Total Share Discussion Threads

[grupo] 06/2/2018 10:01

TIDMTTA



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



Total Marine Fuels Global Solutions (TMFGS) and Mitsui O.S.K. Lines, Ltd. (MOL) have signed a long-term charter contract for a large LNG bunker vessel of 18,600 m³, to be delivered in 2020. She will operate in Northern Europe and will be the first ever capable of supplying large quantities of LNG in one single bunkering operation.



With this vessel, TMFGS intends to serve the emerging marine LNG market for the container ships segment, including those sailing on the Europe-Asia trade. She will be used in particular to supply CMA CGM's new build LNG mega container ships, following the 10 years contract of 300 kt per annum signed with TMFGS in December 2017.



This bunker vessel will be built by Hudong-Zhonghua Shipbuilding in China and fitted with the Mark III membrane containment system provided by the French company GTT. Highly manoeuvrable by design, with a length of about 135 meters, she will be able to operate safely in the considered harbours and terminals. She will meet the highest environmental standards through the use of LNG as fuel and a complete reliquefaction of the boil-off gas.



The newbuild vessel will be managed by MOL (Europe Africa) Ltd, a UK subsidiary of MOL.



This agreement is a significant milestone in the cooperation between MOL and Total Marine Fuels Global Solutions, with developments in both conventional fuels and LNG ahead of 2020 IMO sulphur regulations. Beyond their historical commercial relationship, the two companies have also signed a Memorandum of Understanding to combine their expertise in the development of marine LNG infrastructures and serve MOL future LNG needs.



Olivier Jouny, Managing Director of TMFGS, commented on the decision: "We are very proud to partner with MOL for our first LNG bunker vessel. Their track record in LNG shipping already includes major achievements with Total. Combined with our strong historical activity in the bunker industry and our global footprint in LNG, this pioneer agreement offers a major contribution to the development of LNG as a marine fuel and illustrates Total's strong commitment towards the use of this new fuel.



Takeshi Hashimoto, MOL Senior Managing Executive Officer, Energy Transport Business Unit, said: "We are delighted to be selected as a partner of Total Marine Fuels Global Solutions for their first LNG bunker vessel.This is a key milestone for MOL and also a stepping stone to further enhancement of the two companies' relationship of not only in conventional fuels but also LNG as a marine fuel.We are confident that our joint technical and operational expertise will contribute positively to this new business development. "



About Total Marine Fuels Global Solutions



Total Marine Fuels Global Solutions is Total's dedicated business unit in charge of worldwide bunkering activities. Total Marine Fuels Global Solutions is the single point of contact for a full spectrum of solutions with innovative and efficient bunkering services. www.marinefuels.total.com .



About Total



Total is a global integrated energy producer and provider, a leading international oil and gas company, a major player in low-carbon energies. Our 98,000 employees are committed to better energy that is safer, cleaner, more efficient, more innovative and accessible to as many people as possible. As a responsible corporate citizen, we focus on ensuring that our operations in more than 130 countries worldwide consistently deliver economic, social and environmental benefits.



About Mitsui O.S.K. Lines



Mitsui O.S.K. Lines, Ltd. (MOL), as a multi-modal transport group, meets the needs of the era in a wide variety of fields including dry bulkers such as iron ore carriers, coal carriers, and woodchip carriers, crude oil tankers, LNG carriers and offshore business, methanol carrier, chemical tankers, product tankers, car carriers, ferries, RORO ships, logistics, and containerships that carry a broad range of products.



MOL's activities are truly borderless, based on the operation of one of the world's largest merchant fleets, backed by expertise and technology developed throughout our over 130-year history. MOL supports the growth of the world economy with the entire globe as our stage, while continually evolving into an excellent and resilient corporate group.



* * * * *



Total contacts



Media Relations: [phone] | [e-mail] | @TotalPress



Investor Relations: [phone] | [e-mail]



MOL contacts



Mitsui O.S.K. Lines, Ltd.



Public Relations Office



Telephone : [phone]



Facsimile : [phone]



Cautionary note



This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms "Total" and "Total Group" are sometimes used for convenience where general references are made to TOTAL S.A. and/or its subsidiaries. Likewise, the words "we", "us" and "our" may also be used to refer to subsidiaries in general or to those who work for them.



