Last quote by Patrick Pouyanne
Patrick Pouyanne quotes
It will only be possible if non-OPEC countries including Russia also agree to cut (output), because Saudi Arabia will not shoulder the burden alone.
This project fits with the group's strategy of expanding its presence in the Middle East, where the origins of the group lie, and growing its gas portfolio by adding low unit cost, long plateau gas assets.
Naturally we have engaged discussions with Iran on this topic. So, let see if we can conclude a satisfactory deal for all the parties.
We developed some phases of South Pars in the past. We were on the verge of sanctioning a project in 2010 just before the sanctions.
Discussions are going on and we'll see if we can sign in the coming days.
...Developing a phase of South Pars (gas field) is more in the range of $2 billion dollars than $6 billion.
There were some very aggressive tenders with very low prices. Frankly, when you see prices under 30 cents per kilowatt hour, I don't understand. It does not cover the amortization of any investment.
The solar industry is facing a new winter.
Total continues to benefit from its integrated business model and is responding effectively to short-term challenges due to good operational performance and strong cost discipline.
I know that the shale oil industry is very innovative and they have cut costs and adapt but we won't be able, if we continue this way, to fill the gap.
By 2020 we will have a lack of supplies. Volatility has been huge. The stress on everybody, the balance sheets of companies and countries is huge.
Volatility has been huge. The stress on everybody, the balance sheets of companies and countries is huge.
I think they are serious…They weren't obliged to make this statement in Algiers….They have done it voluntarily and they have seen a positive impact from the market.
Because of this huge volatility, we have seen a big decrease in investments.
This is a strong commitment on our part. We do not intend to go beyond this range even if there was a sudden upsurge in oil prices.
We are very confident that we will reach this $4 billion. Most of it will come from upstream.
The idea is to leverage on economies of scale across the group.
Next year we will do it in Italy with ERG.
The energy world is evolving . . . There are new areas over the next 20 years beyond oil and gas that we think can be profitable.
The combination of Saft and Total will enable Saft to become the group's spearhead in electricity storage.
We consider that after having spent a lot of money in exploration in the last three years without the results we expected, it was preferable that exploration teams be put under a certain pressure, that they get forced to make choices.
Higher prices will come back.