Totalenergies Share Discussion Threads

[waldron] 21/12/2021 06:02

Kistos confirms participation in bidding for Total West of Shetland assets

Mon, 20th Dec 2021 11:59
ShareCast

(Sharecast News) - Low-carbon focussed energy producer Kistos confirmed in response to press speculation on Monday that it was participating in a process being run by Total to sell
interests in certain of Total's West of Shetland gas assets.
The AIM-traded firm said its participation in the process was in keeping with its stated strategy of growth through acquisition.

It said it was one of a number of opportunities that had been "actively considered" over the last six months.

"If Kistos becomes the preferred bidder in the process currently being run by Total, it is expected that any acquisition would be funded using the company's existing resources," the board said in its statement.

"Shareholders are advised that there can be no certainty that Kistos' participation in this process will lead to a definitive transaction.

"If appropriate, the company will provide a further update to shareholders."

At 1138 GMT, shares in Kistos were up 0.3% at 396.2p.

[ariane] 20/12/2021 10:48

TotalEnergies Expands In Key Growth Area With Double Win In Brazil
by Bojan Lepic
|
Rigzone Staff
|
Monday, December 20, 2021


TotalEnergies has further expanded its presence in Brazil, a ‘key growth area’ for the French energy major, by winning stakes in two pre-salt oil fields.

Total Energies was awarded stakes in the Atapu and Sépia pre-salt oil fields offered by Brazil’s National Agency of Petroleum, Natural Gas, and Biofuels (ANP) in the Transfer of Rights Surplus Bidding Round.

The French firm won a 22.5 percent interest in Atapu alongside Shell – its partner in the field – which will hold 25 percent, and operator Petrobras with a 52.5 percent stake.

The Atapu field is a pre-salt oil field in the Santos Basin, located in water depths of about 6,500 feet. Production started in 2020 and has reached a plateau of 160,000 barrels per day with a first floating, production, storage, and offloading vessel (FPSO).

A second FPSO is planned to be sanctioned, which would increase the overall oil production of the field to around 350,000 barrels per day.

The other win for total is the Sépia field, also located in the Santos Basin. There, TotalEnergies now holds a 28 percent interest. The two partners, apart from operator Petrobras with its 30 percent stake, are QatarEnergy with 21 percent, and Petronas with 21 percent.

Production started in 2021 and is targeting a plateau of 180,000 barrels per day with a first floating, production, storage, and offloading unit (FPSO). A second FPSO is planned to be sanctioned, which would increase the overall oil production of the field to around 350,000 barrels per day.

“With the successful bids on Atapu and Sépia, TotalEnergies further expands its footprint and production in the pre-salt Santos Basin, a key growth area for the company. These are unique opportunities to access giant low-cost and low emissions oil reserves, in line with TotalEnergies' new strategy,” said Patrick Pouyanne, Chairman and CEO of TotalEnergies.

“These assets benefit from world-leading well productivities to keep costs well below 20 $/boe. They also leverage technological innovations to limit greenhouse gas emissions to well below 20 kg/boe. Growing our presence in Brazil will enable us to accelerate the restructuring of our oil portfolio towards low-cost and low emissions hydrocarbon resources that will contribute to transforming TotalEnergies to a sustainable multi-energy company,” he added.

“Moreover, TotalEnergies, through its subsidiary Total Eren, pursues its growth in renewables in Brazil with already a capacity of 300 MW,” Pouyanne concluded.

With these two wins, TotalEnergies production in Brazil will increase from the effective date of the PSC planned by end of April 2022, with 30,000 boe/d in 2022 growing to 50,000 boe/d from 2023.

It is worth noting that Atapu and Sepia are part of an area estimated to hold as much as 15 billion barrels of recoverable crude and are located in an area that already produces oil. Petrobras is producing from a block bordering Sepia while Total, Galp, and Shell are partnering with the Brazilian giant in a block bordering Atapu.

To contact the author, email [e-mail]

[gibbs1] 18/12/2021 08:31

TotalEnergies SE on Friday said it has won production sharing contracts of Brazil's Atapu and Sepia pre-salt oil fields located in the Santos Basin along with its co-ventures.

The French oil-and-gas major said the fields will increase its production in the country from the effective date of the contracts planned by end of April 2022, with 30,000 barrels of oil equivalent a day next year to 50,000 boe/d from 2023.