This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL S.A. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise




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(END) Dow Jones Newswires

February 06, 2018 04:33 ET (09:33 GMT)

[grupo] 06/2/2018 10:00

Total: signs a long-term charter contract with MOL
Total (EU: FP)
Intraday Chart of the Action

Today: Tuesday 6 February 2018
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(CercleFinance.com) - Total announces the signing of a long-term charter contract with Mitsui O.S.K Lines for a supply vessel for Liquefied Natural Gas (LNG).

This bunker ship has a capacity of 18,600 m3 and will be delivered in 2020. The ship, positioned in Northern Europe, will be the first capable of providing significant quantities of LNG in a single fueling operation.

'With this vessel, TMFGS intends to supply the nascent marine fuel LNG market for the container ship sector, especially those operating the Europe-Asia link,' says the group.

In particular, this vessel will supply CMA CGM's new mega-container LNG container ship following TMFGS '300,000-tonne, 10-year contract signed in December 2017.

Olivier Jouny, Chief Executive Officer of TMFGS, said: 'By combining our strong historical presence in the marine fuel market with our global positioning in the LNG market, this pioneering contract makes a major contribution to the development of bunker LNG and illustrates the Total's strong commitment to using this new fuel

[florenceorbis] 05/2/2018 08:26

TOTAL: The downtrend can resume
TEC on 05/02/2018 at 08:49
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TOTAL: The downtrend can resume

SYNTHESIS

The MACD is negative and below its signal line. This configuration degrades the outlook on the title. The RSI does not yet indicate an oversold so the further decline is technically possible. Below 20, the stochastics are extremely low. Exchanged volumes are above average volumes over the past 10 days.

MOVEMENTS AND LEVELS

The bullish movement seems to be stopped. The stock is below its 50-day moving average at 47.05 EUR. The first support is 45.01 EUR, then 44.35 EUR and the resistance is 48.92 EUR, then 49.57 EUR.
Last course: 46.13
Support: 45.01 / 44.35
Resistance: 48.92 / 49.57
Short term opinion: negative
Medium term opinion: neutral

[florenceorbis] 05/2/2018 07:40

Total: exploration license acquired in Guyana
Total (EU: FP)
Intraday Chart of the Action

Today: Monday 5 February 2018
More charts from the Total Exchange
(CercleFinance.com) - Total reports that it has entered into agreements to acquire interests in two exploration licenses off the coast of Guyana, the Canje and Kanuku blocks. In addition, he has filed a call option on the nearby Orinduik Block.

Subject to the approval of the competent authorities, the French oil and gas company will therefore have an exploration area of nearly 12,000 square kilometers in the prolific Guyana Basin, where it thus makes its entry.

"Acquiring equity interests in these high-potential permits is in line with the new exploration strategy implemented since 2015," comments Arnaud Breuillac, Total's Director of Exploration-Production.

[grupo] 04/2/2018 12:06

Major Cypriot offshore gas field discovered - report
Leviathan gas field Photo: Noble Energy
4 Feb, 2018 13:45
Sonia Gorodeisky
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The Calypso field, containing an estimated 170-230 BCM, will make it even more difficult for the Leviathan partners to sign export deals.

The Cypriot media has reported the discovery of a major natural gas field in Cypriot economic waters, 75 kilometers off the island's southern coast. The reservoir reportedly contains 170-230 BMC of gas, 70% as much as the Tamar reservoir in Israel's territorial waters. The reservoir, which is located in bloc 6 and is called Calypso, will be developed by a European consortium composed of Italian company ENI and French company Total SA.
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According to the reports, the drilling results confirmed "sufficient and encouraging signs" of a natural gas field. Cypriot Energy Minister Yiorgos Lakkotrypis said, "The findings are encouraging, but we need more time for analysis in order to provide final confirmation that there is a gas discovery. Meanwhile, I am unwilling to talk about quantities or any other matter." The final results of the drilling are expected to be published within a few days. Lakkotrypis added that the geologic structure of the sea bottom at Calypso was similar to that of Egypt's Zohr discovery.

