Total Share Discussion Threads

[grupo guitarlumber] 16/9/2019 08:15

Tullow Oil PLC (TLW.LN) on Monday said that it made its second discovery offshore Guyana after successful drilling at the Joe-1 exploration well.

The oil-and-gas company said evaluation of logging and sampling data has confirmed that Joe-1 encountered 14 meters of net oil pay in high-quality oil-bearing sandstone reservoirs.

The discovery de-risks the petroleum system that Tullow and its partners are targeting in the west of the Orinduik block.

In August, Tullow said its Jethro-1 exploration well, also located on the Orinduik block, had encountered 55 meters of net oil pay. A pay is a section of a reservoir that contains economically viable recoverable oil or gas.

Tullow is the operator of the Orinduik block via its wholly owned subsidiary Tullow Guyana B.V. and holds a 60% stake. A subsidiary of Total S.A. (FP.FR) holds a 25% stake, while the remaining 15% is held by Eco Atlantic Oil & Gas Ltd. (EOG.V).

The company said it and its partners will now evaluate data from the Joe-1 and Jethro-1 discoveries. It also said it will await the outcome of the Carapa well, which it doesn't operate and where it holds a 37.5% stake, on the Kanuku license offshore Guyana.



Write to Oliver Griffin at [e-mail]; @OliGGriffin



(END) Dow Jones Newswires

September 16, 2019 02:35 ET (06:35 GMT)

[grupo guitarlumber] 16/9/2019 07:54

Total: Berenberg remains with a BUY but reduces target from 60 to 56.50 EUR.

[waldron] 16/9/2019 06:59

Renewables/Energy Transition
Total’s ‘strong position’ in Aberdeen spurring offshore wind plans
by David McPhee
16/09/2019, 6:00 am

Total CEO Patrick Pouyanne Photographer: Marlene Awaad/Bloomberg
Total CEO Patrick Pouyanne Photographer: Marlene Awaad/Bloomberg
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French oil and gas giant Total has said its “strong industrial position” in Aberdeen has spurred on its decision to move into the Scottish offshore wind market in the North Sea.

The company’s boss, Patrick Pouyanne, revealed earlier this month that Total “intends to participate” in the upcoming ScotWind leasing round.

He said Total was looking at both the offshore wind and floating wind markets.

A spokesman for Total confirmed the firm’s plans last night, adding that the company was “moving fast” in developing its offshore wind plans.

He said the move was provoked by Total’s existing presence in Aberdeen and the “synergiesR21; between oil and gas and floating offshore wind.
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Total announced this year that it would also partner with Danish offshore wind firm Orsted to submit a bid for a 600 megawatt (MW) Dunkirk offshore wind project in France.

Oil supermajor Shell also confirmed this month that the firm was “absolutely221; targeting the North Sea for future big offshore wind development.

The company’s energy transition manager, Joanna Coleman, said Shell was “very keen” to enter the sector due to the “huge amount of transferable skills” from the oil and gas sector.

A spokesman for Total said: “Total is moving fast in developing our low carbon electricity footprint and is interested in the offshore wind industry.

“The British market is among our targets, with the coming lease auctions.

“The Scottish tender with its mix of floating and bottom fixed offshore wind zones is a particularly challenging opportunity, where Total intends to participate, given its strong industrial positions in Aberdeen and synergies between Oil and Gas and Floating Offshore Wind.”

Energy Voice

[waldron] 13/9/2019 18:32

Brent Crude Oil NYMEX 60.32 -0.10%
Gasoline NYMEX 1.54 +0.24%
Natural Gas NYMEX 2.62 +0.38%
(WTI) 55.03 USD -0.04%


FTSE 100
7,367.46 +0.31%
Dow Jones
27,236.56 +0.20%
CAC 40
5,655.46 +0.22%
SBF 120
4,467.63 +0.38%
Euro STOXX 50
3,550.11 +0.25%
DAX
12,468.53 +0.47%
Ftse Mib
22,188.11 +0.48%

Eni
14.044 +1.04%

Total
46.63 +0.11%

Engie
13.7 -1.72%

Orange
13.87 +0.04%

IAG
Price (GBX) 457.30 +0.24% (Up +1.10)


