Total S.A. News
Sembcorp Marine's Sembawang Shipyard Secures Contract Worth About S$600 Million From Saipem SA For The Conversion Of Two FPSOS For Kaombo Project In Offshore Angola
Sembcorp Marine’s wholly-owned subsidiary Sembawang Shipyard has secured a Floating Storage Production Offloading (FPSO) conversion contract worth about S$600 million from Saipem SA, France for the conversion of Two FPSOs for the Kaombo Project in Offshore Angola.
Technip was awarded a contract by Total E&P UK for the Edradour Subsea Development, located approximately 75 kilometers North West of the Shetland Islands, in approximately 300 meters of water.
Statoil will increase the Oseberg Øst field recovery rate by means of a drilling campaign starting up in the summer of 2015.
Total, together with its partner DONG, has decided to launch the development of the Edradour gas field in the West of Shetland area, and has in addition acquired a 60% interest in the neighboring Glenlivet discovery. The tie backs of Edradour and Glenlivet to Laggan-Tormore are expected to add reserves of more than 65 million barrels of oil equivalent.
The large CLOV field in Block 17 offshore Angola came on stream on June 12 in line with the initial project schedule.
Exxon Mobil Corporation (NYSE:XOM) today announced the CLOV project in Angola started up on schedule and is expected to reach daily production capacity of 160,000 barrels in the coming months.
Seadrill Limited ("Seadrill") has secured a contract with Total Upstream Nigeria Ltd for employment of the newbuild ultra-deepwater drillship West Jupiter, in support of the EGINA ultra-deep offshore project in Nigeria.
Total signed today an agreement with Lukoil creating a joint venture (JV) to explore and develop the tight oil potential of the Bazhenov play in Western Siberia. Total will hold 49% of the JV and Lukoil 51%. This agreement finalizes the memorandum of understanding signed between the two companies in December 2013.
The magnitude of the Libra area was the main highlight of Wednesday, May 7 at Brattec Offshore 2014, an event organized by the Brazil-Texas Chamber of Commerce. Petrobras’ executive manager for Libra, Anelise Lara, talked about the reservoir’s characteristics and the area’s development prospects.
Technip announces that a consortium composed of Angoflex Ltda(1) (owned jointly with Sonangol) and DUCO Ltd(2), has been awarded a large(3) lump-sum contract by Total E&P Angola. The contract consists of the umbilical system part of the Kaombo project, located in Block 32 offshore Angola in water depths up to 2,000 meters.
The Total-operated Saphir-1XB exploration well on Block CI-514 proved the presence of liquid hydrocarbons in the deep offshore west of Ivory Coast.
The consortium, comprising Technip and Heerema Marine Contractors (Heerema), was awarded a major lump-sum contract by Total E&P Angola for the engineering, procurement, construction, installation (EPCI) and pre-commissioning for the SURF (subsea umbilicals, risers and flowlines) part of the Kaombo project, located in Block 32 offshore Angola in water depths up to 2,000 meters.
Aker Solutions Wins Contract To Deliver Subsea Production System For Total's Kaombo Development In Angola
Aker Solutions won a contract worth NOK 14 billion from Total to provide a subsea production system for the Kaombo Block 32 development in Angola.
Total and its joint venture partners have made the final investment decision to develop the ultra-deep offshore Kaombo project in Angola. With a production capacity of 230,000 barrels per day, Kaombo will develop estimated reserves of 650 million barrels.
Technip has been awarded a significant(1) contract by Total E&P Borneo B.V., covering engineering, procurement, supply, construction and commissioning (EPSCC).
Rosenberg WorleyParsons AS has been awarded a Hook Up and Commissioning contract by Technip for the Martin Linge platform operated by Total E&P Norge AS in the Norwegian North Sea. The estimated contract revenue to Rosenberg WorleyParsons is 500 million kroner ($92 million).
Petrobras announces that, at the Operational Committee meeting of January 21, the consortium formed by Petrobras (40%), Shell (20%), Total (20%), CNOOC (10%) and CNPC (10%), along with Pré-Sal Petróleo S.A. (PPSA), approved the 2014 Working and Investment Plan for the Libra oilfield.
Entrepose Contracting and VINCI Construction Grands Projets, both subsidiaries of VINCI, have been awarded a contract with JSC Yamal LNG, owned by NOVATEK (80 %) and TOTAL (20 %)
Spiecapag, a subsidiary of Entrepose Contracting (VINCI Construction), has won a contract in Bolivia to design, supply and build a gas pipeline and three flow lines with a total length of 142 kilometres as well as several regulator stations. It will also provide commissioning support for the infrastructure, which will connect the Incahuasi gas and condensate field with existing export pipelines.
Total S.A. (« Total ») (CAC : TOTF.PA) announced being selected as the preferred bidder for an 86 megawatt-peak (MWp) ground-mounted solar power project by South Africa’s Department of Energy (DoE), as part of the third round of tenders for renewable energy generation facilities.
Total has reached a final investment decision to develop the Fort Hills oil sands mining project in Alberta, Canada, located some 90 kilometres north of Fort McMurray.
Located 60 kilometers from the city of Erbil, the Mirawa-1 discovery well on the Harir Block was drilled to a depth of 4,260 meters and encountered significant oil and natural gas columns, with gross intervals of 300 meters of oil shows in the Jurassic and 800 meters of gas shows in the Triassic.
Wood Group PSN (WGPSN) has secured a two year contract extension from Shell UK to deliver integrated services to two gas plants in Scotland; the St. Fergus Gas Terminal and Fife Natural Gas Liquids Plant (which includes the Braefoot Bay Marine Terminal).
