OGJ Newsletter

10/01/2012
GENERAL INTEREST — Quick Takes Total to sell $15-20 billion in assets Total SA outlined plans to sell $15-20 billion worth of assets by yearend 2014, and the sales could include upstream assets, refineries, and pipelines, executives said. Total Chairman and CEO Christophe de Margerie outlined Total's plans to investors during a presentation in London on Sept. 24. Total will use income from the sales to reinvest in projects it already owns and to finance exploration, he said. Most of the divestiture will come from the exploration and production division, de Margerie said, although he declined to name specific assets. Total's plan to sell assets to help grow its profitability follows simi...
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