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Total SA (TOTF.PA)

TOTF.PA on Paris Stock Exchange

43.08EUR
22 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Total CFO says confident will meet production goals
Tuesday, 24 May 2016 04:57am EDT 

Total SA : Finance head says confident will meet production goals . Has said it plans to grow output by 4 percent in 2016 and by 5 percent per year in the period between 2014-2019 Further company coverage: [TOTF.PA] (Reporting by Paris Newsroom) ((paris.newsroom@thomsonreuters.com; +33 1 49 49 54 52;)).  Full Article

CGT union official says all eight French refineries now on strike
Tuesday, 24 May 2016 01:52am EDT 

:French CGT union official says all eight French refineries now on strike.  Full Article

Chesapeake, Total settle royalty lawsuits with Texas landowners
Monday, 23 May 2016 02:48pm EDT 

Chesapeake Energy and Total SA settled hundreds of lawsuits with landowners in Texas' Barnett Shale play who accused the companies of cheating them out of millions of dollars in royalties, local media reported on Monday. : Oklahoma City-based Chesapeake and French major Total will pay $52.5 million to settle 400 lawsuits covering 13,000 clients . Landowners had accused the companies of failing to pay royalties they had agreed to in contracts, including by deducting higher-than-necessary post-production costs from royalty checks . Chesapeake says "we are pleased to have reached a mutually acceptable resolution... and look forward to further strengthening our relationships with our royalty owners." . Settlement is contingent on law firms receiving written approval from 90 percent of clients by mid-July Sources: Fort Worth Star-Telegram (http://bit.ly/1RkPwCn), Dallas Morning News (http://bit.ly/1OJoIvO) (Reporting By Luc Cohen) ((luc.cohen@thomsonreuters.com; +1-646-223-8699; Reuters Messaging: luc.cohen.thomsonreuters@reuters.net)).  Full Article

Interoil qtrly diluted loss per share $0.34
Friday, 13 May 2016 06:36am EDT 

Interoil Corp : Qtrly diluted loss per share $0.34 . Reduced its expected 2016 expenditure guidance to a range of $155 million to $170 million . Says during a visit to Papua New Guinea in mid-april, total indicated that Papua LNG project remained a top priority for company . Says construction planned to start in 2018, creating with it about 10,000 jobs . Says "advancing development of elk-antelope fields" . Interoil corp qtrly total revenues $921,000 versus $11.7 million in q4 . Says "interoil is poised to benefit from development of papua lng project" . Q1 earnings per share view $-0.31 -- Thomson Reuters I/B/E/S .Interoil announces q1 2016 results.  Full Article

Total to acquire Saft Groupe, valuing equity at 950 million euros
Monday, 9 May 2016 02:51am EDT 

Total SA : Proposed acquisition of Saft Group by Total . Proposed offer will target all of Saft's issued and outstanding shares at a price of 36.5 euro per share . Offer price represents a 38.3 percent premium above Saft's claosing share price of 26.4 euro on May 6 . Value Saft equity at 950 million euros . The supervisory board of Saft has unanimously approved the friendly takeover by Total and considers the proposed transaction to be in line with the interests of the company .Supervisory board has also announced its intention to recommend that its shareholders tender their shares.  Full Article

Total SA - Stung by large U.S. fines, France to tighten anti-corruption laws - Reuters News
Tuesday, 29 Mar 2016 04:48am EDT 

Total SA:France is tightening its anti-corruption laws to clean up its image after several French companies were slapped with huge fines abroad, with planned reforms including greater protection for whistleblowers and a new anti-corruption agency. - RTRS.Two years ago, France's biggest bank, BNP Paribas, was fined $9 billion by U.S. authorities over violations of sanctions against Sudan, Cuba and Iran.French engineering company Alstom ALSO.PA and oil groups Total and Technip were also forced to pay millions of dollars to the U.S. authorities over bribery allegations.French Finance Minister Michel Sapin will unveil the new bill to the cabinet on Wednesday, before sending it to parliament for discussion."We are badly ranked internationally, we're under suspicion," Sapin told France Inter radio on Tuesday."So we must wash away this suspicion and for that we need strong measures," he said. The bill will also include the creation of a government-wide registry of lobbyists and a ban on "large" gifts to government officials, officials at the finance ministry said.France was ranked 23rd in Transparency International's latest corruption perception index, below Germany, Britain and the United States, and was criticised by the Organisation for Economic Co-operation and Development (OECD) in 2014.  Full Article

Total SA fined by French court in Iraq oil-for-food case - Reuters
Thursday, 25 Feb 2016 11:33pm EST 

Total SA:A Paris court fined Total 750,000 euros ($825,000) on Friday for corrupting foreign officials, overturning an earlier acquittal over the French oil giant's role in the United Nations' Iraqi oil-for-food programme - RTRS.French prosecutors had appealed in 2013 after a lower court cleared the oil group and all other defendants accused of funnelling proceeds from U.N-authorised oil sales to former president Saddam Hussein's government via intermediaries, in defiance of international sanctions.Under the 1996-2003 programme, Iraq was allowed to sell oil in exchange for goods that met basic humanitarian needs, including food and medicines.But an independent inquiry, led by the former U.S. Federal Reserve chairman Paul Volcker, disclosed in 2005 that Baghdad had used the trades to solicit hidden surcharges from oil purchasers.Between 2000 and 2002, Hussein's regime collected $228 million in illicit payments from 2,200 companies in 60 countries, according to the report - part of an estimated $11 billion haul from sanctions-busting and kickbacks over more than a decade until the 2003 U.S.-led invasion of Iraq.  Full Article

Total SA beats Q4 expectations but oil rout to drive deeper cuts - Reuters
Thursday, 11 Feb 2016 06:37am EST 

Total SA:Total TOTF.PA beat quarterly earnings expectations powered by high production and refining margins on Thursday but said it plans fresh spending cuts and asset sales in response to one of the worst market downturns in a decade. - RTRS.Plunging crude prices have forced energy companies to cut costs, jobs and spending and delay projects.Total said it plans savings of $2.4 billion, rising to more than $3 billion in 2017, and capital spending of around $19 billion in 2016, down more than 15 percent from 2015.Hief Executive Officer Patrick Pouyanne told investors in London later on Thursday that the divestment plan will focus on non-core assets such as its pipelines and fertilizer businesses but not specialty chemicals.De La Chevardiere said the cost cutting would involve limiting the number of contractors used by the firm but not direct employees.  Full Article

Total starts-up production at Laggan-Tormore in Shetland
Monday, 8 Feb 2016 02:20am EST 

Total SA:Says it has started-up production from the Laggan and Tormore gas and condensate fields, located in 600 meters of water in the West of Shetland area.The fields will produce 90,000 barrels of oil equivalent per day (boe/d).  Full Article

Total buys Dominican fuel retailer from Putney Capital Management
Wednesday, 27 Jan 2016 09:00am EST 

Total SA:Says has reinforced its Marketing & Services presence in the Caribbean with the acquisition from Putney Capital Management of a majority 70% interest in the leading Dominican fuel retailer.The transaction includes a well established network of 130 stations, along with significant commercial oil products and lubricants sales positions.  Full Article

BRIEF-ExxonMobil to buy Interoil for about $2.5 bln

* ExxonMobil to acquire Interoil in transaction worth more than $2.5 billion