GE To Provide Ocean Installer With Subsea Connection Equipment To Support Gina Krog And Eirin Gas Field Production In North Sea
Norwegian-based subsea contractor Ocean Installer AS has awarded GE Oil & Gas (NYSE: GE) a contract to supply subsea tie-in connection systems that will support the development of the Gina Krog and Eirin gas fields in the Norwegian North Sea.
Total (operator, 37.5%) has taken the final investment decision to develop the offshore Vega Pleyade gas and condensate field.
A consortium of companies, including Royal Dutch Shell plc (“Shell”), Petrobras, Total, CNPC and CNOOC, won today a 35-year production sharing contract to develop the giant Libra pre-salt oil discovery located in the Santos Basin, offshore Brazil.
OMV, the integrated, international oil and gas company, and its partners have discovered oil in Libya. The successful exploration has been made in the Murzuq Basin, 800 km south of the capital Tripoli.
SATORP, a joint venture between Saudi Aramco (62.5%) and Total (37.5%), has begun shipping refined products from the Jubail complex in Saudi Arabia. Saudi Aramco loaded a first shipment of heavy fuel oil at the Jubail oil terminal on September 23. The next shipment will be a cargo of diesel lifted by Total in late September.
Total S.A. (“Total”) (CAC: TOTF.PA) and Etrion Corporation (“Etrion”) (TSX: ETX / OMX: ETX) today announced the planned construction of Project Salvador, the world’s largest solar power project based on spot market electricity (“merchant”) revenues.
Wood Group GTS has secured a multi-million dollar, three year contract extension from Total E&P Nederland B.V. to provide maintenance management support for the client's entire fleet of turbines, driven equipment, generators and associated equipment on seven offshore gas platforms located in the Dutch sector of the North Sea.
Operator Statoil has together with PL479 partners made a gas/condensate discovery in the Smørbukk North prospect at Haltenbanken in the Norwegian Sea.
Northern Petroleum Plc (AIM:NOP) announces that GM-ES-5, the final welll of the current four well drilling programme in the Guyane Maritime Permit (offshore French Guiana) has been spudded by Shell as Operator on 10th August 2013.
Siemens will deliver the key components for a power station that is going to supply the future Yamal LNG (Liquified Natural Gas) production plant in Northern Russia with electricity and heat. The Siemens scope of supply comprises the design, manufacture, factory testing, delivery, installation and commissioning of eight SGT-800 industrial gas turbines as well as nine step-up transformers.
Technip Awarded Offshore Brownfield And Subsea Tie-Backs Contract For The Moho Nord Project In Congo
Technip was awarded by Total E&P Congo an important engineering, procurement, and supply contract for the Moho Nord project, the largest development ever in the Republic of Congo, located 75 kilometers offshore Pointe Noire.
Gazprom Neft and Total link open a new window have signed an agreement to create Gazprom Neft—Total PMB* LLC, a joint venture for the production and sale on the Russian market of modified bitumen and bitumen emulsions.
KBR (NYSE: KBR) today announced that it has been selected by Total to utilize KBR’s ROSE® solvent deasphalting technology for use at their Antwerp refinery in Belgium.
Technip announces that its wholly-owned subsidiary DUCO Ltd was awarded an important contract(1) by Total Upstream Nigeria Ltd to supply umbilicals(2) to the Egina field offshore Nigeria. This field is situated within the Oil Mining Lease 130, approximately 200 kilometers from Port Harcourt, at water depths ranging from 1,150 to 1,750 meters.
Fluor Awarded Basic Engineering Services Contract For Natref’s Clean Fuels 2 Project In South Africa
Fluor Corporation (NYSE: FLR) announced today that it was awarded a contract by Sasol Technology (Pty.) Ltd. to perform basic engineering services associated with the Natref Clean Fuels 2 Project in Sasolburg, South Africa. .
The joint venture partners in the 1-21 Han-Asparuh exploration block, offshore Bulgaria, consisting of OMV (Operator) 30%, Total 40% and Repsol 30%, completed the procurement phase for the offshore exploration seismic activities and will start the 3D seismic acquisition campaign on June 25.
Wood Group PSN (WGPSN) has extended one of its longest running projects in the North Sea under a $60 USD million (£40million GBP) one year contract extension with ConocoPhillips (UK) Limited.
Chevron Corporation's (NYSE: CVX) subsidiary Cabinda Gulf Oil Company Limited today confirmed that initial production of liquefied natural gas (LNG) has commenced at the Angola LNG project. Angola LNG is one of the largest energy projects on the African continent.
The licence partners of Gullfaks and Oseberg Area Unit have acquired two new category J jack-up rigs. The rigs will be owned by the licenses and will contribute to increased recovery and extended field life.
To capitalize on the shale gas revolution in the United States, the BASF TOTAL Petrochemicals LLC (BTP) joint venture (40% Total, 60% BASF) revamped the Port Arthur steam cracker in Texas to process ethane, found in abundance in U.S. shale gas.
Total has approved a €1 billion modernization project for its Antwerp production facilities, Total’s largest European refining and petrochemical platform, in line with the Group’s strategy of focusing its investment on its large integrated platforms to position them among the most competitive of the industry.
Qatar Petroleum International (QPI) and Total are pleased to announce the signing of a framework of Agreement whereby QPI will participate in Total E&P Congo through its subscription to a 15% share capital increase of this company. This participation reinforces Qatar’s commitment to invest in Africa and illustrates Congo’s willingness to welcome Qatar as a new partner.
