Total Share Discussion Threads

[grupo] 02/10/2020 07:44

Total: Goldman Sachs remains on the buy side with a reduced target price of EUR 48 to EUR 46.

[grupo] 01/10/2020 13:22

10/01/2020 | 10:51am BST

Analyst Thomas Adolff from Credit Suisse research gives the stock a Neutral rating.

The target price is unchanged and still at EUR 39.

[grupo] 01/10/2020 13:20

10/01/2020 | 11:24am BST

In his latest research note, analyst Jon Rigby confirms his positive recommendation. The broker UBS is keeping its Buy rating.

The target price is lowered from EUR 44 to EUR 41.

[la forge] 29/9/2020 20:51

Total Makes Peak Oil Demand Prediction
by Bloomberg
|
Francois de Beaupuy & James Herron
|
Tuesday, September 29, 2020


Total Makes Peak Oil Demand Prediction
The French energy giant's analysis is more conservative than BP's.

(Bloomberg) -- Total SE joined the ranks of oil companies anticipating a peak for the industry in the coming decade, saying demand growth will end around 2030.

While the French energy giant’s analysis is more conservative than that of BP Plc, which earlier this month said the era of oil-market growth was already over, it adds to the chorus of executives and investors predicting rapid change for the industry.

Energy demand increased in all the scenarios considered in Total’s Energy Outlook report published on Tuesday, but most of the gains were seen being satisfied by low-carbon power. Electricity will comprise 30% to 40% of final energy demand in 2050, up from 20% today, it said.

The outlook was better for the company’s other main product, natural gas, which is expected to play a key role in energy markets for decades to come as a less carbon-intensive bridge fuel.

Total and its European peers are channeling investment into clean energy such as solar and wind, battery technology and car-charging networks. While investors in BP and Royal Dutch Shell Plc appear skeptical of the transition, particularly after suffering big dividend cuts earlier this year, Total has so far avoided any big stumbles.

[la forge] 29/9/2020 16:38

Total sees oil demand peaking around 2030 as world goes green

Francois de Beaupuy and James Herron, Bloomberg News









Total SE joined the ranks of oil companies anticipating a peak for the industry in the coming decade, saying demand growth will end around 2030.

While the French energy giant’s analysis is more conservative than that of BP Plc, which earlier this month said the era of oil-market growth was already over, it adds to the chorus of executives and investors predicting rapid change for the industry.

Energy demand increased in all the scenarios considered in Total’s Energy Outlook report published on Tuesday, but most of the gains were seen being satisfied by low-carbon power. Electricity will comprise 30 per cent to 40 per cent of final energy demand in 2050, up from 20 per cent today, it said.

The outlook was better for the company’s other main product, natural gas, which is expected to play a key role in energy markets for decades to come as a less carbon-intensive bridge fuel.

Total and its European peers are channeling investment into clean energy such as solar and wind, battery technology and car-charging networks. While investors in BP and Royal Dutch Shell Plc appear skeptical of the transition, particularly after suffering big dividend cuts earlier this year, Total has so far avoided any big stumbles.

[la forge] 29/9/2020 15:45

Total solar deal ‘highlights importance’ of renewables integration for oil majors

Features & AnalysisOil & GasSolar

By James Murray 29 Sep 2020

The French oil firm plans to develop 3.3 gigawatts worth of solar capacity near Madrid, Spain, as part of its ambition to become the “responsible energy major”
Solar panels

Total is just one of several major petroleum companies that have scaled-up on renewables recently, as they look towards a future beyond fossil fuels (Credit: Wikimedia/US Air Force)

The latest solar power deal announced by Total highlights the importance of renewables integration for oil majors as part of their energy transitions, says an analyst.

The French oil firm plans to develop 3.3 gigawatts (GW) worth of solar capacity near Madrid, Spain, having signed an agreement with Spanish developer Ignis.

The Paris-headquartered company is just one of several major petroleum companies that have scaled-up on renewables recently, as they look towards a future beyond fossil fuels.

Will Scargill, managing oil and gas analyst at data and analytics firm GlobalData, said Total’s latest solar deal comes amid a “flurry of activity” by European majors to “further its ambitions on the energy transition”.

“Total is already a leader among the oil majors in terms of active renewables capacity, mostly through solar projects,” he added.

“Linking this new capacity to the power needs of its European operations means that the deal will support its net-zero 2050 target, as well as its target for 25GW gross renewables capacity by 2025.”


Total has ramped up its clean energy ambitions despite the coronavirus pandemic

As part of its ambition to become the “responsible energy major”, Total is building a portfolio of low-carbon electricity operations, with the objective of them accounting for 40% of its sales mix by 2050.

