Total exits Brazil's Foz Do Amazonas Basin
28th Sep 2020 08:48
(Sharecast News) - Total announced on Monday that it has exited the Foz Do Amazonas Basin in Brazil, having agreed to transfer its equity interest in five exploration blocks located 120 kilometers offshore to Petrobras.
Read moreTotal to expand partnership with India's Adani Group
14th Oct 2019 11:14
(Sharecast News) - Total announced an expansion of its partnership with India's largest energy and infrastructure conglomerate the Adani Group on Monday, to contribute to the development of the Indian natural gas market.
Read moreTotal opens 1,000th solar-powered petrol station
27th Aug 2019 10:10
(Sharecast News) - Total inaugurated its 1,000th 'solarised' service station powered by solar panels on Tuesday, with the company describing the rooftop solar systems at the Totale Palmeraie retail outlet in Marrakesh, Morocco, as a "milestone" in its programme to 'solarise' certain of its service stations worldwide, which began in late 2016.
Read moreTotal wins licenses on three Mexican blocks
6th Dec 2016 13:46
(ShareCast News) - Total announced on Tuesday it has been awarded exploration licenses on three blocks in offshore Mexico, following the country's first competitive deep water bid round. The company will be the operator of Block 2 in the Perdido basin with a 50% interest, while ExxonMobil has the re
Read moreTotal reaches $4.8bn deal with Iran to develop gas field
8th Nov 2016 10:36
(ShareCast News) - A group led by French oil giant Total has signed a $4.8bn deal with Iran to develop part of a gas field in the country. The deal follows the lifting of economic sanctions on Iran, which could pave the way for more foreign investment in a largely untapped emerging market. In Ja
Read moreTotal says panic fuel buying hits a quarter of its stations
23rd May 2016 14:55
(ShareCast News) - French oil and gas company Total said more than a quarter of its petrol stations across France have either partially or completely run out of fuel after striking French oil workers sparked a wave of panic buying in some regions. The country's CGT and FO unions have begun a 24-hour
Read moreTotal starts production at new Angola development
21st Jul 2015 10:42
(ShareCast News) - French oil major Total said it had started production from its Dalia Phase 1A development off the coast of Angola. The project, which comprised seven infill wells, will produce additional reserves of 51m barrels and will contribute 30,000 barrels per day to the block's production,
Read moreTotal sells $539m Nigerian oilfield stake
30th Mar 2015 07:44
French oil major Total has sold its stake in an onshore oilfield in Nigeria for $569 million, the company confirmed on Monday. Giving details, a spokesperson said the company had divested its holdings in OML 29 exploration block to Nigerian explorer Aiteo Eastern E&P. The move is part of an ongoing
Read moreTotal seeks $15b from Chinese investors for Russian LNG project
24th Mar 2015 07:35
French oil major Total has approached Chinese investors to part finance a $15bn Russian gas project, as sanctions on Russia continue to make financing from western markets harder. China National Petroleum Corporation (CNPC) already has a 20% stake in the project in question - the Yamal Liquefied Nat
Read moreTotal appoints new CEO and chairman after Margerie crash death
22nd Oct 2014 11:54
Patrick Pouyanne has been elected as the new chief executive of Total following the death of Christophe de Margerie in a plane crash earlier this week. The French oil company also elected Thierry Desmarest as its chairman, according to an announcement from its union, returning to a role he held for
Read moreEuropean broker round-up
6th Mar 2012 07:47
Banca Cívica: Credit Suisse recommends UNDERWEIGHT and raises its price target to €2.00 from €1.90. FCC: Goldman Sachs upgrades to NEUTRAL from sell. BME: AlphaValue upgrades to BUY from add with a price target of €24.30. Banco Sabadell: AlphaValue downgrades to REDUCE from buy and lowers its pr
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