TotalEnergies has a 22.5% interest in Atapu, alongside Brazil's state-controlled oil company Petrobras, which operates the field, and Royal Dutch Shell PLC. In Sepia, the company has a 28% interest, alongside operator Petrobras, QatarEnergy and Petronas.

The rights were awarded by Brazil's National Agency of Petroleum, Natural Gas and Biofuels.



Write to Giulia Petroni at [e-mail]



(END) Dow Jones Newswires

December 17, 2021 12:06 ET (17:06 GMT)

[gibbs1] 18/12/2021 08:21

TotalEnergies acquires stakes in Atapu, Sépia offshore Brazil
Dec. 17, 2021
TotalEnergies and its co-venturers have won the Atapu and Sépia production sharing contracts offered under Brazil’s second Transfer of Rights Surplus Bidding Round.

(Courtesy TotalEnergies)
Totalenergies Brazil

Offshore staff

PARIS – TotalEnergies and its co-venturers have won the Atapu and Sépia production sharing contracts (PSC) offered under Brazil’s Second Transfer of Rights Surplus Bidding Round.

TotalEnergies, with a 22.5% interest, alongside operator Petrobras (52.5%) and Shell (25%) are partners in the Atapu PSC.

Atapu is a presalt oil field in the Santos basin, in water depths of about 2,000 m (6,562 ft). Production started in 2020 and has reached a plateau of 160,000 b/d with the FPSO P-70. According to TotalEnergies, a second FPSO is planned to be sanctioned, which would increase the overall oil production to around 350,000 b/d.

TotalEnergies, with a 28% interest, alongside operator Petrobras (30%), QatarEnergy (21%) and Petronas (21%) are partners in the Sépia PSC.

Sépia is in the Santos basin, in water depths of about 2,000 m. Production started in 2021 and is targeting a plateau of 180,000 b/d with the FPSO Carioca. A second FPSO is planned to be sanctioned, which would increase the overall oil production to around 350,000 b/d.

According to TotalEnergies, these fields will increase its production in Brazil from the effective date of the PSC planned by end of April 2022, with 30,000 boe/d in 2022 growing to 50,000 boe/d from 2023.

Patrick Pouyanné, chairman and CEO of TotalEnergies, said: “These are unique opportunities to access giant low-cost and low emissions oil reserves, in line with TotalEnergies’ new strategy. These assets benefit from world-leading well productivities to keep costs well below $20/boe. They also leverage technological innovations to limit greenhouse gas emissions to well below 20 kg/boe.”

12/17/2021

[waldron] 16/12/2021 16:53

Real-time Euronext Paris - 12/16 04:39:43 pm

44.675 EUR +3.21%

NOT TODAY

[waldron] 16/12/2021 16:14

[France] TOTALENERGIES SE (TTE)
Real-time Quote. Real-time Euronext Paris - 12/16 11:12:51 am


44.715 EUR +3.30%


NEARING THE 44.86 EUROS RESISTENCE

CAN IT, WILL IT BREAK THRU

[waldron] 15/12/2021 16:39

offshore energy.biz

Home Clean fuel TotalEnergies: LNG bunker market could reach 10 MTPA by 2025
TotalEnergies: LNG bunker market could reach 10 MTPA by 2025

Outlook & strategy

December 15, 2021, by Sanja Pekic

The LNG bunker market could reach ten million tonnes a year by 2025, TotalEnergies Marine Fuels forecasts in its new white paper on marine transport energy transition.


The new white paper is called ‘The Drive for Cleaner Marine Fuels‘. It offers shipping operators insights to navigate their vessel fleet’s energy transition in the short to long-term.

This 44-page white paper looks at the key drivers shaping the move to shipping decarbonisation.

Jérôme Leprince-Ringuet from TotalEnergies said: “We hope to help develop a greater understanding of the key areas and considerations ship owners and operators will need to address, as they move towards tomorrow’s marine fuels landscape.”

The French energy major sees shipping’s transition to LNG as fuel evident in the continued rise of LNG-fuelled ship orders. Currently, there are approximately 230 LNG-fuelled vessels operating. LNG-fuelled vessels represent more than 30 per cent of the total gross tonnage on order. This is according to Clarksons’ October 2021 data.

TotalEnergies forecasts the LNG bunker market could reach ten million tonnes a year by 2025 and represent 10 per cent of the bunkering market by 2030.

