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TTA Total Se

39.315
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Total Se LSE:TTA London Ordinary Share FR0000120271 TOTAL ORD SHS
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 39.315 38.68 38.94 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Total Share Discussion Threads

Showing 2001 to 2019 of 3825 messages
Chat Pages: Latest  81  80  79  78  77  76  75  74  73  72  71  70  Older
DateSubjectAuthorDiscuss
21/12/2018
14:15
Total SA (FP.FR) said Friday that it has agreed to buy a further 10% stake in Brazil's Lapa field from Petroleo Brasileiro S/A (PETR3.BR) for $50 million.

Following the transaction, Total will hold a 45% stake in the oil field, while Royal Dutch Shell PLC (RDSA.LN) will own 30% and Repsol Sinopec the remaining 25%.

French energy company Total also signed an agreement with Brazilian oil major Petrobras to create a joint venture by July 31, 2019. The JV is aimed at developing onshore solar and wind projects with up to 500 megawatts of capacity over the next five years.



Write to Alberto Delclaux at alberto.delclaux@dowjones.com



(END) Dow Jones Newswires

December 21, 2018 06:02 ET (11:02 GMT)

sarkasm
21/12/2018
14:14
Total SA (FP.FR) and Sonangol have agreed to establish a joint venture for fuel distribution and lubricant sales in Angola, the French oil major said Friday.

The partnership will start with a network of service stations under the Total brand, the company said, but it could be further expanded to logistics and supply of petroleum products.

"This agreement is in line with our strategy to expand in large growing markets worldwide," said Momar Nguer, in charge of marketing and services at Total.



Write to Alberto Delclaux at alberto.delclaux@dowjones.com



(END) Dow Jones Newswires

December 21, 2018 06:52 ET (11:52 GMT)

sarkasm
21/12/2018
11:39
Total SA (FP.FR) said Friday that it has agreed to buy a further 10% stake in Brazil's Lapa field from Petroleo Brasileiro S/A (PETR3.BR) for $50 million.

Following the transaction, Total will hold a 45% stake in the oil field, while Royal Dutch Shell PLC (RDSA.LN) will own 30% and Repsol Sinopec the remaining 25%.

French energy company Total also signed an agreement with Brazilian oil major Petrobras to create a joint venture by July 31, 2019. The JV is aimed at developing onshore solar and wind projects with up to 500 megawatts of capacity over the next five years.



Write to Alberto Delclaux at alberto.delclaux@dowjones.com



(END) Dow Jones Newswires

December 21, 2018 06:02 ET (11:02 GMT)

sarkasm
21/12/2018
08:55
Total To Launch Oil Exports From New Nigerian Field In February
By Tsvetana Paraskova - Dec 20, 2018, 10:00 PM CST Egina deepwater FPSO

Just as OPEC and partners will have started the new round of production cuts to reduce oversupply, France’s Total is set to begin exports from the new ultra-deep Egina oil field offshore Nigeria in February 2019, at an initial rate of just over 100,000 bpd, Bloomberg reported on Thursday, quoting a copy of a loading program for the new grade it had seen.

The Egina oil field project is based on a subsea production system connected to a floating production, storage and offloading (FPSO) unit. The field’s production capacity is forecast at 200,000 bpd—around 10 percent of Nigeria’s total oil production, the project operator Total says.

According to Bloomberg estimates, 200,000 bpd in exports will make Egina the fourth biggest Nigerian crude grade in terms of volumes.

The timing of the new field start-up coincides with the OPEC/non-OPEC production cuts, from which Nigeria wasn’t spared this time around. The report of start of exports also comes as oil prices continue to be depressed by market fears that the cuts may not be enough to erase the oversupply, especially if fears of slowing global economic growth materialize.

Following a wave of militant violence in 2016 and early 2017, Nigeria’s oil production started to recover in the latter half of 2017, when attacks on oil infrastructure subsided.

This year, after some hiccups and pipeline outages during the spring and early summer, Nigeria’s crude oil production has been on the rise since August, and production is set to further increase with the imminent start-up of Egina.

