Total Share Discussion Threads

[grupo guitarlumber] 28/1/2020 08:06

Equinor, Shell, Total reaffirm commitment to Vaca Muerta
Jan. 27, 2020 5:30 PM ET|About: Equinor ASA (EQNR)|By: Carl Surran, SA News Editor

Equinor (NYSE:EQNR), Royal Dutch Shell (RDS.A, RDS.B) and Total (NYSE:TOT) say they will press on with projects in Argentina's Vaca Muerta shale play, even as policy uncertainty and price controls make it harder to make plans there.

Representatives of the three companies reaffirmed their commitment to the play in meetings with the governor of Neuquen province, where most of the acreage is located.

Equinor plans to drill six more wells in the Bajo del Toro block, building on two already in production, which it is developing in partnership with Argentina's state-backed YPF, the governor says.

Total is working on a pilot and other developments in the play and plans to seek unconventional licenses there, according to the governor.

Shell will complete five pre-development wells on Bajada de Anelo in July, a final step before evaluating whether to move into full-scale production on the block, the governor says.

[waldron] 27/1/2020 17:12

Brent Crude Oil NYMEX 58.11 -2.97%
Gasoline NYMEX 1.47 -3.97%
Natural Gas NYMEX 1.90 +1.76%
WTI 52.52 USD -0.21%


FTSE 100
7,412.05 -2.29%
Dow Jones
28,584.69 -1.40%
CAC 40
5,863.02 -2.68%
SBF 120
4,627.29 -2.45%
Euro STOXX 50
3,677.84 -2.61%
DAX
13,204.77 -2.74%
Ftse Mib
23,439.11 -2.21%



Eni
13.196 -2.03%


Total
46.11 -2.69%

Engie
15.7 -0.06%


Bp
476.95 -1.88%

Vodafone
154.3 -1.41%

Royal Dutch Shell A
2,144.5 -1.94%

Royal Dutch Shell B
2,151.5 -2.20%

[waldron] 27/1/2020 16:16

Eni SpA (ENI.MI) said on Monday that it has signed a long-term contract with Nigeria LNG Ltd. to acquire 1.5 million tonnes of liquefied natural gas.

The Italian energy company didn't disclose financial terms, but said the deal would enable it to increase its LNG portfolio from 2021.

Eni said the liquefied natural gas would be produced through existing facilities in Bonny Island, Nigeria.

Nigeria LNG Limited is a joint venture comprising Nigerian National Petroleum Corp., Royal Dutch Shell PLC (RDSB.LN), Total SA (FP.FR) and Eni itself, which has a 10.4% interest.

The Nigerian National Petroleum Corp. and other shareholders in the joint venture agreed in December 2019 to move forward with the construction of the Train 7 project.



Write to at [e-mail]



(END) Dow Jones Newswires

January 27, 2020 10:49 ET (15:49 GMT)

[adrian j boris] 25/1/2020 13:48

Conclusion

In conclusion, Total continues to establish its competency in the construction and operation of solar panel plants with the award of a contract to jointly develop a massive solar power plant in the Middle Eastern nation of Qatar. The company has already established some presence in this emerging industry although it still makes up a very small part of the company's overall business. Solar power is expected to be an increasingly dominant part of the world's energy mix over the coming decades though, so it is quite likely that the division will become an increasingly important part of Total's enterprise and serve as just one growth engine for the company. Investors should applaud this increasing diversity in the company's business as the world slowly moves away from fossil fuels.

At Energy Profits in Dividends, we seek to generate a 7%+ income yield by investing in a portfolio of energy stocks while minimizing our risk of principal loss. By subscribing, you will get access to our best ideas earlier than they are released to the general public (and many of them are not released at all) as well as far more in-depth research than we make available to everybody. We are currently offering a two-week free trial for the service, so check us out!