Several leading ports and LNG bunker suppliers have established key initiatives and made significant progress to support these developments. As of the end of December 2020, Clarksons recorded 124 ports with LNG bunkering facilities, up from 114 at the start of the year. It also forecasts this will increase to 170 by 2022.

In addition, it projects that the LNG bunkering fleet will double in size in the next two years.

Today, the report says there are 26 LNG bunker vessels in operation globally and the fleet will grow to 43 units. This will offer an aggregated capacity of between seven and eight million tonnes per year by early 2024.



Biomethane to further reduce GHG in shipping

As the next step in its evolution, the paper sees that biomethane, together with LNG, can provide a viable pathway to achieve shipping’s decarbonisation goal. This would also rely on the existing bunker vessels and infrastructure.

In 2020, biomethane production reached about 50 terawatt-hours globally through supply from 1,100 operating plants. This production potential could grow to reach a capacity of 8,500 terawatt-hours.

In addition, another study by research and consultancy organization CE Delft concluded that bioLNG (liquefied biomethane) is a scalable solution for the maritime sector. It also showed that bioLNG will likely be commercially competitive relative to other low- and zero-carbon fuels.

Furthermore, the expanding LNG-fueled fleet could use bioLNG without needing to undertake any modifications. So, the existing supply infrastructure will still be fit for bunkering purposes with either fuel when bioLNG becomes scaled up.

TotalEnergies said it started to contribute to the commercial availability of marine bioLNG. Through its first chartered LNG bunker vessel Gas Agility, it refueled the CMA CGM Jacques Saadé containership. Thus, it demonstrated the capability in supplying bioLNG in the bunker mix with the introduction of biomethane for approximately 13 per cent of the LNG delivered.

[waldron] 15/12/2021 16:19

The European Commission has approved the creation of a joint venture by Three Gorges Corporation (3G), based in China, and TotalEnergie.

The joint venture will invest in a small electric vehicle charging network, which it will build and operate, and partner with third-party charging platform services in China.

3G operates primarily in the development, construction and operation of hydropower and other renewable energy projects, such as wind, solar and water use.

The Commission concluded that the proposed transaction would not raise competition concerns given its limited impact on the market structure.

[ariane] 15/12/2021 07:28

In his latest research note, analyst Giacomo Romeo confirms his positive recommendation. The broker Jefferies is keeping its Buy rating. The target price is reviewed upwards from EUR 47 to EUR 53.

[ariane] 15/12/2021 07:26

Analyst Biraj Borkhataria from RBC research considers the stock attractive and recommends it with a Buy rating. The target price has been revised downwards and is now set at EUR 52 as compared to EUR 54 previously.

[grupo guitarlumber] 06/12/2021 11:01

TotalEnergies begins production from CLOV phase 2 project in Angola

Oil & GasUpstreamDeepwater

By NS Energy Staff Writer 06 Dec 2021

The subsea tie-back project is anticipated to reach a daily production of 40,000 barrels of oil equivalent in mid-2022


TotalEnergies and Angolan National Oil, Gas and Biofuels Agency (ANPG) have announced the start of production from the CLOV phase 2 project in Block 17, offshore Angola.

CLOV phase 2 is connected to the existing CLOV floating production, storage and offloading unit (FPSO). The project involved the drilling of seven wells.

ANPG acting president Belarmino Chitangueleca said: “CLOV Phase 2 start-up comes at the right time to sustain the national oil production. We value the performance of the operator and the contractor group to keep executing projects despite this crisis period.”

The subsea tie-back project is expected to achieve a daily production of 40,000 barrels of oil equivalent in mid-2022, said TotalEnergies.

The CLOV phase 2 project is located nearly 140km off the coast of Angola.

Contained in water depths in the range of 1,100m and 1,400m, the project is estimated to have nearly 55 million barrels of oil equivalent in place.

TotalEnergies, which had initiated the tie-back project in 2018, said that it was executed within budget and as per the scheduled timelines, in spite of the problems resulting from the Covid-19 pandemic.

TotalEnergies Africa exploration and production senior vice-president Henri-Max Ndong-Nzue said: “The start of the production of CLOV Phase 2, a few months after Zinia Phase 2, demonstrates our continuous efforts to ensure a sustainable output on Block 17.