Related: What’s Behind The Crash In Crude?

Despite some concerns over the stability of Nigeria’s oil operations ahead of the February elections, the country wasn’t exempted from the new OPEC+ production cut deal. Fellow African producer Libya, alongside Iran and Venezuela, were granted exemption from the cuts, but Nigeria wasn’t.

Nigerian Oil Minister Emmanuel Kachikwu told local news outlet THISDAY last week that the country hadn’t asked for an exemption, and that it could contribute with up to 40,000 bpd to the 800,000 bpd OPEC has pledged to cut from January. The 40,000-bpd figure is some 2.5 percent of Nigeria’s current crude oil production of 1.7 million bpd, the minister said.

By Tsvetana Paraskova for Oilprice.com

waldron
20/12/2018
16:55
Total
45.895 -2.00%


Engie
12.465 -2.58%

Orange
14.265 -0.63%


FTSE 100
6,711.93 -0.80%
Dow Jones
23,066.93 -1.10%
CAC 40
4,692.46 -1.78%


Brent Crude Oil NYMEX 55.14 -3.67%
Gasoline NYMEX 1.35 -1.70%
Natural Gas NYMEX 3.77 +1.05%

WTI - 20/12 17:42:28
46.15 USD -2.51%


BP
492.4 -2.01%


Shell A
2,266 -1.33%


Shell B
2,290.5 -1.19%

waldron
20/12/2018
15:58
Total poised to start exports from new offshore field in Nigeria
By Sherry Su on 12/20/2018

LONDON (Bloomberg) -- Total SA is poised to start exports of crude from a major new offshore field in Nigeria, adding to global supplies at a time when oil prices are plunging.

Shipments of Egina crude from a floating offshore production vessel have been scheduled for February, according to a copy of a loading program for the new grade seen by Bloomberg. Initial exports should be just over 100,000 bpd but could double in the following months.

The extra supplies will arrive at an awkward moment for an oil market that’s seen prices for benchmark Brent and West Texas Intermediate grades plunge by more than $30/bbl since early October. The project will also bolster Nigerian production when the country is meant to be restricting supplies to help OPEC and its allies avert a glut.

Egina is the first of a series of a projects that are intended to revive Nigeria’s oil production into the next decade, while also increasing the share of output from offshore facilities and thus minimizing risks from sabotage and crude theft.

Read how and why Nigeria is targeting offshore oil production growth. Total, the field’s operator, will handle shipments from a $4 billion floating production, storage and offloading vessel, the largest facility of its kind ever built by the French major.

Nigeria agreed on Dec. 7 to curb its output when OPEC and allied producers met in Vienna. The nation will have to cut supplies starting in January by about 40,000 bpd under the deal.

Nigerian crude production has dipped in recent years and stood at about 1.76 MMbpd in November, according to estimates compiled by Bloomberg.

Exports of 200,000 bpd would make Egina a bigger grade than all bar three Nigerian crudes, based on January loading-program data compiled by Bloomberg.

waldron
19/12/2018
16:56
Total
46.83 +0.16%


Engie
12.795 +0.99%

Orange
14.355 +0.91%

FTSE 100
6,765.94 +0.96%
Dow Jones
23,844.44 +0.71%
CAC 40
4,777.45 +0.49%


WTI 47.9100 +4.47%
BRENT 57.5840 +2.91%
Gasoline NYMEX 1.38 +2.83%
Natural Gas NYMEX 3.64 -5.08%



BP
502.5 +1.05%


Shell A
2,296.5 +1.32%


Shell B
2,318 +1.60%

waldron
19/12/2018
12:08
19/12/2018 | 11:12

Paris (AFP) - The oil giant Total, tried in Paris for "bribing foreign public officials" on the sidelines of the signing of a gas contract in Iran in a case of twenty years, will know Friday its judgment.
PUBLICITY
inRead invented by Teads

In a trial that was quickly overturned in October in the criminal court, the tanker's defense had demanded his release, while the prosecution had demanded very heavy financial penalties.