Total announces that it has been awarded 10 new exploration licenses during Brazil’s 11th bid round.
Total announces that the Ivoire-1X exploration well, located in the western portion of Block CI-100 in 2,280 meters of water, encountered 28 meters of net oil pay in a series of about 100 meters of Cretaceous reservoirs. The oil in the abrupt margin geological play is light 35 API oil.
Veolia Environnement And Total Inaugurate Osilub Recycling Plant In Normandy (France) That Regenerates Used Oil As High-End Engine Oil
Veolia Environnement and Total today inaugurated the Osilub plant at the Gonfreville l’Orcher site in Normandy, France. Completed after 20 months of construction work, the new plant expands engine oil treatment capacity in France and, more broadly, northwestern Europe, to regenerate used oil as high end engine oils.
Wood Group PSN (WGPSN) has secured a significant two year North Sea contract extension with TOTAL E&P UK Ltd (TOTAL). Based on historical turnover, the award is anticipated to be valued at USD $150 million.
ABB, the leading power and automation technology group, has been appointed the main electrical contractor (MEC) for a new floating production, storage and offloading (FPSO) vessel at the Ichthys oil and gas field in the Timor Sea off Western Australia.
Technip was awarded by Total E&P Congo a major(1) lump-sum contract for the engineering, procurement, supply, construction, installation (EPSCI) and pre-commissioning for the Moho Nord development project. This project is located approximately 75 kilometers off the coast of the Republic of the Congo, at water depths ranging from 650 to 1,100 meters.
The Consortium constituted by Snam, the Italian gas transport and storage operator (45%), GIC, the Singaporean sovereign fund (35%), and EDF (20%, through its dedicated assets for the dismantling of nuclear plants), has entered into a definitive agreement with the Total group for the acquisition of its gas transport and storage business in the South-West of France
Technip, leader of a consortium with JGC, was awarded by JSC Yamal LNG, owned by NOVATEK (80%) and TOTAL (20%), a contract to carry out the engineering, procurement, supply, construction and commissioning of an integrated facility for natural gas liquefaction. The project will start immediately with a phase of detailed engineering, estimation and early procurement.
Hyundai Heavy Industries (HHI), the world’s biggest shipbuilder and leading offshore facilities contractor today announced it received a letter of award for a USD 1.3 billion order for a floating production unit (FPU) and a USD 700 million order for a tension leg platform (TLP) from Total E&P Congo on March 26.
Aker Solutions, the international oil services provider, has received a Letter of Award from Total for the delivery of a subsea production system for the Moho Nord project in the Republic of the Congo. The contract value is approximately NOK 4.9 billion (USD 850 million).
Chevron Makes Final Investment Decision On Moho Nord Joint Development Offshore Republic Of The Congo
Chevron Corporation (NYSE: CVX) announced that its subsidiary Chevron Overseas (Congo) Limited will proceed with the joint development of the Moho Bilondo "Phase 1 bis" and Moho Nord projects as the company's latest deepwater developments offshore the Republic of the Congo.
Total, operator of the Moho-Bilondo license, today announces the final investment decision and EPC contract awards for the Moho Nord development, consisting of the Moho-Bilondo Phase 1bis and Moho Nord projects. First oil is expected in 2015, with output reaching 140,000 barrels of oil equivalent per day (boe/d) in 2017. The joint development represents an investment of US$10 billion.
Total today announces that it has finalized an agreement to sell a 25% interest in the Tempa Rossa field, located in the Basilicata region of southern Italy, to Mitsui E&P Italia A S.r.l.
Masdar, along with its partners, today launched Shams 1, the largest concentrated solar power plant (CSP) in operation in the world. Masdar, Abu Dhabi’s renewable energy company, partnered with French energy company Total and Spain’s energy infrastructure company Abengoa.
Eni has made the ninth oil discovery in Block 15/06, in deep water offshore Angola, increasing the resource base of the West Hub project. The discovery was made through the Vandumbu 1 well, located approximately 150 kilometers from the coast. The well was drilled at a water depth of 976 meters and reached a total depth of 4,107 meters.
Total announces the restart of production on the Elgin/Franklin area on 9 March 2013, following the approval of the safety case by the UK Health and Safety Executive (HSE). Production resumes gradually and should soon reach close to 70,000 barrels of oil equivalent per day (boed; approximately 30,000 boed in Total’s share), that is to say 50% of the production potential from the fields.
Costain has secured two engineering and procurement services projects at Total’s Lindsey Oil Refinery, which will further improve the environmental performance of the refinery located at Immingham on the Humber Estuary in Lincolnshire.
Total has received a firm offer from Borealis to acquire GPN S.A., a wholly owned Total affiliate that is France’s largest nitrogen fertilizer manufacturer. The Group has granted Borealis the exclusive right to pursue the offer.
Total announces that it has signed two production sharing contracts (PSCs), for Blocks 10 and 11, with the Republic of Cyprus. The PSCs were awarded as part of the second offshore exploration licensing round, launched by the Cypriot government in 2012.
Chevron Corporation (NYSE: CVX) announced today that its Cabinda Gulf Oil Company Limited subsidiary will proceed with the development of the Mafumeira Sul project located offshore Angola.
Total announces it has entered into exclusive negotiations with a consortium comprising Snam, EDF and GIC1 that has submitted a firm offer to acquire all outstanding shares of Transport et Infrastructures Gaz France (TIGF). The offer values the company at €2.4 billion.
