5


Royal Dutch Shell B
2,252



AS YOU KNOW LONDON STOCK EXCHANGED CLOSED FOR BANK HOLIDAY
SO LOOKING FORWARD TO AN EXCITING UP DAY TOMORROW

[adrian j boris] 26/8/2019 13:36

26/08/2019 | 1:48 p.m.

Paris (awp / afp) - Total Group announced Monday the acquisition of Vents d'Oc, which develops renewable energy projects, mainly in wind power, strengthening its positions in France in this sector.

The acquisition was carried out by Quadran, Total's renewable electricity subsidiary in France, which will be renamed Total Quadran as of September 1st, the group said in a statement. The amount of the transaction was not disclosed.

Quadran's capacity today is more than 830 megawatts, with solar, wind and hydroelectric power plants.

For its part, Vents d'Oc is developing more than 200 MW of renewable energy projects.

Total indicates that this acquisition is part of its strategy to develop its activities in "low-carbon electricity", with the aim of seeing the latter represent from 15% to 20% of its sales by 2040.

Currently, Total's low-carbon electricity generation capacity in the world is close to 7 gigawatts, including more than 3 GW from renewable sources, the group said.

afp / buc

[adrian j boris] 26/8/2019 13:33

26/08/2019 | 2:21 p.m.
Total announces Monday inaugurate its 1,000th service station equipped with solar panels to provide electricity, installed it in Morocco.

"The commissioning of solar equipment on the roofs of the Total Palmeraie station in Marrakech (Morocco) marks a symbolic step in the development of the worldwide project to solarize the Group's service stations, launched at the end of 2016," the group said. .

The latter recalls having set itself the objective of "solarizing" 5,000 stations. "This deployment in 57 countries will intensify in the coming months to reach a rate of around 1,000 stations per year. More than a third of the Total network in the world will be equipped with high-performance solar panels, "explains Total.

[waldron] 23/8/2019 16:54

Brent Crude Oil NYMEX 58.84 -1.80%
Gasoline NYMEX 1.52 -1.93%
Natural Gas NYMEX 2.15 -0.55%
(WTI) 53.77 USD -3.08%


FTSE 100
7,094.98 -0.47%
Dow Jones
25,864.86 -1.48%
CAC 40
5,326.87 -1.14%
SBF 120
4,212.96 -1.10%
Euro STOXX 50
3,341.3 -0.80%
DAX
11,611.51 -1.15%
Ftse Mib
20,552.17 -1.27%


Eni
13.142 -1.28%


Total
43.58 -1.84%

Engie
13.42 -0.19%

Orange
13.4 -0.52%


Bp
488 -1.30%

Vodafone
150.34 -0.15%

Royal Dutch Shell A
2,266.5 -0.92%

Royal Dutch Shell B
2,252 -1.16%

[grupo] 23/8/2019 08:54

Total Petrochemicals & Refining USA on Thursday reported an equipment breakdown that led to above-normal gas emissions at its refinery in Port Arthur, Texas.

"A pump failure at Unit 821 resulted in the lifting of a pressure safety valve that sent process gases to the flare gas recovery system," the refinery said in a statement to the Texas Commission on Environmental Quality. "Operations started an alternate pump and began returning the unit to normal operations."

It said the emissions of nearly 1,800 pounds of sulfur dioxide happened Thursday morning and lasted about an hour.

The 225,000-barrel-a-day Total Port Arthur refinery is located 95 miles east of Houston.



Write to Dan Molinski at [e-mail]



(END) Dow Jones Newswires

August 22, 2019 12:40 ET (16:40 GMT)