Total Share Discussion Threads

[waldron] 27/2/2020 18:34

Brent Crude Oil NYMEX 51.63 -2.23%
Gasoline NYMEX 1.52 -2.90%
Natural Gas NYMEX 1.73 -5.77%
WTI 47.21 USD -2.46%

FTSE 100
6,796.4 -3.49%
Dow Jones
26,703.22 -0.94%
CAC 40
5,495.6 -3.32%
SBF 120
4,363.05 -3.25%
Euro STOXX 50
3,455.92 -3.38%
DAX
12,367.46 -3.19%
Ftse Mib
22,818.17 -2.58%



Eni
11.758 -2.54%

Total
39.68 -3.33%

Engie
16.005 +2.33%

Bp
414.15 -3.33%

Vodafone
141.06 -3.58%

Royal Dutch Shell A
1,731.6 -2.80%

Royal Dutch Shell B
1,732.4 -3.00%

[waldron] 26/2/2020 17:13

Brent Crude Oil NYMEX 53.60 -1.22%
Gasoline NYMEX 1.60 -2.79%
Natural Gas NYMEX 1.87 +0.81%
WTI 49.602 USD -1.13%

FTSE 100
7,042.47 +0.35%
Dow Jones
27,334.29 +0.93%
CAC 40
5,684.55 +0.09%
SBF 120
4,509.64 +0.11%
Euro STOXX 50
3,577.68 +0.14%
DAX
12,774.88 -0.12%
Ftse Mib
23,408.39 +1.38%



Eni
12.064 +0.73%


Total
41.045 -0.23%

Engie
15.64 +0.61%

Bp
428.8 +0.02%

Vodafone
146.3 -0.50%

Royal Dutch Shell A
1,781.6 +0.04%

Royal Dutch Shell B
1,786 +0.33%

[waldron] 26/2/2020 14:13

BP PLC said Wednesday that it won't renew its membership in three U.S. petroleum trade associations over misalignment with climate-related policies.

The move comes after Chief Executive Bernard Looney announced in early February the U.K. oil major's plan to transform into a net-zero carbon emissions company by 2050 or earlier.

BP said it will leave the Western States Petroleum Association, the Western Energy Alliance and the American Fuel and Petrochemical Manufacturers, the country's main refining lobby. The AFPM has come under fire from environmentalists for lobbying against climate change regulation in the U.S., campaigning for the U.S. to withdraw from the 2016 Paris Agreement and urging senators to reject the Green New Deal last year.

"BP will pursue opportunities to work with organizations who share our ambitious and progressive approach to the energy transition and when differences arise we will be transparent, but if our views cannot be reconciled, we will be prepared to part company," Mr. Looney said.

The company said it has reviewed its membership to thirty associations and has identified a further five with which it is only partially aligned on climate, adding that it has communicated these differences to them.

BP follows oil-major Royal Dutch Shell PLC, which cut ties with the AFPM in 2019. According to research by a coalition of nonprofits including Corporate Europe Observatory and Friends of the Earth Europe, the five biggest oil-and-gas companies--BP, Shell, Chevron Corp., Exxon Mobil Corp. and Total SA--and their industry bodies spent 123 million euros ($134 million) lobbying the European Union over climate policies between 2010 and 2018.



Write to Maitane Sardon at [e-mail]



(END) Dow Jones Newswires

February 26, 2020 08:37 ET (13:37 GMT)

[waldron] 25/2/2020 20:55

French Total to drill exploratory well off Lebanese coast
French oil giant Total and the Lebanese government say the drill ship that will set up the first oil and gas exploration well off the coast has arrived in Lebanese waters
By
BASSEM MROUE Associated Press
25 February 2020, 18:09
3 min read
Image Icon
In this photo released by Lebanon's official government photographer Dalati Nohra, Lebanese President Michel Aoun, center, heads the cabinet meeting, at the presidential palace, in Baabda, east of Beirut, Lebanon, Tuesday, Feb. 25, 2020. French oil giant Total and the Lebanese government said Tuesday the drill ship that will carry operations of the first exploration well off the Lebanese coast has arrived where it will start drilling later this week. The arrival of the drill ship comes at a time when Lebanon is passing through its worst economic and financial crisis in decades and harsh liquidity shortage. (Dalati Nohra via AP)
In this photo released by Lebanon's official government photographer Dalati Nohra, Lebanese President Michel Aoun, center, heads the cabinet meeting, at the presidential palace, in Baabda, east of Beirut, Lebanon, Tuesday, Feb. 25, 2020. French oil giant Total and the Lebanese government said Tuesday the drill ship that will carry operations of the first exploration well off the Lebanese coast has arrived where it will start drilling later this week. The arrival of the drill ship comes at a time when Lebanon is passing through its worst economic and financial crisis in decades and harsh liquidity shortage. (Dalati Nohra via AP)The Associated Press