Disclosure: I am/we are long EQNR. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

[waldron] 24/1/2020 17:21

Brent Crude Oil NYMEX 60.52 -2.45%
Gasoline NYMEX 1.53 -2.98%
Natural Gas NYMEX 1.87 -1.73%
WTI 54.13 USD -2.71%


FTSE 100
7,585.98 +1.04%
Dow Jones
29,052.13 -0.37%
CAC 40
6,024.26 +0.88%
SBF 120
4,743.3 +0.77%
Euro STOXX 50
3,779.16 +1.14%
DAX
13,576.68 +1.41%
Ftse Mib
23,930.51 +0.94%

Eni
13.47 +0.09%



Total
47.385 +0.14%

Engie
15.5 +0.00%


Bp
486.1 +0.82%

Vodafone
156.5 +1.49%

Royal Dutch Shell A
2,187 +0.67%

Royal Dutch Shell B
2,200 +0.96%

[waldron] 23/1/2020 17:11

Brent Crude Oil NYMEX 61.94 -2.01%
Gasoline NYMEX 1.57 -1.33%
Natural Gas NYMEX 1.91 +0.58%
WTI 55.58 USD -0.94%

FTSE 100
7,507.67 -0.85%
Dow Jones
28,989.09 -0.68%
CAC 40
5,971.79 -0.65%
SBF 120
4,706.86 -0.64%
Euro STOXX 50
3,736.85 -0.81%
DAX
13,388.42 -0.94%
Ftse Mib
23,711.49 +0.02%



Eni
13.458 -0.74%

Total
47.32 -1.00%

Engie
15.5 +1.34%

Bp
482.15 +0.34%

Vodafone
154.2 +0.98%

Royal Dutch Shell A
2,172.5 -0.64%

Royal Dutch Shell B
2,179 -0.46%

[la forge] 23/1/2020 13:37

Tullow, Total Start Sale of Partial Stakes in Kenya Oil Fields

Laura Hurst and Francois de Beaupuy, Bloomberg News








(Bloomberg) -- Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter

Tullow Oil Plc and Total SA have started the process to sell part of their stakes in oil discoveries in Kenya, said people familiar with the matter.

The French energy giant is seeking to sell half of its 25% stake in the fields, said one of the people. Tullow said last year that it planned to reduce its holding to 30% from 50%.

Tullow’s sale is part of a broader review of its operations and assets intended to simplify the business and cut costs. Shares of the company slumped 64% last year due to disappointing exploration results in South American and lower-than-expected production from its main oil asset in Ghana. Chief Executive Officer Paul McDade and exploration chief Angus McCoss left the company in December.

The oil discoveries in eastern Kenya haven’t yet been brought to the market. A plan for initial development was suspended in the fourth quarter after severe weather damaged roads, and will remain so until they can be repaired, Tullow said on Jan. 15. Full exploitation of the resources would require a $1.1 billion pipeline to the coast of east Africa.

Tullow faces a similar challenge in monetizing more than a billion barrels of oil resources in eastern Uganda, which remain locked deep underground despite being discovered about a decade ago. Work on a $3.5 billion pipeline to deliver that oil to international markets is on hold after the company’s plan to sell a 22% stake in those assets to Total fell apart last year.

To contact the reporters on this story: Laura Hurst in London at [e-mail];Francois de Beaupuy in Paris at [e-mail]

To contact the editors responsible for this story: James Herron at [e-mail], Christopher Sell

[waldron] 22/1/2020 20:34

Oil CEOs at Davos debate tougher carbon cuts - Bloomberg
Jan. 22, 2020 10:10 AM ET|About: Royal Dutch Shell plc (RDS.A)|By: Carl Surran, SA News Editor

CEOs of some of the world's biggest oil companies, including Royal Dutch Shell (RDS.A, RDS.B), Chevron (NYSE:CVX), Total (NYSE:TOT), Saudi Aramco and BP, are discussing the adoption of much more ambitious carbon targets at a closed-door meeting at the World Economic Forum in Davos, Bloomberg reports.

The meeting reportedly showed broad agreement on widening the industry's target to include reductions in emissions from the fuels they sell, not just the greenhouse gases produced by their own operations.

Among major energy companies, only Shell, Total and Repsol have publicly announced they are either targeting or monitoring Scope 3 emissions; BP CEO Bob Dudley, who retires later this year, previously has opposed such a target.

[waldron] 22/1/2020 17:19

Brent Crude Oil NYMEX 63.20 -2.15%
Gasoline NYMEX 1.60 -3.09%
Natural Gas NYMEX 1.91 +1.32%
WTI 56.86 USD -2.44%


FTSE 100
7,571.92 -0.51%
Dow Jones
29,218.45 +0.08%
CAC 40
6,010.98 -0.58%
SBF 120
4,737.33 -0.50%
Euro STOXX 50
3,769.79 -0.46%
DAX
13,515.75 -0.30%
Ftse Mib
23,695.85 -0.63%



Eni
13.558 -1.14%


Total
47.8 -0.65%


Engie
15.295 +0.07%



Bp
480.5 -2.01%

Vodafone
152.7 -1.42%

Royal Dutch Shell A
2,186.5 -0.84%

Royal Dutch Shell B
2,189 -1.15%

[gibbs1] 22/1/2020 08:59

Total SA (FP.FR) has been awarded a contract to install 20,000 charging point for electric vehicles in the Netherlands, it said Wednesday.

