Total Share Discussion Threads

[grupo] 23/10/2018 17:12

26 OCTOBER 2018
Third Quarter 2018 Results

[waldron] 23/10/2018 16:56

Total
51.06 -1.96%


Engie
11.62 -0.64%

Orange
13.705 -1.30%


FTSE 100
6,955.21 -1.24%
Dow Jones
24,908.05 -1.62%
CAC 40
4,967.69 -1.69%



Brent Crude Oil NYMEX 77.03 -3.82%
Gasoline NYMEX 1.85 -3.28%
Natural Gas NYMEX 3.22 +2.55%



BP
533.2 -3.20%


Shell A
2,428.5 -2.78%


Shell B
2,482.5 -2.59%

[la forge] 23/10/2018 16:13

Saudi 'Davos in the desert' kicks off with talk of $50bn of deals

A host of energy and infrastructure sector companies such as Trafigura, Total, Schlumberger, Halliburton and Baker Hughes said that they had signed agreements with Saudi state-backed firms

Ben Chu
Economics Editor @Benchu_
Tuesday 23 October 2018 15:44

Click to follow
The Independent
EPA

Saudi Arabia’s “Davos in the desert” investment conference kicked off on Tuesday with talk of inward investment deals worth more than $50bn.

Dozens of Western business leaders and politicians have pulled out of the Future Investment Initiative (FII) conference, organised by the country’s sovereign wealth fund, in the wake of the murder of the journalist Jamal Khashoggi earlier this month at the Saudi embassy in Istanbul.
Watch more

How international law could be used to prosecute Khashoggi’s killers

Nevertheless a host of energy sector companies such as Trafigura, Total, Schlumberger, Halliburton and Baker Hughes said that they had signed agreements with Saudi state-backed firms adding up to $50bn.

The Saudi oil giant, Aramco, whose blockbuster flotation was postponed earlier this year, said it had signed memoranda of understandings with foreign firms worth $34bn.

However, analysts pointed out that some of the billion dollar deals had already been announced.

The Saudi energy minister, Khalid al-Falih, addressed the murder of the dissident journalist and former royal advisor while speaking on a panel.

“Nobody in the kingdom can justify it or explain it,” he said.

He added: “These are difficult days for us in Saudi Arabia. We are going through a crisis.”

Lubna Olayan, a Saudi business leader, said the killing was “alien to our culture and our DNA”.
Support free-thinking journalism and subscribe to Independent Minds

An official Saudi investigation into the disappearance of Mr Khashoggi stated last week that he had died after a “fist fight” in the embassy and that 18 Saudi nationals had been arrested

The country’s deputy intelligence chief Ahmad al-Assiri and Saud al-Qahtani, a senior aide to the crown prince, Mohamed bin Salman, were sacked.

The Saudis had previously insisted that Mr Khashoggi had left the embassy safely.

The FII conference, which is in its second year, was conceived by the crown prince, the de facto political leader of Saudi, as a crucial element of his long-term programme to diversify the domestic economy away from its overwhelming reliance on oil and to encourage foreign investment in the kingdom.

The conference is being held at a site next to the Ritz-Carlton hotel in Riyadh, where dozens of wealthy Saudis were detained last year as part of bin Salman’s anti-corruption drive.

[waldron] 22/10/2018 17:08

Total
52.08 -1.42%


Engie
11.695 -0.34%

Orange
13.885 -1.17%

FTSE 100
7,042.8 -0.10%
Dow Jones
25,312.28 -0.52%
CAC 40
5,053.31 -0.62%


Brent Crude Oil NYMEX 79.46 -0.65%
Gasoline NYMEX 1.89 -1.31%
Natural Gas NYMEX 3.16 -2.07%



BP
550.8 -1.20%


Shell A
2,498 -0.91%


Shell B
2,548.5 -0.80%

[waldron] 19/10/2018 16:58

Total
52.83 +0.06%


Engie
11.735 +0.47%

Orange
14.05 +0.72%


FTSE 100
7,049.8 +0.32%
Dow Jones
25,455.4 +0.30%
CAC 40
5,084.66 -0.63%




Brent Crude Oil NYMEX 80.36 +1.32%
Gasoline NYMEX 1.92 +1.64%
Natural Gas NYMEX 3.22 -0.12%



BP
557.5 +0.54%



Shell A
2,521 +1.33%


Shell B
2,569 +1.46%

[waldron] 18/10/2018 17:03

Total
52.8 -1.23%


Engie
11.68 -0.60%

Orange
13.95 +1.12%

FTSE 100
7,026.99 -0.39%
Dow Jones
25,449.97 -1.00%
CAC 40
5,116.79 -0.55%


Brent Crude Oil NYMEX 79.64 -0.83%
Gasoline NYMEX 1.90 -1.11%
Natural Gas NYMEX 3.24 -2.17%