KBR (NYSE: KBR) and AYTB announced today that they have signed a seven-year contract to provide refinery maintenance services for the Saudi Aramco Total Refining and Petrochemical Company (SATORP) at a new 400,000 bpd refinery in Jubail, Saudi Arabia.
Technip, leader in a consortium with Samsung Heavy Industries (SHI), was awarded by Total E&P Norge, a contract for the Martin Linge development* project located approximately 180 kilometers west of Bergen, Norway, in a water depth of 115 meters. The total contract is worth approximately USD 1.25 billion, with a Technip share of around USD 780 million.
The international oil services provider Aker Solutions has signed a contract with a subsidiary of McDermott for the delivery of subsea tie-in connectors to the Ichthys LNG Project. The contract is valued at NOK 500 million.
Cheniere Energy Partners, L.P. ("Cheniere Partners") (NYSE MKT: CQP) announced today that its subsidiary, Sabine Pass Liquefaction, LLC ("Sabine Liquefaction"), has entered into a liquefied natural gas ("LNG") sale and purchase agreement ("SPA") with Total Gas & Power North America, Inc.
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it has been awarded a contract from Santos GLNG Project in Australia to provide support for its coal seam gas field development.
Total announces a significant oil discovery at its North Platte prospect on Garden Banks Block 959 in the deepwater Gulf of Mexico. The discovery well encountered several hundred feet of net oil pay in Lower Tertiary sands which included several high-quality intervals.
Total announces that its affiliate Total E&P Norge has made an oil discovery in the Garantiana prospect located on Production License 554 (PL554) in the Norwegian North Sea, 185 kilometers northwest of Bergen and 30 kilometers northeast of the Visund Field, at water depths of 384 meters.
Statoil and partners have started up production on the Visund South oil and gas field in the North Sea.
Total announces that it has finalized an agreement to sell its 20% contractor interest in OML 138 block to a wholly owned subsidiary of China Petrochemical Corporation (Sinopec), for approximately US$2.5 billion in cash (subject to post-closing adjustments). The agreement is subject to approval by the Nigerian authorities.
Santos today announced a significant gas discovery at the Crown-1 exploration well in WA-274-P, located in the Browse Basin offshore Western Australia.
Subsea 7 S.A. (Oslo Børs: SUBC, the “Company”) today announced the award of a subsea, umbilical, riser and flowline (SURF) contract valued at approximately $800 million from Total E&P Norge AS for the development of the gas field Martin Linge, located 180 km west of Bergen in the North Sea.
Technip was awarded by Total E&P Angola an engineering, procurement, construction and commissioning (EPIC) contract for the second phase of the Girassol Resources Initiatives (GirRI) development project. The field is located 210 kilometers offshore Angola, at a water depth of 1,300 meters.
The Shell Petroleum Development Company of Nigeria Limited (SPDC), a subsidiary of Royal Dutch Shell plc (Shell), has completed the assignment of its 30% interest in Oil Mining Lease 30 (OML30) in the Niger Delta to Shoreline Natural Resources Limited (Shoreline). Total cash proceeds for Shell amount to some US$567 million.
ENTREPOSE Contracting, the VINCI subsidiary specialising in the design and construction of industrial projects in the oil and gas sectors in particular and the energy and environmental sectors in general, has signed a preliminary agreement with TOTAL to increase to 90% its stake in the capital of GEOSTOCK, leader in underground storage facilities for liquid and gaseous hydrocarbons.
Leighton Contractors has been awarded a $126 million Engineer, Procure and Construct (EPC) contract by JKC Australia LNG Pty Ltd for one of the building packages at the Ichthys LNG Project’s Onshore Facilities Operations Complex at Blaydin Point, Darwin, Northern Territory.
Aker Solutions has secured a three year contract to provide operations and maintenance services to Total E&P UK Ltd and its joint venture partner DONG E&P (UK) Ltd at the new Shetland Gas Plant (SGP).
Total Signs Two Production Sharing Contracts For Telen And Bengkulu I - Mentawai Exploration Blocks In Indonesia
Total announces that it has signed two Production Sharing Contracts (PSCs) with the Government of Indonesia represented by BPMIGAS, for the Telen and the Bengkulu I - Mentawai exploration blocks. The Group will hold a 100% participating interest in each PSC.
Total announces the signature of agreements with Oil Search Limited (“Oil Search”) for the acquisition of a 40% interest in offshore licences PPL 234 and PPL 244, a 50% interest in offshore licence PRL 10 and the option to acquire a 35% interest in onshore licences PPL 338 and PPL 339. All the licences are located in the Gulf of Papua region.
Total has today announced an exchange of interests with ExxonMobil in a range of producing and undeveloped North Sea assets on the Norwegian Continental Shelf.
Total announces the start-up of its Atla gas condensate field in the Norwegian North Sea. Atla was brought into production two years after completion of exploration drilling.
Henri Proglio, Chairman and CEO of EDF, today laid the foundation stone in the presence of Michel Delebarre, Member of the French Senate, Mayor of Dunkirk and Chairman of the Urban Community of Dunkirk. The Dunkirk LNG terminal is expected to be commissioned towards the end of 2015 and is the second largest industrial construction site in France after the EPR site at Flamanville.
The owners in the Snøhvit license have decided to stop the work on a possible capacity increase on Melkøya. The license has concluded that the current gas discoveries do not provide a sufficient basis for further capacity expansion.