The network will be installed in the provinces of North-Holland, Flevoland and Utrecht and will cover about 3.2 million people.

The French company said the electricity to power the network will come from renewable sources and will be produced in the country.

"In addition, Total will develop and implement smart charging technologies allowing both a stable grid management at times of high electricity consumption as well as efficient and sustainable charging when cost of energy is more affordable," it said.



Write to Pietro Lombardi at [e-mail]



(END) Dow Jones Newswires

January 22, 2020 02:35 ET (07:35 GMT)

[gibbs1] 22/1/2020 08:30

Striking Oil Ain’t What It Used to Be
Poor Countries Find Fossil Fuels Just As the Rich World Swears Them Off
By Amy Myers Jaffe January 20, 2020



An oil rig in Guanabara Bay, Brazil, June 2015 Felix Clay / eyevine / Redux

On January 7, the oil and gas companies Apache Corporation and Total SA announced a major oil find off the coast of Suriname, not far from enormous offshore deposits in neighboring Guyana discovered by ExxonMobil last year. The size of the Suriname discovery is yet to be determined, but it could be large enough to transform the small South American country, where per capita income is less than $6,000. Just three months prior on the other side of the Atlantic, the British oil major BP announced the largest natural gas discovery of 2019: the energy equivalent of 1.3 billion barrels of oil lies waiting to be extracted off the coast of Mauritania, more than enough to support a liquefied natural gas (LNG) hub. And the same year in Mozambique, Total acquired a $3.9 billion stake in an LNG project whose total cost will likely dwarf that country’s national economy.

At a time when many countries are finally trying to reduce their reliance on fossil fuels, the world is suddenly awash in oil and gas discoveries. But for the countries with the newest finds, many of them in Africa and South America, mineral wealth may not be the bonanza it was in decades past. Large oil and gas companies see long-term prices trending downward. As a result, they are investing in fields that can be brought into production quickly instead of developing expensive, far-flung reserves. Global natural gas markets, in particular, face a huge glut of resources and projects that must compete against the falling price of renewable energy technologies. As a result, Suriname, Guyana, Mauritania, Mozambique, and a handful of other developing countries with recent fossil fuel finds are in a desperate race against time.
GOING ONCE, GOING TWICE

The party hasn’t ended yet, but for the world’s newest petrostates it may be last call. To preempt a possible price slump, many oil and gas companies are pursuing aggressive timelines for new projects to lower costs and return cash quickly to nervous shareholders. ExxonMobil has pulled out all the stops to get its Guyana find online as fast as possible: its discovery-to-extraction timeline is the shortest ever for a greenfield project of its scale. In Mozambique, Total appears to be fast-tracking development of the LNG project, after other investors dragged their feet for years. (Anadarko Petroleum discovered the gas reserves in 2010.) The Suriname and Mauritania finds may well be developed, but the former is still in the exploration phase and the latter will have to overcome a number of financing and other obstacles.
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Even on accelerated timetables, recent discoveries may not yield the same windfalls that previous finds did.

Even on accelerated timetables, however, these recent discoveries may not yield the same windfalls that previous finds did. New oil and gas states will have to compete with surging fossil fuel exports from the United States, which absorbed most, if not all, of the rising demand for petroleum in 2019 and may continue to do so for the next few years. What is more, other developed countries such as Norway and Canada are developing their own recent fossil fuel finds with the benefit of new technologies that lower the cost of drilling and facilitate greater production. Competition between these markets and new developing ones will only stiffen if global economic growth falters down the road, reducing the immediate demand for oil.

Making matters worse for new oil producers, some of the world’s biggest markets—such as China and the European Union—have enacted policies that incentivize a rapid move away from oil. France, the United Kingdom, China, and India have all announced future bans on the sale of gasoline-powered cars. And rising targets for renewable energy in the United States, Europe, and Asia have clouded the prospects for natural gas. For all of these reasons, recent finds in the developing world are unlikely to be as lucrative as similar discoveries in the past.
COMPETING GOALS

Other finds may never be developed at all. New producers are on the hunt for capital just as many existing oil producers in the developing world are struggling to find continued investment for their remaining resources. In a recent tender for offshore drilling rights in Brazil—billed by President Jair Bolsonaro as the “biggest auction there’s ever been”—the government found few takers. Angola’s oil production is falling because of a lack of interest in new drilling.

