Total Share Discussion Threads

[waldron] 14/10/2019 09:12

Total SA (FP.FR) has agreed to acquire a 37.4% stake in India's Adani Gas Ltd. (542066.BY) as the French oil-and-gas major looks to expand its footprint in the energy-hungry South Asian nation.

India's natural-gas market has substantial growth potential as New Delhi aims to diversify its energy mix and develop the domestic use of gas in cities and as fuel for vehicles as part of a broader goal to cut emissions, Total said. India has set a target of increasing the share of natural gas in its energy mix to 15% by 2030 from 7% at present.

"The natural gas market in India will have a strong growth and is an attractive outlet for the world's second-largest LNG player that Total has become," Total's chief executive and chairman, Patrick Pouyanne, said in a statement Monday.

Shares in Adani opened 18% at INR162.40 following news of the deal.

The French company said it will initially launch a tender offer to public shareholders to acquire up to 25.2% in Adani. It will buy the remainder from the Adani family. After the deal, the family and Total will each hold 37.4% stakes, while 25.2% will be with the public, Adani Gas said in a separate statement filed with the Bombay Stock Exchange on Monday.

The companies didn't disclose details on the value to the deal. Based on Adani Gas's current market capitalization, a 37.4% stake would cost about 56.77 billion Indian rupees ($800.4 million).



Write to Saurabh Chaturvedi at [e-mail]



(END) Dow Jones Newswires

October 14, 2019 00:07 ET (04:07 GMT)

[florenceorbis] 14/10/2019 08:33

Amid a growing push to cut operating costs, big oil is looking to artificial intelligence for help with automating functions, predicting equipment problems and increasing the output of oil and gas.

AI tools can quickly find solutions for the costly problems that can disrupt the business of searching for and extracting hydrocarbons. For example, a faulty well pump at an unmanned platform in the North Sea repeatedly disrupted production earlier this year for Aker BP, a Norwegian oil company in which BP owns a stake. The company finally fixed the problem by installing an AI program that monitors data from sensors attached to the pump and flags glitches before they cause a shutdown, says Lars Atle Andersen, vice president of operations for technology and digitalization. Engineers now can fly in to fix such problems ahead of time and avert a shutdown, Mr. Andersen says.

While Aker BP got the help it needed from a small Austin, Texas-based AI software firm, SparkCognition, some bigger oil-and-gas companies are working with giants in the tech industry. Exxon Mobil Corp. in February started a partnership with Microsoft Corp. to deploy AI programs to optimize its operations in the Permian, or West Texas Basin. The oil giant also recently installed an AI program to gain insights from data coming from millions of sensors that monitor its global refineries. Total SA, meanwhile, is linking up with Google Inc. to better interpret seismic data, and is set to increase its investment in AI to squeeze more hydrocarbons from existing assets.

Royal Dutch Shell PLC, for its part, has tested an AI program that monitors sensors on equipment at its Rotterdam refinery, the largest in Europe, to help figure out where to better direct maintenance staff and dollars. And through a subsidiary in California, Shell has an AI program that helps drivers of electric vehicles shift their charging times to when electricity is less costly.

Advances in machine learning and the falling cost of storing data are key factors in big oil's motivation to harness the potential of AI. Since 2017, there has been an industrywide drive to move data such as geological information into digital formats that in turn has created vast troves of information that companies can mine for insights using powerful data-crunching programs.

"When you mention data at this scale to data scientists, you can see them start salivating," says Sarah Karthigan, data science manager at Exxon Mobil, which says it has a database consisting of about five trillion data points. "The intent here is that we can run our plants more efficiently, more safely and potentially with fewer emissions."

The company deployed an AI program in January to comb through all of the data generated by its 42 refineries and chemical processing plants around the globe. Feeding into what the company calls its "data lake," all of its refineries now have sensors monitoring things like how much oil is flowing through the system. Exxon uses a machine-learning algorithm to mine its data for problems and solutions such as how to best blend hydrocarbons to get different types of petroleum products. The insights are available to teams of human experts throughout the company.

