TOTAL SELLS ASSETS
TOTAL S.A. a French multinational integrated oil and gas company and one of the six major oil companies in the world. Its businesses cover the entire oil and gas chain, from crude oil and natural gas exploration and production to power generation, transportation, refining, petroleum product marketing, and international crude oil and product trading. Total is also a large-scale chemicals manufacturer. The company has its head office in the Tour Total in La Défense district in Courbevoie, west of Paris.
At the end of August, there was to know that the French oil company Total announced the sale of North Sea Midstream Partners, specialized British company infrastructure, its interests in two gas pipelines and a gas terminal in the UK for 585 million pounds.
The first asset given up is FUKA, a 362 kilometers pipeline 32 inches in diameter and built in 1977 to join the well Frigg (on the border of British waters with the Norwegian) to Saint Fergus terminal in Scotland.
It will also sell the terminal Saint Fergus, a gas processing plant with a capacity of 2,648 million cubic feet per day from twenty exploration fields.
And finally also will sell the gas transportation system Sirge, 234 kilometers long and 30 inches in diameter with a capacity of 665 million cubic feet per day.
Read more:
http://www.total.com/en/investors/investors
TOTAL TO ALL GAS
TOTAL SA saw the drop in oil prices lead to reductions in investment of 10% to 15% in the major oil companies and 30% to 40% in the smaller companies.
The company announced that excess capacity will continue in 2015.
Company Exploration & Production business tackles all the major technological challenges, from the deep offshore to liquefied natural gas, unconventional gas and oil sands. Our recognized expertise in these sectors demonstrates our ability to innovate.
Total S.A. is a French multinacional integrated oil and gas company and one of the five “Supermajor” oil companies in the world.
Its businesses cover the entire oil and gas chain, from crude oil and natural gas exploration and production to power generation, transportation, refining, petroleum product marketing, and international crude oil and product trading.
Total is also a large-scale chemicals manufacturer.
The company has its head office in the Tour Total in west of Paris.
Read more:
http://www.total.com/en/investors/investors
http://www.cnbc.com/id/102127844
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