Total Share Discussion Threads

[waldron] 10/5/2018 17:04

Total
52.71 -0.13%


Engie
14.6 +0.00%

Orange
15.145 -0.53%


FTSE 100
7,700.97 +0.50%
Dow Jones
24,732.7 +0.77%
CAC 40
5,545.95 +0.20%


Brent Crude Oil NYMEX 77.15 -0.32%
Gasoline NYMEX 2.18 +0.35%
Natural Gas NYMEX 2.81 +2.63%




BP
564 -1.40%



Shell A
2,633.5 +0.00%



Shell B
2,693 -1.07%

[waldron] 10/5/2018 12:38

Total
52.4 -0.72%


Engie
14.57 -0.21%

Orange
15.07 -1.02%


FTSE 100
7,672.17 +0.13%

CAC 40
5,531.76 -0.05%


Brent Crude Oil NYMEX 77.37 -0.04%
Gasoline NYMEX 2.17 +0.23%
Natural Gas NYMEX 2.73 -0.37%



BP
564.2 -1.36%



Shell A
2,622 -0.44%



Shell B
2,696 -0.96%

[waldron] 10/5/2018 08:44

Total
52.81 +0.06%


Engie
14.535 -0.45%

Orange
15.105 -0.79%

FTSE 100
7,667.04 +0.06%
Dow Jones
24,542.54 +0.75%
CAC 40
5,535.67 +0.02%


Brent Crude Oil NYMEX 77.64 +0.31%
Gasoline NYMEX 2.17 +0.21%
Natural Gas NYMEX 2.72 -0.48%



BP
564.7 -1.28%



Shell A
2,615.5 -0.68%



Shell B
2,697 -0.92%


CERTAINLY ASCENDED INTO TO THE 2675 to 2775p BOX

[waldron] 09/5/2018 17:02

Total
52.78 +1.87%


Engie
14.6 -0.82%

Orange
15.225 +0.53%


FTSE 100
7,662.52 +1.28%
Dow Jones
24,363.79 +0.01%




BP
572 +3.92%



Shell A
2,633.5 +3.25%



Shell B
2,722 +3.38%


CAC 40
5,534.63 +0.23%



Brent Crude Oil NYMEX 76.91 +1.21%
Gasoline NYMEX 2.16 +1.06%
Natural Gas NYMEX 2.73 -0.15%

[waldron] 09/5/2018 12:10

Total
52.3 +0.95%


Engie
14.585 -0.92%

Orange
15.125 -0.13%


FTSE 100
7,601.47 +0.47%
Dow Jones
24,360.21 +0.01%
CAC 40
5,518.17 -0.07%



Brent Crude Oil NYMEX 76.78 +1.04%
Gasoline NYMEX 2.16 +1.09%
Natural Gas NYMEX 2.75 +0.37%




BP
561.9 +2.09%



Shell A
2,603.5 +2.08%



Shell B
2,688.5 +2.11%

[waldron] 09/5/2018 08:40

Total
52.38 +1.10%


Engie
14.585 -0.92%

Orange
15.025 -0.79%


FTSE 100
7,598.05 +0.43%
Dow Jones
24,360.21 +0.01%
CAC 40
5,520.75 -0.02%



Brent Crude Oil NYMEX 76.92 +1.22%
Gasoline NYMEX 2.16 +1.19%
Natural Gas NYMEX 2.74 +0.11%


BP
558.6 +1.49%



Shell A
2,595 +1.74%



Shell B
2,678.5 +1.73%

[maywillow] 09/5/2018 08:14

Total SA (FP.FR) said Wednesday that it has signed an agreement with Bandari Corporation Ltd to sell its retail business in Haiti.

The French oil-and-gas company said the Haiti business consists of a network of 92 service stations and general trade fuel sales operations.

No financial details of the deal have been released.



