Categotry Archives: France

Total’s new strategy?

Via Phil in the comments under this post, I see that Total has bought a battery company for just under a billion Euros: ‘The combination of Saft and Total will enable Saft to become the Group’s spearhead in electricity storage’, said Patrick Pouyanné, Chairman and CEO of Total. ‘The acquisition of Saft is part of Total’s ambition to accelerate its development in the fields of renewable energy and electricity, initiated in 2011 with the acquisition of SunPower. Saft’s renowned technological […]

Total surrender?

On Tuesday France’s Total presented a new organisation which purports to achieve its ambition of “becoming the responsible energy major”.  I must confess, if I thought Total’s strategy was rather unclear before, it is doubly so now. Total spent 2015 meeting the short-term goals set in response to the ongoing imbalances resulting from the fall in oil prices that began in June 2014. Yet even as it addresses these immediate challenges, the Group must also prepare for the medium and longer […]

Patrick’s posers

Last week Total’s CEO Patrick Pouyanne wrote an article in LinkedIn which is worth taking a look at: Investments by the major oil companies are being scaled back in response to falling prices, which means they will no longer be able to offset the natural decline of currently producing fields. This is a rather frank admission coming from the CEO of one of the major oil companies which has done just that.  But alas he doesn’t tell us why, if […]

Roundup

First up, Upstream Online brings us news of Alberta’s new climate change policy: Becoming a leader in climate change reform has been the Alberta government’s dream since the New Democratic Party took office in May 2015. Now that dream could be reality with a proposed new policy aimed at reducing carbon emissions and holding everyone — including the general public — accountable. Okay, that’s the facts out of the way. There were a lot of shiny happy people at the Alberta Legislature on […]

Les Produits des Grandes Écoles

First this story: Two Air France managers have had their shirts torn as they were forced to flee a meeting on job cuts by angry workers. Human resources manager Xavier Broseta and senior official Pierre Plissonnier had to clamber over a fence, while several others were injured. The men were taking part in talks about plans for 2,900 job losses when hundreds of workers stormed into Air France headquarters at Roissy. This scene couldn’t be more French if it had […]