Total Share Discussion Threads

[waldron] 30/10/2020 07:46

TOTAL: Dividend Declaration
30/10/2020 7:37am
UK Regulatory (RNS & others)

TIDMTTA



Total Maintains the Third 2020 Interim Dividend At EUR0.66/share



Total (Paris:FP) (LSE:TTA) (NYSE:TOT):



The Board of Directors met on October 29, 2020, and declared the distribution of the third 2020 interim dividend at EUR0.66/share, stable compared to the first and second 2020 interim dividends. This interim dividend will be paid in cash exclusively, according to the following timetable:


Shareholders ADS holders
Ex-dividend date March 25, 2021 March 23, 2021
Payment date April 1, 2021 April 19, 2021

[waldron] 30/10/2020 07:44

The Board of Directors of TOTAL SE (Paris:FP) (LSE:TTA) (NYSE:TOT) at the meeting held on October 29, 2020, decided to propose to the Shareholders' Meeting on May 25, 2022, which will approve the financial statements for the fiscal year 2021:

-- the appointment of PWC as statutory auditor for a 6-year term in
replacement of KPMG whose term will end at that date and cannot be
renewed according to applicable regulations,

-- the reappointment of EY as statutory auditor for a 6-year term.


Patrick Artus, Chairman of the Audit Committee said: "In order to ensure that the high-quality audit of the Group is maintained through the implementation of a tailored transition plan between the former and new board of statutory auditors, the Audit Committee of TOTAL SE has decided to proceed, as from 2020, with the selection of the new board of statutory auditors whose terms will start at the conclusion of the Shareholders' Meeting on May 25, 2022.



"The selection process carried out by the Committee led to the recommendation to the Board of Directors to choose EY, a member of the current board of statutory auditors, and PWC whose teams have demonstrated, through a competitive process, their capacity to undertake the audit of the accounts of TOTAL SE and its subsidiaries according to best practices."



The Board of Directors of TOTAL SE also took note of the appointment by the Central Social and Economic Works Council on June 14, 2020 of Mr. Romain Garcia-Ivaldi as a director of the Company, the term of Mrs. Christine Renaud having expired at the conclusion of the Shareholders' Meeting on May 29, 2020. It also took note of the appointment on October 14, 2020 by the SE Committee, known as the Total European Committee, of Mr. Angel Pobo as a director of the Company. Pursuant to Article 11 of the Company's articles of association, the terms of Mr. Romain Garcia-Ivaldi and Mr. Angel Pobo will expire at the close of the Shareholders' Meeting called in 2023 to approve the Company's financial statements for the fiscal year 2022. As the Board of Directors of TOTAL SE also includes a member representing employee shareholders, it is now composed of thirteen members, including three employees of the Company.



About Total



Total is a major energy player, which produces and markets fuels, natural gas and 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.



* * * * *

[la forge] 28/10/2020 09:28

October /30 2020

Third Quarter 2020 Results

[la forge] 28/10/2020 08:25

Total (Paris:FP) (LSE:TTA) (NYSE:TOT) has made a significant gas condensate discovery on the Luiperd prospect, located on Block 11B/12B in the Outeniqua Basin, 175 kilometers off the southern coast of South Africa. This discovery follows the adjacent play opening Brulpadda discovery in 2019, which proved a significant new petroleum province in the region.



The Luiperd well was drilled to a total depth of about 3,400 meters and encountered 73 meters of net gas condensate pay in well-developed good quality Lower Cretaceous reservoirs. Following a comprehensive coring and logging program the well will be tested to assess the dynamic reservoir characteristics and deliverability.



"We are very pleased with this second discovery and its very encouraging results, which prove the world-class nature of this offshore gas play," said Arnaud Breuillac, President Exploration & Production at Total. "With this discovery and the successful seismic acquisitions, Total and its partners have acquired important data on the Paddavissie fairway, which will help to progress development studies and engage with South African authorities regarding the possible conditions of the gas commercialization."



The Block 11B/12B covers an area of 19,000 square kilometers, with water depths ranging from 200 to 1,800 meters. It is operated by Total with a 45% working interest, alongside Qatar Petroleum (25%), CNR international (20%) and Main Street, a South African consortium (10%).