The prosecutor had judged "derisory" the maximum fine provided by the law, 750,000 euros, in view of the actions of the then French multinational, prosecuted for having paid bribes on the sidelines of the signing of a contract gas in Iran in 1997.

The prosecution representative had therefore asked the judges to also sentence Total to a supplementary sentence rarely implemented in France: the confiscation of the proceeds of the offense, estimated at 250 million euros, an amount that the State could seize on his accounts.

The prosecution had determined this amount after a complex calculation taking into account in particular the poor cooperation of the oil with the French authorities in this case.

Total is judged to have paid $ 30 million in bribes between 2000 and 2004 in connection with a 1997 contract for the huge gas field of South Pars in the Persian Gulf against a background of US embargo.

The French group is the only defendant remaining in this old case: among the three men who were prosecuted, the former CEO of Total Christophe de Margerie and an Iranian intermediary died. A second Iranian intermediary is presumed dead - "three to four years" of imprisonment have nevertheless been required against him.

The investigation, which began in 2006 in France, initially involved two contracts: the 1997 South Pars gas contract, but also a contract concluded in July 1995 for the exploitation of the Iranian oil fields of Sirri A and E, also in the Gulf. .

In addition to these two agreements, Total is suspected of having paid a total of $ 60 million in bribes between 1995 and 2004 through intermediaries and a front company, Baston Limited, to a son of former president Rafsanjani, highly placed in the Iranian public oil sector, under cover of contracts of "consulting".

- Schemes of the "past" -

The prosecutor had described a pattern of corruption that "really belongs to the past", to a "relatively simple world with little or no compulsion to face the criminal law".

The multinational is judged only for commissions paid after 2000, after the entry into force of the Foreign Officials Corruption Act: $ 30 million, tied only to the South Pars contract.

The trial, initially scheduled over four days, had been cut short because Total, which concluded a transaction to 398 million dollars in the United States in 2013 for the whole case, believes that this US agreement forbids him to discuss the bottom of the file.

His representative Jean-Jacques Guilbaud relied on the facts as reported in the US procedure.

Total had initially sought to evade his trial, his lawyers believing that the group could not be tried twice for the same facts and that the existence of the US transaction would render the trial unfair.

But the court had decided to decide this question only at the time of its deliberations.

His lawyers then pleaded his release, challenging the accusations of "corruption" and believing that these facts would rather be trading in influence abroad, not repressed at the time.

These "consulting" contracts were then aimed at "seeking assistance and influence in Iran", summed up one of the lawyers of the group. He had emphasized the current practices of Total, "which today assumes a full place in the fight against international corruption."

Agefi-Dow Jones The financial newswire

florenceorbis
18/12/2018
17:14
Total
46.755 -3.83%

Engie
12.67 -1.52%

Orange
14.225 -1.45%

FTSE 100
6,701.59 -1.06%
Dow Jones
23,815.6 +0.94%
CAC 40
4,754.08 -0.95%


Brent Crude Oil NYMEX 57.23 -3.99%
Gasoline NYMEX 1.37 -3.19%
Natural Gas NYMEX 3.75 +6.38%

WTI - 18/12 18:02:49
47.22 USD -3.67%




BP
497.3 -2.22%


Shell A
2,266.5 -2.39%


Shell B
2,281.5 -2.46%

waldron
18/12/2018
11:05
Shell, Total among the majors committed to developing Chinese acreage

Written by Bloomberg - 18/12/2018 9:29 am

Signage for Cnooc Ltd. is displayed on the company's headquarters in Beijing, China. Photographer: Nelson Ching/Bloomberg
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China signaled its openness for business with a raft of deals that’ll give oil majors including Royal Dutch Shell Plc new opportunities to develop fields in partnership with the nation’s biggest offshore explorer.

China National Offshore Oil Corp. said in Beijing on Tuesday that it had inked oil and gas accords with nine firms. The signing ceremony followed President Xi Jinping’s address to party cadres marking 40 years of reform and broadly underlining the nation’s commitment to global trade.