BEIRUT -- A ship that will set up the first oil and gas exploration well off the Lebanese coast has arrived in Lebanon where it will start work later this week, French oil giant Total and Lebanon's government announced Tuesday.

The arrival of the drill ship comes at a time when Lebanon is going through its worst economic and financial crisis in decades and a severe liquidity shortage. Many hope oil and gas will be discovered off the Lebanese coast and in the future reduce the country's massive debt as well as create jobs in the energy field.

Information Minister Manal Abdul-Samad quoted President Michel Aoun as saying during a Cabinet meeting Tuesday that drilling will begin "within the next 48 hours."

Total said the drill ship Tungsten Explorer is now in the Exclusive Economic Zone of Lebanon for the drilling operations of the first exploration well on Block 4, located approximately 30 kilometers (18 miles) offshore from the capital Beirut.

In 2017, Lebanon approved the licenses for an international consortium led by Total, Italy's ENI and Russia's Novatek to move forward with offshore oil and gas development for two of 10 blocks in the Mediterranean Sea, including one that is partly claimed by Israel.

Total said the first well will be drilled at a depth of 1,500 meters (4,920 feet). The exploration well aims at exploring targets located more than 2,500 meters (8,200) below the sea bed. The drilling of the well is estimated to last two months, after which the drill ship will leave Lebanon, Total said.

"Total is pleased to start exploration operations on Block 4, which is the first deep water exploration well in Lebanon," said Ricardo Darré, general manager of Total Exploration & Production Lebanon.

At a later stage that hasn't yet been scheduled, drilling should begin in Block 9, part of which Israel also claims. A major find in Lebanon's southernmost waters could raise the possibility of a dispute with Israel.

The U.S. has been mediating between Lebanon and Israel over the nearly 860 square kilometers (330 square miles) of the Mediterranean Sea claimed by both countries.

Also on Tuesday, Lebanon took another step to try and deal with a massive debt that stands at more than $87 billion or more than 150% of the GDP.

Abdul-Samad, the information minister, said the government has agreed to appoint Cleary Gottlieb Steen & Hamilton LLP as a legal adviser on the country's Eurobond debt. She added that the government also agreed to appoint financial advisory and asset management firm Lazard as a financial adviser.

The minister gave no further details but the announcement comes at a time when Lebanese officials are debating on whether to pay a $1.2 billion Eurobond payment that will mature on March 9, or default for the first time in Lebanon's history.

[waldron] 25/2/2020 17:18

Brent Crude Oil NYMEX 55.57 -1.30%
Gasoline NYMEX 1.67 -2.56%
Natural Gas NYMEX 1.86 +0.65%
WTI 50.66 USD -1.51%


FTSE 100
7,017.88 -1.94%
Dow Jones
27,663.08 -1.06%
CAC 40
5,679.68 -1.94%
SBF 120
4,504.56 -1.89%
Euro STOXX 50
3,572.51 -2.04%
DAX
12,790.49 -1.88%
Ftse Mib
23,138.99 -1.23%


Eni
11.976 -1.58%


Total
41.14 -2.43%

Engie
15.545 -3.42%

Bp
428.7 -2.18%

Vodafone
147.04 -2.42%

Royal Dutch Shell A
1,780.8 -2.25%

Royal Dutch Shell B
1,780.2 -2.29%

[essentialinvestor] 25/2/2020 16:52

Bought a very small before the close.