The drive by oil-and-gas companies to cut costs has grown in importance since oil prices plummeted in mid-2014, disrupting the viability of upstream exploration projects that were planned when crude was still fetching $100 a barrel. While the price of Brent, the global benchmark, is up roughly 6% in the past year, companies are being pressured by investors to keep up capital discipline and find additional cost savings.

AI can help find those cost reductions by tackling a range of problems. Its deployment in upstream operations could yield collective savings in capital and operating expenditures of $100 billion to $1 trillion by 2025, according to a 2018 report by PricewaterhouseCoopers. Most companies declined to discuss their exact spending on AI.

"Combining data and analytics can create new business models," says Martin Kelly, head of corporate analysis at the consulting firm Wood Mackenzie, who adds, "AI is a component of a broader digital transformation that the oil-and-gas industry is undergoing."

Exxon, the world's largest listed oil-and-gas company, is plowing about $1 billion a year into research where machine learning is included and says it intends to increase its spending on AI in the future.

Another factor driving the introduction of AI is its promise in helping capture the knowledge of retiring workers as the industry's workforce ages. U.K.-based BP has a project called Hands, in which experts in different fields such as water or sand management are training an algorithm that will be able to dispense advice in the future. Researchers at Exxon are also considering creating an algorithm to retain the expertise of its workers, Ms. Karthigan says.

"We have experts in many areas, and they will retire someday," says Ms. Karthigan. "A lot of their knowledge has been gained through experience, which isn't captured anywhere."

France's Total this year is investing about EUR200 million ($219 million), or 30% of its research and development budget, into digital technology, of which AI is an increasing part, says Philippe Cordier, a scientific computing program director at the company. In its partnership with Google, Total is testing an AI program in the Gulf of Guinea, off western Africa, that will help interpret data from three-dimensional images of the subsurface and any potential hydrocarbon reservoirs found there.

Finding oil and gas, especially offshore, is a costly process that can sometimes take years. Geologists spend a lot of time looking at seismic graphics to learn about the geological composition of areas they are exploring. The AI program Total is using will help organize such data and identify imagery like fault lines, Mr. Cordier says. The company will continue to rely on humans to identify patterns that might lead to oil and gas discoveries, he says. But by using the technology, Total hopes to get faster, more reliable production forecasts and boost the productivity of its engineers by freeing them from repetitive tasks.

Ms. Salvaterra is a reporter for The Wall Street Journal in London. She can be reached at [e-mail].



(END) Dow Jones Newswires

October 13, 2019 22:15 ET (02:15 GMT)

[the grumpy old men] 13/10/2019 08:12

11/10/2019 | 10:38
purchase
In progress
Entrance course: 46.36 € | Target: 49.48 € | Stop: 44.99 € | Potential: 6.73%
The title Total has a technical configuration in trading range. The recent decline gives good timing to the opening of bullish positions near the support.
We can position ourselves at the purchase to target 49.48 €.
TOTAL Chart
Duration:
Period:

Total: Technical Analysis Chart Total | Stock Exchange area
Full screen graphic
Strong points

The stock is evolving close to its long-term support in weekly data, located at 43.24 EUR, thus offering a good timing of intervention.
From a graphic point of view, the timing seems appropriate near the support of 43.18 EUR.
The company enjoys attractive valuation levels with a relatively low EV / CA ratio compared to other listed companies around the world.
With a P / E of 9.58 for the current year and 8.6 for the 2020 financial year, the valuation levels of the security are very cheap in terms of multiple earnings.
Investors looking for returns may find in this action a major interest.
Analysts are positive about the title. The average consensus recommends buying or overweighting the value.
The analysts' average price target is relatively remote and assumes significant appreciation potential.


Weak points

The expected evolution of turnover suggests poor growth over the next few years.
Analysts' estimates of how the company's business is evolving differ significantly from one another. The visibility related to the company's activity appears relatively low.
Historically, the group has often published below expectations of consensus.
In the last 4 months, the profits expected by the analysts covering the file have been largely revised downward.
Over the last 12 months, the momentum of earnings revisions is largely negative. In general, analysts now anticipate a lower profitability than their estimates a year earlier.

