Member access

4-Traders Homepage  >  Shares  >  Euronext Paris  >  Total    FP   FR0000120271

TOTAL (FP)

4132
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Two More N Sea Forties Cargoes Dropped After Elgin Leak -Trade

03/30/2012 | 10:46am US/Eastern
   By Konstantin Rozhnov 
   Of  
 

Two more cargoes of North Sea Forties crude have been dropped from the April loading program and one delayed by several days as Total SA's (TOT) Elgin and Franklin fields remain shut due to a gas leak, North Sea traders said Friday.

Cargoes F0415 and F0418 have been dropped and cargo F0411 deferred by several days, traders said. In the original loading program for April all three cargoes were marked as held by Royal Dutch Shell PLC (RDSA).

Earlier this week, Total also dropped a Forties cargo, traders have said.

The company's Elgin and Franklin fields were producing about 60,000 barrels a day of Forties crude, the main component of global benchmark Brent, before the leak started Sunday.

As a result of the leak, Shell decided to bring forward maintenance on its nearby Shearwater field.

Despite the shutdowns, the grade's prices have been weak due to lackluster buying interest. The latest cargo to be sold in the price-setting late afternoon trade was a week ago.

-By Konstantin Rozhnov, Dow Jones Newswires; +44 207 842 9956; konstantin.rozhnov@dowjones.com

React to this article
Latest news on TOTAL
03/26 SUNPOWER : NV Energy Breaks Ground on New Solar Project at Nellis Air Force Base
03/26 SUNPOWER : Large MV solar array project nearing completion
03/26DJShell to Cut 250 North Sea Jobs
03/25 ENI : Shell completes sale of OML 29, Nembe Creek pipeline in Nigeria
03/25 SUNPOWER : 15-megawatt solar project starts at Nellis Air Force Base
03/25 EnerNOC and SunPower Enhance Energy Intelligence of Commercial and Industrial..
03/24 SCIENCE APPLICATIONS : Federal Contracts Awarded to Companies in New Jersey (Mar..
03/24 TOTAL : MILITARY $85,275 Federal Contract Awarded to Hutchinson Industries
03/24 TOTAL : Seeks USD15bn Chinese Financing, Media Says
03/23 Etrion releases fourth quarter 2014 results
Advertisement
Chart
Duration : Period :
Total Technical Analysis Chart | FP | FR0000120271 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF