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Total SA (TTAT.L)

TTAT.L on London Stock Exchange

21 Feb 2017
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€0.97 (+2.02%)
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Latest Key Developments (Source: Significant Developments)

U.S. diesel margins sink as French unions end strikes at 2 Total refineries
Friday, 10 Jun 2016 09:57am EDT 

U.S. distillate margins <1HOc1-CLc1> fell about 4 percent in morning trading on the New York Mercantile Exchange after union officials said French CGT union workers suspend strike at two of Total's refineries: The U.S. distillate crack spread, a key metric in refining margins, fell about 4 percent from $14.70 a barrel to $14.09 in morning trading . While French CGT union workers have suspended their strike at the Donges and Feyzin refineries, the strike at the company's Gonfreville refinery in Normandy will continue until Wednesday, two union officials told Reuters on Friday. [nL8N19236F] . Distillate margins have jumped in recent weeks as demand soared, both overseas and domestically. Refinery strikes in France as well as decreased U.S. production as refiners focus on gasoline for the summer driving season has also helped prop up prices. [nL2N18K1MW] . Oil prices fell nearly 2 percent on Friday as investors braced for another likely rise in the U.S. oil rig count this week and as a strong dollar again weighed. [O/R] (Reporting by Devika Krishna Kumar) ((devika.kumar@thomsonreuters.com; +1 646 223 6059; Reuters Messaging: devika.kumar.thomsonreuters.com@reuters.net)) Keywords: (BRIEF).  Full Article

Reliance Industries signs deals for sale of interest in gulf Africa Petroleum Corp
Tuesday, 31 May 2016 03:16am EDT 

Reliance Industries Ltd : Reliance signs agreements for the sale of its interest in gulf Africa petroleum corporation to total . Unit Reliance exploration & production dmcc, total executed deals for sale of 76% interest held by repdmcc in gulf Africa petroleum . Net proceeds for the sale will be finalized on completion of the transaction which is expected to be within the coming months . Repdmcc and minority shareholder have agreed to sell their entire respective holdings in gapco for cash .  Full Article

Total SA says buys Gulf Africa Petroleum Corp's assets in Kenya, Uganda and Tanzania
Tuesday, 31 May 2016 02:25am EDT 

Total SA : Acquisition of gulf africa petroleum corporation's (gapco) assets in kenya, uganda and tanzania .Principal assets being acquired are two logistical terminals in mombasa and dar es salaam, retail network of around 100 service stations.  Full Article

France's CGT union votes for unlimited strike at Total's Donges refinery
Friday, 27 May 2016 10:03am EDT 

Total S.A. :Union members voted on Friday to continue the strike at the 220,000 barrels-per-day refinery until government drops planned labour reform, a CGT union official said..  Full Article

Total CEO says has no plan to sell Hutchinson unit
Tuesday, 24 May 2016 05:51am EDT 

Total SA Chief Executive Patrick Pouyanne: Says Total has no plan as of today to sell its Hutchinson specialty chemicals unit Further company coverage: [TOTF.PA] (Reporting by Paris Newsroom) ((paris.newsroom@thomsonreuters.com; +33 1 49 49 54 52;)).  Full Article

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

More From Around the Web

Iran berates Total for delaying gas field development deal

DUBAI, Feb 15 Iran's oil minister has criticised French oil company Total for its decision to delay signing a contract to develop a gas field in southern Iran, saying that the reasons given by Total's chief executive were "unacceptable" to Tehran.