Total announces the signature of a farm-in agreement with the Malaysian state-owned company, Petronas, for the acquisition of a 40% interest in the Production Sharing Contract covering the offshore blocks area 3 and area 6 located in the prolific Rovuma Basin. Petronas will retain the operator ship.
Thiess has been awarded a $134 million contract by Saipem Australia Pty Ltd, the Australian company of the worldwide pipeline specialist Saipem, to construct a tunnel for the Santos GLNG Project in Gladstone.
BASF and Yamal LNG OAO (shareholders are Novatek OAO and Total) have concluded a license agreement on the use of BASF’s technology for the removal of carbon dioxide from natural gas. The use of the technology, marketed under BASF’s Oase® brand, is a prerequisite for the production of liquefied natural gas (LNG).
Total announces that its gas trading affiliate Total Gas & Power Limited has signed an agreement with South Korean national company Kogas (Korea Gas Corporation) for the purchase of 0.7 million metric tons per year of LNG from the Sabine Pass terminal in Louisiana for a duration of twenty years.
On September 6, 2012, Petrobras began oil production in the ultra-deep waters of the Chinook oilfield from the floating production, storage and offloading platform, FPSO BW Pioneer, moored some 250 kilometers off the coast of the State of Louisiana in the U.S. Gulf of Mexico.
Cheniere Enters into Agreements with Total For Access To Additional Capacity And Services At The Sabine Pass LNG Terminal
Cheniere Energy Partners, L.P. announced today that its subsidiary, Sabine Pass Liquefaction, LLC, has entered into a partial assignment agreement and related agreements with Total Gas & Power North America, Inc. whereby Sabine Liquefaction would progressively gain access to Total's send-out capacity and other services provided under its terminal use agreement with Sabine Pass LNG, L.P.
Foster Wheeler Awarded EPC Role By Zeeland Refinery For Distillate Hydrocracker Upgrade In The Netherlands
Foster Wheeler AG announced today that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by Zeeland Refinery N.V., a joint venture between Total and LUKOIL, for engineering, procurement assistance and construction management assistance for the upgrade of the distillate hydrocracker at the Zeeland Refinery located at Vlissingen, The Netherlands.
Shell Petroleum Development Company of Nigeria Limited (SPDC), a subsidiary of Royal Dutch Shell plc (Shell), completed on August 31st 2012 the assignment of its 30% interest in Oil Mining Lease (OML) 40 in the Niger Delta to Elcrest Exploration and Production Nigeria Limited. Total cash proceeds for SPDC amount to some US$102million.
Total announces the signature of an agreement with PTTEP for the acquisition of a 40% interest in the Production Sharing Contract covering the offshore Block M-11 in Martaban basin. PTTEP (PTT Exploration and Production Plc.), Thailand's national company, will retain the operatorship. The block covers an area of 5,373 km², with a water depth of 200 to 2,300 meters.
Total today announced the signature with the Bulgarian authorities of the exploration contract concerning the offshore Khan Asparuh license, awarded under the licensing round that opened last January 31. The 14,220-sq.km block is located approximately 80 kilometers offshore in the Black Sea in water depths of between 100 and 2,000 meters.
Total E&P Philippines B.V. (“Total”) announces the signature of a Farm out Agreement with Mitra Energy (Philippines SC-56) Limited (“Mitra”), based in Kuala Lumpur, Malaysia, to acquire a 75% interest in the offshore Block SC56, located in the Sulu Sea.
Total today announced that it has agreed to sell to INPEX CORPORATION a 9.99% indirect interest in offshore Angola Block 14. The transaction remains subject to the approval of Angolan authorities.
Total announced the signature of a Farm-in Agreement in two exploration blocks in Kurdistan Region of Iraq.
Chevron Corporation (NYSE: CVX) announced that its subsidiary will proceed with the development of the Lianzi field located in a unitized offshore zone between the Republic of Congo and the Republic of Angola.
Aker Solutions' subsidiary Aker Oilfield Services has received a contract from Total E&P Angola for providing subsea intervention services from the oil services company's purpose-built intervention vessel, Skandi Aker. The agreement marks a breakthrough for vessel-based intervention services in deep and ultra-deep waters.
Aker Solutions has been awarded a contract by Technip to supply a Mono Ethylene Glycol (MEG) reclamation plant for the Ichthys LNG Project in Australia. The contract value is approximately NOK 485 million. The scope of work includes system engineering and supply of key equipment for the MEG plant and may include some further options. The equipment deliveries will be in 2013 and 2014.
Total today announced that it has acquired an additional 6% interest in the Ichthys liquefied natural gas (LNG) project from its partner INPEX. Total’s overall equity stake in the Ichthys LNG project grows from 24% to 30%.
Total announces, together with its partners Repsol, Inepetrol and Otepi, having taken the final investment decision for a new development phase of the Yucal Placer gas field, operated by Ypergas*, and located in Guárico State, Venezuela.
Total announces that its affiliate Total E&P Norge has participated in a significant gas and condensate discovery in the King Lear prospect on Production Licenses 146 & 333 in the Southern sector of the Norwegian North Sea (Statoil 77,8% operator - Total 22,2%).
Azerbaijan: Socar, Total And GDF Suez Issue A ‘Notice Of Discovery And Its Commerciality’ For The Absheron Discovery In The Azerbaijani Deep Waters Of The Caspian Sea
A ‘Notice of Discovery and its Commerciality’ for the Absheron discovery was submitted on June, 1 on behalf of the partnership Socar - Total - GDF Suez by operator Total E&P Absheron.
Statoil has made a significant gas and condensate discovery in the King Lear prospect in the southern part of the Norwegian North Sea along with its partner Total E&P Norge.
