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NEWS |
Total buys 80% share in UK floating wind offshore project
French oil major Total said Thursday it will purchase a 80% stake in the Erebus project – a floating wind farm located in the Celtic Sea, in Wales.
NEWS |
Total makes ‘encouraging’ North Sea oil and gas discovery
The group has found gas and condensates in the Isabella well, about 40 kilometres south of the Elgin-Franklin Field and 170km east of Aberdeen.
NEWS |
Russia to drive Former Soviet Union’s refining industry capacity growth by 2024, says GlobalData
Russia is expected to lead the refining industry capacity growth in the Former Soviet Union (FSU) from active and upcoming (planned and announced) projects, accounting for 56% of the total capacity gr (...)
NEWS |
Total plans to build France’s largest battery-based energy storage project
French oil and gas firm Total is planning to invest £13m to build what it claims to be the largest battery-based storage system in support of renewable energy development of in France.
NEWS |
UK oil and gas industry M&A deals worth US$1.75 billion in 4Q19
Total oil and gas industry merger and acquisition (M&A) deals in 4Q19 worth US$1.75 billion were announced in the UK, according to GlobalData’s deals database.
NEWS |
Out of service? OFS firms brace for bankruptcies as price war could slash $250 billion off E&P budgets
The total capital and operational expenditure of exploration and production companies (E&Ps) is now likely to be cut by $100 billion in 2020 and another $150 billion in 2021 if oil prices remain on a (...)
NEWS |
Total plans $3.34B investment in Brazil’s upstream
French oil major Total expects to invest BRL 15 billion ($3.34 billion) in Brazil’s oil and gas industry in the next five years, a Brazilian newspaper reported on March 2.
NEWS |
Repsol plans to develop 860MW of wind farms in Spain
Spanish energy company Repsol has announced its plans to build 26 new wind projects, with a total capacity of 860MW in the northern Spanish region of Aragon.
NEWS |
Increased purchases from Norwegian suppliers in 2019
In 2019 Equinor purchased goods and services worth NOK 161.6 billion from more than 9,000 suppliers globally. NOK 113 billion, i.e. 70% of total purchases, went to suppliers with a Norwegian billing a (...)
NEWS |
Shearwater GeoServices awarded Bulgaria Black Sea 3D survey by Total
Shearwater GeoServices Holding AS (“Shearwater”) is pleased to announce the award of a large towed streamer 3D acquisition and Fast Track processing project in the Black Sea by Total E&P Bulgaria B.V. (...)
NEWS |
Coronavirus To Delay Most Of 2020’s FPSO Deliveries And Postpone $30 Billion Of E&P Investments
Out of a global total of 28 floating production, storage and offloading (FPSO) vessels that are under construction, 22 are being built at shipyards in China, South Korea and Singapore....
NEWS |
Energean to buy out Total’s stake in offshore Greek concession Block 2
Energean Oil and Gas has agreed to acquire the entire stake of 50% held by Total in the offshore exploration concession Block 2 in Greece for an undisclosed price.
NEWS |
Worley Wins Mozambique Contracts from Total
Total E&P Mozambique Area 1 Limitada has awarded Worley two master service agreements (MSAs) to provide services to the Mozambique LNG Project, Worley reported late last week.
NEWS |
Total awards two LNG agreements to Worley
Worley has announced that it been awarded two master service agreements (MSAs) by Total E&P Mozambique Area 1 Limitada (Total) to provide services to the Mozambique LNG project.
NEWS |
88 Energy relays key well details as Charlie countdown continues
Drilling, logging while drilling, and wireline logging operations are expected to take a total of 30 days to complete. Subsequently, subject to initial results, the well will undergo flow testing with (...)
NEWS |
Oil and gas M&A deal rises to US$370bn
The total deal value in 2019 increased 40 per cent y-o-y to US$370bn in the oil and gas market, thanks to several upstream and downstream mega-deals, according to a new Deloitte report.
NEWS |
Deepwater Peru Well is a Dry Hole
Tullow Oil plc reported Monday that the Karoon Energy-operated Marina-1 exploration well, drilled on the Z-38 license in the Tumbes Basin offshore Peru, having reached total depth and having encounter (...)
NEWS |
Energy giant Worley wins 2 more contracts
Energy giant Worley Ltd announced that it has won two LNG contracts from Total.
NEWS |
China likely to shun US LNG despite multibillion trade deal
An ongoing two-year long trade war between the US and China that has impacted the exports of both countries seemed to be closer to a resolution in January, when the two rivals sealed a deal that left (...)
NEWS |
Oil and gas giants Shell and Total get serious about solar
Oil and gas majors have made forays into solar power and renewable energy over the past decades but it always seemed more like public relations than full-on commitment.
NEWS |
Guyana’s GDP to skyrocket in coming years as oil output gathers momentum
Oil production estimated at 1.2 million barrels per day by 2030, Guyana’s total annual oil revenues could approach $30 billion within 10 years, according to fresh research by Rystad Energy.
NEWS |
Greenpeace deliver 500 solar panels to BP’s new CEO and shutdown HQ
At 3am this morning, 100 Greenpeace activists delivered 500 solar panels with a total area of over 800 square metres to BP’s London Headquarters in St James’ Square, London.
NEWS |
Petropars becomes sole developer of South Pars phase 11
National Iranian Oil Company (NIOC) has put the domestic Petropars in charge of the development of phase 11 of the giant South Pars gas field (in the Persian Gulf), following the withdrawal of Total a (...)
NEWS |
French NGOs and local authorities take court action against Total
An alliance of 14 French local authorities and several NGOs will take unprecedented court action this week against the French oil firm Total to try to force the firm to drastically reduce its greenhou (...)
NEWS |
Total and Tullow launch joint sale of their stakes in Kenyan oil project
Total and Tullow Oil aim to reduce their stakes in Kenya’s first oil development with a joint sale that could see Tullow exit completely amid uncertainty over the project’s launch, banking and industr (...)
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