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Total SA (TOT.N)

TOT.N on New York Stock Exchange

53.91USD
21 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Total declares 2017 first interim dividend of 0.62 euros per share
Thursday, 21 Sep 2017 02:50am EDT 

Sept 21 (Reuters) - TOTAL SA ::DECLARES 2017 FIRST INTERIM DIVIDEND OF EUR 0.62 PER SHARE.2017 FIRST INTERIM DIVIDEND IS UNCHANGED VERSUS 2016 FINAL DIVIDEND, UP 1.6 PERCENT VERSUS 2016 FIRST INTERIM DIVIDEND.  Full Article

Ecoslops applies to French authorities for authorization to operate Marseilles project
Wednesday, 20 Sep 2017 11:36am EDT 

Sept 20 (Reuters) - ECOSLOPS SA ::MARSEILLES PROJECT: ECOSLOPS APPLIES TO THE FRENCH COMPETENT AUTHORITY FOR AN AUTHORIZATION TO OPERATE.FORMAL APPLICATION TO FRENCH COMPETENT AUTHORITIES FOR AUTHORIZATION TO OPERATE OIL RESIDUE WASTE-PROCESSING UNIT AT LA MÈDE.‍TO OPERATE OIL RESIDUE WASTE-PROCESSING UNIT AT LA MÈDE, NEAR MARSEILLES IN PARTNERSHIP WITH TOTAL​.‍THIS UNIT SHOULD BE OPERATIONAL BY END OF 2018.​.  Full Article

Oil major Total to buy French energy company Greenflex
Tuesday, 19 Sep 2017 03:10am EDT 

Sept 19 (Reuters) - Total Sa :Total is to acquire Greenflex, a french company specialized in energy efficiency.Total says Greenflex forecasting revenues of more than €350 million in 2017 and employs 230 people.  Full Article

Total reports power outage due to Harvey at Port Arthur, Tx. refinery
Wednesday, 30 Aug 2017 05:23pm EDT 

Aug 30 (Reuters) - Total SA ::Total reports an outage at the Entergy Gulf States Plant at Hwy 366 and Hwy 82 in Port Arthur, Texas triggered a sudden loss of power at the Total Port Arthur refinery.Total Port Arthur, Texas refinery reports the loss of power was precipitated by tropical storm Harvey; the refinery is currently without power.Total Port Arthur, Texas refinery reports Entergy reported to Total that they are working to restore power to the refinery.Total Port Arthur, Texas refinery reports emissions from east flare, north flare, plantwide, Sulfur Recovery Unit (SRU) No. 1 & 3 tailgas thermal oxidizer, SRU No. 4 incinerator, SRU no. 5 incinerator, south flare.  Full Article

Total says Maersk Oil $3 bln decommissioning liabilities taken into account
Monday, 21 Aug 2017 08:47am EDT 

Aug 21 (Reuters) - Total :CEO Patrick Pouyanne says the company took account of about $3 billion decommissioning liabilities linked to Maersk Oil deal valuation..Total <<>> is buying Maersk's oil and gas business in a $7.45 billion deal which the French energy major said would strengthen its operations in the North Sea and boost earnings and cash flow. nL8N1L70XF."We took all rights and obligations of the portfolio. In terms of cash flow, it is limited in impact on the first years and postponed beyond 2035-2040, so the decommissioning liabilities are fully taken into account and there are no surprises," Pouyanne told analysts in a call. .  Full Article

Maersk CEO says has not decided whether to take board seat at Total
Monday, 21 Aug 2017 04:32am EDT 

Aug 21 (Reuters) - A.P. MOLLER - MAERSK A/S CEO SOREN SKOU ON INVESTOR CALL FOLLOWING ANNOUNCEMENT THAT FRENCH OIL MAJOR TOTAL IS BUYING MAERSK OIL IN A $7.45 BILLION DEAL :SAYS HAS BEEN OFFERED BOARD SEAT AT TOTAL, "WE ARE STILL TO CONSIDER AND DECIDE WHAT TO DO WITH THAT".  Full Article

Maersk has agreed to sell Maersk Oil to Total S.A.
Monday, 21 Aug 2017 02:58am EDT 

