Total today confirmed its commitment to completing the sale of its UK North Sea non-core assets, first announced1 in July 2019. Reflecting recent significant market volatility, Total and Norway-based private equity investor HitecVision have successfully renegotiated the financial terms of the deal to respond to the current environment – while Petrogas is no longer part of the transaction.

Gaussin and Total (Paris:FP) (LSE:TTA) (NYSE:TOT) are jointly developing the world's first full electric ART® (Aircraft Refueller Transporter). This partnership between Gaussin and Total will be drawing on the 40 years of know-how of Saft (a subsidiary of Total) in designing and producing batteries for electric & hybrid commercial and industrial vehicles. This first firm order will enable Gaussin to expand its offering on the electric vehicles market and Total to provide a solution adapted to the refueling business.

In August 2019, Total (Paris:FP) (LSE:TTA) (NYSE:TOT) and Occidental Petroleum entered into a Purchase and Sale Agreement (PSA) in order for Total to acquire Anadarko’s assets in Africa. Under this agreement, Total and Occidental have since completed the sale and purchase of the Mozambique and South Africa assets. The PSA provided that the sale of the Ghana assets was conditional upon the completion of the Algeria assets’ sale.

Total (Paris:FP) (LSE:TTA) (NYSE:TOT) has signed an agreement with PureCycle Technologies to develop a strategic partnership in plastic recycling. As part of the agreement, Total undertakes to purchase part of the output of PureCycle Technologies’ future facility in the United States and to assess the interest of developing a new plant together in Europe. PureCycle Technologies uses an innovative, patented technology to separate color, odor and any other contaminants from plastic waste feedstock to transform it into virgin-like recycled polypropylene.

After TOTAL decides against acquiring Occidental's (OXY) Ghana assets, the latter is set to find a new buyer for the same.

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Total (Paris:FP) (LSE:TTA) (NYSE:TOT) strengthens its positions in generation and supply of electricity and gas in Spain through the acquisition of the Energías de Portugal’s portfolio of 2.5 million B2C customers and two gas-fired combined cycle power plants, which represent an electricity generation capacity of nearly 850 megawatts. This transaction in Spain follows Total’s entry into the country’s solar market in February with the acquisition of a portfolio of almost 2 gigawatts of renewable power projects to be developed. This deal serves Total’s ambition to achieve Carbon Neutrality by 2050 for its worldwide business across its production and energy products used by its customers, and to play a major role in the energy transition in Europe, Spain being among the first countries to have adopted an objective of Carbon Neutrality by 2050.

In accordance with its policy in favour of employee shareholding, the Board of Directors of TOTAL S.A. (Paris:FP) (LSE:TTA) (NYSE:TOT) decided, on September 18, 2019, to carry out a capital increase reserved for eligible employees and former employees of the Group worldwide under the conditions set by the eighteenth resolution at the Shareholders’ Meeting of June 1, 2018. On April 29, 2020, the Chairman and CEO decided to set (i) the subscription period from May 6 to May 18, 2020 (included) and (ii) the subscription price at 26.20 euros per share, corresponding to the average of the closing prices of the TOTAL share on Euronext Paris over the twenty trading sessions preceding the date of this decision, reduced by a 20% discount and rounded off to the highest tenth of a euro. « This year again and in spite of the health and economic crisis, Total’s employees have confirmed their attachment to the Group, first by supporting in a vast majority maintaining the operation of Capital increase reserved for employees, then by subscribing massively to it.

The five major energy companies of the world recently announced responses to the dire situation in oil prices. Here's what that may mean for investors.

Occidental Petroleum Corp. said Monday it informed Total S.A. that it would not be in position to sell its Anadarko assets in Algeria, as part of an understanding with Algerian authorities on the transfer of Anadarko's interests to Occidental. The energy company had completed its acquisition of Anadarko Petroleum Corp. in August 2019. Also in August, Occidental and Total had entered into a an agreement for Total to buy Anadarko's assets in Africa. Separately, Occidental said it was informed by Total that Total was not interested in buying Anadarko's interests in Ghana "in the current circumstances." Occidental said the company's have entered into an agreement in which Occidental can start marketing its Ghana assets to third parties. Occidental's stock shot up 6.5% in premarket trading on Total shares surged 8.2%. Over the past three months through Friday, Occidental's stock has tumbled 66.8%, Total shares have shed 32.1% and the S&P 500 has lost 15.0%.

European shares have opened 1.8% higher, S&P500 is tipped to rise and Chinese shares have seized on signs of house price recovery and promises of more central bank stimulus to post their best gain in six trading days. All six European countries have lifted short-selling bans imposed during the selloff. Clearly, rather than look at reported data and company earnings, people are focusing squarely on what lies ahead beyond the second quarter – betting on resumption of economic activity, a pick-up in manufacturing, trade and driving.

Occidental Petroleum's (NYSE: OXY) deal to sell its assets in Ghana to French oil giant Total (NYSE: TOT) has unraveled. Total called off the planned transaction after it wasn't able to acquire Occidental's assets in Algeria, which was a condition of the deal. Occidental initially planned to flip its entire African portfolio to Total following its acquisition of Anadarko Petroleum for $8.8 billion.

Patrick Pouyanné became the CEO of TOTAL S.A. (EPA:FP) in 2014. This report will, first, examine the CEO compensation...

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Equinor, Shell and Total (Paris:FP) (LSE:TTA) (NYSE:TOT) have decided to invest in the Northern Lights project in Norway's first exploitation licence for CO₂ storage on the Norwegian Continental Shelf. Plans for development and operation have been handed over to the Ministry of Petroleum and Energy.

Ormat Technologies' (ORA) top line declines 3.5% on a year-over-year basis due to lower revenues from product and energy storage & management services segments in the first quarter.

South Africa's Rand Merchant Bank (RMB) confirmed on Thursday that it is part of a consortium of banks providing $15 billion funding for French energy major Total's Mozambique liquefied natural gas (LNG) project. RMB, owned by FirstRand Bank, said the signing of $15 billion in financing was scheduled for June. "It will be a remarkable achievement in the circumstances," Jonathan Ross, head of oil and gas coverage at RMB, said in a statement, adding that other projects have experienced delays.

Total (Paris:FP) (LSE:TTA) (NYSE:TOT) is stepping up its research into Carbon Capture, Utilization and Storage (CCUS) technologies by signing a multi-year partnership with UK start-up Cambridge Quantum Computing (CQC). This partnership aims to develop new quantum algorithms to improve materials for CO2 capture. Total’s ambition is to be a major player in CCUS and the Group currently invests up to 10% of its annual research and development effort in this area.

B&G Foods, Boot Barn, Royal Dutch Shell, TOTAL and BP highlighted as Zacks Bull and Bear of the Day

Saudi Aramco's debt is expected breach target levels as an oil price collapse triggered by the coronavirus forces it to borrow to meet the world's largest dividend pledge and buy a major stake in petrochemicals maker SABIC, analysts said. Compared with western oil companies, Saudi Arabia's national oil company appears in robust financial health.