BP
554.5 -0.68%


Shell A
2,488 -0.28%


Shell B
2,532 -0.67%

[waldron] 17/10/2018 16:57

Total
53.46 -0.67%


Engie
11.75 -0.68%

Orange
13.795 +0.69%

FTSE 100
7,054.6 -0.07%
Dow Jones
25,624.15 -0.68%
CAC 40
5,144.95 -0.54%


Brent Crude Oil NYMEX 79.92 -2.07%
Gasoline NYMEX 1.92 -3.08%
Natural Gas NYMEX 3.26 +0.31%



BP
558.3 -0.32%


Shell A
2,495 -0.40%


Shell B
2,549 +0.14%

[adrian j boris] 17/10/2018 11:59

PARIS (Agefi-Dow Jones) - With the release of Total's third quarter results expected on Oct. 26, analysts at Oddo BHF are confident. Broker expects net profit of $ 3.84 billion, up 8.1% from the second quarter and 43.7% year-on-year, "driven by growth in production and gas prices" . The broker anticipates production up 1.8% with the start of Kaombo, the largest project in Angola recently built deepwater, but also the gas field condensate Ichthys, located off the coast. northwestern coast of Australia, or the first exports of the second liquefaction train of the Yamal LNG plant in northern Russia. The consulting firm also underlines the "good visibility on production", which should grow by 7% per year until 2020, against a 2% increase estimated for the sector. Oddo BHF confirms its recommendation "purchase" and its target price of 60 euros on Total. The stock is up 0.1% to 53.9 euros. ([e-mail]) ed: VLV


Agefi-Dow Jones The financial newswire


(END) Dow Jones Newswires


October 17, 2018 05:16 ET (09:16 GMT)

[waldron] 16/10/2018 16:57

Total
53.82 +0.50%


Engie
11.83 +0.68%

Orange
13.7 +0.48%


FTSE 100
7,059.4 +0.43%
Dow Jones
25,629.15 +1.50%
CAC 40
5,173.05 +1.53%

Brent Crude Oil NYMEX 80.77 -0.05%
Gasoline NYMEX 1.96 +0.85%
Natural Gas NYMEX 3.25 -0.46%



BP
560.1 +0.13%


Shell A
2,505 +0.22%


Shell B
2,545.5 +0.16%

[waldron] 16/10/2018 08:03

Total (Paris:FP) (LSE:TTA) (NYSE:TOT) has inaugurated its new state-of-the-art lubricants oil blending plant, strategically located in the Kaluga region of the Russian Federation. The grand opening ceremony took place today, October 15th, in the presence of Anatoly Artamonov, Governor of the Kaluga Region, and Patrick Pouyanné, Chairman and CEO of Total.



This blending and production plant will allow Total to localize the production of its top-tier lubricants for the Russian market. With an investment equivalent to $ 50 million, this facility has been designed to produce initially 40,000 tons of automotive and industrial lubricants per year, with a scale-up option to bring this capacity up to 70,000 tons per year.



The plant is equipped with a fully automated blending system and ultramodern filling lines. Covering an area of 7 hectares of the Vorsino industrial park in the Kaluga Region, this facility opens less than two years after the start of construction. Its operations are creating 50 new working positions onsite.



"As illustrated by our commitment to major LNG projects in the Arctic, Russia has become a key country for Total. In addition to our upstream activities, Russia is also one of the highest priority development markets for our Marketing & Services and downstream products, especially lubricants" underlined Patrick Pouyanné, Chairman and CEO of Total. " With this production & blending facility opening in Kaluga today, we are showing our strong dedication to our Russian customers. This new plant will strengthen our position in the Russian and Central Asian markets. It is fully in line with our strategy to grow profitability in developing markets and contribute strongly to the Group's financial performance."



"The opening of Total factory once again confirms the economic and investment attractiveness of the Kaluga region for international partners." commented Anatoly Artamonov, Governor of the Kaluga region. "We aspire to provide the best conditions for companies which understand the importance of production localization in Russia, develop the import substitution policy and take care about the environment by creating ecologically safe production plants. The Government of the region is ready to support them in such important and long-term projects".



A full range of locally-produced Lubricants, tailored for the Russian market and beyond



2018 marks the 10th anniversary of Total Vostok's operations in Russia. With the launch of this local production unit, Total Vostok, subsidiary in Russia of the Marketing & Services Division of Total, plans to become one of the top leaders in the segment of premium automotive and industrial lubricants in the Russian market, and a major player among competitors established locally.