Write to Anthony Shevlin at [e-mail]



(END) Dow Jones Newswires

May 09, 2018 02:47 ET (06:47 GMT)

[sarkasm] 09/5/2018 06:59

9/05/2018 | 7:05
When we talk about the return of US sanctions on the Iranian economy, we immediately think of the oil sector. And therefore Total, a historical player that has re-established in the country after the lifting of the embargo in 2015.
For Donald Trump has decided: the United States withdraw from the Iranian nuclear deal signed in Vienna in 2015, which allowed to relax the embargo against Tehran in exchange for international control of the country's nuclear program. A blow, a priori, for Total, which had positioned itself to ensure the co-development of the South Pars gas field. In July 2017, the group signed a contract with the national company NIOC for the 11th phase (called "SP11") of development and production of this field, presented as the largest in the world, located in the Persian Gulf, along of the Qatari border. The French major hopes eventually 400,000 barrels of oil equivalent per day (condensates included). The gas will serve to fuel the Iranian market from 2021. The agreement signed, in the form of a risky service contract, makes Total the operator of the project with 50.1% shares, alongside the Chinese CNPC (30 %) and NIOC (via PetroPars, 19.9%).

The investment represents about $ 2 billion for the first phase of the project, for which several tens of millions have already been spent. An amount of $ 4 billion has been advanced, half of which is borne by the French by virtue of his participation. However, Total believes that it would be able to withdraw from the risky service contract and recover the costs incurred by NIOC in the event of reinstatement of sanctions, according to the group's 2017 registration document. 83. It also reports that another agreement has been reached with the national airline to assess potential additional developments in Iran. Total also uses Iranian oil in its European refineries. In 2017, the group's trading division spent 2.6 billion euros to acquire 58 million barrels in Iran under spot and forward contracts.

An exemption request

More generally, pages 83 to 85 of Total's 2017 registration document are very well documented on the links and payments related to Iran. Given the severity of US embargo and the importance of the dollar and the US for the economic activity of the major, no risk can be taken and everything must be revealed. The scenario of an American defection is not new. Total cites extensively in its annual documents the risk associated with a modification of the JPAC (Global Plan of Joint Action) of 2015. It is already known that the CEO, Patrick Pouyanné, will seek derogations, but nothing says that he will get them. "If the sanctions are back, we will have to request a waiver," he told the press mid-April. The leader has already contacted the French and European authorities to prepare the ground, but it is the American leaders that will ultimately have to be convinced.

[waldron] 08/5/2018 16:49

Total
51.78 -1.76%


Engie
14.72 +0.14%

Orange
15.13 +0.33%


FTSE 100
7,567.96 +0.01%
Dow Jones
24,369.91 +0.05%


Brent Crude Oil NYMEX 74.47 -1.44%
Gasoline NYMEX 2.10 -1.15%
Natural Gas NYMEX 2.71 -0.84%

CAC 40
5,520 -0.21%



BP
550.4 -1.38%



Shell A
2,550.5 -1.07%



Shell B
2,633 -0.85%

[waldron] 08/5/2018 12:41

Total
52.04 -1.27%



Engie
14.62 -0.54%

Orange
15.05 -0.20%



FTSE 100
7,567.98 +0.01%
Dow Jones
24,357.32 +0.00%
CAC 40
5,501.7 -0.54%


Brent Crude Oil NYMEX 75.38 -0.24%
Gasoline NYMEX 2.12 -0.19%
Natural Gas NYMEX 2.76 +0.99%



BP
553.3 -0.86%



Shell A
2,558.5 -0.76%



Shell B
2,642.5 -0.49%

[waldron] 08/5/2018 08:33

Total
52.33 -0.72%


Engie
14.715 +0.10%

Orange
15.115 +0.23%

FTSE 100
7,590.85 +0.31%
Dow Jones
24,357.32 +0.39%
CAC 40
5,523.37 -0.15%

Brent Crude Oil NYMEX 75.48 -0.11%
Gasoline NYMEX 2.12 -0.17%
Natural Gas NYMEX 2.74 +0.18%