Part of the problem is the broader market forces described above. But part of it is mounting hostility from international financial institutions such as the World Bank and the European Investment Bank, both of which have sworn off lending to new fossil fuel projects because of climate change. In the past, these institutions played a critical role in helping poorer nations get lucrative oil and gas projects, including major pipeline projects in Africa, off the ground. The World Bank alone issued $21 billion in fossil fuel–related loans, grants, and guarantees between 2014 and 2018. Governments and sovereign wealth funds are increasingly climate conscious as well: last year, the UN-backed Green Climate Fund—which finances investments in climate adaptation, clean energy, and energy efficiency projects in the developing world—attracted commitments of close to $10 billion from 27 countries to spend on climate aid over the next four years.

The apparent hypocrisy of rich nations swearing off fossil fuels just when many poor nations are discovering their own has fueled debate about how best to balance climate and development goals. Climate justice advocates have gone as far as calling for long-standing and wealthy oil producers such as Norway to shut down their oil industries to make room for poorer nations with oil reserves. The 2017 Lofoten Declaration—signed by some 600 organizations in 76 countries—was a step in that direction, pushing for wealthy nations to lead the way in abandoning fossil fuel production because their economies have already benefited from burning oil and gas and are in a better position to diversify. But the Lofoten Declaration applies only to extant producers, and it is difficult to imagine a fair or uncontroversial way to determine which countries with new discoveries should be given priority to develop their oil and gas reserves.

In the end, markets will determine which new discoveries get exploited and which remain stranded in the ground or underwater. Projects with lower costs will advance further than those with a comparatively higher overhead. That will pit new oil states against wealthy Middle Eastern producers, which have among the lowest oil and gas production costs. At a recent OPEC meeting, the Angolan oil minister reportedly stormed out when his Saudi counterpart suggested that his country—which faces low rates of investment and high production costs—should lower production alongside OPEC’s richer members in order to shore up oil prices. Such heated debates among OPEC members reflect the high stakes for countries that depend heavily on oil and gas revenues for their state budgets. For nascent oil producers trying to break into that well-heeled club, however, the competition will be tougher than ever.

[waldron] 21/1/2020 17:30

Brent Crude Oil NYMEX 64.72 -0.71%
Gasoline NYMEX 1.66 +0.53%
Natural Gas NYMEX 1.90 -1.20%
WTI 58.39 USD -0.53%


FTSE 100
7,610.7 -0.53%
Dow Jones
29,332.87 -0.05%
CAC 40
6,045.99 -0.54%
SBF 120
4,761.21 -0.53%
Euro STOXX 50
3,789.12 -0.25%
DAX
13,555.87 +0.05%
Ftse Mib
23,852.45 -0.62%


Eni
13.714 -1.21%


Total
48.115 -0.94%

Engie
15.285 -0.10%

Bp
490.35 -0.64%

Vodafone
154.9 -0.06%

Royal Dutch Shell A
2,205 -1.65%

Royal Dutch Shell B
2,214.5 -1.69%

[waldron] 21/1/2020 17:22

Brent Crude Oil NYMEX 64.72 -0.71%
Gasoline NYMEX 1.66 +0.53%
Natural Gas NYMEX 1.90 -1.20%
WTI 58.39 USD -0.53%


FTSE 100
7,610.7 -0.53%
Dow Jones
29,332.87 -0.05%
CAC 40
6,045.99 -0.54%
SBF 120
4,761.21 -0.53%
Euro STOXX 50
3,789.12 -0.25%
DAX
13,555.87 +0.05%
Ftse Mib
23,852.45 -0.62%


Eni
13.714 -1.21%


Total
48.115 -0.94%

Engie
15.285 -0.10%

Bp
490.35 -0.64%

Vodafone
154.9 -0.06%

Royal Dutch Shell A
2,205 -1.65%

Royal Dutch Shell B
2,214.5 -1.69%

[waldron] 20/1/2020 17:17

Brent Crude Oil NYMEX 65.21 +0.56%
Gasoline NYMEX 1.66 +0.08%
Natural Gas NYMEX 1.92 -3.48%
WTI 58.77 USD -0.78%