The agreements cover 64,000 square kilometers in the Pearl River basin, to a depth of up to 3,000 meters. In addition to the Netherlands-based Shell, France’s Total SA and U.S.-based Chevron Corp. were also awarded parcels. All three majors hold existing production sharing contracts with CNOOC. The other firms involved are: ConocoPhillips, Equinor ASA, Husky Energy Inc., Kuwait Foreign Petroleum Exploration Co., Roc Oil Co., and SK Innovation Co.

“It’s no coincidence that CNOOC made the statement a couple of hours after President Xi’s speech,” said Tian Miao, a Beijing-based analyst at Everbright Sun Hung Kai Co. “It’s only reasonable to assume this is one of the real actions China is taking to show the world it’s willing to open businesses to the whole world.”
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Increased Output

CNOOC has signed more than 200 PSCs since its inception in the early 1980’s, even as it has increasingly relied on its own resources to tap deep-water projects in Chinese waters — most recently the giant Lingshui 17-2 gas field in the South China Sea. The company has promised to increase spending and raise output, heeding Xi’s call for enhanced energy security as imports grow and the nation contends with the U.S. over trade.

“The agreements will facilitate the establishment of a long term and stable cooperation and share the development opportunities to a certain extent in the Strategic Cooperation Areas, creating conditions for the final signing of contracts,” CNOOC’s listed unit said in a statement.

At the ceremony, Chairman Yang Hua said the company’s aim is to boost output to 2 million barrels of oil equivalent a day by 2025, from about 1.3 million last year, and that agreements with foreign companies could extend beyond upstream ventures in China to broader cooperation in other geographies. He also said the government is studying policies to support exploration and development of offshore oil and gas, and that “the sector will open wider to international players going forward.”

The smallest of China’s big three oil and gas firms, CNOOC is its favored vehicle for international cooperation and holds the vast majority of reserves in Chinese waters. About three-quarters of its offshore production is conducted independently, with the remainder tied up in PSCs, including deals signed in July with Australia’s Roc Oil and Smart Oil LLC of the U.S. The agreements typically give CNOOC the rights on up to 51 percent of any commercial discoveries.

“From a business perspective, inviting international oil companies to join domestic offshore exploration helps reduce investment risks and bring in more offshore drilling expertise,” said Tian. “It definitely helps CNOOC’s promise to quickly raise oil and gas output from domestic fields.”

CNOOC’s shares fell 4.1 percent to HK$12.16. They are up 8.4 percent this year.

Xi’s address in the capital disappointed those hoping for specific policies to counter a slowing economy and show the nation’s intent to free up its markets. Instead, the president focused more on the accomplishments of the nation’s Communist Party.

maywillow
17/12/2018
16:53
Total
48.615 -0.99%


Engie
12.865 -0.31%

Orange
14.435 -0.72%

FTSE 100
6,773.24 -1.05%
Dow Jones
24,003.8 -0.40%
CAC 40
4,799.87 -1.11%


Brent Crude Oil NYMEX 59.62 -1.09%
Gasoline NYMEX 1.42 -0.98%
Natural Gas NYMEX 3.65 -4.57%


WTI - 17/12 17:40:23
50.1 USD -2.32%


BP
508.6 -0.80%


Shell A
2,322 -0.88%


Shell B
2,339 -0.81%

waldron
16/12/2018
18:22
Big Oil Is Better Prepared For The Next Price Crash
By Tsvetana Paraskova - Dec 16, 2018, 12:00 PM CST
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offshore

The six largest international oil companies have shored up profits and cash flows this year, reporting incomes at their highest levels since the 2014 oil price crash. Cost cuts, conservative price assumptions in spending plans, and investment cherry-picking has paid off.

Now the six biggest of Big Oil—Exxon, Chevron, Shell, BP, Total, and Eni--are in a good place to remain resilient at $60 a barrel Brent Crude, thanks to diversified and robust portfolios, according to ratings agency S&P Global Ratings.

Even when oil prices hit four-year highs in October, the largest publicly traded international oil companies didn’t change their underlying price assumptions for future investment in projects—they continue to conservatively plan for a world of oil prices at $50 to $60.