BP
558.3 +0.04%



Shell A
2,585 +0.27%



Shell B
2,660.5 +0.19%

[sarkasm] 06/5/2018 19:38

May 06 2018 08:54 PM
Business
RELATED STORIES
*
Total pumped a record amount of oil and gas in the first quarter and expects output growth to exceed its 6% target this year thanks to acquisitions and new projects from the Arctic to West Africa
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Bloomberg/Johannesburg

French energy giant Total SA plans to boost oil exploration and open more fuel stations in Africa’s most industrialised country.
Total pumped a record amount of oil and gas in the first quarter and expects output growth to exceed its 6% target this year thanks to acquisitions and new projects from the Arctic to West Africa. In South Africa, the company plans to expand its network of more than 500 fuel stations and finish a deepwater exploration well started in 2014.
“In retail, we clearly want to grow and to grow by 200 to 300 service stations in the coming few years,” Pierre-Yves Sachet, managing director and chief executive officer for Total South Africa, said on Thursday in an interview at his office in Johannesburg. “The intensity of our footprint is not exactly the one we would like to have yet.”
Total, which is already due to open 20 new retail outlets this year, is considering partnerships to increase that number. It faces competition from South Africa’s Sasol Ltd, which is also looking to expand its fuel-station network in a country that currently has about 4,600 outlets.
Total is also interested in supplying liquefied natural gas and adding solar projects as part of two government programmes that faced delays under former South African president Jacob Zuma. While there hasn’t yet been a marked change in demand and investment under Cyril Ramaphosa, who replaced Zuma in February, there is a difference in the business community, according to Sachet.
“There’s more confidence in the atmosphere, this is very clear,” said Sachet, who sees growth in the company’s sales of fuel and lubricants to mining companies.
Total, which owns 36% of the 108,000-barrel-a-day Natref refinery in a joint venture with Sasol, expects to resume drilling on South Africa’s first deepwater well by the end of this year or first quarter 2019, said Sachet. It was forced to suspend operations in 2014 because of strong currents. The results will be watched by fellow majors Exxon Mobil Corp and Eni SpA, which also have offshore stakes in South Africa. Royal Dutch Shell relinquished a license last year.
Petroleum Agency South Africa, the industry regulator, has blamed lower oil prices and uncertainty about pending legislation, including the Mineral and Petroleum Resources Development Amendment Bill, for curbing investment in exploration.

[waldron] 06/5/2018 14:54

BLOOMBERG

Total Risks Losing Gas Field Stake to CNPC If It Quits Iran
By Arsalan Shahla
6 mai 2018 à 13:48 UTC+2

France’s Total has spent $90 million at South Pars: Kardor
Trump to decide on re-imposing sanctions on Iran by May 12



Total SA, the only Western energy major investing in Iran, will lose its stake in the South Pars natural gas field to its Chinese partner if the Paris-based company withdraws from the country, the head of National Iranian Oil Co. said.

Total has spent $90 million to help develop the offshore field and won’t be compensated before production begins, Ali Kardor, managing director of state-run NIOC, said Sunday at a news conference in Tehran. Kardor didn’t specify whether Total would receive any compensation if it pulled out of the project in Iran’s section of the world’s biggest gas deposit. There was no immediate reply to phone calls and an email made out of normal business hours to the media office at Total’s headquarters.

France’s Total has signed Iran’s biggest international energy deal so far since world powers agreed in 2015 to ease economic sanctions on the Persian Gulf country in exchange for limits on its nuclear program. The company committed in July to develop phase 11 of the giant South Pars field, pledging $1 billion in investment.

U.S. President Donald Trump, who has pilloried the accord as “insane,”; must decide by May 12 whether to re-impose sanctions. Such a step would put pressure on companies like Total that do business in Iran and which also have interests in the U.S.

Total has a 50.1 percent stake in the 20-year South Pars project, with China National Petroleum Corp. holding 30 percent and Iran’s Petropars, 19.9 percent. If Total withdraws, Iran will transfer the company’s full stake to CNPC, based on the contract, Kardor said.

