Post Tagged with: "Total"

Source: Reuters

Total considers stopping fuel oil sales for power: CEO

Reuters


ABERDEEN, Scotland – France’s Total (TOTF.PA) is considering stopping sales of fuel oil to power markets as the energy giant seeks to reduce its carbon footprint and grow its renewable power business, its chief executive told Reuters.…

Total beats quarterly forecasts despite low oil price, raises payout

Total beats quarterly forecasts despite low oil price, raises payout

Reuters


ABERDEEN, Scotland – Total (TOTF.PA) beat forecasts on Thursday by keeping net adjusted fourth-quarter profit steady at $3.2 billion despite low oil prices and fulfilled a pledge to boost dividends, lifting the French energy firm’s shares.

The …

Source: Reuters

Apache shares jump 26% on major discovery in Suriname with Total

Reuters


Apache Corp and Total SA said on Tuesday they had made a major oil discovery in the hotly-tipped Maka-Central 1 well off the coast of Suriname, sending Apache’s shares surging nearly 26%.

The well, dubbed “among the most anticipated …

Source: Houston Chronicle

Apache, Total announce first oil discovery offshore of Suriname

Houston Chronicle


Apache Corp. and the French energy major Total said Tuesday they’ve made a significant oil discovery offshore of the small South American nation of Suriname.

The announcement comes after Apache first offered vague results in early December that …

January 7, 2020 - 11:00 am Energy News, Exploration and Production (E&P), Offshore
Source: Houston Chronicle

Big Oil shows new commitments to offshore African projects

Houston Chronicle


A bevy of Big Oil majors are making new commitments to developing oil and gas projects in West Africa, specifically in Senegal, Mauritania and Angola.

The British energy major BP said its three-well exploration campaign offshore of Senegal …

Source: Reuters/Christopher Pike

Oil is our gold and we aim to use all of it, ADNOC official says

Reuters:


Abu Dhabi National Oil Co aims to exhaust its vast oil and gas reserves even as many consumers switch to cleaner sources of energy, a senior executive in the Gulf oil company said.

The world’s transition away from fossil …

FILE PHOTO: The logo of Total oil company is pictured in Abuja, Nigeria October 18, 2017. REUTERS/Afolabi Sotunde/File Photo

Total says to avoid fuel shortage as strike escalates at Feyzin refinery

Reuters


French energy major Total said on Friday it was taking measures to avoid fuel and other products shortages after striking workers blocked distribution from its 110,000 barrels-per-day Feyzin refinery.

CGT union workers at the refinery near the city of …

REUTERS/Arnd Wiegmann

Big Oil, investors face returns reckoning amid darkening economy

Source: Reuters


LONDON (Reuters) – Darkening clouds over the global economy have led two of the world’s top oil firms to warn investors that promised growth in returns could be at risk for the first time since the 2014 oil …

Source: Reuters/Charles Platiau

Green groups ask French court to order Total to disclose environmental steps in Uganda

Source: Reuters


PARIS (Reuters) – Six French and Ugandan campaign groups have asked a French court to order energy major Total (TOTF.PA) to disclose how it is addressing the human and environmental impact of a Ugandan oil field, …

Source: Qatar Petroleum

Qatar Petroleum Partners with Total in Africa, South America

By Tyler Losier, Energy Reporter, Oil & Gas 360

Qatar Petroleum signs agreement to farm Total-held exploration acreage in Namibia, Guyana and Kenya
Qatar Petroleum (QP), Qatar’s state-owned energy company, has signed an agreement with French supermajor Total SA (stock

Source: Cameron LNG

Cameron LNG Commences Commercial Operations

By Tyler Losier, Energy Reporter, Oil & Gas 360

Train 1 of Sempra's Cameron LNG project commences commercial operations
Sempra LNG, a subsidiary of San Diego-based Sempra Energy (stock ticker: SRE), has begun commercial operations under tolling agreements at Train

Source: Oryx Midstream Services

Oryx Midstream Lands $550 Million from Qatar Investment Authority

By Tyler Losier, Energy Reporter, Oil & Gas 360

Qatar Investment Authority acquires significant stake in Oryx Midstream Services from an affiliate of Stonepeak Infrastructure Partners
Qatar Investment Authority (QIA), the country’s sovereign wealth fund, will be acquiring a significant

Saudi Aramco Valuation Gap Persists as IPO Talks Resume – Sources

Saudi Aramco Valuation Gap Persists as IPO Talks Resume – Sources

From Reuters


Saudi Crown Prince Mohammed Bin Salman is insisting on a $2 trillion valuation of oil firm Aramco, even though some bankers and company insiders say the kingdom should trim its target to around $1.5 trillion, industry and banking …

BP to Enter India’s Fuel Retail Market with Reliance Tie-Up

BP to Enter India’s Fuel Retail Market with Reliance Tie-Up

From Reuters


Global oil major BP is deepening its ties with Indian conglomerate Reliance Industries by forging a fuel retailing joint venture to capitalize on rising demand in Asia’s third-biggest economy.

The move comes days after BP said it would …

BP Profit Again Outstrips Forecasts, Lifted by Higher Oil Output

BP Profit Again Outstrips Forecasts, Lifted by Higher Oil Output

From Reuters


A strong rise in oil and gas production helped BP (BP.L) offset weaker crude prices and refining profit to again beat profit expectations on Tuesday, boosting its shares.

BP’s second quarter contrasts with Total (TOTF.PA) and …

Qatar Petroleum Buys Stake in Total’s Guyana Assets

Qatar Petroleum Buys Stake in Total’s Guyana Assets

From Reuters


Qatar Petroleum said on Monday it had agreed a deal with Total (TOTF.PA) to acquire a stake in the French energy giant’s two oil and gas blocks offshore Guyana.

