Total S.A.
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Total S.A. is one of the leading oil companies in the world. With operations in more than 100 countries, the Group's activities span all aspects of the energy industry from Upstream - oil and gas exploration and production - to Downstream - refining and marketing of refined products as well as international trading in both crude and refined products. TotalFinaElf is also a major player in the Chemicals markets, through its branch Atofina.
In the Upstream, by the end of 1999, Total's hydrocarbon reserves rose to 10.5 billion barrels of oil equivalent, representing nearly 14 years of production at the current rate of 2.1 million barrels per day. The Group has delivered rapid growth in terms of both production and new reserves additions, and with Total's participation in major projects with low technical costs - particularly on some very promising deep-offshore permits - the stage is set for further steady growth. The Group's asset portfolio is well balanced between the OECD zone and emerging countries. The three main production zones are the North Sea, Africa and the Middle East, with remaining output shared between the Americas and Southeast Asia. In the Downstream segment, Total has refining capacity of about 2.6 million barrels per day from a network of efficient, well-located refineries. Considerable progress has already been made in bringing break-even points down to very low levels; Total expects that future synergies linked to the two successive mergers will enable it to continue to improve competitiveness. |
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Recent Articles
Friday, May 17, 2013 Total Chief Executive confirms a production growth target of 3 percent a year between 2011 and 2015.
Statoil, Total Agree to Barents Sea Asset Swap
Monday, May 13, 2013 Statoil agrees to swap 10-percent stake in production license 395 for 10 percent in Total's PL 535 asset.
Total Boosts Security Spend after Algeria Attack
Wednesday, May 01, 2013 Total increases its spending on security in the Middle East following January's deadly attack on Algeria's In Amenas gas plant.
Total Plans North Sea Push
Friday, April 26, 2013 Total says it is working to overcome a 2% decline in its oil and gas production in the first quarter, in part by expanding investment in the North Sea, part of a broader resurgence of development in the area.
Thursday, April 25, 2013 Total reports that its Ivoire-1X exploration well, offshore Ivory Coast, West Africa, has found 92 feet of net oil pay.
Total Confirms Output Targets, Sees Further Growth After 2017
Wednesday, April 24, 2013 Total still expects its oil and gas output to grow 3% on average on an annual basis between 2011 and 2015, and then sees accelerated growth after 2017 as new projects come on stream.
Monday, April 22, 2013 An Adnoc official says that Royal Dutch Shell has 'good standing' in its bid to operate the Bab sour-gas field in Abu Dhabi.
Total Extends Rig Gig for Pacific Scirocco
Tuesday, April 09, 2013 Pacific Drilling announces that a subsidiary of Total has elected to exercise a one-year option to extend the firm contract term for the Pacific Scirocco drillship.
Technip Wins Major Moho Nord Contract
Monday, April 08, 2013 Technip was awarded by Total E&P Congo a major lump-sum contract for the EPSCI and pre-commissioning for the Moho Nord development project.
Total Gets NPD Nod for North Sea Appraisal
Thursday, April 04, 2013 The Norwegian Petroleum Directorate grants Total E&P Norge AS a drilling permit for well 7225/3-2.
Indonesia Protested to China Over Passports Last Year
Friday, March 29, 2013 Indonesia's foreign minister has said that it protested to China about a controversial map printed in Chinese passports last year which claimed almost all of the South China Sea, the Financial Times reports.
Wednesday, March 27, 2013 Turkey's energy minister says the country will no longer work with ENI because of the Italian firm's involvement in exploring for oil and gas offshore Cyprus.
Tuesday, March 26, 2013 If you're a drilling supervisor or superintendent with deepwater experience, Total wants to talk to you.
Iran Sanctions May Force BP To Shut UK Gas Field Earlier Than Planned
Tuesday, March 26, 2013 BP may decide to shut down the Bruce natural gas field in the U.K. North Sea earlier than planned unless a way is found to restart production at the adjoining Rhum field, which is shutdown because of sanctions against Iran.
Aker Awarded Moho Nord Contract Offshore Congo
Monday, March 25, 2013 Aker Solutions reports that Total has awarded it an $850 million contract to deliver a subsea production system for the Moho Nord project offshore Congo.
Total Powers up New Supercomputer
Friday, March 22, 2013 France's Total inaugurates its new Pangea supercomputer, making it one of the top 10 companies worldwide in terms of computing power.
Friday, March 22, 2013 Total will invest $10 billion in the Moho Nord development project to bring additional reserves online at the Moho-Bolindo field offshore Congo.
Total Sells 25% of Tempa Rossa Field to Mitsui
Monday, March 18, 2013 French major Total is selling 25 percent of its interest in the Tempa Rossa field in southern Italy to Mitsui.
Monday, March 11, 2013 Total has restarted production on its Elgin/Franklin fields in the North Sea, nearly a year after a major gas leak forced a shutdown of the fields.
Friday, March 08, 2013 Iraqi parliament passes budget for 2013 that allocates to Kurdistan just a fraction of the oil revenue requested by the semi-autonomous region.
