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Tag: Total

  • Total announces 67 pesewas per share dividend for shareholders

    Total Petroleum PLC has announced the payment of a final dividend of 67 pesewas per share to shareholders for the financial year ended December 31, 2021.

    According to a circular from the Ghana Stock Exchange, all shareholders registered in the books of the firm at the close of business on Friday July 1, 2022 will qualify for the final dividend.

    In view of the foregoing, the ex-dividend date has been set as Wednesday, June 29, 2022.

    Consequently, an investor purchasing Total shares before this date will be entitled to the final dividend.

    However, an investor buying Total shares on or after Wednesday, June 29, 2022 will not be entitled to the final dividend.

    The final dividend will be paid from Friday, July 15, 2022.

    Source: MyJoyOnline

  • Total sued by NGOs over Uganda oil project

    Six NGOs said Wednesday that they had filed a lawsuit against the French energy giant Total over an oil field project in Uganda, accusing it of failing to avert “disastrous impacts” for local residents and biodiversity.

    The groups hope the court in Nanterre, outside Paris, will force Total to conform with a 2017 law requiring it to elaborate a “vigilance plan” to prevent “serious infringements” of health and human rights as well as environmental damage.

    The French law was passed in the wake of the Rana Plaza disaster in Bangladesh in 2013, when more than a thousand people were killed in the collapse of poorly maintained building housing garment companies working for Western brands.

    Total plans to drill 419 wells near Lake Albert in western Uganda for the Tilenga project, which could produce some 200,000 barrels of crude a day.

    Read:Total Ghana adjudged Petroleum Company of the Year CIMG

    Many of the wells will be in the Murchison Falls national park, and already many communities have been displaced from their lands

    “The disastrous impacts of this project are already being felt by thousands of people whose lands and homes have been confiscated,” said Thomas Bart of the French NGO Survie (“Survival”).

    “Many communities survive on rearing animals, growing food, and these areas are where we have most of our national parks… the activities of Total have been really in conflict and in violation of most of those activities,” added Dickens Kamugisha, head of the Africa Institute for Energy Governance based in Kampala.

    “We believe that the justice system in France is much more strong and independent” than Ugandan courts, he said.

    Impact studies

    Read:Total Ghana launches Quartz 9000 Future 0W-20 lubricant

    In total, four French NGOs and two based in Uganda filed the suit.

    The Tilenga project was launched after the 2006 discovery of a field that could hold over 1.5 billion barrels of crude, a boon for Uganda, which hopes to export oil via a pipeline to Tanzania.

    Asked for comment on the lawsuit, a Total spokesman referred to a company statement from September saying the Tilenga impact studies “were carried out with respect to national and international standards.”

    It acknowledged that 622 people had been displaced in a first phase, but said all received either land or money as compensation.

    “Total is fully aware of the potential impacts on local communities. Ongoing transparent dialogue ensures that any concerns expressed are handled appropriately,” it said.

    Source: www.theeastafrican.co.ke

  • Total Ghana launches Quartz 9000 Future 0W-20 lubricant

    Multinational integrated oil and gas company Total, has added a new name to its catalogue of high quality lubricants.

    The new Total Quartz Future 0W20 was launched in Ghana at an event held yesterday, October 11, 2019 at the Liberation Service Station in Accra.

    Speaking at the launch, Mr Eric Fanchini, Managing Director of Total Ghana said, the innovative models of Total is a major priority in their product conception and delivery which aims at offering value to its esteemed customers.

    Total Ghana adjudged Petroleum Company of the Year CIMG

    This he said, has over the years led to Total delivering unto the market top notch products such as the Quartz Ineo, Quartz 9000, Quartz 7000 and Quartz 4×4 amongst other lubricants.

    According to him, “the new Total Quartz 9000 Future 0W20 is specifically designed to ensure motorist comfort by reducing maintenance cost, reduce fuel consumption and protecting the environment through improved air quality.”

    He noted that the Quartz 90000W20 has passed through rigorous tests and has received the approvals of major international bodies such as the International Lubricant Standardisation and Approval Committee (ILSAC) and the American Petroleum Institute (API).

    The Total Quartz 9000 Future 0W20 lubricant is a robust, fully synthetic superior performing engine oil specifically tailored for optimal operation of the latest generation petrol engine. T is well- suited for the latest downsized engines and hybrid engines that require very fluid synthetic engine oil.

    Total cost of financial sector cleanup could hit GH¢18bn by end of year

    The New Quartz 9000 future 0W20 delivers; reduced maintenance cost by providing excellent engine protection and cleanliness, it promises cost saving through a 3% reduction in fuel consumption and extended oil change interval. It also improves air quality by protecting emission control systems due to its low phosphorous content, which reduces the emission of harmful substances like Carbon monoxide (CO), Nitrogen Oxide (NOx) and Hydrocarbons (HC) into the atmosphere.

    The product is available in 5-litre and 1 litre packs at all Total service stations and distributor outlets across the country.