Total Share Discussion Threads

[maywillow] 01/1/2021 16:09

Total asks Mozambique staff to leave as attacks draw near to liquid natural gas project
Matthew Hill and Francois de Beaupuy

[grupo guitarlumber] 01/1/2021 13:48

Upcoming events on ENGIE

FEBRUARY/26/2021 FY 2020 Earnings Release

MARCH/17/2021 | 09:45am ACI Hydrogen & Fuel Cells Energy Summit

MAY/18/2021 Q1 2021 Earnings Release

MAY/20/2021 Shareholders Meeting

[waldron] 31/12/2020 14:11

Tullow Oil (TLW)
Share Price: 29.58 Change: -0.20 (-0.67%)


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[sarkasm] 27/12/2020 11:21

THE TELEGRAPH



‘Profits will grow seven-fold' – why oil stocks are set for a bumper 2021

Earnings could rocket at companies sensitive to the economy while utilities and technology firms may struggle

By Sam Benstead 27 December 2020 • 5:00am

The oil sector is primed for a blowout 2021, with profits set to rise seven times compared with 2020....

[waldron] 27/12/2020 09:49

GULFNEWS




Although the pandemic will continue to weigh on oil demand in 2021, some estimates show that monthly supply deficits could reach their highest in years.

Rystad Energy expects vaccination campaigns to help bring a rapid recovery going forward. Monthly supply deficits will start from May, reaching a high of around 3.4 million barrels per day in August.

“As deficits continue uninterrupted through the year, August’s high could be repeated, if not exceeded by year-end,” the energy consultancy said.

“Our monitors in the US are starting to point out at stronger activity … In addition, there are winds of change forecasted in the geopolitical realm next year,” said Bjornar Tonhaugen, Head of Oil Markets at Rystad Energy.
Oil prices rally

Meanwhile, crude prices continued to rise as markets shrugged off US President Donald Trump’s threats to derail the stimulus programme.

Brent crude rose 2.7 per cent to $51.15 a barrel, while US crude (WTI) jumped 2.75 per cent to $48.05 a barrel.

“With liquidity falling into the holiday period, I expect oil to trade in some quite broad, and potentially volatile ranges in the days ahead,” said Jeffrey Halley Senior Market Analyst, Asia Pacific, OANDA.

“Oil’s ability to move through resistance depends entirely on developments in Washington DC, which are looking very messy at the moment,” said Halley. “That still leaves the door open equally, for a sharp fall or rally from here, despite the underlying bullish case for higher prices in 2021.”
Balanced market

Going into 2021, the market will largely be balanced in January, with supply and demand hovering between 77.7 and 77.8 million barrels per day (bpd), according to Rystad Energy.

The effect of global lockdowns will be felt even more in February and March as demand will not follow the growing supply, creating a surplus of 0.5 million bpd in February and 1.4 million bpd in March.

A minor surplus will also be recorded in April but the market will recovery shortly after, the consultancy said.

[waldron] 25/12/2020 18:53

Use of natural gas saves Tanzania $15.6bn
Dec 25, 2020

Tanzania has saved up to $15.6 billion (about Sh36 trillion) in energy costs by switching to natural gas as a source of energy from July 2004 to September 2020, the Tanzania Petroleum Development Corporation (TPDC) says.

The country saved this amount by using natural gas to replace expensive fuels such as heavy furnace oil (HFO) and other imported petroleum products.

Calculations by TPDC show that the country saved $13.21 billion in power generation, and $2.38 billion in industries that opted for natural gas as a source of energy. Natural gas – which is more cost-effective compared to petroleum products such as diesel, petrol and jet fuel – is also used in some households, institutions and vehicles.

TPDC communications manager Marie Msellemu told The Citizen that at least 48 industries have been connected to, and are fully using, natural gas to power their operations. Also, four institutions are using natural gas.

More than 1,000 households are currently using natural gas in Dar es Salaam and Mtwara regions, while there is only one CNG vehicle filling station at Ubungo in Dar, and two vehicle conversion institutions: Bico-UDSM and the Dar es Salaam Institute of Technology (DIT).

The government is planning to construct five more CNG filling stations at Ubungo, Kibaha, the Ferry Fish Market Area, Muhimbili National Hospital and the University of Dar es Salaam. “So far, more than 400 vehicles are using natural gas – thanks to online tax services. We (TPDC) have already designed the map for the five stations, and are in the process of finding a contractor,” she said.

Tanzania has so far discovered 57.8 trillion cubic feet (tcf) of natural gas deposits offshore and onshore.

However, exploration activities are still ongoing, with the industry regulators saying only 30 percent of the country has been explored.

With the available gas resource, the government is still negotiating with investors on the planned construction of a liquefied natural gas (LNG) plant in Lindi Region.

The country is yet to conclude its Host Government Agreement (HGA) negotiations with International Oil and Gas Companies (IOCs) on the LNG project.

Ms Msellem said TPDC is optimistic that the HGA negotiations would resume in January 2021.