Bp
504.4 +0.08%

Vodafone
161.42 +0.27%

Royal Dutch Shell A
2,282.5 -0.33%

Royal Dutch Shell B
2,279.5 -0.15%

[waldron] 12/9/2019 17:29

Brent Crude Oil NYMEX 59.77 -1.71%
Gasoline NYMEX 1.54 -2.08%
Natural Gas NYMEX 2.57 -0.66%
(WTI) 54.67 USD -2.64%


FTSE 100
7,344.67 +0.09%
Dow Jones
27,234.21 +0.36%
CAC 40
5,618.06 +0.00%
SBF 120
4,450.66 +0.44%
Euro STOXX 50
3,538.86 +0.71%
DAX
12,410.25 +0.41%
Ftse Mib
22,106.65 +0.98%



Eni
13.9 -1.24


Total
46.58 -1.20%

Engie
13.94 +2.54%

Orange
13.865 +1.76%

Bp
504 -1.58%

Vodafone
160.98 +1.25%

Royal Dutch Shell A
2,290 -0.67%

Royal Dutch Shell B
2,283 -0.67%

[the grumpy old men] 12/9/2019 11:20

SEPT/24
Strategy & Outlook Presentation 2019 in New York (USA)



Ex-Dividend date for the 1st 2019 interim Dividend
27/09/2019

01/10/2019 PAYDAY 0.66€

[the grumpy old men] 12/9/2019 11:07

12/09/2019 | 10:09
Jefferies has confirmed BUY with target of 57 euros on Total.


According to Jefferies, the September 24 investor meeting might be the ideal opportunity for TOTAL to confirm its growth targets .

[waldron] 11/9/2019 17:54

Brent Crude Oil NYMEX 60.68 -2.73%
Gasoline NYMEX 1.55 -1.73%
Natural Gas NYMEX 2.61 -0.31%
(WTI) 56.04 USD -3.30%


FTSE 100
7,338.03 +0.96%
Dow Jones
27,002.57 +0.35%
CAC 40
5,618.06 +0.44%
SBF 120
4,431.08 +0.52%
Euro STOXX 50
3,516.82 +0.50%
DAX
12,359.07 +0.74%
Ftse Mib
21,861.65 -0.03%



Eni
14.074 -0.20%


Total
47.145 -0.49%

Engie
13.595 +0.37%

Orange
13.625 +0.81%


INTERNATIONAL CONSOLIDATED AIRLINES GROUP (IAG)
451.85 GBp +2.53%


Bp
512.1 -0.12%

Vodafone
159 +0.81%

Royal Dutch Shell A
2,305.5 -0.95%

Royal Dutch Shell B
2,298.5 -0.88%

[the grumpy old men] 11/9/2019 09:09

Total: HSBC remains with BUY but reduces target from 56 to 51.50 EUR.

[waldron] 10/9/2019 17:17

Brent Crude Oil NYMEX 63.59 +1.60%
Gasoline NYMEX 1.61 +1.39%
Natural Gas NYMEX 2.63 +0.23%
(WTI) 58.45 USD +0.33%


FTSE 100
7,267.95 +0.44%
Dow Jones
26,829.73 -0.02%
CAC 40
5,593.21 +0.08%
SBF 120
4,408.26 +0.02%
Euro STOXX 50
3,498.99 +0.15%
DAX
12,268.71 +0.35%
Ftse Mib
21,901.41 -0.40%


Eni
14.102 +1.29%


Total
47.375 +2.27%

Engie
13.545 +1.20%

Orange
13.515 +0.45%

IAG
Price (GBX) 440.70 +4.06% (Up +17.20)

Bp
512.7 +1.56%

Vodafone
157.72 +1.41%

Royal Dutch Shell A
2,327.5 +2.24%

Royal Dutch Shell B
2,319 +2.27%

[waldron] 09/9/2019 17:02

Brent Crude Oil NYMEX 62.80 +1.90%
Gasoline NYMEX 1.59 +1.05%
Natural Gas NYMEX 2.63 +2.98%
(WTI) 58.13 USD +2.29%