Despite fears for oil companies around prices and demand following the impact of the coronavirus pandemic, it has so far ramped up its commitment to clean energy this year.

Currently, Total’s gross low-carbon power generation capacity is close to 9GW, of which more than 5GW comes from renewable energy sources.

As part of its latest commitment, the first solar projects are scheduled to start in 2022, with the ambition of bringing them all into production by 2025.

It will bring the companies solar portfolio under development in Spain to more than 5GW by 2025, which will position the firm as a “major player in the country’s energy transition”, as it aims to generate 70% of its electricity from renewables by 2030 and then 100% by the middle of the century.


Solar power is one of the preferred technologies among oil majors

Scargill said solar power is one of the preferred technologies among oil majors looking to grow their renewables portfolios due to its “relatively low cost and short investment cycle”.

“This deal adds to Total’s portfolio of upcoming solar capacity, which makes up the majority of the company’s renewables pipeline,” he added.

“Similarly, solar is a strategic focus for BP – the other leading oil major in terms of renewables development – through its Lightsource BP joint venture.”

The analyst believes the integration of renewables capacity with traditional oil and gas operations will be a “critical tool” as companies target net zero by 2050.

“For Total, this move to power all of its European industrial sites through solar is a significant step, as the region represents almost 70% of its global refining capacity,” he added.

“More integration is likely across the oil and gas sector, whether through development of renewables capacity at facilities or through green power purchase agreements.”

[florenceorbis] 29/9/2020 08:53

rechargenews.com

[florenceorbis] 29/9/2020 08:46

offshore technology.com

Total to divest 15% more interest in Gina Krog field offshore Norway
19 October 2015 (Last Updated October 19th, 2015 18:30)

Total has signed an agreement to sell a further 15% interest in Gina Krog field off Norway to Sequa Petroleum's subsidiary Tellus Petroleum for Nkr.4bn ($172m).
Share Article
Gina Krog

Total has signed an agreement to sell a further 15% interest in Gina Krog field off Norway to Sequa Petroleum's subsidiary Tellus Petroleum for Nkr.4bn ($172m).

Under the agreement, Tellus will acquire interests of 30% in PL 029C, 14.78% in PL 029C and 21.8% in PL 048, representing 15% in the Gina Krog field.

Total Exploration and Production president Arnaud Breuillac said: "As a result of a full comparative review of our global asset portfolio and in particular of our vast portfolio of opportunities in Norway, we have decided to further divest our participation in this project after the initial sale of an 8% interest in 2014.

"This sale is in line with our willingness to optimise the group's allocation of capital."

The Gina Krog project was sanctioned in 2013 and is currently under development in the Norwegian North Sea.
"This sale is in line with our willingness to optimise the group's allocation of capital."

The field operated by Statoil with 58.7% interest is expected to be operational in 2017 and will provide cash-flow that will enable further growth of Sequa Petroleum. Other partners are Total (30%), PGNiG (8%) and Det norske (3.3%).

Once the sale concludes, Total will retain a 15% interest in the field.

According to Sequa Petroleum, the addition of Gina Krog will provide the company with a further high-quality asset in its core North Sea area.

The transaction is effective from 1 January, subject to approval from the Norwegian authorities.

Independent oil and gas company Tellus is currently developing a portfolio of interests in discoveries and producing fields on the Norwegian Continental Shelf.

[florenceorbis] 29/9/2020 08:38

Total SE said Tuesday that it is acquiring electric-vehicle charging network Source London from Bollore SE.

"With this transaction, Total is taking over the management and operation of Source London, the largest electric vehicle charging network citywide, which includes more than 1,600 on-street charge points," the French oil-and-gas company said.

Total said it expects the transaction to close by the end of the year.

The London charging network will be powered with electricity that will be 100% from renewable sources and supplied by its subsidiary Total Gas & Power Ltd, it said.

The Source London network currently represents more than half of the charge points in operation in London and will help Total meet its ambition to operate more than 150,000 electric-vehicle charge points by 2025, it said.



Write to Olivia Bugault at [e-mail]



(END) Dow Jones Newswires

September 29, 2020 03:05 ET (07:05 GMT)

[grupo guitarlumber] 28/9/2020 08:48

28/09/2020 | 08:31
In a research note, JP Morgan analyst Christyan Malek has maintained his recommendation on the stock with buy.


The price target is unchanged at EUR 42.

[waldron] 28/9/2020 08:19

28/09/2020 7:56am
Dow Jones News

Total (EU:FP)
Intraday Stock Chart


Monday 28 September 2020
Click Here for more Total Charts.