About Total



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



* * * * *

[waldron] 28/10/2020 07:25

Total (Paris:FP) (LSE:TTA) (NYSE:TOT) is pursuing its strategy to reduce greenhouse gases emissions in maritime transportation, by chartering four Aframax-type vessels equipped with Liquified Natural Gas (LNG) propulsion. These vessels, each with a capacity of 110,000 tons of crude oil or refined products, will be delivered in 2023 and will join the time-chartered fleet of Total. The first two vessels will be chartered from shipowner Hafnia, and the remaining two from Viken Shipping.



The vessels have been designed with the most efficient LNG propulsion technologies to reduce emissions, allowing a significant decrease in Greenhouse Gases, of more than 5,000 tons per year and per ship compared to conventional vessels.



"This chartering contract is in line with our Climate Ambition and will contribute to our Net Zero carbon neutrality target by 2050 or before. This contract follows a similar one, signed earlier this year, for two LNG-powered VLCC (Very Large Crude Carriers), to be delivered in 2022." underlined Luc Gillet, Senior Vice President Shipping at Total. "LNG as a Marine Fuel remains the best and immediately available solution to reduce the carbon footprint of our shipping activities. With these four new vessels, we reaffirm our commitment to expand the use of cleaner marine fuels, for a more sustainable shipping".



The supply of LNG for these four LNG-powered vessels will be provided by Total Marine Fuels Global Solutions, Total's dedicated business unit in charge of worldwide bunkering activities.


LNG as a marine fuel, the best and immediately available solution to reduce
the environmental footprint of maritime transport A true technological
breakthrough in the service of environmental protection, LNG is now the best
available and technologically proven solution to significantly reduce the
environmental footprint of maritime transport. Compared to ships powered by
fuel oil, its use results in a reduction of: -- 99% of sulphur oxide
emissions; -- 99% of fine particles emissions; -- Up to 85% of nitrogen oxide
emissions; -- About 20% of greenhouse gases emissions.


Total, 2(nd) Largest Private Global LNG Player



Total is the second-largest private global LNG player, with an overall portfolio of around 50 Mt/y by 2025 and a worldwide market share of 10%. With over 34 Mt of LNG managed in 2019, the Group has solid and diversified positions across the LNG value chain. Through its stakes in liquefaction plants located in Qatar, Nigeria, Russia, Norway, Oman, Egypt, the United Arab Emirates, the United States, Australia or Angola, the Group sells LNG in all markets.

About Total



Total is a major energy player, which produces and markets fuels, natural gas and 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] 27/10/2020 10:23

October /30 2020

Third Quarter 2020 Results

[la forge] 27/10/2020 07:50

Total (Paris:FP) (LSE:TTA) (NYSE:TOT), through Total Quadran, a wholly-owned affiliate dedicated to developing and producing renewable energy in France, was awarded 67 megawatt-peak (MWp) of solar projects representing 20% of the volumes awarded in the eighth period of the CRE (French Energy Regulatory Commission) call for tenders. Total is thus consolidating its position as France's second-largest solar developer with 606 MW of projects in all the sections of the calls for tenders.



Most of the awarded sites will be developed on repurposed sites such as quarries and former industrial sites. Three of these projects are part of the solarization program for Total Group sites.



<< Total Quadran is proud to be among the leaders in renewable energies in France and to continue to perform in the calls for tenders of the French Energy Regulatory Commission. The results of the call for tenders are a good illustration of our ability to put together solid and competitive proposals in a competitive environment. >> said Thierry Muller, General Manager of Total Quadran.



Total, renewables and electricity



As part of its ambition to get to net zero by 2050, Total is building a portfolio of activities in renewables and electricity that could account for up to 40% of its sales by 2050. By the end of 2020, Total's gross power generation capacity worldwide will be around 12 gigawatts, including more than 7 gigawatts of renewable energy. With the objective of reaching 35 GW of production capacity from renewable sources by 2025, Total will continue to expand its business to become one of the world leaders in renewable energies.



About Total Quadran



Total Quadran, a pioneer of renewable energies in France, develops, builds and operates renewable electricity generation resources (wind, photovoltaic, hydro and biogas). Total Quadran operates over 300 renewable energy plants in France totaling nearly 1000 MW, generating 1,765 GWh of renewable electricity per year. This is the equivalent of the annual consumption of nearly 1 million people and annual savings of nearly 560,000 tons of CO2 emissions.