Santos Ltd. has increased the cost of its Australian gas-export joint venture by US$2.5 billion, highlighting the challenges facing companies attempting to prepare unconventional gas for export.
Total announces that the consortium led by PetroChina has started raising production from the Halfaya field to reach in its first phase an average of 70,000 barrels a day from newly built facilities.
Smart Metering Systems PLC, a maker of energy efficient gas meters, said Wednesday that it has signed a contract with Total Gas & Power Ltd, a U.K. subsidiary of the gas group Total SA, to provide gas meters and an advanced automated meter reading solution, for its industrial and commercial, or I & C, customers.
Angola LNG, operator of one of the world’s most modern LNG and processing facilities in Soyo, Zaire Province in Angola, and GE Oil & Gas have signed a long-term contractual service agreement (CSA) designed to increase overall plant efficiency and provide maximum availability for the key gas compression equipment. GE announced the agreement today at World Gas Conference 2012 in Kuala Lumpur.
Russian gas behemoth OAO Gazprom is considering finding new partners to develop its Shtokman field off the Russian Arctic as it seeks to turn it into a full liquefied natural gas project, its vice chairman, Alexander Medvedev, said Wednesday.
Total and its affiliate SunPower1 (NASDAQ: SPWR), a Silicon Valley-based manufacturer of high efficiency solar cells, solar panels and solar systems, today announced the commissioning of a new photovoltaic solar panel manufacturing and assembly plant in the De Vernejoul industrial park in Porcelette, Eastern France.
Following 5 days of close monitoring, Total is now able to confirm the success of the intervention conducted on May 15th on the leaking G4 well on the Elgin complex, 240 kilometers from Aberdeen in the UK North Sea. To regain control of the well, heavy mud was pumped into G4 well from the semi-submersible drilling rig West Phoenix.
French oil major Total SA Monday said the operation to end the natural gas leak at a platform in the North Sea was successful, ending a crisis some feared could have ended in a major catastrophe.
Statoil transfers operatorship of the Vilje field in the North Sea to Marathon Oil Norge. The agreement does not involve any change of stakes in the production licence (PL 036D).
Siemens Energy has been awarded a contract to provide long-term maintenance services for the pioneering Santos GLNG Project in Queensland, Australia. The multi-million dollar service order is Siemens' largest ever for its small gas turbine (SGT) product line. The customer is Santos GLNG, which is a joint venture between Santos, PETRONAS, Total and KOGAS.
Leighton Contractors has been awarded a $93million Engineer, Procure and Construct(EPC) contract by JKC Australia LNG Pty Ltd for the Temporary Site Facilities Works at Blaydin Point, Darwin, Northern Territory.
Aker Solutions has been awarded a contract by Total E&P Angola, to deliver seven new subsea tree systems to the Dalia field located offshore Angola. Contract value is approximately NOK 470 million.
Origin Energy Limited (Origin) has announced the signing of a binding Heads of Agreement for gas supply with GLNG partners (GLNG), providing Origin with a pathway to monetise its portfolio of fuel resources in line with international oil-linked pricing.
Total and the partners of the Bongkot Joint Venture announce the start of the production from the Greater Bongkot South (GBS) gas and condensate field in the Gulf of Thailand. The Joint Venture is operated by PTTEP (44.45%), alongside partners Total (33.33%) and BG Group (22.22%).
BG Group today announced the start of production from the Greater Bongkot South field in the Gulf of Thailand, approximately 200 kilometres east of the city of Songkhla in southern Thailand.
Total SA Saturday said that all operations currently being conducted to end a gas leak at its North Sea Elgin platform are progressing asplanned.
Shareholders in Russia's giant Shtokman gas project have agreed to revamp the technical design, a move that further delays the long-discussed project and could result in changes to the shareholder structure, people familiar with the matter said.
Total SA said a specialized crew has returned safely from a helicopter reconnaissance mission in the North Sea.
Foster Wheeler AG announced today that a subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement and construction management (EPCm) services contract by TOTAL Raffinage-Chimie for the revamp of a hydrodesulfurization unit at TOTAL's refinery in Antwerp, Belgium.
French oil company Total SA is mobilizing two rigs to drill a relief well that could eventually halt a gas leak from the Elgin platform in the North Sea, the U.K. Department of Energy and Climate Change said in a statement Thursday.
The five-day battle to stem a dangerous gas leak from Total SA's Elgin platform in the North Sea highlights the increased risks of exploiting very high pressure and high temperature oil and gas reservoirs, which are seen as an increasingly important part of the U.K.'s dwindling resource base.
Total SA Wednesday said the flare at its Elgin platform in the North Sea doesn't pose any immediate safety risk but that it nevertheless seeks solutions to extinguish it, should it fail to burn out by itself.
Petroliam Nasional Bhd., Malaysia's state-owned oil and gas company, said Wednesday that it has signed an initial agreement with France's Total S.A. to study the possible development of a natural gas field offshoreSarawak.
The development of the Åsgard subsea gas compression was approved in the Storting (Norwegian parliament) on 27 March 2012. This signals the start for implementation of one of Statoil’s most demanding technology projects aimed at improving recovery.
Total is partnering four of the R&D institute projects covered by the French government’s Investissements d’avenir (Investing in the Future) stimulus program. The projects are being implemented by public-private partnerships that combine academic and business resources in France to prepare the energy future.
