Key Developments: Total SA (TOT)
51.13USD
24 May 2013
$0.30 (+0.59%)
$50.83
$51.07
$51.17
$50.80
1,058,822
1,620,523
$55.35
$41.75
Latest Key Developments (Source: Significant Developments)
Total SA And Qatar Petroleum International Ltd Seal Strategic Partnership In Congo
Total SA and Qatar Petroleum International Ltd announced the signing of a framework of Agreement whereby QPI will participate in Total E&P Congo through subscription to a 15% share capital increase of this company. This participation reinforces Qatar's commitment to invest in Africa and illustrates Congo's willingness to welcome Qatar as a new partner. Full Article
Total SA Announces Being Awarded 10 New Exploration Licenses in Brazil
Total SA announced that it has been awarded 10 new exploration licenses during Brazil's 11th bid round. The Company will be the operator with 40% interest in five blocks situated in the Foz do Amazonas basin and with 45% interest in one block in the Ceara basin. In addition, it has acquired a 25% working interest in three blocks in the Espirito Santo basin as well as a 50% interest in one block in Barreirinhas basin. The Company will be in partnership with Petrobras, BP, Statoil, OGX and Queiroz Galvao. Full Article
Royal Dutch Shell PLC Sells Retail And Commercial Activities In Egypt To Total SA-DJ
Dow Jones reported that Royal Dutch Shell PLC is to sell its retail and commercial activities in Egypt, Shell Marketing Egypt, to Total SA. Financial terms of the transaction are not disclosed. The lubricants division is not part of Shell Marketing Egypt's sale. Full Article
Statoil ASA Agrees on Asset Swap with Total SA-DJ
Dow Jones reported that Statoil ASA has reached agreement with Total SA on an asset swap in the Barents Sea. Under the agreement, Statoil acquires 10% equity in production license PL535 in exchange for 10% equity in production license PL395, both on the Bjarmeland Platform situated in the central Barents Sea. Full Article
Total SA Issues FY 2013 Production Guidance-Conference Call
Total SA announced that for fiscal 2013, it expects production growth of 2% to 5%. Full Article
Total SA Announces Q1 2013 Interim Dividend
Total SA announced that its board of directors has approved a first quarter 2013 interim dividend of EUR 0.59 per share, unchanged versus the previous quarter, according to the following timetable: ex-dividend date on September 24, 2013; record date on September 26, 2013; and payment date on September 27, 2013. American Depositary Receipts (ADRs) will receive the first quarter 2013 interim dividend in dollars based on the then-prevailing exchange rate according to the following timetable: ex-dividend date on September 19, 2013; record date on September 23, 2013; and payment date on October 15, 2013. Full Article
Veolia Environnement SA Inaugurates in Partnership with Total SA Plant in France
Veolia Environnement SA announced that it has inaugurated in partnership with Total SA the Osilub plant at the Gonfreville l’Orcher site in Normandy (France). After construction lasting 20 months, the plant is expected to increase the motor oil treatment capacity in France and more generally in northwestern Europe, to regenerate used oil into high-grade lubricants. Full Article
Snam SpA in Consortium with The Government of Singapore Investment Corporation Pte Ltd and Electricite de France SA Sign Definitive Agreement with Total SA for Acquisition of TIGF
Snam SpA announced that the Consortium constituted by Snam (45%), The Government of Singapore Investment Corporation Pte Ltd (GIC) (35%), and Electricite de France SA (EDF) (20%, through its dedicated assets for the dismantling of nuclear plants), has entered into a definitive agreement with the Total SA group for the acquisition of its gas transport and storage business in the South-West of France – TIGF (Transport et Infrastructures Gaz France). TIGF represents a strategic platform for the interconnection of the European gas markets, thus contributing to their further liquidity and guaranteeing security of supplies to France and Europe. Based in Pau and locally managed, TIGF employs approximately 500 persons and operates a 5,000 km-long gas pipeline network and two important gas storage sites in Lussagnet and Izaute. On February 5, 2013, the Consortium and Total had entered into exclusive negotiations in respect of this potential acquisition. Closing of the transaction remains subject to approvals by relevant regulatory and antitrust authorities. Full Article
Total SA Sells 49% Interest In Voyageur Upgrader Project To Partner Suncor Energy Inc
Total SA announced that following the decision not to proceed with the Voyageur Upgrader project located in Northern Alberta, Total announces that it has reached an agreement to sell entire 49% interest in the Voyageur Upgrader Limited Partnership to Suncor Energy Inc, which owns the remaining 51%. The transfer of interest for cash is effective immediately. Full Article
Total SA Announces Quarterly Ex-Dividend Dates For Dividend
Total SA announced that the final dividend, the ex-dividend dates of the quarterly interim dividends and the final dividend for 2014 will be: September 23, 2014, December 15, 2014, March 23, 2015, June 8, 2015. The above ex-dividend dates relate to Total shares traded on the Euronext Paris. As a reminder, the ex-dividend dates of the quarterly interim dividends and the final dividend for 2013 relative to Total shares traded on the Euronext Paris will be: September 24, 2013, December 16, 2013, March 24, 2014, June 2, 2014. Full Article
UPDATE 1-Brazil's tarnished oil industry polishes image with rights sale
* BG Group, OGX, Total, BP among winners at Brazil auction
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