About Total



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



* * * * *

[sarkasm] 26/10/2020 16:38

spglobal.com




Agriculture | Electric Power | Natural Gas | Oil 26 Oct 2020 | 14:56 UTC London

Total plans to maintain, not shrink, future oil output despite tougher outlook: CEO

Author Robert Perkins Editor Jonathan Loades-Carter Commodity Agriculture, Electric Power, Natural Gas, Oil

Highlights

French group a 'proud' oil producer: Pouyanne

Recent Suriname find will need to be a 'giant'

Comes after BP pledge to cut oil, gas portfolio

London — French oil group Total has no plans to shrink its oil production volumes in the coming years but hopes to maintain its current output levels while prioritizing lower-cost, shorter-cycle upstream projects, its chief executive officer Patrick Pouyanne said Oct. 26.

"We don't want to decline oil on the production side, we'll continue," Pouyanne told an industry event on Oct 26. "It's a bit difficult to grow when you are selective but maintaining our oil production is part of a strategy...When we have opportunities to grow we'll do it...we are proud to be an oil producer."

Like many of its European rivals, Total has signaled a major boost in spending on renewables energy in the coming years as part of its strategy to shift to cleaner, lower-carbon fuels.

The company, which has said it expects global oil demand to peak in the 2030s, last month announced plans to grow its overall energy production by a third in the next decade, with half the growth coming from LNG and half from electricity, mainly renewables. With a shift in focus to cleaner, low-carbon energy, however, it said it expects its oil product sales will be reduced by almost 30% in the same timeframe.

Last year, Total's oil and gas output averaged 3.01 million boe/d, of which 1.67 million b/d, or 55%, was oil.

By 2030, the company expects its total energy sales mix will be: 50% gases, 30% oil products, 5% biofuels and 15% electrons. That compares with 55% oil products, 40% gas and 5% electrons in 2019.

BP in September became the first global oil major to abandon a long-held strategy of growing oil and gas portfolio, announcing plans to shrink upstream production by at least 1 million b/d of oil equivalent, or 40%, by 2030 as part of an ambitious transformation from an integrated hydrocarbons producer to a global energy major.

Looking for 'giant' finds

Although Total has no plans to follow suit, Pouyanne said Total is being more selective in its upstream investments, avoiding projects with multi-year exploration and development cycles such as deepwater offshore given the uncertainties over the future demand for oil and long-term oil prices.

"In order to be safe, we want to be sure that the oil that we invest [in] today -- when it faces lower demand -- continues to be competitive at a lower price," Pouyanne told the India Energy Forum.

Total has said its new upstream projects must have a breakeven of less than $25/b, and are able to produce a return of more than 15% at a $50/b long-term oil price.

Asked whether growing concerns over the climate and long-term oil demand threaten to create more stranded resources globally, Pouyanne said: "I think it will become an issue for countries that want to offer some exploration licenses...because we have to think, [for example] very deepwater, offshore exploration could take time to develop."

In Suriname, where Total and Apache recently made a third "substantial" offshore oil and condensate find, Pouyanne suggested that Total may not even consider developing the discovery unless it is a "giant" in terms of recoverable resources.

"If it's giant it works, if it's only interesting discoveries maybe they will have to stay where there are...So it might be an issue."

In Canada's oil sands industry, Pouyanne said he sees the potential that climate change and oil demand fears "may leave a lot of resources in the ground."

"There are a huge amount of resources which probably will not be all valorized in the long term in this type of environment," he added.

[sarkasm] 26/10/2020 11:41

Total’s carbon-neutral LNG cargo a sign of things to come
26 Oct 2020by John Snyder

In what could be the first of many such cargoes, French energy company Total has delivered its first shipment of ‘carbon-neutral’ LNG to the Chinese National Offshore Oil Corporation (CNOOC)


“This first LNG shipment, whose carbon emissions have been offset throughout the value chain, represents a new step as we seek to support our customers towards carbon neutrality,” explained Total president for gas Laurent Vivier. “The development of LNG is essential to meet the growth in global demand for energy while reducing the carbon intensity of the energy products consumed.”

The LNG cargo was loaded at the Ichthys liquefaction plant in Australia, and the shipment was delivered on 29 September to the Dapeng terminal, China.

With pressure mounting from shareholders, banks, governments and climate activists to lower global greenhouse gas emissions, Poten & Partners head of Asia business intelligence Sophie Tan said carbon-neutral LNG supply will be a “growth area over the next few years.” Ms Tan explained that sellers are offering “carbon-neutral LNG supply in the sense that they’re offering carbon offsets in a separate agreement with the LNG supply.”