[waldron] 24/2/2020 17:11

Brent Crude Oil NYMEX 54.99 -5.09%
Gasoline NYMEX 1.69 -4.19%
Natural Gas NYMEX 1.84 -3.81%
WTI 50.755 USD -2.49%


FTSE 100
7,156.83 -3.34%
Dow Jones
28,081.12 -3.14%
CAC 40
5,791.87 -3.94%
SBF 120
4,591.43 -3.74%
Euro STOXX 50
3,647.98 -3.92%
DAX
13,035.24 -4.01%
Ftse Mib
23,445 -5.36%


Eni
12.168 -4.67%

Total
42.165 -4.81%

Engie
16.095 -3.01%


Bp
438.25 -3.37%

Vodafone
150.68 -2.71%

Royal Dutch Shell A
1,821.8 -3.50%

Royal Dutch Shell B
1,822 -3.41%

[grupo guitarlumber] 23/2/2020 17:22

Feb 23, 2020

In Angola, the hydrocarbon producers Eni, BP, Chevron, Total and Sonangol have agreed to form a consortium that will build and operate a new natural gas processing plant in Soyo, the country’s main production area. The companies have chosen to name the project ” new gas consortium ” .

With a capacity of 400 million cubic feet per day, construction of the facility is expected to last two years and work will start in late 2020. Once construction is complete, the plant will process the gas and deliver it to the facility. Angola LNG liquefaction and possibly at the Soyo combined cycle power plant.

It should be recalled that the partners of the new consortium already operate Angola LNG, which entered production in 2013 with a production capacity of 5.2 million tonnes per year. Some members of the consortium are currently working with the government to develop projects that will boost upstream gas supply, in order to reduce dependence on oil, which has been facing high price volatility for six years.



Source: Agence Ecofin

[adrian j boris] 22/2/2020 16:29

NEWS 21.02.2020 : 09:32
Hydrocarbon exploration in Cyprus EEZ on track, minister says

23s15aoz-thumb-large-thumb-large

TAGS: Cyprus, Energy, Turkey

A French-Italian consortium between oil giants Total and ENI will start drilling in Block 6 of Cyprus’ exclusive economic zone on schedule in April despite an “escalation221; in tension from Turkey, Cypriot Energy Minister Giorgos Lakkotrypis has said

“The provocations from the Turkish side are nothing new. What we have been seeing recently is simply an escalation of such actions. Despite these provocations, these ongoing provocations, the Republic of Cyprus is on track and we are, of course, preparing for a new cycle of exploratory drilling,” Lakkotrypis told the Greek edition of Euronews on Thursday.

The Cypriot energy minister said the cycle will begin in April with Total and ENI, followed by the US’s Exxon and Qatar Petroleum at a later date.

[waldron] 21/2/2020 18:54

for me i will await april or may before going seriously back into the market

[essentialinvestor] 21/2/2020 18:48

Thanks for the view, very tempted by Shell today but held off,
think it's nearing elastic band territory, where there is a sharp snap back
at some point.

Total net debt looks markedly lower than much of the sector
and their growing renewables exposure perhaps interesting.

[waldron] 21/2/2020 18:35

EssentialInvestor
21 Feb '20 - 18:21 - 2951 of 2951
0 0 0
Does anyone have any thoughts on the merits of Total v Shell?, Thanks in advance.

Depends what you be wanting

i play ping pong with the two depending on news and divi timing

also whats happenimg on the supports and resistence levels , currency and tax exposures

i might buy both at the same time but for entirely different reasons

Both might move up or down with the tide inaccordence geo politics and energy suppy,demand not to mention
possible trump tweeter effects

have a great weekend

[essentialinvestor] 21/2/2020 18:21

Does anyone have any thoughts on the merits of Total v Shell?, Thanks in advance.

