Total Share Discussion Threads

[grupo] 25/5/2020 08:36

Gaussin and Total (Paris:FP) (LSE:TTA) (NYSE:TOT) are jointly developing the world's first full electric ART(R) (Aircraft Refueller Transporter). Planned for the Airbus industrial site in Toulouse, this prototype will be capable of towing two fuel tankers, with a fuel capacity of 30 tons each. Delivery is expected at the end of 2020.



This partnership between Gaussin and Total will be drawing on the 40 years of know-how of Saft (a subsidiary of Total) in designing and producing batteries for electric & hybrid commercial and industrial vehicles. Saft will provide the lithium-ion batteries for this future fleet. The batteries will be entirely developed and manufactured at Saft's facilities in Nersac and Bordeaux in the Nouvelle-Aquitaine region of France.

[waldron] 22/5/2020 17:20

Brent Crude Oil NYMEX 34.73 -3.69%
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Total
32.67 -0.31%



Engie
9.822 -0.89%

Orange
10.28 -0.19%



Bp
310 -0.61%

Vodafone
130 +0.93%

Royal Dutch Shell A
1,292.6 -0.89%



Royal Dutch Shell B
1,241.4 -0.32%

[waldron] 21/5/2020 17:13

Brent Crude Oil NYMEX 36.07 +0.90%
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17,075.06 -0.80%


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8.222 -2.46%



Total
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Engie
9.91 +1.29%

Orange
10.3 -0.39%


Bp
311.9 -2.09%

Vodafone
128.8 +1.67%

Royal Dutch Shell A
1,304.2 -2.98%



Royal Dutch Shell B
1,245.4 -2.51%

[waldron] 20/5/2020 17:27

Brent Crude Oil NYMEX 35.63 +3.10%
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(WTI) 32.855 USD +3.93%

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Euro STOXX 50
2,946.01 +1.36%
DAX
11,223.71 +1.34%
Ftse Mib
17,232.39 +1.16%



Eni
8.429 +0.54%



Total
33.37 +1.26%



Engie
9.784 +0.53%


Bp
318.55 +1.40%

Vodafone
126.68 -0.30%

Royal Dutch Shell A
1,344.2 +2.67%



Royal Dutch Shell B
1,277.4 +2.19%

[waldron] 20/5/2020 15:42

News Wire
Company News
Investing

2h ago

Total’s Mozambique LNG Set to Sign $15 Billion Financing in June

Paul Burkhardt, Loni Prinsloo and Borges Nhamire, Bloomberg News








BC-Total’s-Mozambique-LNG-Set-to-Sign-$15-Billion-Financing-in-June

BC-Total’s-Mozambique-LNG-Set-to-Sign-$15-Billion-Financing-in-June , Paul Burkhardt, Loni Prinsloo and Borges Nhamire

(Bloomberg) --

A Total SA-led liquefied natural gas project in Mozambique will receive commitments for about $15 billion of financing at a signing scheduled in June, according to people familiar with the matter.

The first and most significant phase of the financing commitment for the LNG project -- which will be Africa’s biggest private investment yet -- involved lenders including about 20 banks, according to the people.

Acquiring funding for construction of the $23 billion project, which will chill natural gas into a liquid for export comes as oil and gas companies globally are focused on cutting costs as the coronavirus curbs energy demand and pressures prices.

The group of about 20 banks involved in the lending includes Rand Merchant Bank, Standard Bank Group Ltd. and Societe Generale SA, which is acting as the financial adviser, according to one of the people familiar.

Dele Kuti, Standard Bank’s global head of oil and gas, said the company was “pleased to see the progress” on achieving final credit approvals for the Mozambique LNG project, without confirming details of the financing.

“We have also approved large participations in Mozambique LNG’s ECIC and commercial tranches. We look forward to signing the facilities in the next few weeks,” Kuti said.

Rand Merchant Bank declined to comment. Societe Generale did not immediately respond to a request for comment.

A spokeswoman for the Mozambique LNG project said it expected to resume work in June after a coronavirus outbreak at the site, but didn’t respond to questions on its financing. First production is scheduled for 2024.

The U.S. Export-Import Bank has approved the $4.7 billion loan to back American suppliers for the project. Japan Bank for International Cooperation will provide $3 billion, Mozambique state-owned newspaper Jornal Noticias reported on Tuesday.

The so-called Area 1 LNG project will generate about $38 billion in revenue for Mozambique’s government over its lifetime, according to a Finance Ministry forecast. That will be supplemented by sales from an even bigger project led by Exxon Mobil Corp. and planned in the neighboring Area 4 offhore block.

[la forge] 19/5/2020 20:46

May 19, 2020

Last month’s French oil giant Total E&P acquisition of Anglo-Irish Tullow assets awaits Cabinet approval before it can be endorsed by government, the Ministry of Energy has said.