“Supermajors and these guys, the big players, the IOCs, they reckon they can break even with Brent at $50 (per barrel),” Simon Redmond, senior director of corporate ratings at S&P Global Ratings, told CNBC this week.

“So, whether its $65 or $60, they’re looking pretty good. And they should be able to generate meaningful cash flow,” Redmond said, singling out Exxon and Shell as the two majors with the strongest profiles.

In October, when Brent Crude hit $86 a barrel, oil majors didn’t get carried away like some analysts who started talking about a return of $100 oil.

Big Oil reaffirmed that their base-case project planning scenarios continue to be in the $55-65 range and that they can break even at around $50 Brent Crude price or even below.

“As oil prices stay up over $50 a barrel, we will be surplus free cash as we go into 2020, and 2021. And, of course, we have said our breakeven goes down to $35-40 a barrel by the end of 2021, unless we chose to distribute to shareholders,” BP’s CFO Brian Gilvary said on the Q3 earnings webcast.
Related: Saudi Arabia Under Fire From All Sides

Answering an analyst question at what oil price BP is basing its plans, Gilvary said that this year the company set that at $55 a barrel.

“We run those cases at $50 and $75 a barrel. And at $75 a barrel real over a very long period of time, and $50 is the base case that we run everything at. That’s how we look at our projects,” Gilvary noted.

Total said in its strategy presentation in September that it had more than halved its post-dividend breakeven to $50 a barrel now, compared to 2014.

Shell is aiming for its projects to be able to break even at $40 oil, CFO Jessica Uhl said at the Q3 earnings call.
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Eni has halved its cash neutrality point—the point at which it will be able to fund capex and dividend—from $114 a barrel in 2014 to $57 a barrel. In the Q3 earnings release, Eni confirmed its cash neutrality for 2018 is at $55 per barrel oil.

Big Oil’s project and profitability estimates may be put to the real test next year, as oil prices slumped by around 30 percent from early October highs, with Brent currently sitting just above $60.

OPEC and allies’ deal to curtail production again may have put a soft floor under oil prices, but it has definitely failed to impress the market. Analysts have recently slashed projections for oil prices for 2019.

Earlier this week, Morgan Stanley lowered its Brent Crude price forecast for 2019 by US$10 a barrel to US$68.50.

S&P Global Ratings sees Brent at $65 next year and at $55 in the longer term, and expects WTI at $60 in 2019.

Related: No, The U.S. Is Not A Net Exporter Of Crude Oil

In its December Short-Term Energy Outlook (STEO), the EIA slashed its 2019 price forecasts for Brent and WTI to $61 and $54, respectively—both $11 a barrel lower than forecast in the November STEO.

“EIA expects that the magnitude of the recent price declines combined with the OPEC production cuts will bring 2019 supply and demand numbers largely into balance, which EIA forecasts will keep prices near current levels in the coming months,” it said.

Market volatility in November was the largest since 2012 for Brent and the largest since 2014 for WTI. The implied volatility more than doubled in November in a sign of the growing uncertainty in the market about future supply and demand, according to the EIA.

Amid uncertainties and market volatility, oil majors expect to continue churning in profits even at $50 Brent. We may see their resilience tested next year.

By Tsvetana Paraskova for Oilprice.com

the grumpy old men
14/12/2018
17:24
Total
49.1 +0.33%


Engie
12.905 +1.02%

Orange
14.54 -0.38%

FTSE 100
6,845.17 -0.47%
Dow Jones
24,160.19 -1.78%
CAC 40
4,853.7 -0.88%


Brent Crude Oil NYMEX 60.29 -1.89%
Gasoline NYMEX 1.44 -2.74%
Natural Gas NYMEX 3.89 -5.67%

WTI - 14/12 18:17:07
51.15 USD -3.13%



BP
512.7 -0.29%


Shell A
2,342.5 +0.06%

Shell B
2,358 -0.17%

waldron
13/12/2018
17:44
Total
48.94 +0.97%


Engie
12.775 +0.99%

Orange
14.595 -1.22%


FTSE 100
6,877.5 -0.04%
Dow Jones
24,527.25 +0.00%
CAC 40
4,896.92 -0.26%


Brent Crude Oil NYMEX 60.73 +0.96%
Gasoline NYMEX 1.45 +2.12%
Natural Gas NYMEX 4.18 +1.02%