Speaking during a recent Poten & Partners webinar, How will the decarbonisation push affect LNG project funding? MsTan said others were trying implement their own solutions, but “there is no fixed way of doing it at the moment.” She described three ways of providing carbon offsets for LNG, each of which must provide verified emissions reduction credits or verified carbon standards.

These methods are nature based, community based or through renewable projects. An example of a nature-based solution would be reforestation project.

A community-based project would be replacing fossil fuels with a cleaner source of energy. One such example would be switching from coal-fired power generation to providing renewable energy to a local community. “And it has to be a permanent reduction in carbon emissions to be picked to become a verified source of credit,” said Ms Tan. ‘If you are an oil and gas company, you could invest in renewable power projects and whatever carbon credits that you create from that project could be used against another project to reduce its carbon emissions.”

In the case of LNG cargo for CNOOC, Total said the carbon footprint of the LNG shipment was offset with VCS emissions certificates through the financing two projects:

Hebei Guyuan Wind Power Project, which aims to reduce emissions from coal-based power generation in northern China.

Kariba REDD+ Forest Protection Project, which aims to protect Zimbabwe’s forests.

Total and CNOOC have offset the amount of CO2 equivalent (CO2e) associated with the entire carbon footprint of the LNG cargo (including the production, liquefaction, shipping, regasification, and end-use) through VCS certified emission reduction projects.

[la forge] 26/10/2020 08:24

BP PLC said Monday that it is partnering with ENI Spa, Equinor ASA, National Grid PLC, Royal Dutch Shell PLC and Total SE to develop carbon-dioxide transport and storage infrastructure in the U.K. North Sea.

The FTSE 100 oil giant said the offshore infrastructure will serve the proposed Net Zero Teeside and Zero Carbon Humber decarbonization projects in England.

The partnership, named the Northern Endurance Partnership, has submitted a bid for government funding to develop an offshore pipeline network to transport captured CO2 emissions from both NZT and ZCH, to be stored in geological sites beneath the U.K. North Sea. The funds that are being sought are part of the 170 million-pound ($221.7 million) Industrial Decarbonisation Challenge, a component of the U.K. government's clean growth strategy.

BP said it will lead the Northern Endurance Partnership as operator, with teams drawing on expertise from across all the partners.



Write to Jaime Llinares Taboada at [e-mail]; @JaimeLlinaresT



(END) Dow Jones Newswires

October 26, 2020 03:57 ET (07:57 GMT)

[la forge] 25/10/2020 08:48

Total Considers Investing in Iraqi Natural-Gas Projects

Khalid Al-Ansary and Zainab Fattah, Bloomberg News

(Bloomberg) --

Total SE is considering natural-gas investments in Iraq, according to the Middle Eastern nation’s government.

The two sides held talks this week about projects in western Iraq and near the southern energy hub of Basra, the Iraqi oil ministry said in a statement. They hope to reach an agreement soon, the statement said, citing Oil Minister Ihsan Abdul Jabbar.

Jabbar met Total officials this week in Paris. He was with Iraqi Prime Minister Mustafa Al-Kadhimi’s delegation to the U.K., France and Germany, which was partly aimed at attracting European investment.

Iraq’s economy, which derives almost all income from oil, is under severe strain due to this year’s coronavirus-induced collapse in crude prices. The government is pushing to develop its vast gas reserves to diversify from oil.

Paris-based Total, one of the world’s biggest energy companies, has operated in Iraq for almost a century, having been part of the consortium that discovered the giant Kirkuk Field in the late 1920s. Today, it holds stakes in the southern Halfaya oil deposit and the northern Sarsang exploration block in Kurdistan.

[la forge] 25/10/2020 07:49

S and P Global Platts


Iraq is in talks with France's Total to invest in two gas projects

Author Dania Saadi Editor Claudia Carpenter Commodity Electric Power, Natural Gas, Oil

Highlights

Iraq wants to lower dependence on Iranian electricity, gas imports

It plans to reduce gas flaring by capturing associated gas

Most of Iraq's gas output is produced with oil

Dubai — Iraq is in talks with France's Total to invest in two gas projects, the country's oil minister said Oct. 24, as OPEC's second-largest producer seeks to boost natural gas production to lower dependence on electricity and gas imports from Iran.


