Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

TOTAL (FP)

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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

03/30/2012 | 09:46am 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
06:32a TOTAL : 300 staff take part in Total's annual sports challenge
07/31 SUNPOWER : and ConEdison Solutions team on New York solar leasing program
07/31 SunPower buys 1.5 GW U.S. solar power plant pipeline
07/31 SUNPOWER : CHOTECH Launch Their New 12W Portable Solar Charger for Cell Phones o..
07/31 SunPower buys 1.5 GW U.S. solar power plant pipeline
07/31 SUNPOWER : and ConEdison Solutions team on New York solar leasing program
07/30 TOTAL : Annual show at allotments
07/30 Infigen sells its 1.5GW of US solar sites to Sunpower
07/30 SunPower reports Q2, 2015 results including decreased revenue, gross margin
07/30 SUNPOWER : launches X-Series solar PV panels for Japans rooftop market
Advertisement
Chart
Duration : Period :
Total Technical Analysis Chart | FP | FR0000120271 | 4-Traders
Income Statement Evolution
More Financials