The Shaw Group Inc. today announced it has formed an exclusive alliance with Total Petrochemicals to jointly market and license Total Petrochemicals’ polystyrene technology on a worldwide basis. The alliance is based on a licensing cooperation agreement recently signed by the two companies.
Total SA is in talks to enter Iraqi Kurdistan, the head of the French oil giant said Tuesday, the latest major to disclose concrete steps to enter the autonomous region.
Kuwait Petroleum Corporation (KPC) And Total Sign A Memorandum Of Understanding For A Refining And Petrochemicals Project In China
Total today signed a comprehensive Memorandum of Understanding (MOU) with Kuwait Petroleum International (KPI)1 and Petrochemicals Industries Company (PIC)2, two wholly owned subsidiaries of Kuwait Petroleum Corporation. The MOU relates to a targeted participation in the Zhanjiang project in China.
Total S.A.'s head of exploration Yves-Louis Darricarrere said Tuesday that there is plenty of oil and gas in the ground but also lots of obstacles to extract enough of it to meet growing global needs.
Total today announces that it has acquired from Oil Search a 40% interest in the Block 3 exploration license in Yemen, which it will operate. The license covers an area of 2,954 square kilometers in the eastern section of the Marib Basin. The acquisition is subject to the approval of Yemen’s Ministry of Oil and Mineral Resources.
Brazilian state-run energy giant Petroleo Brasileiro, or Petrobras, said late Thursday that the company had started pumping oil from the first of two deepwater oil fields in the U.S. Gulf of Mexico in late February.
A dozen of the largest Canadian oil-sands producers agreed Thursday to share funding for environmental research, saying pooling their resources will speedthe creation of new technologies to reduce the negative effects of oil-sandsdevelopment.
Total, operator of Block OML138, announces the start-up of production of the offshore Usan field in Nigeria, in line with the planned schedule. Usan is the second deep offshore development operated by Total in Nigeria, coming on stream less than three years after Akpo.
China's Cnooc Ltd. and its partners in a Uganda oil production and refining project are working out details of a 200,000-barrel-a-day refinery to be built in the country, the China Daily reported Thursday, citing a senior Ugandan industry official.
U.S. energy giant Exxon Mobil Corp. will be barred from Iraq's fourth oil-and-gas licensing auction, scheduled for May, because of the deals it struck with the country's semi-autonomous Kurdistan region, a spokesman for Iraq's Deputy Prime Minster for Energy Hussein al-Shahristani said Monday.
Kuwait will complete the feasibility study soon for a joint venture deal with and France's Total SA to build a 300,000 barrel per day refinery and 1 million metric ton-per-year ethylene complex in the southern city of Zhanjiang in China, the head of the country's state oil company said Monday.
French oil giant Total SA Friday said 2012 has begun favorably and that it will step up investments over the next three years after it reported a 12.8% increase in fourth-quarter net income on high oil prices and in spite of weak downstream markets and stable output.
Total E&P Norge AS has awarded Kvaerner an EPSC-contract (Engineering, Procurement, Supply and Construction) of close to NOK 1.1 billion for delivery of a steel jacket to be located at the Hild Field offshore the Norwegian North Sea.
French oil giant Total SA Friday said that 2012 started favorably and reiterated its output guidance, reporting a 12.8% increase in net income in the fourth quarter on the strength of high oil prices and in spite of weak downstream markets.
KBR And Its Joint Venture Partners (JKC JV) Sign Contract For EPC Activities For Ichthys LNG Project
KBR announced today that its joint venture with JGC Corporation and Chiyoda Corporation, the JKC JV, has signed the formal contract for engineering, procurement and construction (EPC) activities on the Ichthys LNG Project in Northern Australia.
The partnership in production license 048 B recently signed an agreement with Teekay to carry out maintenance work on the Floating Production, Storage and Offloading (FPSO) unit, Petrojarl I. As a consequence, Glitne is expected to keep production going until 2014.
Total announces that the second phase of the Ofon field development in offshore Nigeria (Ofon Phase 2) has begun. Construction and installation contracts have been awarded for Ofon Phase 2, which is scheduled to come on stream in 2014.
Total, operator of the Hild license, launches the development of this field located in the Norwegian North Sea. This development will represent an investment of US$4.2 billion (NOK 25.6 billion) and is subject to the approval of the Norwegian Ministry of Petroleum and Energy and Norwegian Parliament
Russian Energy Minister Sergey Shmatko said Monday that all major issues have been resolved regarding production sharing agreements, or PSAs, that were signed in the 1990s with companies such as ExxonMobil Corp. and Royal Dutch Shell PLC.
As western governments push ahead with unprecedented sanctions on Iran, U.K. and European Union officials have lobbied U.S. lawmakers in recent weeks to ensure that any new Iran sanctions exempt a key BP PLC -led natural-gas project.
Saipem Awarded E&C Offshore Contracts Worth $1.8 Billion To Be Carried Out By The New Castorone vessel
Saipem has been awarded new E&C Offshore contracts worth $1.8 billion which will be carried out by the newly-built Castorone pipelay vessel.
Inpex Corp. and Total SA have given the green light to build one of Australia's most expensive energy projects at an estimated cost of US$34 billion over the next five years.
Ichthys LNG Project Achieves FID And JGC/KBR/Chiyoda Joint Venture (JKC JV) Executes Letter Of Award For Initial EPC Activities For LNG Plant Facilities
KBR, JGC Corporation and Chiyoda Corporation jointly announced that INPEX CORPORATION and Total S.A. (the Ichthys Owners) have notified the joint venture formed by JGC, KBR and Chiyoda, the JKC JV, that the Final Investment Decision (FID) for the Ichthys LNG project has been achieved.