Iran has the world’s largest gas reserves, estimated by BP Plc at 1,183 trillion cubic feet (33 trillion cubic meters), and is the third-biggest oil producer in the Organization of Petroleum Exporting Countries. Total had been working at South Pars until international sanctions forced it to withdraw in 2009. Production from the project would be 2 billion cubic feet a day of gas, Kardor said in July.

[sarkasm] 04/5/2018 19:02

Total to boost exploration efforts in South Africa as fuel network grows
By Paul Burkhardt on 5/4/2018

JOHANNESBURG (Bloomberg) -- French energy giant Total SA plans to boost oil exploration and open more fuel stations in Africa’s most industrialized country.

Total pumped a record amount of oil and gas in the first quarter and expects output growth to exceed its 6% target this year thanks to acquisitions and new projects from the Arctic to West Africa. In South Africa, the company plans to expand its network of more than 500 fuel stations and finish a deepwater exploration well started in 2014.

"In retail, we clearly want to grow and to grow by 200 to 300 service stations in the coming few years," Pierre-Yves Sachet, managing director and CEO for Total South Africa, said Thursday in an interview at his office in Johannesburg. "The intensity of our footprint is not exactly the one we would like to have yet."

Total, which is already due to open 20 new retail outlets this year, is considering partnerships to increase that number. It faces competition from South Africa’s Sasol Ltd., which is also looking to expand its fuel-station network in a country that currently has about 4,600 outlets.

Total is also interested in supplying liquefied natural gas and adding solar projects as part of two government programs that faced delays under former South African President Jacob Zuma. While there hasn’t yet been a marked change in demand and investment under Cyril Ramaphosa, who replaced Zuma in February, there is a difference in the business community, according to Sachet.

“There’s more confidence in the atmosphere, this is very clear," said Sachet, who sees growth in the company’s sales of fuel and lubricants to mining companies.

Total, which owns 36% of the 108,000-bpd Natref refinery in a joint venture with Sasol, expects to resume drilling on South Africa’s first deepwater well by the end of this year or first quarter 2019, said Sachet. It was forced to suspend operations in 2014 because of strong currents.

The results will be watched by fellow majors ExxonMobil Corp. and Eni SpA, which also have offshore stakes in South Africa. Royal Dutch Shell Plc relinquished a license last year.

Petroleum Agency South Africa, the industry regulator, has blamed lower oil prices and uncertainty about pending legislation, including the Mineral and Petroleum Resources Development Amendment Bill, for curbing investment in exploration.

Total in October also acquired a stake in blocks off Namibia and in South Africa’s Orange basin.

[sarkasm] 04/5/2018 17:48

Oil majors – shuffling along the Road to Damascus

Published 04 May 2018 Last Updated 04 May 2018 14:00

Angus Leslie Melville Contact Author

Tags Oil & Gas Renewables Asia Pacific Europe North America

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In a volte-face that’s enough to make a North Korean dictator blush, the oil majors are continuing to trip over their feet in a bid to reinvent themselves as good guys, having spent the last century-plus playing the black-hat cowboy

Statoil is the latest to have seen the error of its ways… more to the point, finally recognising the tide has turned and forcing its hand to switch strategies from oil to renewables.

The Norwegian heavyweight is far from alone. As DONG (Dansk Olie og Naturgas) sanctimoniously said when announcing its re-brand to Orsted and re-focus to renewables, the time had arrived to shift from “black to green energy”.

Statoil’s rebrand to Equinor sees the O&G major eagerly point out that its new identity combines “equi” the starting point of such elegant words as “equal, equality and equilibrium”, and “nor”230; homage to its Norwegian origins. Good lord, what a load of tosh.

This is a seismic shift in the oil industry driven in many cases by investors – in the Nordic cases, pension funds and sovereign wealth – that will no longer touch anything with oil in the name. As such, the zealous conversion of oil barons to renewable energy pioneers is driven by market reality, not a road to Damascus revelation.

French oil major Total last month (April 2018) made the leap with its acquisition of Direct Energie which has a 550MW renewables portfolio and a 2GW pipeline; while Royal Dutch Shell (also last month) ramped up involvement in renewables through its New Energies division, hinting at up to $2 billion of investments per annum up to 2020.

