Grandpuits

Europe

Total holds the dividend, cuts debt

30/10/2020

By Ed Reed

Total has reported adjusted net income of $848 million, with an organic cash breakeven below $25 per barrel.

More refineries are likely to close down in 2021-23 as capacity expands more quickly than demand, despite a healthy gasoline outlook, BofA has said.

Oil & Gas

More refinery closures coming, BofA predicts

19/10/2020

By Ed Reed

Global refinery expansion is coming just as product demand struggles, Bank of America Securities (BofA) analysts have warned.

Total has launched two tenders, for onshore drilling and the provision of barges at Ikike.

Europe

Total to replace refinery with clean-fuel, plastic plants

25/09/2020

By Mark Lammey

Total SE will halt oil refining in the Paris region and spend more than 500 million euros ($582 million) by 2024 replacing its facility with renewable-fuel and bioplastic plants.