Qatar Petroleum said it will hold 40% …

How Big is Saudi Aramco?

How Big is Saudi Aramco?

By Tyler Losier, Energy Reporter, Oil & Gas 360


The staggering size of Aramco: Saudi Arabia’s state-owned oil company

In 1933, the government of Saudi Arabia signed a concession agreement with the Standard Oil Company of California, creating an entity …

Source: SBM Offshore

Petrobras Gets New Offshore Partner

FPSO Mero 2 expected to produce 180,000 BOPD
SBM Offshore N.V., a holding company headquartered in Amsterdam, signed a letter of intent this week with Petróleo Brasileiro S.A. (Petrobras) for a 22.5-year lease to operate its floating production storage and

Total declares force majeure on jet fuel at Germany’s Leuna refinery

Total declares force majeure on jet fuel at Germany’s Leuna refinery

From Reuters


PARIS (Reuters) – France’s Total on Tuesday declared force majeure on the production of jet fuel at its Leuna refinery in Germany following the supply of contaminated crude from Russia.

“We have declared Force Majeure on the jet …

How Total’s CEO Pounced on Anadarko’s African Energy Assets

How Total’s CEO Pounced on Anadarko’s African Energy Assets

From Reuters

It took Total’s chief executive and a small group of advisers just days to line up the French energy major’s biggest acquisition in almost two decades when it agreed to buy the African assets of U.S. firm Anadarko.…

Total Wants to Drill for Oil in the World’s Fastest Ocean Current

Total Wants to Drill for Oil in the World’s Fastest Ocean Current

From Bloomberg

Total SA’s discovery of South Africa’s first oil in deep water could prove to be a bonanza for a country lacking crude reserves of its own and prompt a rush from other majors. That’s if they’re able …

March 26, 2019 - 4:16 pm Closing Bell Story‎, Energy News, International, Offshore
Source: Novatek

Total Buys 10 Percent Stake in Arctic LNG 2 Project from Novatek

From Reuters

Total has agreed to buy a 10 percent stake in the Arctic LNG 2 project from Russia’s Novatek, as the French energy group looks to build up its presence in the area to service a fast-growing Asian market.…

March 5, 2019 - 4:01 pm Closing Bell Story‎, Energy News, LNG, Natural Gas News
Up to 1 Billion BOE Discovery

Up to 1 Billion BOE Discovery

New find could contain three times more resources than all South Africa’s previous gas finds to date: Wood Mac

By Richard Rostad, analyst, Oil & Gas 360

Total announced a major gas condensate discovery today in an unexpected location: South …

Total Starts Production at Nigeria’s Deepwater Egina Oilfield

Total Starts Production at Nigeria’s Deepwater Egina Oilfield

From Reuters

Total SA said on Wednesday it had started production from the Egina oilfield off Nigeria’s coast, part of a shift by the French energy firm toward deepwater oil and gas projects to its drive cashflow.

Output from Egina, …

January 2, 2019 - 12:32 pm Closing Bell Story‎, Crude Oil News, Energy News
Pacific Bora drilling rig arrives at Oyo-9 field in
deepwater offshore Nigeria

Total in Talks to Sell North Sea Oil, Gas Assets to Private Firms

From Reuters

French energy giant (TOTF.PA) is in advanced talks with Albion Energy and First Alpha Energy Capital, two privately owned firms, on the sale of some of its British North Sea assets, according to two industry sources.…

December 21, 2018 - 12:29 pm Closing Bell Story‎, Crude Oil News, Energy News
Oil & Gas 360 - France’s Total and Sempra Energy Sign North America LNG Deal

France’s Total and Sempra Energy Sign North America LNG Deal

From Reuters

French energy group Total and Sempra Energy have signed a memorandum of understanding on the north American liquefied natural gas (LNG) market, which could see Total acquire a further stake in the sector.

The deal could see Total …

November 5, 2018 - 1:10 pm Closing Bell Story‎, LNG, Natural Gas News
Oil Giant Total Sees $100 Oil Coming

Oil Giant Total Sees $100 Oil Coming

But high oil prices may not be good for economy, oil companies: CEO

From Bloomberg

Total SA is among a growing chorus that sees $100 oil on the horizon. But the French energy giant isn’t thrilled about it.

Chief Executive …

September 28, 2018 - 2:09 pm Closing Bell Story‎, Commodity Pricing, Energy News
Total Sees Cash Flow Output Boost From Deep Water Projects

Total Sees Cash Flow Output Boost From Deep Water Projects

From Reuters

Oil and gas major Total, said on Tuesday it expected deepwater oil and gas operations to make a strong contribution to its output and cash flow thanks to major developments in the West Africa’s Gulf of Guinea region, …

Total and Aramco will Build a $9 Billion Petrochem Complex Next Door to SATORP Refinery

Total and Aramco will Build a $9 Billion Petrochem Complex Next Door to SATORP Refinery

Saudi Aramco and Total (ticker: TOT) have signed a memorandum of understanding to build a giant petrochemical complex in Jubail, Saudi Arabia.

Located next to the SATORP refinery in the same industrial area, the complex will comprise a mixed-feed steam …

Abu Dhabi National Oil Company (ADNOC) and Total Get Together for Offshore Gas Development

Abu Dhabi National Oil Company (ADNOC) and Total Get Together for Offshore Gas Development

Companies sign 40-year concession agreements to develop Umm Shaif’s giant gas cap, Nasr and Lower Zakum; Total paid ADNOC $1.4 Billion in participation fees

 

Total has signed two new 40-year concession agreements with the Supreme Petroleum Council of the