Beyond that, BP signalled its intentions to carve out its niche in the renewables space last year (2017) with its $200 million acquisition of a 43% stake in Lightsource – imaginatively rebranding it to Lightsource BP.

Those with a functioning memory will recall that BP has been here before with its Beyond Petroleum strategy, but promptly divested all its wind power assets in 2013 and withdrew from the sector. Likely it regrets having done that.

And it’s not alone, most of the O&G majors have dipped toes in the renewable water at some stage in the last decade-plus, but it never seems to take long – often a change in chief exec – for them to about-turn and focus once again on “core business”, shaking their heads at the folly of previous leaders straying from the path.

That’s just the tip of the iceberg. The shift away from oil has been dramatic with environmental, social and governance (ESG) issues being at the forefront of investors’ minds these days forcing the hand of “dirty” companies to mend their ways.

It cropped up repeatedly in round tables published in our launch issue of the IJInvestor Funds & Investors Report. In this report, infra fund leaders stressed that ESG had transitioned from lip-service to central focus.

To this end every international oil company (IOC) on the planet that has “oil” in its name has either re-branded or is in discussions right now with branding specialists to reinvent themselves as something less unpalatable to investors.

Nice work for the consultancies – money for old rope – who can flog off-the-hanger brands they own and wrap them around a pretty story that the IOC will convince itself reflects the shift in focus (listening Equinor?).
A green new world

The majority of these oil companies are shifting their focus toward offshore wind, seeking the scale of projects to give them a flying start and to leverage their experience of working in challenging environments.

There’s clear water between where the industry used to be and where it is now. Gone are the days when IOCs dabbled in renewables for this to serve as a fig leaf to their less “responsible” activities.

According to the Global Wind Energy Council, by the early 2020s offshore wind will cost less than €70/MWh (2017 prices) and 120GW installed capacity will be in place by 2030. With €60/MWh just around the corner it becomes ever-more affordable and growing deal flow the IOCs are catching the wave at just the right time.

Furthermore, there will be need for more players with deep pockets in this space to support delivery of ambitious programmes. And ambitious offshore wind programmes are cropping up in every corner of the world.

Just last week (April 2018), Taiwan's Ministry of Economic Affairs awarded grid connection rights for 3.8GW of offshore wind – 336MW more than had been anticipated – with a further 2GW to be allocated in June (possibly more if the first round’s anything to go by).

The winning bidders are:

WPD – 1,058MW
Orsted – 900MW
Copenhagen Infrastructure Partners – 600MW
Swancor Renewables – 378MW
China Steel – 300MW
Taiwan Power – 300MW
Northland Power – 300MW

Sticking with Asia Pacific, Japan has an exciting market where it already has 44.7MW of offshore wind installed. The Japanese Wind Power Association is pushing for 10GW by 2030 with 30-year leases awarded by the Ministry of Economy, Trade and Industry (METI). This target is now being seen as conservative and pressure is being brought to bear for it to be increased considerably.

Both these markets – Taiwan and Japan – face the extra challenges as the projects are largely in deep water, as such floating offshore wind is increasingly mentioned.

A lot bigger and even more ambitious, China plans to develop 30GW of offshore wind by 2020. There’s a lot of discussion over how it will achieve this… but if any nation can do it, China can.

South Korea plans to increase the country's renewable energy capacity by 2030, taking it up from 11.3GW to 58.5GW by end of the decade which will represent 33.7% of the country’s electricity-generating installed capacity, up from a 9.7% share today. Offshore wind will form part of that push.

And again, that’s just the tip of the iceberg.

Australia has huge potential, as does India, Thailand (where there are declining supplies of natural gas) and Bangladesh (with low-speed turbines). For the US, the days of Cape Wind look to be in the rear-view mirror. Europe is moving at break-neck pace.

