Total to join Arctic 2 LNG
Upstreamonline.com (Web), Main, Unattributed, 25/05/2018
French major Total will take on a 10pc stake in Arctic LNG 2, a 'giant' liquefied natural gas project led by Russian player Novatek in a remote region of Siberia.“Total is delighted to be part of this new world class LNG project alongside its partner Novatek, leveraging the positive experience acquired in the successful Yamal LNG project," chief executive Patrick Pouyanne said at a signing event attended by French President Emmanuel Macron and Russian Federation President Vladimir Putin.
French energy major Total announces record first-quarter output driven by Yamal LNG
LNG Unlimited, Main, p. 2, Unattributed, 01/05/2018
French energy major Total posted record first-quarter production, driven by the ramp-up of LNG output at the Yamal liquefaction plant in Siberia as net income increased. "Oil prices continued to rebound in the first quarter 2018," stated Chairman and Chief Executive Patrick Pouyanne.
New chief appointed to oversee Total North Sea interests
The Press and Journal (North East), Main, p. 32, Allister Thomas, 01/05/2018
French energy giant Total has appointed a new managing director for its UK North Sea operations. Jean-Luc Guiziou starts in the Aberdeen-based role tomorrow, when he will also become managing director of Maersk Oil to oversee the final phase of Total's acquisition of that firm. Total announced its takeover of Maersk Oil in March in a £5.8 billion deal, cementing its position as one of the North Sea's largest operators.
Total boss calls it a day
Press and Journal, Main, p. 35, Mark Lammey, 19/04/2018
French energy giant Total said yesterday its UK North Sea boss, Elisabeth Proust, was to retire after three years at the helm. Morten Kelstrup, managing director of Maersk Oil UK, which was recently acquired by Total, is also moving on. A new managing director of Total Exploration and Production (E&P) UK will be named by the end of the month.
Energie boost for total with GBP1.2bn oil deal
Evening Standard, Main, p. 47, Unattributed, 18/04/2018
French oil giant Total has made a £1.2 billion swoop for rival Direct Energie as it ramps up its efforts to expand into the gas and electricity market. The tie-up also makes the company less susceptible to volatility in the oil price as electric cars grow in popularity. The deal will add Energie's 2.6 million clients to Total's 1.5 million customers, making it the second-largest power supplier in France after EDF.
Aramco, Total Plan $5 Billion Saudi Arabia Petrochemical Complex!
Saudi Aramco and French oil major Total SA plan to build a $5 billion petrochemical complex near their refinery in Jubail to tap growing demand in the Middle East and Asia.
Total said in a joint statement that the project will also feed other petrochemical and specialty chemicals plants, to be built by other companies.
“Saudi Arabia is a growing market” and “it’s also a place from where you can reach other markets in the Middle East and Asia,” Total Chief Executive Officer Patrick Pouyanne said. “Some French companies have plans to join us,” he said, citing water group Suez and tire-maker Michelin.
The project, to be built by the companies’ Satorp venture, is likely to create 8,000 jobs. It is part of Aramco’s plan to diversify from its core business of producing crude oil to expanding into value-added products as it plans the world’s biggest initial public offering. Aramco and Total will also benefit from some of the cheapest feedstock for the chemical plant.
Total Energy Ventures gets its foot in the door in China!
“Change is happening so quickly that if you are not paranoid, if you are not constantly looking over your shoulder, you could be in danger.” Girish Nadkarni, CEO of Total Energy Ventures (TEV), doesn’t mince words when he talks about what’s at stake in his job.
On March 27, TEV finalized one of its biggest investments ever in a fund. It did so in China, a country for which only superlatives will do and which is already a global leader in innovation.
By investing around 50 million USD, Total has made it possible to launch the Cathay Smart Energy Fund, alongside the provincial government of Chinese province Hubei (through Hubei High Tech Fund) and Cathay Capital. As one of the biggest energy investment funds in China, it will focus its on areas related to renewable energies, the energy internet, energy storage, distributed energy, smart energy and low-carbon businesses.
Through this investment, Total will be able to establish itself in the Chinese ecosystem, gain visibility and familiarize itself with a market known for its spectacular leaps and bounds.