Talks revolve around investments in a gas project west of Baghdad and another in the southern city of Basra, Ihsan Ismaael said in an oil ministry statement. He didn't disclose further details. Total wasn't immediately available outside normal business hours.

Currently Total has a 22.5% interest in the Halfaya oil field in Missan province in southern Iraq. It also owns an 18% stake in the Sarsang exploration block located in the northern semi-autonomous Kurdish region.

Iraq is under increasing pressure from Washington to ramp up gas production in order to wean itself off gas and electricity imports from Iran, which has been under US sanctions since 2018. Iraq has been receiving waivers to continue to import Iranian energy but these are temporary. The last sanctions waiver granted in September is for 60 days, half the previous 120-day exemption secured in May.

Flared gas

Iraq plans to capture an additional 1.2 Bcf/d of flared gas by the end of 2023, the deputy oil minister said Oct.19, as the country attempts to meet rising demand for the fuel for power generation.

Iraq, which has 132 Tcf of gas reserves, currently captures 1.5 Bcf/d of associated gas and wants to boost that figure to 2.5 Bcf/d by the end of 2023, Hamed al-Zobai said in the Oct. 19 statement.

The 1.2 Bcf/d of gas that will be captured includes 200 MMcf/d from Nasiriyah fields and 300 MMcf/d from Halfayah, with the two projects expected to be finished by the end of 2022. The ministry also plans to capture gas from Ar Ratawi fields by the end of 2023.

Iraq is the world's second worst flaring nation after Russia, burning some 18 Bcm (632 Bcf) in 2019, according a World Bank study published July 21.

Iraq also wants to develop two gas fields, Mansuriya and Akkaz, with the help of international oil companies, Zobai added.

The ministry has invited international companies to participate in a new licensing round and present their best offers to develop the 4.5 Tcf Mansuriya gas field, Ismaael said Oct. 15.

[la forge] 25/10/2020 07:24

How Uganda lost out in lucrative Tullow Oil deal

October 25, 2020
Written by URN

Uganda is expected to earn $14.6 million (about Shs 55 billion) as capital gains tax on the sale of oil and gas interests in Uganda by Tullow Oil to French multinational oil and gas company, Total SE.

The long-drawn-out process of Tullow Oil exiting Uganda has now entered the final chapter, after the Ugandan government and Uganda Revenue Authority (URA) together with the two companies reached a binding agreement on the taxes that should be paid.

Tullow discovered huge reserves of oil in the Lake Albert basin in western Uganda starting 2006. It had entered Uganda by acquiring the exploration interests of Energy Africa in 2004, and in 2007, it grew its fortunes when it acquired the licenses of Australian explorer, Hardman Resources in 2007.

But the development of the industry has been delayed by disagreements over legal and tax regimes. In 2010, it was not a smooth transaction when Tullow acquired the interests of Heritage Oil for $1.45 billion. The government slapped a $434 million (about Shs 1.62 trillion) capital gains tax from the transaction.


The tax is charged on the value of the transaction if the asset in question has gained value over time, but it is included in the business income tax. After a long two-year battle, involving suits in Ugandan courts and tax appeals tribunal, as well as arbitration in a London court, Uganda won the case.

By then, more than 1.7 billion barrels of oil had been discovered in the rift valley. At this same time, Heritage had deposited $121 million (Shs 451 billion) with URA as part of the tax in dispute but later refused to pay the balance when the ruling was made.

Government forced Tullow to pay the balance of $313 million (about 1.168 trillion), before allowing it to get new and bigger partners, Total of France and the Chinese group, CNOOC to join the project.

To sale two-thirds of its interests to the new partners, the government assessed a capital gains tax of $472 million (Shs 1.76 trillion) on the transaction valued at $2.9 billion (Shs 10.8 trillion). However, the tax appeals tribunal revised this amount to $407 million (Shs 1.9 trillion).

In 2017, as Uganda insisted on building a refinery on top of a crude export pipeline, Tullow Uganda’s parent company, Tullow Oil Plc started experiencing cash problems and decided to sell its entire assets in Uganda, to pay off debts worth more than $900 million (about Shs 4.4 trillion).

Tullow and the three partners found themselves at loggerheads with the state after it changed the route of the export pipeline to Tanzania’s port of Tanga, away from Lamu in Kenya. Tullow eventually decided to sell its Ugandan assets to Total, leading to another battle over taxes payable on the transaction then valued at $900 million.