“This project fits within the company’s strategy to focus its upstream investments on low-cost projects which contribute to lower the average GHG emissions intensity of its production.

“CLOV Phase 2 start-up also highlights the performance of our teams despite the health crisis.”

TotalEnergies is the operator of Block 17 with a stake of 38%. Its partners include Equinor (22.16%), ExxonMobil (19%), BP Exploration Angola (15.84%) and Sonangol P&P (5%).

The contractor group has four FPSOs operating in the main production areas of the Angolan block, which include Girassol, Dalia, Pazflor, and CLOV.

The four major hubs in the block were gradually brought into production between 2001 and 2014.

[waldron] 02/12/2021 17:26

Total Eren to tap 'world's best onshore wind' for 10GW Chile green hydrogen plant

Developer part-owned by oil supermajor TotalEnergies says Magallanes offers ideal conditions for green fuels


2 December 2021 14:50 GMT Updated 2 December 2021 14:50 GMT

By Andrew Lee

Total Eren – the renewable developer part-owned by oil supermajor TotalEnergies – unveiled plans for a 10GW wind project to power green hydrogen and ammonia production in Chile.

The developer has launched studies to scope out the massive development in the Magallanes region of southern Chile, an area where it has secured land and said boasts “the best onshore wind conditions” in the world and access to the sea for desalination, and ports to export green fuels produced by up to 8GW of accompanying electrolyser capacity and an ammonia plant.



The developer hopes after the studies to begin work on the H2 Magallanes project in 2025 with first production by 2027. It expects to produce 800,000 tonnes of green hydrogen and export 4.4 million tonnes of ammonia a year.

Along with Australia and the Middle East, South America’s available land and excellent renewable resources have made it a contender for massive green hydrogen projects due to kick-in in the second half of the decade.

Chile has set out its stall to be a leader in the energy transition, with an ambition to host 25GW of green hydrogen production capacity by the end of the decade.

Enel and Siemens Energy start building 'world-first' hydrogen plant to help Porsche go greener


Fabienne Demol, global head of business development of Total Eren, said: “We are delighted to present this large-scale green hydrogen project, a pioneering initiative that we are proud to officially launch today in Chile’s Punta Arenas.

“I am eager to begin construction to contribute to Chile’s ambition of becoming a top destination for green hydrogen investment in Latin America and meet the needs of our customers worldwide.”

France-based TotalEnergies owns a near-30% share of Total Eren

[grupo guitarlumber] 01/12/2021 10:11

otalEnergies' tantalising Venus-1 wildcat spuds offshore Namibia

Maersk Voyager has started drilling vaunted ultra-deepwater exploration well in block 2913B

30 November 2021 12:59 GMT Updated 1 December 2021 8:48 GMT

By Iain Esau
in London

TotalEnergies, the French supermajor, has spudded its much-hyped Venus-1 wildcat offshore Namibia that will target a multi-billion-barrel mega-structure.

[waldron] 30/11/2021 18:23

WISHFUL THINKING PERHAPS FOR THE LONG LONG TERM TARGET

Should be fun to chalk it up BOX BY BOX

THE TotalEnergies WISH LIST BOXES togetherwith Broker targets thrown in for good measure to make you laugh,chuckle,smile and or smirk

38 to 40 euros
40 to 42 euros $$$ WE ARE HERE $$$$ $$$ UBS target 42 euros

42 to 44 euros

44 to 46 euros
46 to 48 euros $$$ Jefferies target 47 euros and HSBC ups target to 47.40 euros
48 to 50 euros $$$ Deutsche Bank targetting 48.30 euros
50 to 52 euros $$$ Berenberg targets 50 euros with Morgan Stanley targeting 50.30 euros and ODDO at 51.50 euros

52 to 54 euros $$$ RBC targets 54 euros and JP Morgan targeting 52 euros
54 to 56 euros $$$ Barclay target 55 euros
56 to 58 euros
58 to 60 euros $$$ Goldman Sachs target 60 euros