[waldron] 11/10/2019 16:55

Brent Crude Oil NYMEX 60.37 +2.15%
Gasoline NYMEX 1.64 +1.08%
Natural Gas NYMEX 2.45 +1.53%
(WTI) 54.58 USD +1.28%


FTSE 100
7,247.08 +0.84%
Dow Jones
26,916.72 +1.59%
CAC 40
5,665.48 +1.73%
SBF 120
4,464.13 +1.75%
Euro STOXX 50
3,569.92 +2.10%
DAX
12,511.65 +2.86%
Ftse Mib
22,145.23 +1.79%



Eni
13.836 +1.13%


Total
46.415 +2.47%


Engie
15.03 +2.42%

Orange
14.805 +2.17%

IAG
Price (GBX) 498.90 +8.20% (Up +37.80)



Bp
493.55 -1.68%

Vodafone
161.3 -0.93%

Royal Dutch Shell A
2,290.5 -1.08%


Royal Dutch Shell B
2,282 -0.95%


A great day for some shares but sterlings strength a bone for some shares despite the rise in oil prrices

[grupo] 11/10/2019 13:17

Total loses bid for palm oil tax break

Issued on: 11/10/2019 - 12:17
Advertising

Paris (AFP)

France's constitutional court rejected on Friday a bid by oil firm Total to secure a tax break for using controversial palm oil to create biofuel.

French legislators in 2018 excluded palm oil from biofuel inputs eligible for tax breaks, which threw a spanner in the financial works for a Total refinery under construction slated to use considerable amounts of imported palm oil as feedstock.

Environmentalists say palm oil drives deforestation, with vast areas of Southeast Asian rainforest having been logged or set ablaze in recent decades to make way for plantations.

In additional to releasing vast amounts of greenhouse gas carbon dioxide, this has threatened the habitat of orangutans and other endangered species.

Total attacked the legal change as violating the principle of equal treatment by singling out palm oil.

However the constitutional court rejected that argument, saying French "legislators, knowing about the global palm oil farming conditions, used objective and rational criteria" towards achieving the goal of reducing emission of greenhouse gases.

Taxes and tax breaks are important in the relative profitability and cost to consumers of biofuels compared to fossil fuels.

When launching the La Mede biorefinery earlier this year Total pledged it would process no more than 300,000 tonnes of palm oil per year -- less than half of the total volume of raw materials needed and that would be certified as being sustainable according to EU standards.

It said the certification ensured there had been no deforestation to produce the oil and would result in at least a 50 percent reduction in carbon emissions compared to fossil fuels.

[waldron] 10/10/2019 16:57

Brent Crude Oil NYMEX 58.65 +0.57%
Gasoline NYMEX 1.59 +0.37%
Natural Gas NYMEX 2.42 -0.70%
(WTI) 53.01 USD +1.22%


FTSE 100
7,186.36 +0.28%
Dow Jones
26,566.61 +0.84%
CAC 40
5,569.05 +1.27%
SBF 120
4,387.3 +1.22%
Euro STOXX 50
3,496.67 +1.07%
DAX
12,164.2 +0.58%
Ftse Mib
21,746.87 +0.99%


Eni
13.682 +0.60%

Total
45.295 +0.92%


Engie
14.675 +0.14%

Orange
14.49 +1.15%

IAG
Price (GBX) 461.10 +0.65% (Up +3.00)

Bp
502 -0.85%

Vodafone
162.82 +1.17%

Royal Dutch Shell A
2,315.5 -0.17%


Royal Dutch Shell B
2,304 -0.13%

[waldron] 09/10/2019 16:56

Brent Crude Oil NYMEX 59.17 +1.60%
Gasoline NYMEX 1.61 +1.66%
Natural Gas NYMEX 2.47 -1.04%
(WTI) 53.64 USD +2.39%

FTSE 100
7,166.5 +0.33%
Dow Jones
26,308.13 +0.55%
CAC 40
5,499.14 +0.78%
SBF 120
4,331.3 +0.67%
Euro STOXX 50
3,459.47 +0.61%
DAX
12,094.26 +1.04%
Ftse Mib
21,523.43 +0.55%


Eni
13.6 +0.49%



Total
44.88 +0.92%


Engie
14.535 -0.82%

Orange
14.33 +0.03%

IAG
Price (GBX) 458.10 -0.67% (Down -3.10)


