|Bid||53.5900 x 0|
|Ask||58.5000 x 0|
|Day's range||55.1400 - 55.2100|
|52-week range||34.8000 - 55.4500|
|Beta (5Y monthly)||1.14|
|PE ratio (TTM)||-0.00|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Total (Paris:FP) (LSE:TTA) (NYSE:TOT), operator of Block 17 in Angola, together with the Angolan National Oil, Gas and Biofuels Agency, announce the start of production from Zinia Phase 2 short-cycle project, connected to existing Pazflor’s FPSO (Floating Production, Storage and Offloading unit). It involved more than 3 million manhours of work, of which 2 million were performed in Angola, without any incident.
A meeting took place on 3rd of May between Patrick Pouyanné, Chairman and CEO of Total (Paris:FP) (LSE:TTA) (NYSE:TOT), and a Delegation of Papua New Guinea (PNG) led by the Deputy Prime Minister Samuel Basil, with the objective to review together the next steps for the development of the Papua LNG project. After a year of delay because of Covid-19, the Government of PNG and Total as Operator are pleased to announce the remobilization of the project teams and of other required resources. This positive development follows the signature and the reconfirmation of the Papua LNG Gas Agreement in 2019, the signature of the Fiscal Stability Agreement and the award of the License extension in February 2021.
The Hanwha Total Petrochemical (HTC) joint venture1 is commissioning a new polypropylene line at the Daesan integrated refining and petrochemical complex in South Korea, adding a further 60% to its production capacity, which now totals 1.1 million tons a year. At the same time, the start‑up of a fourth propane furnace will increase ethylene production capacity by 10% to 1.5 million tons a year.