Regulatory News:



Total (Paris:FP) (LSE:TTA) (NYSE:TOT) announces that it has reached an agreement on September 24(th) , 2020 to transfer to Petrobras its equity interest in five exploration blocks in the Foz do Amazonas Basin, located 120 kilometers offshore Brazil. These blocks are referenced as FZA-M-57, FZA-M-86, FZA-M-88, FZA-M-125 and FZA-M-127.



The closing of the transaction is subject to the preemption rights of partners in the blocks and standard regulatory approvals.



About Total in Brazil



Total has been present in Brazil for over 40 years and has more than 3,000 employees in the country. The Group operates in all segments: exploration and production, gas, renewable energies, lubricants, chemicals, and distribution.



In 2019, the Group's production in the country averaged 16,000 barrels of oil per day. In October 2019, a consortium led by Total was awarded Block C-M-541, located in the Campos Basin, in the 16th Bidding Round held by Brazil's National Petroleum Agency (ANP).



In 2017, Total and Petrobras formed a Strategic Alliance encompassing exploration and production and gas, renewables and power activities. Through the Alliance, the two groups are implementing R&D projects on topics such as artificial intelligence leading to efficiency gains, with direct applications in Brazil. Total entered the fuel distribution market in Brazil with the acquisition in December 2018 of Grupo Zema's distribution activities. Total thus owns a network of 280 service stations, as well as several storage facilities for petroleum products and ethanol.



About Total



Total is a broad energy company that produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.

[grupo guitarlumber] 26/9/2020 09:32

DIVIDEND PAY DATE 2ND OCTOBER

[adrian j boris] 26/9/2020 07:52

Spot natural gas prices at the Dutch TTF hub are also at multi-month highs at over $3/MMBtu, compared to a low of below $1/MMBtu in May, opening the window for profitable U.S. LNG exports to the region again.

Having plunged by more than 50 percent between January and July, U.S. LNG exports are set to pick up the pace, and the increase already started in August.

As per EIA estimates, U.S. LNG exports averaged 3.7 Bcf/d in August, up by 19 percent from July amid rising spot and forward natural gas prices in Europe and Asia.

“Higher global forward prices indicate improving netbacks for buyers of U.S. LNG in European and Asian markets for the upcoming fall and winter seasons amid expectations of natural gas demand recovery and potential LNG supply reduction because of maintenance at the Gorgon LNG plant in Australia,” the EIA said, expecting U.S. LNG exports to return to pre-COVID levels by November 2020 and to average more than 9 Bcf/d from December 2020 through February 2021.

The EIA expects that lower U.S. gas production, coupled with rising domestic demand and demand for LNG exports in the winter, will send Henry Hub spot prices jumping to a monthly average of $3.40/MMBtu in January 2021. Monthly average spot prices are set to remain above $3.00/MMBtu for all of next year, averaging $3.19/MMBtu in 2021, up from a forecast average of $2.16/MMBtu in 2020.

By Tsvetana Paraskova for Oilprice.com

[waldron] 25/9/2020 17:32

Brent Crude Oil NYMEX 42.24 -0.52%
Gasoline NYMEX 1.18 +0.58%
Natural Gas NYMEX 2.82 -1.40%
WTI 40.076 USD -0.45%


FTSE 100
5,842.67 +0.34%
Dow Jones
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CAC 40
4,729.66 -0.69%
SBF 120
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Euro STOXX 50
3,137.06 -0.70%
DAX
12,469.2 -1.09%
Ftse Mib
18,681.37 -1.19%

Eni
6.88 -1.81%



Total
28.06 -3.32%ex divi day


11.12 -0.13%

Orange
8.89 -1.44%



Bp
233.3 +0.39%

Vodafone
103.8 -0.04%

Royal Dutch Shell A
1,004.8 -0.91%


Royal Dutch Shell B
972.1 -0.61%


Tullow Oil (TLW)
: 15.46 -0.195 (-1.25%)

[sarkasm] 25/9/2020 16:19

TOTAL SA : UBS maintains a Buy rating


0
09/25/2020 | 11:50am BST

Already positive, the research from UBS and its analyst Jon Rigby still consider the stock as a Buy opportunity. The target price continues to be set at EUR 44.

[sarkasm] 25/9/2020 12:11

September/25 2020

Ex-Dividend date for the 1st 2020 interim Dividend

[the grumpy old men] 25/9/2020 08:35

Total SE has signed an agreement to develop 3.3 gigawatts of solar-power projects in Spain, the French energy company said Friday, in a deal that will increase the use of renewable energy at its industrial sites.