FTSE 100
7,651.44 -0.30%
Dow Jones
29,348.1 Closed for Martin Luther King Day
CAC 40
6,078.54 -0.36%
SBF 120
4,786.63 -0.24%
Euro STOXX 50
3,799.03 -0.16%
DAX
13,548.94 +0.17%
Ftse Mib
24,011.57 -0.54%

Eni
13.882 -0.24%

Total
48.57 +0.13%

Engie
15.3 +0.69%

Bp
493.5 -0.58%

Vodafone
155 +0.40%

Royal Dutch Shell A
2,242 -0.29%

Royal Dutch Shell B
2,252.5 -0.55%

[the grumpy old men] 19/1/2020 09:45

Leoneobull
19 Jan '20 - 07:46 - 40539 of 40540
0 0 0
Orinduik not far away



EXTRACT


Luckily most of Suriname’s offshore blocks are apportioned – ExxonMobil, Kosmos, Petronas, Tullow and Statoil have all taken up operatorships. An Exxon-led consortium comprising also Statoil and Hess Energy has won Block 59, the license area abutting Guyana Caieteur block. But perhaps even more interestingly in terms of future potential discoveries, Kosmos Energy might see its market posture improve with Block 42, located right across the Canje block and still relatively close to Guyana’s Turbot/Longtail future production hub. It has to be noted that Suriname’s shallow water license areas (preliminarily labelled blocks A, B, C and D) are still unallotted and given that all wells drilled heretofore in a radius of some 150km from the coastline turned out to be dry, they will remain under Staatsolie for quite some time presumably.

What does it mean for Staatsolie?

Before the Apache-Total tandem announced their Maka discovery, the national oil company Staatsolie has made public its intent to substantially expand its presence on the bond market in 2020 and also (if conditions would allow) to list its shares either on the London or the New York stock market. This would serve the purpose of raising some 1-2 billion to fund the Surinamese NOC’s exploration drive for the upcoming years, with the company combining the double role of state oil company and oil regulator. The Maka discovery will make it easier for Staatsolie to do so as it alleviates concerns that the oil bounty in the Cretaceous plays of offshore Guyana does indeed extend into Suriname.
Related: U.S. Drillers Rush To Hedge Production As Oil Prices Soar

The Surinamese NOC will most probably need a substantial amount of money because if early indications are not misleading enough, Staatsolie will to try to avail itself of its back-in rights, effectively allowing it to buy into proven commercial discoveries (10 or 20 percent was mooted) without taking part in the exploration process. Given that Staatsolie currently operates the entirety of Suriname’s upstream sector – namely two onshore fields called Calcutta and Tambaredjo with a total output of 17kbpd – the NOC will be one of hottest chips on the stock market if it manages to use back-in options wisely so as not to antagonize oil majors who bring the know-how to the country’s offshore plays.

What does it mean for the drillers?

Apache Corp’s jumped 27 percent on the Maka discovery within one day – perhaps the optimistic reaction was also boosted by the speed with which ExxonMobil managed to launch Liza (roughly 5 years from discovery to commissioning), certainly an example to emulate. In accordance with the shareholder’s drilling schedule, Apache and Total proceeded this mid-January to the spudding of another exploration well, named Sapakara West-1 and located 20 kilometers to the southeast of Maka. Sapakara will also shed some more light on the quality to be expected in Suriname’s most attractive plays – the Guyanese Liza stands at 31-32 degrees API whilst Maka tended to tilt towards densities higher than 40 degrees.

In terms of political developments, domestic turmoils might slow down the pace of drilling but are unlikely to stop it – as recently as in 2017 the country saw a wave of protests on the back of IMF-suggested market reforms (cutting of fuel and electricity subsidies). Staatsolie seems genuinely interested in fostering Suriname’s oil sector, however it still needs to divest all its competences related to oversight of industry and following Guyana’s footsteps create a comprehensive oil and gas industry regulator. But luckily the license blocks themselves are far away from the hustle and bustle of Paramaribo – and Maka will certainly motivate all relevant stakeholders to speed up the development cycle on their respective allotments.

By Viktor Katona for Oilprice.com

[waldron] 17/1/2020 18:24

Bp
496.4 -0.29%

Vodafone
154.38 -0.84%

Royal Dutch Shell
2,248.5 -0.29%

Glaxosmithkline
1,846 +2.10%

Rio Tinto
4,651 +2.75%

Royal Dutch Shell
2,265 -0.35%