“The technical team responsible for the HGA negotiations is currently in Arusha discussing vital issues regarding the Uganda-Tanzania̵7;s East Africa Crude Oil Pipeline (EACOP), whose preparations towards execution have reached advanced stages,” she said.

According to her, they have already paid Sh5.4 billion as compensation for land appropriated in Lindi for the $30 billion LNG project.

In addition, TPDC has ventured into the petroleum business, competing with private operators.

The corporation’s plan is to construct 100 distribution centres countrywide in the next five years, focusing on remote areas where there are no private petrol stations.

Ms Msellem said they have secured 300 acres of land at Chongoleani in Tanga, and 100 acres at Zuzu in Dodoma Region for locating special oil reserve tanks.

“The reserve tanks will help to feed the country during times of oil scarcity. They will also help to control price escalations,” she said.

The year-2020 was good for the oil sector as Uganda and Tanzania signed the Host Government Agreement (HGA) for construction of the East Africa Crude Oil Pipeline project in September, Ms Msellem said.

On October 27, 2020, the French oil group Total signed an agreement with the government of Tanzania (HGA), for the construction of the EACOP.

The oil and gas sector offers huge potential for economic growth in the eastern African region.



Source: Citizen

[sarkasm] 20/12/2020 13:34

Summary

A weaker dollar in 2021 is likely to open the door for higher oil prices, as analysts widely expect the greenback to struggle next year.

[the grumpy old men] 20/12/2020 07:24

Total to build 35 MW solar plant in Angola PV Magazine
14:05 Fri, 18 Dec

[waldron] 18/12/2020 17:57

Bp
271.35 +0.74%

Vodafone
125.98 +0.40%

Royal Dutch Shell A
1,381.2 -0.55%



Royal Dutch Shell B
1,341 -0.67%

Tullow Oil (TLW)
31.67 -0.08 (-0.25%)



Total
35.99 -1.09%


Engie
12.625 -0.36%

Orange
9.95 +3.37%


Axa
19.884 -1.30%



Eni
8.621 -1.03%

[sarkasm] 17/12/2020 10:53

S and P GLOBAL Platts


Eight energy majors agree energy transition principles, action on emissions

Author Stuart Elliott Editor Norazlina Jumaat Commodity Coal , Energy Transition, Natural Gas Topic Energy Transition, Environment and Sustainability

Highlights

Seven European majors plus Occidental sign up

Focus on reducing emissions, transparency

Carbon intensity metrics to be developed

London — Seven European energy majors and the US' Occidental Petroleum have jointly developed and agreed on six principles as part of a "collaborative platform" to support the energy transition, according to a statement Dec. 17.

BP, Shell, Eni, Equinor, Galp, Repsol, Shell, Total, and Occidental have agreed to apply six energy transition principles as part of efforts to combat climate change.

"Meeting the challenge of tackling climate change requires unprecedented collaboration between energy companies, governments, investors and other stakeholders," the CEOs of the participating companies jointly said.

"The principles will act as a framework for actions leading energy companies are taking together, as well as a platform for collaborating with wider stakeholders," they said.

The principles support "collective industry acceleration" to contribute to the Paris Agreement objectives with a focus on reducing greenhouse gas emissions, developing carbon sinks, and transparency.

The six principles are:

To publicly support the goals of the Paris Agreement, including international cooperation as a vehicle to ensure these goals can be achieved at the lowest overall cost to the economy.

In line with each company's individual strategy, ambitions and aims, to work to reduce emissions from their own operations and strive to reduce emissions from use of energy, together with customers and society. Companies may measure their contributions using carbon intensity and/or absolute metrics at different points in the value chain as determined by their approach.

To collaborate with interested stakeholders, including energy users, investors and governments, to develop and promote approaches to reduce emissions from use of energy, in support of countries delivering their Nationally Determined Contributions (NDCs) towards achieving the goals of the Paris Agreement.

To continue to support and promote development of emissions sinks such as carbon capture, utilization and storage technology (CCUS) and natural sinks.

to provide disclosure related to climate change risks and opportunities consistent with the aims of the recommendations of the taskforce on Climate-related Financial Disclosures (TCFD).

To report information about their memberships of main industry and trade associations and their alignment with the companies' key climate advocacy and policy positions.

A major issue raised by many stakeholders in the energy transition is the methodology used by the industry in reporting their emissions, with increasing calls for more consistency and transparency in the metrics used to report on climate-related performance.

While each company has its own strategy, aims and ambitions regarding the energy transition, many of the companies are collaborating on two further strands of technical work.

The first is on increasing transparency and consistency of the definitions and scopes used for data reporting, and acknowledging where differences remain "due to the diversity of the companies' businesses and approaches."

The second is to work to develop a consistent methodological framework to measure and report the net carbon intensity of their energy products and emissions reduction activities.

"This is an important foundational commitment," Adam Matthews, Chair of the Climate Action 100+ European Investor Working Group on a Net Zero Standard, said.