[waldron] 21/2/2020 17:17

Brent Crude Oil NYMEX 58.22 -1.84%
Gasoline NYMEX 1.75 -1.90%
Natural Gas NYMEX 1.91 -0.93%
WTI 53.3 USD -0.30%


FTSE 100
7,403.92 -0.44%
Dow Jones
29,034.75 -0.63%
CAC 40
6,029.72 -0.54%
SBF 120
4,769.97 -0.50%
Euro STOXX 50
3,800.38 -0.95%
DAX
13,579.33 -0.62%
Ftse Mib
24,747.46 -1.33%

Eni
12.764 -1.05%


Total
44.295 -1.02%

Engie
16.595 +0.70%

Bp
453.55 -2.71%

Vodafone
154.88 -0.08%

Royal Dutch Shell A
1,887.8 -2.02%

Royal Dutch Shell B
1,886.4 -1.80%

[waldron] 20/2/2020 20:02

Ignore BP's Noise, Total Is Giving The Real Signal
Feb. 20, 2020 2:24 PM ET|
5 comments
|
About: TOTAL S.A. (TOT), TTFNF, Includes: BP, RDS.A, RDS.B
The Global Investor
The Global Investor
Long/short equity, portfolio strategy
(579 followers)
Summary

Total continues to provide a strong dividend yield, backed by strong cash flows, from an increasingly diversified energy portfolio.

Total is well positioned for the Energy Transition thanks to its leading portfolio in lower carbon energies.

Strong 2019 results highlight management's bet on low-carbon is already paying off, putting it ahead of rivals BP and Shell.

BP's new CEO recently gave a flashy presentation on its plan to set a course to "net zero" by 2050. Compared to BP's promises however, French supermajor Total (TOT) already has in place a very strongly positioned portfolio to meet the energy transition. Total's portfolio is similar to Shell's, except it has a lower cost base and a higher dividend yield. Total's deal with Adani gas last year gives it a very strong exposure to the growing gas market in India. This deal compliments Total's existing long held renewables and battery investments. As an energy stock, Total's investment case is very strong.
2019 Results

At the company's recent 2019 results presentation, aside from a dramatic video of an equipment failure at an oil rig offshore Angola - seemed to be a good metaphor for the challenges facing the industry now and, in the future - management focused on two areas that The Global Investor believes will dominate the debate for the energy sector. These issues are the modernization of the existing business through the deployment of digital techniques, and how a low carbon business can be grown profitably at scale.

Regarding digital, Total is still in the early stages meaning there's potential upside to its current $1.5bn productivity ambition. In terms of low carbon, Total is already making £300m of cashflow from its clean businesses and that's very encouraging and shows why Total is in the lead. Total's early entry into clean energy is paying off and delivering better than expected results.

Most institutional investors need exposure to the energy sector, for benchmarking reasons, but with environmental, social and governance demands growing every day in the markets, investors are dumping oil & gas exposures as much as they can, as shown by the fact that energy was the worst performing stock market sector in 2019. Total's renewables business provides a strong reason to hold or buy this stock, to maintain sector exposure but avoid the move away from oil.

Total's profitability, coupled with its leading position with regard to the energy transition shows the two issues are not mutually exclusive.

Think tank Carbon Tracker recently modelled how oil companies might perform under an environment in which greater regulation of the industry is introduced as governments rush to cap emissions to help the climate change situation. While the global investor doesn't see this as a major risk in the new 2-3 years (but the risks do increase as time goes by) Carbon Tracker's analyses which companies might do better under a long-term lower-oil price situation. The report noted:

"European oil majors are more reflective of the industry average in terms of risk, ranging from BP and Repsol with around 10 per cent greater sensitivity, to Shell at the industry average, and Total, Eni and Equinor with around 10 per cent lower sensitivity,"

Along with Royal Dutch Shell (NYSE:RDS.B) and BP (NYSE:BP), Total pays a dividend yield of above 6 per cent (not including share buybacks) and trades on a similar P/E ratio as its Dutch and British peers. Total though showed more resilience through the 2019 price environment, with cash flow from operations flat on the year before at $24.7bn, although adjusted net income was down 13 per cent year on year. This result was comparatively better than both Shell and BP.

Why?

Part of this performance is due to the fact that Total is comparatively advanced on the energy transition front, if we include gas, a less carbon-intensive option compared to coal. Its lower-carbon division, integrated gas, renewables and power - iGRP- produced cash flow of $3.7bn in 2019, up from $2.1bn the year before. The driver here was largely the added gas capacity, however Total also doubled the size of its renewables portfolio in 2019. The renewables portfolio alone contributed cash flow of some $200m. During the fourth quarter results presentation Total chief executive Patrick Pouyanné said the supermajor's goal was to grow this figure to $1bn by 2025. Total is on the way to achieving this, it was picked to build an 800 megawatt solar plant in Qatar. The group is also working on battery technologies.