FTSE 100
7,235.81 -0.64%
Dow Jones
26,866.14 +0.26%
CAC 40
5,588.95 -0.27%
SBF 120
4,407.23 -0.27%
Euro STOXX 50
3,493.71 +0.05%
DAX
12,226.1 +0.28%
Ftse Mib
21,987.07 +0.18%



Eni
13.922 +1.10%


Total
46.325 +1.19%


Engie
13.385 -1.98%

Orange
13.455 -1.72%

INTERNATIONAL CONSOLIDATED AIRLINES GROUP (IAG)
424.6 GBp -1.28%

Bp
504.8 +0.76%

Vodafone
155.52 -0.15%

Royal Dutch Shell A
2,276.5 +0.75%


Royal Dutch Shell B
2,267.5 +0.51%

[waldron] 06/9/2019 16:53

Brent Crude Oil NYMEX 60.67 -0.46%
Gasoline NYMEX 1.55 +0.42%
Natural Gas NYMEX 2.54 +1.81%
(WTI) 55.75 USD -0.91%

FTSE 100
7,282.34 +0.15%
Dow Jones
26,802.52 +0.28%
CAC 40
5,603.99 +0.19%
SBF 120
4,419.37 +0.11%
Euro STOXX 50
3,492.01 +0.28%
DAX
12,191.73 +0.54%
Ftse Mib
21,966.05 +0.05%

Eni
13.77 -0.71%

Total
45.78 -0.96%

Engie
13.655 -0.73%

Orange
13.69 -0.15%

INTERNATIONAL CONSOLIDATED AIRLINES GROUP (IAG)
430.1 GBp -0.35%



Bp
501 -1.18%

Vodafone
155.76 +1.33%

Royal Dutch Shell
2,259.5 -1.09%

Glaxosmithkline
1,715.2 +0.79%

Rio Tinto
4,237 +0.39%

Royal Dutch Shell
2,256 -1.01%

[the grumpy old men] 06/9/2019 14:59

SHARECAST

Shell, BP, Equinor and Total not aligned with Paris climate agreement
ep estacionservicio shell 20190822124303
ShellSHELL - Archivo
BP
497.92
14:43:38 06/09/19
-1.79%
-9.08

Major oil and gas companies such as Shell, BP, Equinor and Total are not aligned with the Paris climate agreement and are in fact undermining the fight against the climate crisis with investments worth $50bn in fossil fuel projects, new research alleged.
FTSE 100
7,262.80
14:43:39 06/09/19
-0.12%
-8.37
FTSE 350
4,043.96
14:43:39 06/09/19
-0.09%
-3.49
FTSE All-Share
3,987.44
14:43:36 06/09/19
-0.08%
-3.21

Multiple projects that started up just last year involved extracting oil and gas from tar sands, deepwater fields and the Arctic despite the risks to the climate and shareholder returns.

According to a report by Carbon Tracker, those projects would not deliver adequate returns in a low-carbon world and yet they were approved.

Shell’s $13bn LNG Canada project and BP, Total, ExxonMobil and Equinor’s Zinia 2 project in Angola were among the best examples of such projects.

Already approved oil and gas projects will see the worldwide increase in temperatures surpass 1.5ºC, assuming carbon capture and storage remains sub-scale, the report said.

Andrew Grant, the author of the report, said: “Every oil major is betting heavily against a 1.5C world and investing in projects that are contrary to the Paris goals.

“Investors should challenge companies’ spending on new fossil fuel production. The best way to both preserve shareholder value in the transition and align with climate change goals will be to focus on low-cost projects that will deliver the highest returns.”

[waldron] 05/9/2019 16:57

Brent Crude Oil NYMEX 62.14 +2.37%
Gasoline NYMEX 1.57 +2.59%
Natural Gas NYMEX 2.48 -0.64%
(WTI) 57.46 USD +2.64%

FTSE 100
7,271.17 -0.55%
Dow Jones
26,816.26 +1.75%
CAC 40
5,593.37 +1.11%
SBF 120
4,414.43 +1.08%
Euro STOXX 50
3,482.24 +0.91%
DAX
12,126.78 +0.85%
Ftse Mib
21,936 +0.91%



Eni
13.868 +1.45%

Total
46.225 +1.81%


Engie
13.755 -0.72%

Orange
13.71 -0.54%


INTERNATIONAL CONSOLIDATED AIRLINES GROUP (IAG)
429.7 GBp +1.30%


Bp
507 +0.00%

Vodafone
153.72 -2.06%

Royal Dutch Shell A
2,284.5 -0.35%

Royal Dutch Shell B
2,279 -0.04%

[florenceorbis] 05/9/2019 08:24

PARIS (Aged-Dow Jones) - Oil group Total announced Thursday that it has approved, along with the other shareholders of the project, the final investment decision of Arctic LNG 2, a major development of liquefied natural gas (LNG) located in Russia.