This new plant will produce the entire range of Total and Elf lubricants products including:



-- "Total Quartz" for passenger cars,

-- "Total Rubia" for commercial vehicles,

-- a full range of industrial oils,

-- the "Fuel Economy" lubricants line, which allows both commercial and

passenger vehicles as well as off-road vehicles to significantly

reduce their fuel consumption.



In addition to the Russian market, Total Vostok also plans to ship products to a number of countries in Central Asia and to Belarus. With the start of this local production, consumer companies in the region will benefit from several advantages: a reduced dependence on imports, a significant decrease in both production and delivery times and an optimization of logistics and storage costs for the final products.



About Total VostokTotal Vostok , subsidiary of the Marketing & Services Division of Total, is supplying automotive lubricants of Total and Elf brands, a wide range of industrial lubricants, as well as special fluids, fuel additives and special fuels to the Russian market. In addition to the extensive distribution network,stretching from Kaliningrad to Vladivostok, Total Vostok has branches in Moscow, St. Petersburg, Rostov-on-Don, Yekaterinburg and Kazan. www.total-lub.ru



About Total LubricantsTotal Lubricants is a leading global manufacturer and marketer of engine oils and lubricants. It has 35 production plants worldwide and more than 5,800 employees in more than 100 countries. Total Lubrifiants offers innovative, efficient and environmentally responsible products and services developed by more than 130 researchers at its R&D center. Total Lubricants is a partner of choice for the automotive, industrial and marine markets.lubricants.total.comelf.com



About the Marketing & Services Division of TotalThe Marketing & Services Division of Total develops and markets products primarily derived from crude oil, along with all of the associated services. Its 31,000 employees are present in 110 countries and its products and services offers are sold in 150 countries. Every day, Total Marketing & Services serves more than 8 million customers in its network of over 16,000 service stations in 65 countries. As the world's fourth largest distributor of lubricants and the leading distributor of petroleum products in Africa, Total Marketing & Services operates more than 50 production sites worldwide where it manufactures lubricants, bitumen, additives, special fuels and fluids that sustain its growth.



About TotalTotal is a global integrated energy producer and provider, a leading international oil and gas company and 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.



* * * * *

[waldron] 15/10/2018 17:13

Total
53.55 +1.17%


Engie
11.75 +0.60%

Orange
13.635 +1.26%

FTSE 100
7,029.22 +0.48%
Dow Jones
25,364.23 +0.10%
CAC 40
5,095.07 -0.02%

Brent Crude Oil NYMEX 80.12 -0.56%
Gasoline NYMEX 1.92 -1.14%
Natural Gas NYMEX 3.25 +3.37%



BP
559.4 +0.25%


Shell A
2,499.5 +0.87%


Shell B
2,541.5 +1.23%

[waldron] 12/10/2018 17:02

Total
52.93 -0.53%


Engie
11.68 -1.52%

Orange
13.465 -1.72%

FTSE 100
6,995.91 -0.16%
Dow Jones
25,214.28 +0.64%
CAC 40
5,095.98 -0.20%


Brent Crude Oil NYMEX 80.08 -0.26%
Gasoline NYMEX 1.92 -0.47%
Natural Gas NYMEX 3.19 -1.36%



BP
558 +0.65%

Shell A
2,478 -0.28%



Shell B
2,510.5 -0.38%

[la forge] 12/10/2018 16:03

Major gas discovery made at Glendronach field
Posted on 12 Oct 2018
inShare
Major gas discovery made at Glendronach field Oil and gas giant Total (www.total.com) has made a large gas discovery at its Glendronach field, near Shetland.

The company said that initial tests on the prospect indicated good reservoir quality, permeability and well production deliverability.

The total capacity of the Glendronach prospect is estimated to be around one trillion ft3 of gas.

The field could also be developed quickly at low cost by linking it to the existing infrastructure of the nearby Edradour field.

Total said the discovery will extend the life of the West of Shetland infrastructure and production hub. This includes the Laggan, Tormore, Edradour and Glenlivet fields, plus the Shetland Gas plant, all of which contribute about 7% of the UK’s gas consumption.

Deirdre Michie, Oil & Gas UK’s chief executive, said: “This is a major discovery, which demonstrates the exciting potential of the West of Shetland frontier region.

“The focus on quick commercialisation of this find, made viable by the existing infrastructure, provides motivation for investors as well as industry.

“As our Economic Report recently highlighted, an increase in drilling activity is key to unlocking the remaining potential of the UK Continental Shelf.