According to Israeli energy sector sources, although the reports of the discovery were published only two days ago, rumors leaked as long as two weeks ago, and "The reports should be taken with a grain of salt, because Cyprus is currently in the middle of an election campaign."

If Calypso proves to be a real discovery, it is not good news for Israel. At a time when there are still not enough contracts to develop the second stage of Leviathan, and it is unclear when export contracts will be signed, Cyprus is likely to become one of the main players in the natural gas market.

"Cyprus will be able to export easily to Egypt's liquefaction facility at Damietta or the local market in Egypt, and can do so before Israel begins exporting there," a source with energy expertise told "Globes." In Israel, developing reservoirs and gas export plans take many years to implement. For example, the Leviathan reservoir, which was discovered in 2010, will begin supplying gas only a decade later, in 2020. ENI, on the other hand, made history by developing and connecting Egypt's huge Zohr reservoir in two and a half years. ENI is also a partner in the Damietta liquefaction facility in Egypt, which is likely to make it even easier for Cyprus to export gas to Egypt.

ENI's partner in Calypso, Total, is also one of the world's largest oil and gas exploration companies. The two partners are extremely large companies with huge equities, and will not have to raise money on the stock exchange in order to finance development, a factor that will significantly shorten the development processes.

Is Israel, which plans to begin exporting its gas, in need of rescue? The answer is yes. If the reports in Cyprus turn out to be true, Cyprus can become a significant player in the natural gas sector, and can offer more attractive prices than Israel, because Tamar currently sells gas at a relatively high price of $5.40 per BTU, a fact that is causing public controversy. It is therefore unlikely that that the price for exports will be less than the price for the domestic market, because that would be liable to generate public anger.

Published by Globes [online], Israel Business News - www.globes-online.com - on February 4, 2018

[waldron] 03/2/2018 10:49

08/02/18 Année 2017 Publication de résultats

[la forge] 02/2/2018 07:55

Total (EU:FP-EUR)
Intraday Stock Chart

Today : Friday 2 February 2018
Click Here for more Total Charts.

Total announced that a major offshore oil discovery has been made by Chevron Corp. at the Ballymore prospect in the U.S. Gulf of Mexico. "Total Makes Major Discovery in Gulf of Mexico," at 0720 GMT on Wednesday, incorrectly said Total had made the discovery in the headline and first paragraph. It was Chevron, which has a 60% share in the well and is the operator, that made the discovery, not Total. Total has a 40% interest in the well.



(END) Dow Jones Newswires

February 02, 2018 01:43 ET (06:43 GMT)

[sarkasm] 31/1/2018 10:10

Total SA (FP.FR) has made a major offshore oil discovery at the Ballymore prospect in the U.S. Gulf of Mexico, the company said Wednesday.

"Ballymore is the largest discovery by Total in the prolific Gulf of Mexico and bolsters our new exploration strategy put in place since 2015," said Kevin McLachlan, Total's senior vice president of exploration.

Total said it drilled to a depth of nearly 9,000 meters and found 205 meters of net oil pay, a core measure of a reservoir's recoverable reserves.

The company said it will now drill a sidetrack well to confirm the discovery's potential.

Total has a 40% working interest in the Ballymore prospect, which is located 120 kilometers from the Louisiana coast in waters of around 2,000 meters, while Chevron Corp. (CVX) holds the remaining 60% stake.



Write to Nathan Allen at [e-mail]



(END) Dow Jones Newswires

January 31, 2018 02:35 ET (07:35 GMT)

[waldron] 30/1/2018 17:02

Total reports first oil at Alberta's Fort Hills project
1/30/2018

PARIS -- Total announces that the Fort Hills oil sands project located in Alberta, Canada, 90 km north of Fort McMurray, has achieved first oil. Production will ramp up over the next months to reach a plateau of 180,000 bpd. The project is operated by Suncor and owned by Suncor (53.06%), Total (26.05%) and Teck (20.89%).

In line with its strategy, which aims at focusing its capital allocation on low breakeven oil projects and managing its investment effort with discipline on the most profitable projects, and in agreement with the other partners of the project, Total reduced gradually since 2015 its interest from 39.2% to 26.05%. It should eventually settle near 25% once the final project cost is known.

[waldron] 27/1/2018 09:34

s Update as Total set to ramp up Nigerian oil output with new ship
Update as Total set to ramp up Nigerian oil output with new ship
Update as Total set to ramp up Nigerian oil output with new ship
Posted By: Editoron: January 26, 2018In: Business, FeaturedNo Comments
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BUSINESS NEWS – Report as A gigantic oil tanker arrived in Nigeria as part of a multi-billion dollar project that should allow one of Africa’s biggest crude producers to pump out an additional 200 000 barrels a day.

The floating production storage and offloading vessel is docked in Lagos after spending three months at sea, project partner LADOL Free Zone said in a statement on Thursday.

The vessel is part of a $16bn oil project developed by French giant Total on the Egina field, about 150km offshore from the oil hub of Port Harcourt in southeastern Nigeria, a company source told AFP.

The ultra-deep field was discovered in 2003 by Total and its Chinese and Brazilian partners, Chinese National Offshore Oil Company (CNOOC) and Petrobas Sapetro.

By 2018 the field is expected to produce nearly 200 000 barrels per day, or 10% of Nigeria’s oil production.

The new ship, which is 330 meters long and weighs nearly 220 000 tonnes, left from Samsung Heavy Industries (SHI) in South Korea at the end of October.

Remaining modules on the ship will be assembled in the coming months in Lagos before the ship is sent to Egina field, where it will process and store oil extracted from the ocean.

“This is a gigantic project that will do good in Nigeria, where production has peaked at about two million barrels per day,” said Benjamin Auge, associate researcher at the French Institute of International Relations.

The Egina project is currently the largest developed for deep offshore use in the country, according to the energy specialist.

Along with Shell, Total is the main oil producer in Nigeria, where crude accounts for 70% of government revenue.

[grupo guitarlumber] 24/1/2018 11:27

Wed Jan 24, 2018 2:19
Iran, Iraq Agree to Unify 2 Small Oilfields
Iran, Iraq Agree to Unify 2 Small Oilfields

TEHRAN (FNA)- Iran and Iraq reached an agreement to unify two small oil fields in Khorramshahr in Khuzestan province in Southwestern Iran.

“Iran and Iraq have signed a contract to unify two small oilfields in Khorramshahr, Southwest of Iran," Deputy CEO of National Iranian Oil Company Gholamreza Manouchehri said.

“We are cooperating with Iraq in some oil fields during which the agreement on unification of two small oil fields in Khorramshahr is signed," he added.

In relevant remarks on Tuesday, Manouchehri said the country is not behind its neighbor Iraq in developing the West Karoon oilfields.

He told the reporters on the sidelines of an oil exhibition in the Kish Island yesterday that the fields located in the play are being developing and their development projects are not behind schedule.

"A tender for developing Azadegan Oilfield is on the go; regarding Yaran Oilfield, an agreement has been obtained with Persia Oil and Gas Company whose final contract will be signed; also regarding Yadavaran Oilfield talks are on the go with Sinopec," the official said.

"Fortunately, NIOC negotiations for developing oil and gas field are reaching fruition and hopefully we will witness the results in oil industry next [calendar] year," the official added.

He also said that Total is carrying out its duties in the South Pars phase 11 project, adding the NIOC talks with Denmark's Maersk for developing the oil layer of the supergiant gas field are continuing.

[ariane] 24/1/2018 08:17

Total SA (FP.FR) said Wednesday that it has signed an agreement with U.S.-based Samson Energy Company LLC to acquire Samson Offshore Anchor LLC.

The terms of the deal weren't disclosed.

The French oil-and-gas company said that Samson Offshore Anchor holds a 12.5% interest in four blocks covering the Anchor discovery in the Gulf of Mexico.

The deal includes a 12.5% interest in the exploration block Green Canyon 761, in which Total currently holds a 25% interest.

Chevron, Cobalt and Venari operate in Anchor with interest of 55%, 20% and 12.5% respectively.



Write to Marc Bisbal Arias at [e-mail]



(END) Dow Jones Newswires

January 24, 2018 02:46 ET (07:46 GMT)

[waldron] 23/1/2018 15:41

Total Petrochemicals & Refining USA reported flaring of gases caused by a boiler problem at its refinery in Port Arthur, Texas.

"A boiler trip caused a loss of steam header pressure and resulted in flaring," the refinery said in a statement to the Texas Commission on Environmental Quality. "The tripped boiler was restarted and returned to service."

The refinery said the flaring of emissions happened Monday and lasted for one hour.

The 225,000-barrel-a-day refinery lies 95 miles east of Houston.



Write to Dan Molinski at [e-mail]



(END) Dow Jones Newswires

January 23, 2018 08:28 ET (13:28 GMT)

[grupo guitarlumber] 20/1/2018 12:41

Royal Dutch Shell Joining the Renewable Energy Bandwagon
Shell is the latest oil major to buy into renewable energy.
Travis Hoium
(TMFFlushDraw)
Jan 20, 2018 at 6:46AM

The oil majors have had a love-hate relationship with renewable energy over the past decade. Some (BP (NYSE:BP)) once saw it as a key to their future, only to divest from the business, and others (Total (NYSE:TOT)) have been slowly wading into renewables without taking any big risks. But it's become clear that renewable energy isn't going anywhere, and it might be the biggest threat facing the oil business long-term.

Not only is renewable energy eating away at traditional fossil fuel consumption at utilities, it's becoming a fuel for transportation as millions of electric vehicles hit the road around the world. Royal Dutch Shell plc (NYSE:RDS-A)(NYSE:RDS-B) is the latest to realize it needs a foot in the renewable energy business, buying a 44% stake in renewable energy developer Silicon Ranch for up to $217 million in cash. And Shell may still be getting started building out its renewables strategy.
Solar farm with a setting sun in the background.

Image source: Getty Images.
Shell joins the renewables business

Silicon Ranch is a solar developer that has about 880 MW of projects under contract in the U.S. with a 1 GW pipeline of projects. It's not the biggest developer in the country, but it has a growing footprint and can leverage Shell's capital to grow. In 2021, Shell can increase the ownership stake beyond 44%.

Shell also acquired MP2 Energy last year, an owner of natural gas and distributed solar assets like demand-response and solar.

While these two deals don't make Shell a leader in renewable energy just yet, it could show a shifting attitude to renewable energy, a transition other companies have already gone through. And if Shell pushes both companies to grow it could build a sizable renewables business.
Old energy companies are making plays for new energy assets

Shell isn't the first oil company to make a move into renewables. The oil major making the most news in renewable energy is Total, the majority owner of solar manufacturer SunPower (NASDAQ:SPWR). Total has also acquired a stake in developer EREN Renewable Energy and acquired energy efficiency company GreenFlex, among others. Total has also begun to buy renewable energy projects on its own, essentially building an energy generating business under the Total banner.

Utility AES (NYSE:AES) spent $853 million last year to buy sPower, developer of utility-scale solar systems. The company is in the midst of a strategy to sell off coal and other legacy fossil fuel assets and double down on renewable energy and energy storage.

After divesting a solar manufacturing business a few years ago, BP has even gotten back in the renewable energy game with a $200 million investment in renewable developer Lightsource.

You may notice a trend: oil and utility companies are beginning to invest in renewable energy developers rather than manufacturers. This is partly because asset ownership in the energy industry is a more stable business for them to invest in, but it also allows them to leverage their own development expertise and access to capital in renewables, rather than develop a new technology understanding in renewable manufacturing.

Powered By
The holdout in renewable energy

One oil company's name is notably absent from the renewable energy business: ExxonMobil (NYSE:XOM). The company has intentionally stayed out of wind and solar, and has focused investment in alternative energy in fuels and carbon sequestration, although with very little commercial success.

With major competitors Total, Shell, and BP investing billions in renewable energy to transition their business, ExxonMobil may eventually see that's where the future is. Shell is finally coming around and maybe just in time to build a sustainable renewable energy business to replace the aging oil business.