WTI - 13/12 18:41:05
51.92 USD +1.15%

BP
514.2 -0.45%


Shell A
2,341 -0.32%


Shell B
2,362 -0.19%

waldron
13/12/2018
12:01
Gabon's national petroleum-workers union (ONEP) has suspended a strike a day after the planned three-day action kicked off, ONEP Secretary-General Sylvain Mayabit Binet told Dow Jones Newswires on Thursday.

The union had organized the action in front of the office of Gabonese Premier Emmanuel Issoze Ngondet to demonstrate against what it described as deplorable working conditions and to demand better social services.

Before calling of the demonstration, ONEP had blocked the facilities of oil producers and refiners including Addax Petroleum, Assala Energy, Sogara and Maurel & Prom.

Mr. Mayabit Binet said the strike was called off for Wednesday and Thursday. "Part of our goal was to call for the attention of the government to push our employers to improve our working conditions," he said, adding OPEC was certain the prime minister would consider the situation when he returned from a trip away from the capital.

This week's action was the third strike by Gabonese oil workers this year.

Earlier in the year, ONEP led a strike that hit crude oil output at Total Gabon for days. Workers at the French oil giant's local unit demanded additional wages and modification of their career profiles, as well as a reduction in the number of foreign workers at the company.



Write to Emmanuel Tumanjong at barcelonaeditors@dowjones.com



(END) Dow Jones Newswires

December 13, 2018 06:17 ET (11:17 GMT)

waldron
13/12/2018
11:05
12/18 2018
Ex-Dividend date for the 2nd 2018 interim Dividend

ariane
13/12/2018
07:27
13/12/2018 | 7:47

PARIS (Agefi-Dow Jones) - Total's board of directors decided on Wednesday to reduce the share capital of energy giant by canceling 44.6 million treasury shares, representing 1.66% of capital.

These shares were bought back between 9 February and 11 October 2018, Total said in a statement.

"This transaction has no impact on Total SA's consolidated financial statements, diluted weighted average number of shares and net earnings per share," the group added.

Following the cancellation of these shares, the number of shares making up the capital of Total amounted to 2.64 billion and the number of voting rights exercisable at a general meeting at 2.77 billion.

The board of directors also decided on Wednesday to distribute a second interim dividend of € 0.64 per share, "identical to the first interim dividend for fiscal year 2018 and up 3.2% compared to the three installments and the balance paid for the 2017 fiscal year, "said Total in a separate statement.

-Alice Doré, Agefi-Dow Jones; +33 1 41 27 47 90; adore@agefi.fr ed: VLV

Agefi-Dow Jones The financial newswire

waldron
12/12/2018
16:58
Total
48.47 +1.48%


Engie
12.65 +3.18%

Orange
14.775 +1.23%


FTSE 100
6,880.19 +1.08%
Dow Jones
24,669.46 +1.23%
CAC 40
4,909.45 +2.15%

Brent Crude Oil NYMEX 61.00 +1.33%
Gasoline NYMEX 1.46 +1.10%
Natural Gas NYMEX 4.19 -4.99%

WTI - 12/12 17:45:59
52.31 USD +0.58%



BP
516.5 -0.06%


Shell A
2,348.5 +0.43%


Shell B
2,366.5 +0.70%

waldron
11/12/2018
17:21
Total
47.765 +0.90%


Engie
12.26 +2.25%

Orange
14.595 +0.69%


FTSE 100
6,806.94 +1.27%
Dow Jones
24,462.16 +0.16%
CAC 40
4,806.2 +1.35%

WTI 51.63 +1.37%

Brent Crude Oil NYMEX 60.29 +0.53%
Gasoline NYMEX 1.43 +0.78%
Natural Gas NYMEX 4.38 -3.59%


BP
516.8 +1.51%


Shell A
2,338.5 +0.93%


Shell B
2,350 +0.99%

waldron
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