Any country with a coastline and decent wind resource – especially now that floating solutions are on the table – is turning its gaze that direction.
A view from the sea

Chatting this week with renewables supremo Simon Currie who relocated as global head of energy at Norton Rose Fulbright from London to Sydney in January 2015, he has been taken aback by the pace of change.

“What was a $200 billion market until just recently is now looking more like a $1 trillion market,” says Simon. “All of a sudden it’s offshore wind versus natural gas, versus solar – what do you have and what is the best use of it? At €60/MWh with decent wind with a bit of track record, that’s better than gas.” He adds: “I’m encouraged by the amount of capital that is coming in. It’s no longer five countries!”

And he’s in a good place to take advantage of this market shift, having in March (2018) announced that he and fellow NRF Vincent Dwyer were setting up an advisory business based out of Australia providing services to the energy sector (strategic consulting and guidance, and transaction advisory services).

But it’s so much more than the oil companies. IOC involvement is welcome as the scale of the offshore wind sector will be so vast and heavyweights will be needed at the table, but it runs beyond that.

“For me, the big take-away from COP 23 was that industrials are getting involved too,” says Simon. “We are seeing the major industrials like thyssenkrupp – people who never really paid much attention to renewables – saying their future is not in combustion engines, it’s in hydrogen electrolysers, wind turbines… whatever. They cannot sit there waiting for the Xerox moment.”

With so much to be achieved and growing comfort with offshore wind, it’s going to take companies with scale – ranging from re-branded IOCs through to global industrials – to deliver programmes.

In fact, with all these projects on the cards, everyone’s welcome (fig leaf or not).

[waldron] 04/5/2018 17:10

Total
52.27 +0.95%

Engie
14.7 +0.89%

Orange
15.16 +0.43%



BP
558.1 +2.61%



Shell A
2,578 +1.38%



Shell B
2,655.5 +1.55%

Brent Crude Oil NYMEX 74.83 +1.55%
Gasoline NYMEX 2.12 +1.44%
Natural Gas NYMEX 2.72 -0.37%

FTSE 100
7,567.14 +0.86%
Dow Jones
24,151.58 +0.93%
CAC 40
5,516.05 +0.26%

[waldron] 04/5/2018 13:18

Today: Friday 4 May 2018
More charts from the Total Exchange
(CercleFinance.com) - Total assured this Friday, in a statement released this morning, that its future exploration well, located in the Foz do Amazonas basin, was not in the immediate vicinity of any biogenic formation.

The French oil giant was responding to the accusations of Greenpeace. During an exploration at sea in mid-April, the NGO reported having discovered rhodoliths (calcareous algae, that is to say living organisms) in one of the 5 blocks operated by Total off the coast Brazilian, 180 meters deep.

For its part, the group confirmed that 'no biogenic formation has been identified in block FZA-M-57'. The planned exploration well in block FZA-M-57 (at approximately 1800 m depth) will be located 28 kilometers from the previously identified rhodoliths and 34 kilometers from where the NGO reportedly found rhodoliths more recently. 'he said.

[waldron] 04/5/2018 12:26

Total
52 +0.42%



Engie
14.715 +1.00%



BP
552.3 +1.54%



Shell A
2,560 +0.67%



Shell B
2,635 +0.76%

Brent Crude Oil NYMEX 73.99 +0.41%
Gasoline NYMEX 2.10 +0.24%
Natural Gas NYMEX 2.73 -0.15%

FTSE 100
7,531.35 +0.38%
Dow Jones
23,930.15 +0.02%
CAC 40
5,498.68 -0.05%

[waldron] 04/5/2018 08:50

Total
51.98 +0.39%


Engie
14.705 +0.93%

Orange
15.1 +0.03%

FTSE 100
7,529.92 +0.36%
Dow Jones
23,930.15 +0.02%
CAC 40
5,493.99 -0.14%



BP
550.1 +1.14%


Shell A
2,555.5 +0.49%



Shell B
2,632.5 +0.67%


Brent Crude Oil NYMEX 73.48 -0.28%
Gasoline NYMEX 2.09 -0.18%
Natural Gas NYMEX 2.74 +0.22%