The agreement, with Spanish developer Ignis Energia, will bring Total's Spanish solar portfolio to more than 5GW by 2025. The first projects under the new agreement are scheduled to start in 2022, Total said, with all projects set to be in production by 2025.

The energy company said it aims to use the electricity generated by its Spanish solar projects to power all of its industrial sites in Europe by 2025. To this end, Total will buy close to 6 terawatt-hours per year from its solar projects in Spain through a power-purchase agreement. This PPA will be the largest corporate PPA in the world, Total said, and will allow the company to reduce Scope 2 greenhouse-gas emissions by almost 2 million metric tons per year.

"Our ambition, first and foremost, is to provide a clean, affordable electricity offering to our residential customers in Spain," said Total Chairman and Chief Executive Patrick Pouyanne. "Spain is a priority country for Total in Europe and we fully intend to leverage the market's growth opportunities that the country offers to respond concretely to the challenges of the energy transition towards carbon neutrality."



Write to Joshua Kirby at [e-mail]



(END) Dow Jones Newswires

[the grumpy old men] 24/9/2020 10:26

Total SE said Thursday that it would invest more than 500 million euros ($584.1 million) to convert its Grandpuits refinery in France into a zero-crude platform for biofuels and bioplastics.

The French energy company said crude refining at the platform will be discontinued in the first quarter of 2021, while storage of petroleum products will cease in late 2023.

The platform will be refocused on the production of renewable diesel, bioplastics, plastics recycling and the operation of two photovoltaic solar plants.

Service stations and airports in the Greater Paris region won't be affected, according to the company, as they will be supplied by other Total refineries.



Write to Giulia Petroni at [e-mail]



(END) Dow Jones Newswires

September 24, 2020 04:55 ET (08:55 GMT)

[the grumpy old men] 24/9/2020 07:41

Total has been heavily penalised in recently , returning
currently to the major support zone of 29.7 EUR in data
daily. This level could contain the inclination to fall and
generate a technical recovery in the direction of 34 EUR.

[ariane] 22/9/2020 11:00

Arctic LNG 2 expected to receive $9.5B international backing

September 22, 2020 Company News, Europe, Featured, Government, Infrastructure, Natural Gas, News 0

Russia’s Arctic LNG 2 project is said to have lined up around $9.5 billion in financing from international lenders, with backing expected mostly from China.

According to reports, the China Development Bank is expected to offer a facility worth $5 billion. Other potential lenders could include French state investment and credit agency Bpifrance, with a recommended offer of $700 million in credit finance, and Germany’s Euler Hermes, with a covered facility of $300 million.

The Japan Bank for International Cooperation (JBIC) is also said to be providing the $21.3 billion project with a $2.5 billion facility; an unnamed Russian bank $1.5 billion and Italy’s SACE a covered facility of $1 billion.

The Novatek-led project, located in the Gydan Peninsula, is currently under construction. Start up of the 19.8 million tonnes per annum (Mtpa) liquefaction capacity is slated for 2023, with full capacity target at 2026.

Other partners to the project include Total (10%), CNPC (10%), CNOOC (10%) and the consortium of Mitsui and Jogmec (10%), Kallanish Energy notes.

As previously reported, Russia’s largest bank said it would provide €2.7 ($3.18) billion for the project. It’s estimated Arctic LNG 2 would demand between $9-11 billion in external financing.

[ariane] 22/9/2020 08:45

Total SE : A good level to buy


09/22/2020 | 07:58am BST
long trade

Entry price : 29.9€ | Target : 32.37€ | Stop-loss : 28€ | Potential : 8.26%

The selling pressure regarding Total SE shares could subside shortly.

In fact, the support area that is currently being tested around 29.7 EUR has come into play and could, at least in the short term, keep the downside pressure at bay.

Investors have an opportunity to buy the stock and target the € 32.37.

Summary

In view of fundamental criteria, the company is among low performers as far as mid or long-term investment strategy is concerned.

For a short-term investment strategy, the company has poor fundamentals.


Strengths

The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at EUR 25 EUR in weekly data.

The close medium term support offers good timing for purchasing the stock.

The company has attractive valuation levels with a low EV/sales ratio compared with its peers.

The company is one of the best yield companies with high dividend expectations.

Analysts covering this company mostly recommend stock overweighting or purchase.

The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.


Weaknesses

As estimated by analysts, this group is among those businesses with the lowest growth prospects.

The group usually releases earnings worse than estimated.

The company's sales previsions for the coming years have been revised downwards, which foreshadows another slowdown in business.

For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.

For the last four months, earnings estimated by analysts have been revised downwards with respect to the next two years.

For the past year, analysts have significantly revised downwards their profit estimates.