"It represents a significant consolidation of the progress that has been made in Europe whilst also seeing the first US oil and gas company joining with their European peers," Matthews said.

"It is extremely helpful to have a position from these companies that unifies around core principles including on Scope 3 emissions and corporate lobbying."

[waldron] 15/12/2020 15:33

Total SE said Tuesday that the government of Norway has approved the final investment decision for a carbon-dioxide sequestration project the company plans to launch with Royal Dutch Shell PLC and Equinor ASA in the Northern North Sea.

The French oil-and-gas major said the project, which is called "Northern Lights", includes the development and operation of CO2 transport and storage facilities. Phase one is expected to be completed in 2024.

Merger clearances are underway and the partners are in the process of establishing a joint venture responsible for the project activities, Total said.



Write to Giulia Petroni at [e-mail]



(END) Dow Jones Newswires

December 15, 2020 09:44 ET (14:44 GMT)

[waldron] 11/12/2020 17:08

Brent Crude Oil NYMEX 50.00 -0.73%
Gasoline NYMEX 1.31 -0.70%
Natural Gas NYMEX 2.62 +1.24%
WTI 46.645 USD -0.91%


FTSE 100
6,546.75 -0.80%
Dow Jones
29,930.28 -0.23%
CAC 40
5,507.55 -0.76%
SBF 120
4,355.92 -0.72%
Euro STOXX 50
3,487.35 -1.08%
DAX
13,114.3 -1.36%
Ftse Mib
21,709.76 -0.94%



Eni
8.808 -1.43%



Total
37.02 -1.71%



Engie
12.34 -0.44%

Orange
9.908 -4.04%

Axa
19.658 -1.73%

Bp
275.25 -3.34%

Vodafone
130.98 -2.06%

Royal Dutch Shell A
1,394.8 -2.79%

Royal Dutch Shell B
1,337.4 -3.45%

Tullow Oil (TLW)
31.65-1.08 (-3.30%)

[sarkasm] 11/12/2020 08:24

energyvoice


Court backs Total in Uganda vigilance case

The Versailles Court of Appeal has found in favour of Total on its actions in Uganda, where the company is working on an oil production and pipeline plan.

by Ed Reed

[maywillow] 10/12/2020 08:41

Total acquires stake in $2bn Energía Costa Azul LNG project in Mexico

Oil & GasMidstreamLNG Terminal

By NS Energy Staff Writer 10 Dec 2020

The French company has also signed a 20-year agreement to purchase nearly 1.7Mtpa of LNG from the export facility.
Sempra ECA LNG

Energía Costa Azul regasification terminal in Baja California, Mexico. (Credit: Sempra LNG.)

French oil and gas company Total has acquired a 16.6% stake in the phase 1 of the Energía Costa Azul LNG project, to be located in Baja California, Mexico.

ECA Liquefaction (ECA LNG), a joint venture of Sempra LNG and Infraestructura Energética Nova (IEnova), has signed an equity investment agreement to finalise Total’s participation in the project.

Sempra LNG and IEnova will each own 41.7% ownership in the LNG project.

Sempra LNG CEO Justin Bird said: “We are excited to extend our strategic alliance with Total, a global LNG leader, as we commence construction on our landmark ECA LNG Phase 1 project and help expand Total’s North America LNG infrastructure portfolio.

“This agreement is the next step in advancing our long-term strategy to provide the world with access to diverse U.S. natural gas basins that can offer reliable and more secure forms of energy from both the Pacific and Gulf Coasts.”

In November, ECA LNG has reached a final investment decision (FID) for the construction and operation of the approximately $2bn LNG export facility.

To be built at IEnova’s existing Energía Costa Azul LNG regasification facility, ECA LNG Phase 1 will feature single-train liquefaction facility with a nameplate capacity of 3.25 million tonnes per annum (Mtpa) of LNG.

The project is said to be the first Pacific Coast LNG export project that will have direct access to abundant natural gas supplies in Texas and the Western US.

Total has also signed a 20-year sale and purchase agreement for nearly 1.7Mtpa of LNG from the export facility.

The company is also a partner to Sempra LNG in Cameron LNG export facility in Hackberry, Louisiana. The 12Mtpa facility reached full commercial operations in August of this year.

Japan’s Mitsui has also signed a 20-year agreement with to buy approximately 0.8Mtpa of LNG from phase 1 of the project.

[maywillow] 10/12/2020 08:09

Total SE said Thursday that it has finalized its equity participation in the Energia Costa Azul liquefied natural gas export project in Mexico, and now holds a 16.6% equity share in the project.

The French oil-and-gas major said the investment was finalized through binding agreements with Sempra LNG and Infrastructura Energetica Nova SAB de CV, the other co-owners of the project.

The project is for the development, construction and operation of a single-train liquefaction facility in Baja California, Mexico. It is expected to start in 2024, Total said.



Write to Cecilia Butini at [e-mail]



(END) Dow Jones Newswires

December 10, 2020 02:49 ET (07:49 GMT)