Total SA plans to divest $10 billion in assets during 2015-17 in an effort to improve cash flow and enforce stricter financial discipline. The announcement follows the realization of the company’s goal to divest $15-20 billion in assets during 2012-14, including the recent sale of 10% interest in Azerbaijan’s Shah Deniz field and the South Caucasus pipeline to Turkish Petroleum Corp. for $1.5 billion ( OGJ Online, May 30, 2014 ). Last week, Total received an offer from French specialty chemical company Arkema to acquire global adhesives affiliate Bostik for $2.25 billion. Organic investment within the company is expected to decrease to $26 billion this year from $28 billion in 2013. By 2017, it hopes to reduce investment to $25 billion. Total is targeting $15 billion in free cash flow for 2017, which it believes will be aided by the launch of 15 major projects expected to boost production […]