As well as expanding its gas offering, Total is planning to keep passing shareholders more cash. The 2019 dividend increased by 5 per cent to €2.68 per share. 2020 will see around $2bn of share buybacks if oil can achieve an average price of $60/bbl. At the time of writing, Brent crude oil is trading at $56/bbl, as coronavirus worries have hit oil spot prices hard since early January.

Scope 1 and 2 emissions

Investors in resource stocks will have heard the term Scope 1, 2 and 3 emissions a lot recently. Targets on Scope 1 and 2 emissions, which are direct emissions from operations and those from power suppliers, respectively, are widespread among most large resource companies now, but scope 3, the emissions linked to companies' own products, burned by customers, is where the competition is at now. Total is aiming to get its scope 1 and 2 emissions to under 40m tons by 2025, from 41.5m tons in 2019. Given its renewable energy portfolio, Total's weighted average scope 3 emissions are reduced as renewables produce zero emissions at the scope 3 level. As Total accelerates its low carbon businesses and cleans up its fossil fuel production with increased digital oversight of its operations, The Global Investor believes Total's investment proposition is the strongest of all energy supermajors.

Risks

Clearly, Total is still predominately an oil and gas company. Global gas prices have been trending down and seem to be well supplied in the medium term. The trend for governments and consumers in the West to make the shift away from oil seems to be picking up pace. However, The Global Investor believes that as oil project funding gets harder and capital expenditure is moved away from the oil patch, this only sets us up a bullish oil price scenario further down the line, especially as oil demand growth in Emerging Markets appears to be in no danger of slowing down any time soon.

For investors who can play the long/short game, it's worth considering shorting another supermajor against the long position in Total. I believe Total will be the best supermajor performer in the medium term, but the risk of oil & gas divestiture trend continuing for a while is real. This divestiture trend will probably end when the oil price bull market returns as I expect, because as they say "the cure for low prices is low prices".

[waldron] 20/2/2020 17:20

Brent Crude Oil NYMEX 59.36 +0.41%
Gasoline NYMEX 1.77 -0.46%
Natural Gas NYMEX 1.99 +0.91%
WTI 53.91 USD +0.30%

FTSE 100
7,436.64 -0.27%
Dow Jones
29,075.88 -0.93%
CAC 40
6,062.3 -0.80%
SBF 120
4,794.12 -0.80%
Euro STOXX 50
3,822.98 -1.03%
DAX
13,664 -0.91%
Ftse Mib
25,210.4 -1.05%


Eni
12.9 -0.29%



Total
44.75 -0.67%

Engie
16.48 -0.99%


Bp
466.2 +0.73%

Vodafone
155 -0.51%

Royal Dutch Shell A
1,926.8 -0.07%


Royal Dutch Shell B
1,921 -0.62%

WHATTA LAST MINUTE SELL OFF

[ariane] 20/2/2020 09:53

PTT Exploration & Production PCL and France's Total SA have signed an investment agreement for the exploration and production of an onshore block in Oman.

The agreement was signed by the units of both companies and Oman's Oil and Gas Ministry, PTTEP said in a filing to Thailand's stock exchange late Wednesday.

The Thai entity will have a 20% stake, while the remainder will be held by Total.

The investment is part of PTTEP's plan to expand its portfolio in the Middle East, according to the filing.

The companies didn't disclose the financial details of the investment.



Write to P.R. Venkat at [e-mail]



(END) Dow Jones Newswires

February 19, 2020 21:30 ET (02:30 GMT)

[maywillow] 20/2/2020 08:42

Natural Gas | Oil 19 Feb 2020 | 20:31 UTC Rio de Janeiro

Shell, Total apply to drill in 16th bid round blocks offshore Brazil: IBAMA

Author Staff Jeff Fick Editor Jennifer Pedrick Commodity Natural Gas, Oil

Highlights

Shell wants licenses for nine wells in Campos Basin

Total seeks to drill up to five wells in region

Blocks were purchased at 16th bid round last year

Rio de Janeiro — Royal Dutch Shell and Total both applied for environmental permits to drill in offshore blocks acquired during Brazil's 16th bid round held last year, according to documents published Wednesday by federal environmental regulator IBAMA.
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Shell applied to tap up to six wells in the Campos Basin C-M-659 block that could also include up to four well-formation tests, according to IBAMA. In addition, Shell wants to drill up to three wells in the C-M-713 block that could also include up to two well-formation tests. Shell expects to start the campaign in 2022-2024, IBAMA said.