Dr Goretti Kitutu, the Energy minister, last Friday said they are “waiting for this clearance” before the next step can be decided.

Ms Kitutu also showed optimism that they were looking at Final Investment Decision (FID) by the oil companies taken by August or latest, by the end of the year, especially following the Total E&P/Tullow sales deal, which once approved, will allow investment decisions to start.

The deal will see Tullow exit Uganda after 16 years of operation.

Total E&P announced last month that it had acquired Tullow’s remaining 33.33 per cent stake for Shs2.1 trillion ($575m), with Shs1.8 trillion ($500m) paid once the deal has been approved by government, and the balance of Shs780 billion ($75m) paid whenever the FID has been reached.

Contrary to government’s optimism, it is, however, unlikely that FID will be taken this year.

FID is an agreement on capital investments on a long-term project when the money for the project is availed and the project execution commences.

To start oil production, projections show that the oil companies, Total E&P and Cnooc, have to invest a minimum capital of $10b (Shs36 trillion); $6.7b (about Shs24 trillion in developing the oil fields–Tilenga fields in Nwoya/Buliisa districts and Kingfisher in Kikuube, and $3.55b (Shs13 trillion), for the export pipeline from Hoima to Tanga in Tanzania.

First oil production, both government and oil companies, say is three years from FID, which remains uncertain now.

With the Tullow acquisition out of the way, the next headache for government is the lingering issues on the crude oil pipeline, whose economics is now being questioned by Cnooc.

On Friday, Dr Kitutu, however, maintained that they are on steady progress towards first commercial oil production.

The minister made the remarks at the inauguration of the new oil sector regulator–Petroleum Authority of Uganda–a seven-member board whose tenure will run until 2024.

The members are Dr Jane Mulemwa, Mr Bernard Ongodia, Ms Doreen Kabasindi, Mr Kiryowa Kiwanuka, Dr Kevin Aanyu, Dr Noble Banadda, and Ms Lynda Biribonwa.

With the country revving for oil production, Dr Mulemwa said chronic underfunding for institutions like PAU that are meant to monitor the different activities is an obstacle.

She also cited adamancy by some oil companies as another challenge in their way.



Source: Monitor

[waldron] 19/5/2020 17:15

Brent Crude Oil NYMEX 34.51 -2.87%
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DAX
11,075.29 +0.15%
Ftse Mib
17,084.47 -1.82%



Eni
8.384 -3.15%


Total
32.955 -0.57%



Engie
9.732 -1.40%



Bp
314.15 -2.07%

Vodafone
127.06 +0.84%

Royal Dutch Shell A
1,309.2 -1.56%



Royal Dutch Shell B
1,250 -1.71%

[waldron] 19/5/2020 08:24

Total SA has signed an agreement with PureCycle Technologies to strengthen its position in plastic recycling, the company said on Tuesday.

The French company will purchase part of PureCycle Technologies' output from its facility in the U.S., and will assess the possibility of developing a new plant in Europe.

PureCycle Technologies separates contaminants from plastic-waste feedstock and transforms it into recycled polypropylene.

"This first partnership in the U.S. opens new perspectives for addressing the challenge of the circular economy and achieving our ambition of producing 30% recycled polymers by 2030," said Valerie Goff, Senior Vice President, Polymers at Total.



Write to Jessica Sier at [e-mail]



(END) Dow Jones Newswires

May 19, 2020 02:55 ET (06:55 GMT)

[waldron] 18/5/2020 17:33

Brent Crude Oil NYMEX 35.46 +9.11%
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24,503.02 +3.45%
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17,435.33 +3.46%



Eni
8.657 +1.61%


Total
33.165 +7.47%



Engie
9.822 +4.76%


Bp
320.8 +8.20%

Vodafone
126 +4.15%

Royal Dutch Shell A
1,330 +8.31%



Royal Dutch Shell B
1,271.8 +8.18%

[la forge] 18/5/2020 12:23

Markets
Dow futures jump more than 400 points, rebounding from last week’s losses
Published Sun, May 17 20206:08 PM EDTUpdated 12 min ago
Fred Imbert
@foimbert
Thomas Franck
@tomwfranck

Wall Street set to open higher following Powell’s comments on the economy

Futures contracts tied to the major U.S. stock indexes rose early Monday, rebounding from losses last week, as investors grew optimistic about the economy reopening. Comments from the Federal Reserve chief also added to the bullish sentiment.

Dow Jones Industrial Average futures jumped 405 points, or 1.7%. The gains implied an open higher by more than 300 points. S&P 500 futures added 1.6%. Nasdaq-100 futures were up 1.4%.

Oil jumped 7% in early trading, also helping sentiment.

