Total Global

Results of the Public Tender Offer of Total on Direct Energie

Paris, October 22, 2018 – Total and CNOOC1 have signed an amendment to their existing sale and purchase agreement (SPA) for liquefied natural gas (LNG) supply to further strengthen their cooperation in the LNG business. The partners have increased the contract volume from 1 million tons per annum (Mtpa) to 1.5 Mtpa of LNG, sourced from Total’s global LNG portfolio, and have extended the term of contract to 20 years.

Electric Vehicle Charging Solutions : Total Acquires G2mobility and Forms Partnership with Nexans

Paris, September 20, 2018 — Total has finalized the acquisition of G2mobility, a French leading provider of electric vehicle charging solutions. With this deal, Total is accelerating the growth of its electric vehicle charging businesses, from designing smart charging stations to optimizing energy usage management and selling integrated services.  Source link

Results of the Public Tender Offer of Total on Direct Energie

Paris, September 20, 2018 – Following completion on July 6, 2018 of the acquisition of a 73.04% stake in the share capital of Direct Energie at €42 per share, Total welcomes the results of the public tender offer published by the Autorité des marchés financiers (AMF) yesterday, showing that Total S.A. has acquired, at the same price, 9,354,390 shares under the centralized procedure managed by Euronext Paris and 1,011,888 shares

Canada: Total sells its interest in the Joslyn oil sands project to CNRL

  Paris – Total, together with its partners, has agreed to sell the Joslyn oil sands project in Alberta, Canada, to Canadian Natural Resources Limited (CNRL) for an overall consideration of 225 million Canadian dollars. Following the oil price fall in 2014, the Joslyn project partners decided to put its further development on hold. Therefore, activities have since been limited to fulfilling regulatory requirements and ensuring the safety of the

Total sells its polystyrene business in China to INEOS Styrolution

  Paris – Total has accepted an offer from INEOS Styrolution, the leading global styrenics supplier, to acquire its polystyrene business in China. It includes in particular two facilities with a production capacity of 200,000 tons per year each, located in Ningbo, Zhejiang Province, and in Foshan, Guangdong Province. In a highly competitive polystyrene market, Total considered it did not have the required critical mass in China, unlike its positions

Total Sells Equity in India’s Hazira Terminal and Signs LNG Sales Agreement with Shell

  Paris – 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. The transaction remains subject to the approval of regulatory authorities. In parallel, Total has signed an agreement to sell 0.5 million tons of liquefied natural gas (LNG) per year to Shell over 5 years, on a delivery basis to supply