Search results for: Total

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  • 14 November 2014
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    Vallourec, has been awarded a contract to supply premium tubes and connections for the ultra-deep offshore Kaombo project in Angola, operated by TOTAL E&P Angola. As part of this contract, Vallourec will supply 27,000 tons of OCTG (Oil Country Tubular Goods) for wells drilled within 1,400 to 2,000 meters water depth and reaching up to […]

  • 29 October 2015

    French energy giant Total posted a drop of 17 percent in its third-quarter LNG sales to 2.47 million tonnes.

  • 30 July 2014
    Business & Finance

    French oil company Total today reported its adjusted net income for the second quarter of 2014 fell 12% compared to the corresponding period of 2013. The company recorded income of ∼$3.2 billion versus ∼$3.6 billion a year ago. Commenting on the results, Chairman and CEO Christophe de Margerie said: “Growing geopolitical tensions marked the second quarter […]

  • 8 February 2018

    French energy giant and LNG player Total reported a rise of 28 percent to $10.6 billion in its adjusted net income during the last year, boosted by higher oil and gas prices and an increase in production. For the fourth quarter, Total’s adjusted net income stood at $2.9 billion rising 19 percent on year-on-year, the company […]

  • 9 December 2014
    Project & Tenders

    Singapore’s Temasek has agreed to acquire Total’s remaining interest in GTT.

  • 27 April 2017

    French oil major Total posted a hefty increase in its adjusted net income for the first quarter of 2017, when compared to the first quarter of 2016. Presenting its results on Thursday, Total said its 1Q adjusted net income was $2.6 billion, a 56 percent increase compared to $1.6 billion a year ago. Hydrocarbon production […]

  • 3 October 2014

    Total, French oil and gas giant, has launched an infographics showing its Moho Nord development in Congo. The company describes the project as the “the biggest oil project to date in the Republic of the Congo”.     To remind, Total in March last year announced the final investment decision and EPC contract awards for the Moho […]

  • 15 February 2016
    Business & Finance, Equipment

    Nexans has been selected to be the unique supplier of cabling to Samsung Heavy Industries’, turnkey contractor for Total’s Egina floating, production, storage and offloading (FPSO) unit that will be located offshore Nigeria.  According to Nexans, the contract awarded by Total to Samsung Heavy Industries, worth 2.8 billion euros ($3.1B), is the largest FPSO contract […]

  • 13 February 2012
    Business & Finance

    Total has awarded Kvaerner an EPSC-contract (Engineering, Procurement, Supply and Construction) of close to NOK 1.2 billion (USD 209 million) for delivery of a steel jacket to be located at the Hild Field offshore the Norwegian North Sea. “We are very pleased to have won our second jacket this year in tough international competition. This is […]

  • 9 April 2015

    Total’s Chief Executive Patrick Pouyanne will visit the $27 billion Yamal LNG project in which the French company has a 20% stake.

  • 23 September 2013
    Business & Finance

    Christophe de Margerie, Chairman and CEO of Total, is presenting to the financial community the company’s outlook and objectives for the coming years as well as the social and environmental strategy of the Group. The event is webcast and the presentation is available on the website The key messages include: • Major project start […]

  • 9 February 2017

    French gas and oil giant Total reported on Thursday a rise of 16% in its adjusted net income in the fourth quarter. Total reported an adjusted net profit of $2.4 billion, as compared to $2.1 billion in the same quarter a year before. “After falling from 100 $/b in 2014 to 52 $/b on average […]

  • 9 April 2015

    Total’s Chief Executive Patrick Pouyanne will visit the $27 billion Yamal LNG project in which the French company has a 20% stake.

  • 26 October 2018

    French energy giant and LNG player Total saw its third-quarter adjusted net profit soar on the back of increasing oil prices and higher production. “Total’s third quarter adjusted net income increased by 48 percent from last year to $4 billion, while oil prices increased 44 percent to $75 per barrel supported by supply tensions and […]

  • 30 October 2019
    Business & Finance

    French oil major Total recorded a decrease in its 3Q 2019 profit affected by lower oil and gas prices despite an increase in production. 

  • 25 July 2019
    Business & Finance

    Total has said it plans to sell about $5 billion worth of assets, mostly from its Exploration & Production business.

  • 11 February 2016

    French gas and oil giant Total reported on Thursday a decrease of 26% and 18% in its fourth quarter and full-year 2015 adjusted net income. “Hydrocarbon prices fell sharply in 2015 with Brent decreasing by around 50%. In this context, Total generated adjusted net results of $10.5 billion, a decrease of 18% compared to 2014, […]

  • 8 February 2016

    French gas and oil giant Total 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), Total said in a statement posted on its website on Monday. Britain’s Laggan-Tormore […]

  • 25 November 2015

    French oil and gas company Total is raising approximately $1.2 billion of new debt financing. The company said the new debt financing would be raised through a structure combining the issue of non-dilutive cash-settled convertible bonds with the purchase of cash-settled call options to hedge Total’s exposure to the exercise of the conversion rights under […]

  • 26 July 2018

    French energy giant and LNG player Total saw its second-quarter adjusted net profit soar on the back of increasing oil prices. 

  • 19 September 2017

    French oil major Total which recently announced the acquisition of Maersk Oil for $7.45 billion, is also investing in energy efficiency and renewables businesses. The company on Tuesday announced a partnership with EREN Renewable Energy to expand its renewable business. On the same day, Total said it had acquired GreenFlex, a French company specialized in […]

  • 30 July 2020
    Business & Finance, Business developments & projects

    Total reported a 96 per cent drop in adjusted profit for the second quarter of 2020 due to lower prices and COVID-19 effects.