Bp
506.3 +0.94%

Vodafone
160.94 +0.04%

Royal Dutch Shell A
2,319.5 -0.11%

Royal Dutch Shell B
2,307 -0.11%

[waldron] 08/10/2019 17:24

Brent Crude Oil NYMEX 57.98 -0.63%
Gasoline NYMEX 1.57 +0.06%
Natural Gas NYMEX 2.49 -0.28%
(WTI) 52.3 USD -1.28%


FTSE 100
7,143.15 -0.76%
Dow Jones
26,177.95 -1.13%
CAC 40
5,456.62 -1.18%
SBF 120
4,302.43 -1.19%
Euro STOXX 50
3,432.76 -1.01%
DAX
11,970.2 -1.05%
Ftse Mib
21,419.19 -1.08%

Eni
13.534 -0.86%


Total
44.47 -1.65%

Engie
14.655 -1.25%


Orange
14.325 -0.87%

IAG
Price (GBX) 461.20 -1.58% (Down -7.40)



Bp
501.6 -0.14%

Vodafone
160.88 +0.09%

Royal Dutch Shell A
2,322 -0.85%

Royal Dutch Shell B
2,309.5 -1.07%

[maywillow] 08/10/2019 14:06

08/10/2019 | 1:45 p.m.
Saft, a subsidiary of Total, announces that it has supplied its Flex'ion battery systems to provide backup power for the data center of the new office of Total Energy Operator in Singapore's central business district.

'Saft Li-ion battery systems will ensure the continuity of the brokerage business operated by Total. The solution reduces the total cost of ownership and improves the control capabilities for the operator, 'says the company.

[sarkasm] 08/10/2019 08:09

0
08/10/2019 | 8:54

PARIS (Aged-Dow Jones) - Oil Major Total announced Tuesday that its subsidiary Total Solar International has begun construction of a solar power plant with a capacity of about 52 megawatts-peak (MWp) at Osato, in Japan.

The commissioning of this plant, which will be equipped with about 116,000 solar panels, is scheduled for 2021, said Total.

"Miyagi Osato Solar Park is the third and largest solar power plant in Total in Japan, which will bring our combined solar capacity in the country to more than 100 MWp," said Julien Pouget, Renewables Director at Total.

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

Agefi-Dow Jones The financial newswire

[waldron] 07/10/2019 16:59

Brent Crude Oil NYMEX 59.10 +1.25%
Gasoline NYMEX 1.59 +0.86%
Natural Gas NYMEX 2.49 -1.51%
(WTI) 53.72 USD +2.07%


FTSE 100
7,197.88 +0.59%
Dow Jones
26,573.86 +0.00%
CAC 40
5,521.61 +0.61%
SBF 120
4,354.42 +0.58%
Euro STOXX 50
3,467.64 +0.78%
DAX
12,097.43 +0.70%
Ftse Mib
21,625.41 +0.72%



Eni
13.652 +0.80%


Total
45.215 +0.48%

Engie
14.84 +0.47%

Orange
14.45 +1.16%

IAG
Price (GBX) 468.60+3.06% (Up +13.90)



Bp
502.3 +1.50%

Vodafone
160.74 +1.82%

Royal Dutch Shell A
2,342 +0.99%

Royal Dutch Shell B
2,334.5 +1.08%

[sarkasm] 07/10/2019 07:43

PARIS (Aged-Dow Jones) - Total announced Monday the start of the oil field Johan Sverdup, Norway, "with more than two months ahead of schedule and a budget more than 30% lower than originally planned."


A total of $ 10.5 billion has been invested and production plateau will be 440,000 barrels of oil equivalent per day, said the group in a statement.


One of the most important fields in the North Sea, Johan Sverdrup is operated by Equinor (42.6267%), alongside Lundin Norway (20%), Petoro (17.36%), Aker BP (11.5733) %) and Total (8.44%).