Aug 21 (Reuters) - DANISH SHIPPING COMPANY MAERSK MAERSKB.CO SAYS:HAS ENTERED INTO AN AGREEMENT TO SELL MAERSK OIL TO TOTAL S.A. FOR USD 7.45BN IN A COMBINED SHARE AND DEBT TRANSACTION.WILL RECEIVE AN ENTERPRISE VALUE PER 30 JUNE 2017 OF USD 7.45BN PAID BY 97.5M SHARES IN TOTAL S.A. WITH A VALUE OF USD 4.95BN EQUAL TO APPROX. 3.76 PCT OF TOTAL S.A.IN ADDITION TO SHARES TOTAL S.A. IS ASSUMING A SHORT TERM DEBT OF USD 2.5BN VIA DEBT PUSH DOWN FROM APMM INTO MAERSK OIL.TOTAL S.A. WILL TAKE OVER ALL DECOMMISSIONING OBLIGATIONS CURRENTLY AMOUNTING TO USD 2.9BN.PLANS TO RETURN A MATERIAL PORTION OF VALUE OF RECEIVED TOTAL S.A. SHARES TO APMM SHAREHOLDERS DURING COURSE OF 2018/19 IN FORM OF EXTRAORDINARY DIVIDEND, SHARE BUYBACK AND/OR DISTRIBUTION OF TOTAL S.A. SHARES.CLOSING IS EXPECTED TO TAKE PLACE DURING Q1 2018.  Full Article

Total CFO says making good progress on final investment decisions
Thursday, 27 Jul 2017 11:14am EDT 

July 27 (Reuters) - Total :Total's Chief Finance Officer (CFO) Patrick de la Chevardiere told analysts in a call following the company's second quarter results that it was making good progress on its final investments decisions (FID) on several projects.De la Chevardiere said Total was evaluating commercial bids for Brazil's Libra project, FID expected by the end of the year. It said in February that it planned to make FIDs on about 10 projects by August 2018. nL5N1FU1JC.De la Chevardiere said need to see higher oil price before eliminating discount on scrip dividend scheme..The CFO said first oil from Angola's Kaombo project expected around March-April 2018, while Australia Ichthys LNG project was making steady progress..He said very little capital was employed in the Qatar Al Shaheen deal and the investment would be recovered quickly..He said in short term, Total "does not see any reason which could explain higher oil prices.".Asked about the geopolitical impact of dispute between Saudi Arabia and Iran, he said both countries were pragmatic and the Saudis knew, and gave Total the go-ahead, before it signed a major gas deal with Iran..Source text for Eikon: [ID:].  Full Article

Suncor Energy in commercial dispute with Total SA over Fort Hills project
Thursday, 27 Jul 2017 10:24am EDT 

July 27 (Reuters) - Suncor Energy :Says in early stages of commercial dispute with Fort Hills project partner Total SA <<>> over project funding..Suncor does not anticipate dispute with Total will disrupt plan for Fort Hills to start producing oil by end-2017.Suncor says some spending on Fort Hills earmarked for next year will take place this year, 2018 capital budget will shrink accordingly.Suncor says 2018 capital budget will be below C$5 billion, 2019 capital spend will be around C$5 billion.Chief executive says Syncrude oil sand project's performance is "not acceptable".  Full Article

Total and Worldline partner and get stake in African Fintech InTouch
Monday, 24 Jul 2017 11:57am EDT 

July 24 (Reuters) - TOTAL SA :TOTAL AND WORLDLINE SIGNED BINDING TECHNOLOGICAL, COMMERCIAL AND FINANCING AGREEMENTS WITH AFRICAN FINTECH INTOUCH ON JULY 13, 2017‍​.TOTAL AND WORLDLINE WILL SUPPORT THE DEPLOYMENT OF THE GUICHET UNIQUE SOLUTION IN EIGHT AFRICAN COUNTRIES‍​.TOTAL AND WORLDLINE WILL FUND THE FIRST PHASE OF DEPLOYMENT OF THE GUICHET UNIQUE SOLUTION IN THE 8 COUNTRIES‍​.TOTAL AND WORLDLINE TO BECOME SHAREHOLDERS IN INTOUCH, ALONGSIDE ITS FOUNDER, OMAR CISSÉ.‍​.  Full Article

UPDATE 1-Australia watchdog takes aim at LNG exporters

* Watchdog says exporters should not be selling spot LNG (Adds ACCC chairman, petroleum association comments)