"The project will have a production capacity of 19.8 million tonnes per year (Mtpa) and the first Arctic LNG 2 LNG cargo is expected by 2023. The second and third trains will start in 2024 and 2026, respectively." said the oil group.


Total holds a 10% working interest in Arctic LNG 2 alongside Novatek (60%), CNOOC (10%), CNPC (10%) and a Mitsui-Jogmec consortium, Japan Arctic LNG (10%). Total also owns an indirect 11.6% interest in the project through its 19.4% stake in Novatek, with a total economic interest in the project of 21.6%.


-Julien Marion, Agefi-Dow Jones; [phone]; [e-mail] ed: VLV


Agefi-Dow Jones The financial newswire


(END) Dow Jones Newswires


September 05, 2019 02:29 ET (06:29 GMT)

[ariane] 04/9/2019 18:51

Total Suspends Planned $3.5 billion Uganda-Tanzania Oil Pipe

Fred Ojambo and Paul Burkhardt, Bloomberg News








GASCOYNE, ND - OCTOBER 14: Miles of unused pipe, prepared for the proposed Keystone XL pipeline, sit in a lot on October 14, 2014 outside Gascoyne, North Dakota. (Photo by Andrew Burton/Getty Images)

GASCOYNE, ND - OCTOBER 14: Miles of unused pipe, prepared for the proposed Keystone XL pipeline, sit in a lot on October 14, 2014 outside Gascoyne, North Dakota. (Photo by Andrew Burton/Getty Images) , Photographer: Andrew Burton/Getty Images North America

(Bloomberg) -- Total SA has suspended its planned $3.5 billion crude export pipeline from Uganda to Tanzania after the collapse of a deal to buy a stake in Tullow Oil Plc’s oil fields in Uganda.

The French oil major has terminated all activities related to the 1,445-kilometer (898-mile) conduit from its oil fields in Uganda to Tanga in Tanzania because shared ownership in the project was to be determined upon the completion of the Tullow deal, an official familiar with the project at Total’s Ugandan office said.

Last week, Tullow Oil was forced to abandon plans to sell a stake in its Ugandan project to Total and China’s Cnooc Ltd. and restart the process from scratch after tax negotiations stymied the deal. The termination of the agreement was a blow to Tullow, which had sought partners to help it develop about 1.5 billion barrels of recoverable oil in its Ugandan fields.

Total E&P Uganda, which was leading the pipeline project, dismissed employees who were set to undertake works on it, the official said. The explorer was involved in initial land acquisition in both countries, the official said.

Cnooc Uganda Ltd., which is jointly developing the country’s crude finds, suspended at least 12 employees following delays on the project, a company official familiar with the matter said by phone without providing further details.

Total did not immediately respond to a request for comment.

--With assistance from Francois de Beaupuy.

To contact the reporters on this story: Fred Ojambo in Kampala at [e-mail];Paul Burkhardt in Johannesburg at [e-mail]

To contact the editors responsible for this story: James Herron at [e-mail], Helen Robertson, Rakteem Katakey

[waldron] 04/9/2019 16:57

Brent Crude Oil NYMEX 60.41 +3.69%
Gasoline NYMEX 1.52 +3.59%
Natural Gas NYMEX 2.44 +1.84%
(WTI) 56.02 USD +4.07%


FTSE 100
7,311.26 +0.59%
Dow Jones
26,332.33 +0.82%
CAC 40
5,532.07 +1.21%
SBF 120
4,367.16 +1.20%
Euro STOXX 50
3,450.82 +0.99%
DAX
12,025.04 +0.96%
Ftse Mib
21,748.62 +1.63%