[florenceorbis] 18/5/2020 07:34

Total Discontinues the Acquisition of Occidental Petroleum’s Assets in Ghana

18/05/2020

News

Paris – In August 2019, Total and Occidental Petroleum entered into a Purchase and Sale Agreement (PSA) in order for Total to acquire Anadarko’s assets in Africa. Under this agreement, Total and Occidental have since completed the sale and purchase of the Mozambique and South Africa assets.

The PSA provided that the sale of the Ghana assets was conditional upon the completion of the Algeria assets’ sale. Occidental has informed Total that, as part of an understanding with the Algerian authorities on the transfer of Anadarko’s interests to Occidental, Occidental would not be in a position to sell its interests in Algeria.

Given the extraordinary market environment and the lack of visibility that the Group faces, and in light of the non-operated nature of the interests of Anadarko in Ghana, Total has decided not to pursue the completion of the purchase of the Ghana assets and, as a consequence, to preserve the Group’s financial flexibility.

“This decision not to pursue the completion of the purchase of the Ghana assets consolidates the Group’s efforts in the control of its net investments this year and provides financial flexibility to face the uncertainties and opportunities linked to the current environment,” said Patrick Pouyanné, Total Chairman and CEO.

[florenceorbis] 18/5/2020 07:32

TOTAL: Electricity & Gas: Total Becomes One of the Leading Suppliers in Spain
18/05/2020 7:20am
UK Regulatory (RNS & others)

TIDMTTA



Total (Paris:FP) (LSE:TTA) (NYSE:TOT) strengthens its positions in generation and supply of electricity and gas in Spain through the acquisition of the Energías de Portugal's portfolio of 2.5 million B2C customers and two gas-fired combined cycle power plants, which represent an electricity generation capacity of nearly 850 megawatts.



This transaction in Spain follows Total's entry into the country's solar market in February with the acquisition of a portfolio of almost 2 gigawatts of renewable power projects to be developed. It allows the Group to implement its growth strategy in the country's integrated gas and electricity value chain and notably to:

-- enter the Spanish B2C market and become the 4th largest supplier of gas
and power in the country with residential market share of 12% and 6%
respectively.
-- complement its future production of renewable electricity, which is
intermittent, with flexible electricity generation capacities from gas.


This deal serves Total's ambition to achieve Carbon Neutrality by 2050 for its worldwide business across its production and energy products used by its customers, and to play a major role in the energy transition in Europe, Spain being among the first countries to have adopted an objective of Carbon Neutrality by 2050.



"This is a major new step in Total's ambition to become a broad energy company. This transaction enables Total to become one of the key players in the energy market in Spain, covering a wide spectrum from LNG imports to power generation from renewables and gas, as well as gas and electricity supply. Our ambition is to be able to bring a competitive offer from our productions to the Spanish consumers, drawing on the digital and commercial know-how developed in France by Total Direct Energie and in Belgium by Lampiris," said Patrick Pouyanné, Chairman and CEO of Total. "This transaction is fully consistent with the Group's strategy of profitable growth across the gas and low carbon electricity value chain in Europe, in line with our new ambition to get to Net Zero Emission by 2050. With this deal Total will reach 8.5 million gas and power customers in Europe from 2021, on track with its ambition to serve over 10 million customers by 2025".



The transaction with EDP is based on an enterprise value of EUR515 million. It remains subject to conditions precedent, including regulatory approval and should be finalized before the end of 2020. The portfolio of around 2.5 million residential contracts is composed of around 2.1 million held by EDP Commercializadora (100% EDP) and around 0.4 million by CHC, a joint venture between EDP and CIDE, the latter transaction being subject to CIDE agreement. Upon closing, EDP will transfer to Total the 280 employees managing the activities acquired.

[waldron] 15/5/2020 18:43

Equinor, partners approve Norway CCS project pending state funding
May 15, 2020 11:32 AM ET|About: Equinor ASA (EQNR)|By: Carl Surran, SA News Editor

Equinor (EQNR -0.1%), Royal Dutch Shell (RDS.A +0.4%) and Total (TOT -1.5%) sign off on a NOK7B ($685B) plan to build the Northern Lights project offshore Norway, in what would be the world's first carbon capture and storage network.

The companies say the commitment is subject to a final investment decision by Norway's government to cover most of the cost.

The project would be developed in stages, with phase one developing the infrastructure to transport and store as much as 1.5M metric tons/year of carbon dioxide.

If Norwegian authorities decide to invest in the project, phase one could become operational in 2024, Equinor says.

[waldron] 15/5/2020 17:37

Brent Crude Oil NYMEX 32.14 +2.32%
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16,885.45 +0.10%



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Total
30.86 +0.16%


Engie
9.376 +1.41%



Bp
296.5 +0.02%

Vodafone
120.98 +1.22%

Royal Dutch Shell A
1,228 +1.99%


Royal Dutch Shell B
1,175.6 +1.48%