Uganda assessed the tax at $300 million (Shs 1.4 trillion), which is one-third of the transaction value, but Tullow disputed this, saying the transaction was not taxable. Two years of negotiations saw the government reduce the bill to $167 million (Shs 632.5 billion), while Tullow insisted on paying $85 million (Shs 317 billion).

If the transaction had been concluded in 2019, the government would have received up to $85 million (Shs 317 billion). However, in April 2020, a new deal was reached at a revised value of $575 million (Shs 2.8 trillion) down from the initial $900 million (Shs 4.4 trillion), while the capital gains tax payable dropped to $14.6 million (Shs 54.5 billion), according to Tullow Oil Plc head of corporate affairs, George Cazenove.
After 14 years of exploring for oil in Uganda, Tullow is exiting the country which now has 6.5 billion barrels of oil confirmed and 1.7 billion recoverable, according to the government.

Tullow executive chairperson, Dorothy Thompson says the sale of assets in Africa, particularly in Uganda and Kenya is targeted at raising at least $1 billion to improve the company’s financial position.

“This is important for Tullow and forms the first step for our programme of portfolio management. It represents an excellent start towards our previously announced target of raising USD 1 billion. Tullow’s strategy to move to a more conservative capital structure,” she said.

[maywillow] 24/10/2020 13:37

Total Considers Investing in Iraqi Natural-Gas Projects

Khalid Al-Ansary and Zainab Fattah, Bloomberg News







(Bloomberg) --

Total SE is considering natural-gas investments in Iraq, according to the Middle Eastern nation’s government.

The two sides held talks this week about projects in western Iraq and near the southern energy hub of Basra, the Iraqi oil ministry said in a statement. They hope to reach an agreement soon, the statement said, citing Oil Minister Ihsan Abdul Jabbar.

Jabbar met Total officials this week in Paris. He was with Iraqi Prime Minister Mustafa Al-Kadhimi’s delegation to the U.K., France and Germany, which was partly aimed at attracting European investment.

Iraq’s economy, which derives almost all income from oil, is under severe strain due to this year’s coronavirus-induced collapse in crude prices. The government is pushing to develop its vast gas reserves to diversify from oil.

Paris-based Total, one of the world’s biggest energy companies, has operated in Iraq for almost a century, having been part of the consortium that discovered the giant Kirkuk Field in the late 1920s. Today, it holds stakes in the s

[waldron] 23/10/2020 17:11

Brent Crude Oil NYMEX 41.96 -1.11%
Gasoline NYMEX 1.13 -1.39%
Natural Gas NYMEX 3.22 -1.26%
WTI 40.129 USD -1.02%

FTSE 100
5,860.28 +1.29%
Dow Jones
28,252.21 -0.39%
CAC 40
4,909.64 +1.20%
SBF 120
3,894.66 +1.14%
Euro STOXX 50
3,198.86 +0.91%
DAX
12,645.75 +0.82%
Ftse Mib
19,215.9 +0.73%



Eni
6.444 +1.62%

Total
28.08 +1.67%


Engie
11.365 +1.38%

Orange
9.518 +1.86%

Bp
205.5 +2.04%

Vodafone
112.6 +3.53%

Royal Dutch Shell A
971.8 +2.47%


Royal Dutch Shell B
940.6 +2.84%


Tullow Oil (TLW)
21.63 1.83 (9.24%)

[waldron] 23/10/2020 07:40

European markets poised to inch higher as investors watch U.S. stimulus, earnings

Published Fri, Oct 23 20202:04 AM EDT

Elliot Smith
@ElliotSmithCNBC

Key Points

House Speaker Nancy Pelosi signaled that she and Treasury Secretary Steven Mnuchin were “just about there” in discussions over a new coronavirus aid bill.

Third-quarter corporate earnings releases before the bell Friday come from Barclays, Renault, Schneider, Daimler and ABB among others.

European markets are heading for a slightly higher open Friday morning as investors monitor signs of progress towards a U.S. stimulus deal and the continuing resurgence of the coronavirus.

Britain’s FTSE 100 is seen opening around 17 points higher at 5,802, Germany’s DAX is expected to climb by around 34 points to 12,577 and France’s CAC 40 is set to gain around 11 points to 4,862, according to IG data.

[waldron] 22/10/2020 11:21

Hordes of starlings have arrived

Sitting on the telephone wires distributed like a piece of sheet music or a scene fron THE BIRDS