Eni
13.67 +0.50%


Total
45.405 +1.41%


Engie
13.855 +0.11%

Orange
13.785 -0.25%

INTERNATIONAL CONSOLIDATED AIRLINES GROUP (IAG)
424.7 GBp +1.68%


Bp
507 +0.82%

Vodafone
156.96 -0.60%

Royal Dutch Shell A
2,292.5 +0.57%

Royal Dutch Shell B
2,280 +0.46%

[the grumpy old men] 04/9/2019 09:58

seekingalpha


Total S.A.: What Works For It And What Does Not
Sep. 4, 2019 3:58 AM ET |
About: TOTAL S.A. (TOT)
Gaurav Agnihotri
Gaurav Agnihotri
Oil & gas, energy

(845 followers)
Summary

Total S.A. has a strong, diversified portfolio.

The company's earnings fell across its business segments in 2Q19.

Total S.A.'s core fundamentals look strong.

In my opinion, Total S.A. (TOT) is one energy stock that can be considered by investors as a long-term investment option. The company has a strong, diversified portfolio with interests in exploration, production, petrochemicals, LNG, chemicals and renewable energy. On July 25, 2019, the Paris-based energy major released its 2Q19 earnings results, which were below market expectations.

In my earlier article on Total S.A., I had presented a bullish case for the company. From strong operating cash flows to expanding its operations in resource-rich Middle East, there was a lot going in favor of the French major in 2018. However, its latest earnings results project a different story altogether. Total S.A.'s net income fell by 26% YOY in 2Q19, while its revenues went down by 2% YoY. Still, this performance isn't outrightly bad, let me explain how.

Image Source : Total S.A. 2Q19 earnings
What is going wrong for Total S.A.?

Investors must note that Total S.A.'s earnings fell across all its business segments, something that should worry the company’s management and investors. Total S.A.'s hydrocarbon production increased by 9% YoY (supported by start-ups of new projects in Africa), but thanks to low oil and natural gas prices, the Exploration and Production segment reported a 13% YoY drop in its adjusted net operating income (of $2 billion) in 2Q19. This was disappointing, as Exploration and Production segment is Total S.A.'s biggest cash cow.

The story was not very different for its Integrated Gas Renewables and Power segment (iGRP). The segment's hydrocarbon production increased by 63% YoY and LNG sales increased by more than 100%, but the total adjusted operating net income declined by 24% YoY. And, as expected, low gas prices in Asia and Europe impacted these earnings. Even the Refining segment reported a 13% YoY decline, a result of lower refining margins and low refinery throughput. Earnings wise, this was indeed a bad quarter for Total S.A.

Besides, the latest earnings highlight how oil and gas prices affect Total S.A.'s financial performance, when compared to other energy majors like Chevron (NYSE:CVX) and BP (NYSE:BP). Both Chevron and BP reported (relatively) better earnings in 2Q19 when compared to Total S.A. In fact, the latest results reveal that Total S.A. is more vulnerable to cyclicality in oil prices when compared to CVX and BP.
What works in favor of Total S.A.?

One aspect that makes Total S.A. different from other energy majors, is its formidable presence in Africa. Total S.A. has significant investments in Angola and Nigeria, which allows it to leverage the growing energy demand in these two countries. Besides, Total S.A. had made some smart strategic moves in Africa. One of them was acquiring U.S.-based Anadarko’s (NYSE:APC) African assets. Total S.A. signed an agreement with Occidental to acquire Anadarko’s African assets. With this acquisition, Total S.A. will be able to leverage its strength by getting hold of a multi- billion-dollar LNG project in Mozambique. Investors must note that Anadarko’s African assets also include oil and natural gas projects in Algeria and Ghana, thereby making this a highly attractive deal. Deals like these will continue to support Total S.A.'s E&P and iGRP segment, the biggest cash cows for the company.