-Francois Schott, Agefi-Dow Jones; 01 41 27 47 92; [e-mail] ed: VLV


Agefi-Dow Jones The financial newswire


(END) Dow Jones Newswires


October 07, 2019 02:20 ET (06:20 GMT)

[waldron] 04/10/2019 17:38

Brent Crude Oil NYMEX 58.39 +1.18%
Gasoline NYMEX 1.57 +1.19%
Natural Gas NYMEX 2.56 +2.28%
(WTI) 52.84 USD +0.86%


FTSE 100
7,155.38 +1.10%
Dow Jones
26,424.6 +0.85%
CAC 40
5,488.32 +0.91%
SBF 120
4,329.45 +0.91%
Euro STOXX 50
3,446.71 +0.80%
DAX
12,012.81 +0.73%
Ftse Mib
21,415.17 +0.49%


Eni
13.544 +1.01%


Total
45 +0.20%

Engie
14.77 +1.55%

Orange
14.285 +1.89%

IAG
Price (GBX) 454.70 +0.42% (Up +1.90)



Bp
494.9 +2.06%

Vodafone
157.86 +1.69%

Royal Dutch Shell A
2,319 +1.42%


Royal Dutch Shell B
2,309.5 +1.12%

[waldron] 03/10/2019 17:02

Brent Crude Oil NYMEX 57.14 -0.95%
Gasoline NYMEX 1.55 +0.16%
Natural Gas NYMEX 2.45 -0.04%
(WTI) 52.03 USD -0.76%


FTSE 100
7,077.64 -0.63%
Dow Jones
26,037.58 -0.16%
CAC 40
5,438.77 +0.30%
SBF 120
4,290.33 +0.25%
Euro STOXX 50
3,419.44 -0.06%
DAX
11,925.25 -2.76%
Ftse Mib
21,326.86 +0.13%


Eni
13.408 -1.09%



Total
44.91 -1.20%


Engie
14.545 -0.38%

Orange
14.02 -0.04%

IAG
Price (GBX) 452.80 -2.39% (Down -11.10)



Bp
484.9 -1.44%

Vodafone
155.24 -0.31%

Royal Dutch Shell A
2,286.5 -0.80%


Royal Dutch Shell B
2,284 -0.70%

[waldron] 02/10/2019 16:57

Brent Crude Oil NYMEX 57.27 -2.75%
Gasoline NYMEX 1.53 -2.47%
Natural Gas NYMEX 2.47 -0.52%
(WTI) 52.36 USD -3.20%

FTSE 100
7,122.54 -3.23%
Dow Jones
26,046.32 -1.98%
CAC 40
5,422.77 -3.12%
SBF 120
4,279.82 -3.05%
Euro STOXX 50
3,421.64 -2.95%
DAX
11,925.25 -2.76%
Ftse Mib
21,336.83 -2.69%


Eni
13.556 -3.03%

Total
45.455 -3.98%

Engie
14.6 -3.09%

Orange
14.025 -2.33%

INTERNATIONAL CONSOLIDATED AIRLINES GROUP (IAG)
463.9 GBp -2.50%



Bp
492 -4.32%

Vodafone
155.72 -2.31%

Royal Dutch Shell A
2,305 -3.58%


Royal Dutch Shell B
2,300 -3.99%




A GREY DAY FOR MOST SHARES AND PERHAPS A BUYING OPPORTUNITY FOR SOME

[waldron] 01/10/2019 17:35

Brent Crude Oil NYMEX 58.99 -0.44%
Gasoline NYMEX 1.57 +0.51%
Natural Gas NYMEX 2.48 -1.00%
(WTI) 53.69 USD -1.01%


FTSE 100
7,360.32 -0.65%
Dow Jones
26,634.53 -1.05%
CAC 40
5,597.63 -1.41%
SBF 120
4,414.36 -1.34%
Euro STOXX 50
3,518.25 -1.40%
DAX
12,263.83 -1.32%
Ftse Mib
21,987.44 -0.54%


Eni
13.98 -0.38%

Total
47.34 -1.14%

Engie
15.065 +0.57%

Orange
14.36 -0.24%

IAG
Price (GBX) 475.80 +0.17% (Up +0.80)


Bp
514.2 -0.31%

Vodafone
159.4 -1.60%

Royal Dutch Shell A
2,390.5 +0.27%

Royal Dutch Shell B
2,395.5 -0.02%