Mean consensus BUY

Number of Analysts 25

$$$$$$$$$$$$$$$$$$$$$$$$

Average target price 51.50 euros approx

Highest target 60 euros

Lowest target 42 euros

$$$$$$$$$$$$$$$$$$$$$$$$$

Support seems to be at 42.91 euros with strong resistence at 42.03 euros



$$$$$$$$$$$$$$$$$$$$$$$$$






HISTORIC SHARE PRICES

December 2019 ends at 49.20 euros

December 2020 ends at 35.30 euros

August 2021 ends at 36.7875 euros

September 2021 ends at 41.335 euros

October 2021 ends at 43.37 euros

November 2021 ends at 40.61 euros

[waldron] 30/11/2021 18:19

[France] TOTALENERGIES SE (TTE)

Real-time Quote. Real-time Euronext Paris - 11/30 04:38:55 pm

40.61 EUR -1.43%

[ariane] 30/11/2021 07:53

TotalEnergies SE : A pullback with significant trading volume

11/30/2021 | 07:38am GMT

Tommy Douziech

short sell

Entry price : 41.2€ | Target : 38.96€ | Stop-loss : 42.2€ | Potential : 5.44%

Sellers are regaining the upper hand for stocks in TotalEnergies SE while trading volume and volatility has picked up.

Investors should open a short trade and target the € 38.96
.
TotalEnergies SE : TotalEnergies SE : A pullback with significant trading volume
Summary

The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.

Overall, and from a short-term perspective, the company presents an interesting fundamental situation.

The company's Refinitiv ESG score, based on a ranking of the company relative to its industry, comes out particularly well.


Strengths

The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.

The company has attractive valuation levels with a low EV/sales ratio compared with its peers.

The company appears to be poorly valued given its net asset value.

Given the positive cash flows generated by its business, the company's valuation level is an asset.

The company is one of the best yield companies with high dividend expectations.

Over the last twelve months, the sales forecast has been frequently revised upwards.

Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.
For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

For the past twelve months, EPS forecast has been revised upwards.

Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.


Weaknesses

The company's currently anticipated earnings per share (EPS) growth for the next few years is a notable weakness.

The overall consensus opinion of analysts has deteriorated sharply over the past four months.

The company's earnings releases usually do not meet expectations.

[waldron] 29/11/2021 12:51

TotalEnergies [TTEF] shares up 2.68% on solar plant news

an hour ago

Angelique Ruzicka


Capital.com

TotalEnergies has built a huge new solar plant in France – Photo: Shutterstock
For traders News Stocks TotalEnergies [TTEF] shares up 2.68% on solar plant news

TotalEnergies [TTEF] has launched the largest photovoltaic solar power plant in France to support the development of renewable energies in the country and meet its net zero ambitions.

The solar farm, located in the town of Gien in the Loiret region, has a capacity of 55 megawatts (MW) and comprises 126,000 photovoltaic panels spread over 75 hectares.

The company’s share price rose by 2.68% to €41.62 ($46.96) on the back of the announcement made today.

Renewable commitments

“TotalEnergies once again confirms its commitment to the development of renewable energies in partnership with the regions. I would like to thank all of the project stakeholders who helped develop our largest solar farm in France,” said Thierry Muller, CEO of TotalEnergies Renewables France.

“This commissioning contributes to France’s energy transition and is a further step towards our goal of reaching four gigawatts (GW) of renewable generation capacity by 2025. It reinforces our commitment to be a major player in renewable energy in France,” Muller continued.

The company said project also includes:

Participative financing – the plant was built with participative financing of €2,200,200, coming largely from 212 Loiret residents.

A biodiversity protection plan – TotalEnergies has implemented measures to preserve biodiversity, including the installation of bag shelters and the construction of a pond to promote amphibian breeding.

More solar projects

The new plant is not the only solar project that TotalEnergies is set to work on. Earlier this month, the French operator was awarded 51MW of solar projects in the 10th round of the CRE 4 (French Energy Regulatory Commisison) tender.



The company said the eight projects will be commissioned by the end of 2023 and operated by TotalEnergies’ teams following its expansion of its workforce.

In total, the company has won 707MW of solar projects in the last 10 bidding periods, making it the second biggest solar energy developer in France.

Name change to highlight renewable focus

TotalEnergies’ ambition is to reach net zero by 2050, and it is building a portfolio of activities in renewables and electricity to achieve this goal.

The French group was formally known as Total and is one of the ‘Big Oil’ companies. It changed its name to TotalEnergies earlier this year to create a new visual identity and highlight its change in strategy to becoming a broad energy supplier.

The name change comes following increasing pressure on oil companies in recent years to shift their focus away from fossil fuels.