Another factor going in favor of Total S.A. is its operating cash flows. Total S.A.'s Exploration and Production segment reported an operating cash flow of $9.1 billion (5% YoY growth) in 1H19, while iGRP segment’s operating cash flow grew by 67% YoY to be at $1.48 billion in 1H19. Not bad at all! Total S.A.'s net cash flow during the first half of 2019 stood at $6.2 billion, which was 22% higher than last year. This indicates that the company has sufficient funds to grow operations in its core business, despite reduced earnings in 2Q19. I won't be surprised if the company goes for another round of strategic investments in Africa or the Middle East (in the near future). However, Total S.A. needs to work towards improving its earnings. And, this can only be achieved by gradually reducing its dependence on the E&P segment (which is closely related to oil price) and increasing investments in its iGRP segment.
Conclusion

Total S.A.'s earnings per share fell by 20% to $1 in 2Q19, and its earnings fell across all business segments (as stated earlier). When I look at this aspect, Total S.A.'s current performance looks bad. However, Total S.A.'s core fundamentals still remain strong. Its operating cash flows are increasing, new investments are on track and its hydrocarbon production is growing too.

Besides, Total S.A. will increase its 2019-dividend by 3.1%, resulting in a total dividend increase of 6.5% since 2007, which will be in line with the company's target of increasing its dividend by 10% (from 2018 to 2020). These factors reinstate my faith in the stock and its long-term growth potential. Total S.A. was trading at $49.53 at the time of writing this article. In the short term, expect this stock to be in the range of $50-54 by 2Q20, once oil prices increase from the current levels.

[waldron] 03/9/2019 16:53

Brent Crude Oil NYMEX 57.63 -1.67%
Gasoline NYMEX 1.46 -3.00%
Natural Gas NYMEX 2.39 +1.96%
(WTI) 53.41 USD -2.29%


FTSE 100
7,268.19 -0.19%
Dow Jones
26,076.6 -1.24%
CAC 40
5,466.07 -0.49%
SBF 120
4,315.5 -0.56%
Euro STOXX 50
3,417.02 -0.42%
DAX
11,910.86 -0.36%
Ftse Mib
21,378.54 -0.34%


Eni
13.602 -0.80%


Total
44.775 -1.12%


Engie
13.84 -0.18%

Orange
13.82 -0.07%


INTERNATIONAL CONSOLIDATED AIRLINES GROUP (IAG)
419.2 GBp -1.41%


Bp
502.9 -0.18%

Vodafone
157.9 +0.79%

Royal Dutch Shell A
2,279.5 -0.72%


Royal Dutch Shell B
2,269.5 -0.42%

[waldron] 03/9/2019 16:40

MP Pension, a Danish pension fund with $20 billion in assets, on Tuesday said it will sell its shares in 10 of the world's largest oil companies as it aligns its interests with those of the Paris Agreement on climate change.

The company said it will sell shares worth a combined 644 million Danish kroner ($94.8 million) it holds in companies including the U.S.'s Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX), as well as European-based organizations like Royal Dutch Shell PLC (RDSB.LN), BP PLC (BP.LN) and Total SA(FP.FR).

The company said the combined stake represented more than two thirds of its oil equity investments.

MP Pension said it had assessed the companies, which include Russia's Rosneft Oil Co. (ROSN.MZ), Norway's Equinor ASA (EQNR.OS), and also companies in Brazil and China, and found that they aren't compatible with objectives as set out in the Paris Agreement, nor will they by the end of 2020.

As a result, the pension fund plans to sell its shares in the 10 oil companies, MP Pension said.

The news from MP Pension follows a decision in June by Norway's parliament to instruct the nation's $1 trillion sovereign-wealth fund to pull an estimated more-than $13 billion from oil, gas and coal companies. Instead, Norway's fund will pump up to $20 billion into renewable-energy projects and companies.

MP Pension sold its interests in coal and tar sands in 2018. Since then, the pension fund said, it has looked at how oil companies have performed in terms of the goals set by the agreement in Paris.

Fossil fuel companies that aren't performing in line with the climate accord have been cut, the company said, while those that are implementing strategies and designing their long-term business models to support the agreement are exempt from divestment.

MP Pension Chief Investment Officer Anders Schelde said his company had based its decision on an investment-related assessment of future returns of the sector.

"We [don't] believe that this sector can deliver a return on par with the rest of the market in the coming years. The demand for fossil fuels, including oil, will decrease as the green transition accelerates," Mr. Schelde said.



Write to Oliver Griffin at [e-mail]; @OliGGriffin



(END) Dow Jones Newswires

September 03, 2019 09:23 ET (13:23 GMT)