Total Rejects Force Majeure Notice From Chinese LNG Buyer
French oil major Total has rejected a force majeure notice from a buyer of liquefied natural gas (LNG) in China, a Total executive said during the company's full-year results presentation on Thursday."Some Chinese customers, at least one, are trying to use the coronavirus to say I have force majeure," said Philippe Sauquet…
Total Criticizes EIB's Decision Not to Finance Gas
Total criticized on Thursday the European Investment Bank's decision to stop financing all fossil fuel projects including gas, saying companies that might switch to gas-fired power plants from heavy-polluting coal could now reconsider."I think it is a poor decision by the European Investment Bank (EIB) not to finance any new gas project.
Total Takes Over Toshiba's U.S. LNG Biz
French energy giant Total takes over the liquefied natural gas business of Japanese outfit Toshiba's Freeport LNG train tolling agreement and gains $800 million.The French oil and gas company will is paying $15 million for the shares in the Texan assets, the firms said. Toshiba will also pay Total $815 million to take over all the contracts linked to the business…
Sempra Energy Signs New Mexican LNG Terminal
Sempra Energy, the US group that aims to build a liquefied natural gas (LNG) export facility near Ensenada, Mexico, to serve customers in Asia moved closer to becoming reality as the natural gas utilities holding company announced agreements with three international firms.The San Diego-based company announced in a press…
Total and CNOOC Strengthen LNG Partnership
French energy group Total and China's CNOOC have strengthened their existing partnership in the liquefied natural gas (LNG) sector to increase their output, the companies said on Monday.Total and CNOOC said they had agreed to increase the contract volume from 1 million tons per annum (Mtpa) to 1.5 Mtpa of LNG, sourced from Total's global LNG portfolio, and added they had extended the term of contr
Total to Exit Hazira LNG, Sell 26% Stake to Shell
French energy giant Total SA will exit the Indian liquefied natural gas (LNG) venture by selling 26% stake to its partner Royal Dutch Shell, the two companies announced."Total has signed a binding Letter of Intent (LOI) with Shell for the sale of its 26% minority equity stake in Hazira LNG regasification terminal in India.
Total Ups Renewables Stake With Two Deals
Total buying 23.5 pct stake in EREN RE. Oil major Total has stepped up its expansion into renewables with investments in solar and wind energy producer EREN RE and energy efficiency firm GreenFlex. Bruised by pressure on oil prices over the last two years, Europe's biggest oil companies have been intensifying their push into renewable energy to seek new sources of future revenue.
Total Buys Stake in US Gas Projects Group Tellurian
French oil and gas major Total said on Tuesday it will buy a 23 percent stake in Tellurian Investments, a private U.S. gas projects operator, for $207 million as it pursues its drive to secure more downstream gas market share. Total, which is paying $5.85 a share for the stake, and Tellurian will jointly develop an integrated gas project…
Total to operate Ivory Coast LNG Project
The CI-GNL (Ivory Coast LNG) consortium led by Total has been awarded the rights to build and operate a liquefied natural gas (LNG) re-gasification terminal in Ivory Coast with a capacity of 3 million tons per year. The decision announced by the Government of the Ivory Coast on October 4th was followed by the signature of the shareholders’ agreement in Abidjan between Total…
Total Energy Ventures Invests in Smart Grids with AutoGrid
Total Energy Ventures (TEV), the venture capital arm of Total that invests in start-ups, has acquired an interest in AutoGrid, a company that develops digital solutions to manage and optimize energy supplied to and from the power grids. Founded in 2011, California-based AutoGrid has developed an internet platform that provides…
Total's Marketing Head to Quit, Eyes Solar Power
Total said on Friday executive committee member and new energies head Philippe Boisseau, who led the oil major into solar power, would quit next month and confirmed a newspaper report it aims to produce solar energy within two decades. Boisseau, also head of marketing and services, will be replaced from April 15 by Momar Nguer…
Total Sees More Refiners Closing in Europe Beyond 2015
More oil refineries need to close in Europe to shrink ovecapacity despite good refining margins seen over the past year, the president of French oil major Total's refining and chemical unit said on Wednesday. Philippe Sauquet told the Oil & Money conference in London that Europe's refining capacity has shrunk by 1.5 million barrels per day in 2015…
Total Sells ts Coal Mining Assets to Exxaro
Total has signed an agreement with Exxaro Resources Ltd for the sale of its 100% stake in Total Coal South Africa (TCSA), its coal-producing affiliate in South Africa. The consideration for the transaction is $472 million, with completion of the sale subject to approval by the relevant South African authorities. “This sale…
Total Signed 10-year LNG Deal With Pavilion Energy
French oil major Total signed a 10-year deal with Singapore's Pavilion Energy for the supply of 0.7 million tonnes per year of liquefied natural gas (LNG) to Asia, including Singapore, from 2018, the group said on Wednesday. The deal was signed on May 31 with Pavilion Gas, a subsidiary of Pavilion Energy, Total said in a statement.