"This significant discovery demonstrates that the improved competitiveness of the basin is having positive results, thanks to the hard work undertaken by industry since the downturn.”

[la forge] 12/10/2018 16:03

Major gas discovery made at Glendronach field
Posted on 12 Oct 2018
inShare
Major gas discovery made at Glendronach field Oil and gas giant Total (www.total.com) has made a large gas discovery at its Glendronach field, near Shetland.

The company said that initial tests on the prospect indicated good reservoir quality, permeability and well production deliverability.

The total capacity of the Glendronach prospect is estimated to be around one trillion ft3 of gas.

The field could also be developed quickly at low cost by linking it to the existing infrastructure of the nearby Edradour field.

Total said the discovery will extend the life of the West of Shetland infrastructure and production hub. This includes the Laggan, Tormore, Edradour and Glenlivet fields, plus the Shetland Gas plant, all of which contribute about 7% of the UK’s gas consumption.

Deirdre Michie, Oil & Gas UK’s chief executive, said: “This is a major discovery, which demonstrates the exciting potential of the West of Shetland frontier region.

“The focus on quick commercialisation of this find, made viable by the existing infrastructure, provides motivation for investors as well as industry.

“As our Economic Report recently highlighted, an increase in drilling activity is key to unlocking the remaining potential of the UK Continental Shelf.

"This significant discovery demonstrates that the improved competitiveness of the basin is having positive results, thanks to the hard work undertaken by industry since the downturn.”

[waldron] 11/10/2018 17:27

Total
53.21 -3.43%


Engie
11.86 -2.59%

Orange
13.7 -1.05%

FTSE 100
7,006.93 -1.94%
Dow Jones
25,451.65 -0.57%
CAC 40
5,106.37 -1.92%

Brent Crude Oil NYMEX 81.27 -1.35%
Gasoline NYMEX 1.95 -2.12%
Natural Gas NYMEX 3.16 -3.60%










BP
554.4 -2.60%


Shell A
2,485 -3.01%


Shell B
2,520 -3.04%

[waldron] 11/10/2018 10:01

Renault SA (RNO.FR) said Thursday that it has signed agreements with Electricite de France SA (EDF.FR), Total SA (FP.FR) and Enel SpA (ENEL.MI) as part of its push into developing electric-vehicle infrastructure.

The French auto maker said it would cooperate with EDF in the fields of electric mobility and energy services. The companies plan to expand its smart-charging services to French overseas territories such as Corsica.

With Total, Renault said it will develop an app along with its partner Jedlix to optimize electric-vehicle charging to maximize the use of renewable energies and benefit from lower electricity prices.

Renault's partnership with Enel will initially cover a pilot study to evaluate smart charging of electric vehicles in Italy, with potential to expand into the installation of new charging stations across Austria and Italy, the car maker said.



Write to Nathan Allen at [e-mail]



(END) Dow Jones Newswires

October 11, 2018 04:38 ET (08:38 GMT)

[waldron] 10/10/2018 17:05

Total
55.1 +0.49%


Engie
12.175 -4.96%

Orange
13.845 +1.84%

FTSE 100
7,145.74 -1.27%
Dow Jones
26,079.69 -1.33%
CAC 40
5,206.22 -2.11%

Brent Crude Oil NYMEX 83.34 -1.77%
Gasoline NYMEX 2.02 -2.43%
Natural Gas NYMEX 3.28 -0.73%




BP
569.2 -1.69%


Shell A
2,562 -1.25%


Shell B
2,599 -1.48%

[ariane] 10/10/2018 08:47

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 (October 10, 2018).

Big oil companies are betting on natural gas as the fuel of the future -- and working hard to ensure new projects deliver profits of the future.

Royal Dutch Shell PLC last week announced a liquefied natural gas project in Canada that will cost $14 billion to build, while Exxon Mobil Corp. and partners are expected to approve a multibillion-dollar LNG project in Mozambique in 2019. That is a similar timeline to Russia's roughly $20 billion Arctic LNG-2 project, which is part-owned by France's Total SA.

Natural-gas projects historically have delivered lower returns than big oil projects, leading companies and shareholders to prioritize oil developments. That's something the companies are working hard to change.

Still, According to Edinburgh, Scotland-based consultancy Wood Mackenzie, the weighted average internal rate of return for liquefied natural gas projects currently in the pipeline is about 13%. That compares with 20% for deep water projects and 51% for unconventional oil developments like shale.

"The problem for oil companies is that gas is much more difficult to make profitable," said Eirik Wærness, chief economist at Norwegian oil company Equinor ASA, formerly known as Statoil.

The case for gas also becomes even more difficult, at least in the short term, when oil prices are high, as they have been recently., though oil companies invest on a long-term horizon

Yet big oil has little choice but to double down on gas. Companies have discovered fewer large new oil depositsthan natural gas opportunities over the past decade. Governments, including China and many in Europe, want to reduce pollution by burning cleaner fuels for transport and electricity. A new natural-gas power plant emits around half the carbon dioxide emitted by a new coal or fuel-oil plant.

Rising global demand also makes a compelling case for natural-gas investment. Oil consumption is expected to rise by just 0.5% a year out to 2040, according to Wood Mackenzie, substantially slower than in previous decades. Some forecasts say demand could stop growing altogether within the next decade.

Natural-gas consumption, though, is expected to rise to 24% of the world's energy mix by 2040, from 22% in 2016, according to the International Energy Agency. LNG's share of that market is set to rise to almost 40% in 2023, from around a third in 2017, the IEA forecast.

By 2025, both Shell and BP PLC will be producing more gas than oil. French giant Total SA's production is near 50-50 split. Exxon Mobil Corp. is also planning significant new investments in LNG.

"It's all a balancing act," said Brian Youngberg, senior energy analyst at brokerage Edward Jones. "At the end of the day, oil is the most profitable product they produce, but demand is going to slow so you need to start managing that transition."

At the same time, oil companies are eyeing efforts to curb global warming that could make lower-carbon natural gas more competitive. Policies like a substantial price on carbon "moves the dial on gas," Mr. Wærness said.

Oil companies are selling the strategic shift as a smart bet on a growing market.

"The good news is that the natural gas market will continue to grow, and this explains why we are aggressive, offensive and expanding," Total CEO Patrick Pouyanné told investors last month. "On the contrary, the oil market will stabilize and even decline."

Investors have embraced the strategy, with some reservations. Big gas projects generate lower returns, but they are profitable and provide much more stable long-term cash flow than most oil developments -- attractive characteristics for shareholders who want to know their dividends are secure. And internal rate of return is just one measure. Many big gas projects offer opportunities for profit-generation through trading and business integration.

The natural-gas projects provide "very stable and consistent cash flow and this is something oil-and-gas companies have never really had, and what has made them so cyclical," said Richard Hulf, a manager of the Global Energy Fund at Artemis Fund Managers.

Companies are continuing to make significant oil investments, providing a balance to higher risk, higher reward projects that many investors like.

Yet the dash for gas highlights broader risks for the sectorin an age of lower-carbon energy and an eventual shift away from fossil fuels altogether to more renewable energy.

"The pivot to gas the industry is engaging in will over time probably mean the industry is pursuing a dramatically smaller overall profit pool -- unless gas pricing moves to energy equivalence with oil, which is unlikely," said Nick Stansbury, head of commodities research at Legal & General Investment Management.

Investment in renewable energy for electricity generation is already outpacing fossil fuels globally, driven by falling costs of producing wind and solar power. More than half of power-generating capacity added in recent years has been in renewable sources, according to the IEA.

"Longer term it's the logical thing to be doing if you believe that the gas market has got more longevity and is going to continue growing," Wood Mackenzie analyst Tom Ellacott said.

Big oil companies are working to drive down costs, secure buyers and leverage their market clout to maximize returns. Shell pushed back the approval of its Canadian LNG project by two years and split it in half as it worked to bring down the costs. It expects the project to generate an internal rate of return of 13%.

The moves point to the potential for a more sober oil-and-gas industry, less prone to the dramatic slumps that come with oil-price cycles yet with equally less promise to reach heady peaks. "You will see lower return on investments for some of these [gas] projects," said Espen Erlingsen, a partner at Norwegian consultancy Rystad Energy. "I guess that's something they have to live with."

Write to Sarah Kent at [e-mail] and Sarah McFarlane at [e-mail]



(END) Dow Jones Newswires

October 10, 2018 02:47 ET (06:47 GMT)

[waldron] 09/10/2018 16:55

Total
54.83 +1.44%

Engie
12.62 -0.28%

Orange
13.595 -0.07%

FTSE 100
7,237.59 +0.06%
Dow Jones
26,471.91 -0.06%
CAC 40
5,318.55 +0.35%

Brent Crude Oil NYMEX 84.84 +1.22%
Gasoline NYMEX 2.08 +0.09%
Natural Gas NYMEX 3.26 -0.79%


BP
579 +0.42%


Shell A
2,594.5 +0.91%


Shell B
2,638 +1.01%