Total, meanwhile, applied to drill up to five wells in the Campos Basin C-M-541 block, including two exploration wells and three evaluation wells, IBAMA said. The campaign could also include up to four well-formation tests, IBAMA said.

The two companies signed the concession contracts for the blocks on Friday, making the turnaround time less than a week.

The quick turnaround underscored the aggressive path international oil companies have taken since Brazil started holding regular sales of acreage under concession and production-sharing contracts in 2017, including making terms more competitive with rival sales in Mexico and the US Gulf of Mexico. Many winning bid groups from the recent licensing rounds have submitted requests for drilling permits and other administrative tasks nearly immediately after signing contracts, demonstrating the desire to move quickly to explore regions where a single well can pump as much as 50,000 b/d of oil equivalent. Among the changes made, Brazil allowed international oil companies to operate subsalt fields sold under production-sharing contracts and reduced requirements to use locally produced goods and services in exploration and development.

The changes made Brazil one of the world's hottest frontiers, with oil companies agreeing to record-setting signing bonuses and profit-oil guarantees to expand exploration portfolios over the past three years. That streak ended in November, when companies balked at paying sky-high signing bonuses for subsalt production-sharing areas and complicated negotiations to reimburse Petrobras for investments made at oil fields in the transfer-of-rights areas.

Brazil may eventually end the subsalt polygon that requires production-sharing agreements as well as Petrobras' preferential right to hold at least a 30% operating stake in the fields, with several bills working through Congress at the moment.

Shell, which is Brazil's second-largest oil and natural gas producer after state-led oil company Petrobras, holds a 40% operating stake in the C-M-659 block. Chevron retains a 35% minority share, with Qatar Petroleum owning 25%. The companies paid Real 714 million ($163 million) for the development rights, including a commitment to drill at least one well.

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The three companies also paid Real 551 million for rights to the C-M-713 block, with the same ownership breakdown as the C-M-659 block. No drilling commitment was included in the winning bid submitted by the three companies.

The C-M-713 block contained the second-largest prospect available in the 16th bid round, dubbed Tamboril, according to the National Petroleum Agency, or ANP. Tamboril was estimated to hold about 4.34 billion barrels of unrisked oil in place, according to the ANP.

Total, meanwhile, captured the 16th bid round's biggest prize in the Campos Basin's C-M-541 block in a stunning upset of Petrobras, which had previously dominated auctions and typically secured the acreage for which it placed a bid. The winning consortium paid Real 4.03 billion for rights to the block and pledged to drill two wells, topping the commitment for a single well from the Petrobras-led group.

Total will hold a 40% operating stake, while Qatar Petroleum will own a 40% minority share and Petronas 20%. The C-M-541 block contains the Nemo prospect, which was considered the largest in the sale at an estimated 6.87 billion barrels of unrisked crude, according to the ANP.

[waldron] 19/2/2020 17:18

Brent Crude Oil NYMEX 59.11 +2.35%
Gasoline NYMEX 1.77 +1.81%
Natural Gas NYMEX 1.96 -0.56%
WTI 53.15 USD +1.94%



FTSE 100
7,457.02 +1.02%
Dow Jones
29,367.49 +0.46%
CAC 40
6,111.24 +0.90%
SBF 120
4,832.59 +0.81%
Euro STOXX 50
3,865.18 +0.82%
DAX
13,789 +0.79%
Ftse Mib
25,473.39 +0.99%



Eni
12.938 +0.22%


Total
45.05 +0.79%

Engie
16.645 +0.57%


Bp
462.8 +1.16%

Vodafone
155.8 +0.32%

Royal Dutch Shell A
1,928.2 +0.73%

Royal Dutch Shell B
1,933 +0.59%