[la forge] 16/1/2018 08:15

Shell Takes a Last Exit From Mideast Oil -- WSJ
16/01/2018 8:02am
Dow Jones News

Shell A (LSE:RDSA)
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Today : Tuesday 16 January 2018
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Energy company leaves last Iraqi site but keeps a presence in natural-gas industry

By Sarah Kent and Benoit Faucon

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (January 16, 2018).

LONDON -- Royal Dutch Shell PLC is giving up on its last oil fields in Iraq, leaving the world's second-biggest oil company with a dwindling footprint in the Middle East -- a region it helped build into a petroleum powerhouse.

Shell said Monday it is selling for an undisclosed amount a stake in the West Qurna 1 oil field in Iraq to Japan's Itochu Corp., the latest step in a gradual retreat from the region. The company is also expected to give up its holding in Iraq's Majnoon oil field later this year, though it will retain its natural-gas interests in the country.

Shell's departure from Iraqi oil assets marks one of the final chapters in a slow pullback from the Middle East's vast fields of petroleum. Shell pumped as much as 450,000 barrels of oil in 2003 in the Middle East, and over the past 15 years had operations that produced thousands of barrels of oil daily across six countries in the region. Once it officially leaves Iraq later this year, Shell will have oil assets in Oman that produce about 220,000 barrels a day.

Shell is keeping its considerable natural-gas interests in Middle Eastern countries, including Qatar, Oman, Egypt and Iraq, a strategy it has followed after its $50 billion deal to buy gas giant BG Group PLC in 2016. The deal also brought Shell big business in Brazil's offshore oil fields, where it has centered its oil-production strategy.

"We have definitely not turned our back on the region, far from it," said Shell Chief Executive Ben van Beurden in November, referring to the Middle East. But he added that projects such as Majnoon "are increasingly less strategic in our portfolio."

The move reflects the waning attraction of the Middle East's once-prized oil reserves, as companies find that the free flow of crude in the region often comes at a political or financial cost. U.S. oil giants Exxon Mobil Corp. and Chevron Corp. have ratcheted up their focus on shale interests on their home turf in recent years, though both retain interests in Iraq.

In addition to the escalating security risks following the Arab Spring, oil contracts offered by Middle Eastern governments often don't have profitable terms, analysts say.

Iraq has some of the toughest terms in the business. Foreign companies are paid fixed fees per barrel of oil pumped, terms that many in the industry say is low.

"The terms are too tight for Shell," said Robin Mills, a former Shell executive involved in the Middle East who is now chief executive of Dubai-based Qamar Energy. For the British-Dutch oil giant, "it isn't worth the trouble."

Shell declined to comment further on its footprint in the Middle East beyond confirming its exit from the West Qurna oil field. The company said it is still working to gain necessary approvals for the sale from the Iraqi government.

Iraqi oil officials didn't respond to requests for comment.

In the past year, Shell has had to contend with delays in Iraq including tardy government payments for pipelines and water-treatment facilities, according to Iraqi officials and contractors.

Much of the Middle East's oil business is off limits to foreign companies, but a handful of countries including Iraq still offer the promise of barrels at relatively low prices. But the crash in oil prices over the last three years has helped lower the costs of production elsewhere in the world, including the U.S., where Shell has earmarked its shale interests as a catalyst for growth.

Shell also has taken a number of steps in recent years that have reduced its presence in the region, passed on opportunities and been forced out by Western sanctions.

Shell walked away from a bid to renew its rights to a massive oil concession in the United Arab Emirates -- a privilege that BP PLC and Total SA paid about $2 billion to keep but both Shell and Exxon didn't. The company stopped producing in both Syria and Iran after 2010 because of sanctions related to the Syrian civil war and Tehran's nuclear program, respectively.

Shell has shown interest in returning to Iran, but it hasn't followed Total in signing a deal to invest in the country. The sanctions risk remains high, and Shell has struggled to find suitable, mainstream banks to enable its Iranian investments, people familiar with the matter say.

Write to Sarah Kent at [e-mail] and Benoit Faucon at [e-mail]



(END) Dow Jones Newswires

January 16, 2018 02:47 ET (07:47 GMT)