Hyundai Heavy Industries Co. said Tuesday it met with representatives of the shareholders of Gaztransport & Techniqaz about a possible joint bid with other South Korean shipbuilders for the French engineering company in a deal that may be worth EUR1 billion (US$1.3 billion).
Inpex Corp. said Tuesday it has now finalized sales contracts for the entire projected annual output of 8.4 million metric tons of liquefied natural gas at its flagship Ichthys project in northern Australia.
Iraq has postponed by a month its fourth oil-and-gas bidding round, to April 11-12, when it will auction 12 promising exploration blocks to international companies, a senior Oil Ministry official said Wednesday.
Libya's largest oil port, Es-Sider, is on the cusp of restarting loadings, which would lift the most important hurdle standing in the way of a return to normal exports following the end of civil war, the country's oil chief said Thursday.
Shtokman Development AG said Thursday it has decided to delay the final investment decision for the giant Shtokman gas project until the end of March, 2012.
Total, through its 100% affiliate PetroFina S.A., today signed an agreement with ExxonMobil Petroleum & Chemical BVBA under which ExxonMobil is to transfer to Total its 35% shareholder interest in Fina Antwerp Olefins.
Statoil has been awarded operatorship for blocks 38 and 39 and partner position in blocks 22, 25, 40 in the Kwanza basin in Angola.
Angola is to sign final deals Tuesday with oil companies for a new exploration frontier called "presalt," a spokesman for state oil company Sonangol said, as buoyant prices fuel an appetite for risky oil plays.
Total today announced that it has taken, together with its partner Novatek, the final investment decision to develop the Termokarstovoye gas and condensates field. This onshore field is located in the Yamal Nenets autonomous district of Russian Federation, 250 kilometers east of Tarko-Sale.
French oil major Total SA (TOT) Friday said it paid $800 million to buy 2% in Russian oil company Novatek, raising its total stake to 14.09%.
Uganda could become an oil distribution hub for East Africa, including South Sudan's oil exports, if plans for an oil pipeline from the country to the Kenyan coast proceed, Total SA Chief Executive Christophe de Margerie said Wednesday.
Inpex Corp. has made a final investment decision on the Ichthys liquefied natural gas project offshore Australia, a person close to the situation said Tuesday.
Azerbaijan will ship between 5 million and 7 million metric tons of crude from Kazakhstan's huge Kashagan field in 2013, Azeri Energy Minister Natiq Aliyevsaid Friday.
French oil and gas giant Total SA plans to challenge the French government's decision to cancel its exploration permit for a shale gas field in Montelimar, in the south of France, reported Les Echos Monday.
Subsea 7 S.A. announced today the award of a SURF contract valued at approximately $75 million from Total E&P Norge AS on the Atla (formerly David) Field, situated in the central part of the North Sea, 20km northeast of the Heimdal Field.
French oil major Total SA is confident it will be granted tax breaks on the Shtokman offshore natural gas project, in Arctic Russia, thus allowing the final investment decision to be made by the end of the year or early next year, the head of its exploration and production division Yves-Louis Darricarrere said in an interview with Dow Jones Newswires.
Some 32 international companies, including oil majors, have so far bought data packages for Iraq's 4th energy bidding round, which will auction 12 exploration blocks under service contracts, a senior Iraqi oil official said Monday.
Inpex Corp. said Friday that the final investment decision on the Ichthys liquefied natural gas project in Australia may be delayed to mid-January because of scheduling conflicts between key people.
Stricter offshore regulations proposed by the European Union are unnecessary and will simply add needless bureaucracy to successful safety programs in countries like the U.K. and Norway, Total SA's head of northern European exploration Patrice de Vivies said Thursday.
A joint venture between Saudi Arabian Oil Co., known as Saudi Aramco, and Royal Dutch Shell PLC said Wednesday it has secured approval from the Saudi government for Kidan area appraisal plan in the Rub al-Khali or empty quarter.
French construction company Eiffage SA Tuesday said it signed a $424 million contract to build an oil rig for French oil major Total SA in Nigeria.
Japan's Inpex Corp. and France's Total SA may approve their Ichthys liquefied natural gas project in January, missing an internal target of late this year for a final investment decision, The Western Australian Newspaper reported Tuesday.
Oil companies operating in Uganda's Lake Albertine Rift basin have invested at least $1.5 billion in oil and gas exploration since 2006, and investments are expected to keep increasing as the country moves from exploration to the development phase, Uganda's energy and minerals ministry said Thursday.
French energy major Total SA Chief Executive Wednesday urged Qatar to join the Yamal liquefied natural gas project, and also said his company considered working with OAO Rosneft at the Shatsky Ridge oilfield.
French energy major Total SA Chief Executive Wednesday said there is an "urgent need" to get the Shtokman offshore gas fieldin the Barents Sea underway, and send a strong message to the Russian government to grant tax breaks.
French oil company Total SA Monday said it has found oil for a second time in the Etisong field in Nigeria, 65 kilometers off theshore.
Danish industrial conglomerate A.P. Moller-Maersk A/Ssaid Monday its oil and gas drilling services arm Maersk Drilling has been awarded a four-year contract for the use of its new ultra harsh environment jack-up rig for a drilling project in the Norwegian North Sea.
Inpex Corp. said Friday it will make a final investment decision in less than two months on the Ichthys liquefied natural gas project in Australia.
Mabruk Oil, Total SA's Libyan joint venture, said it has started loading a tanker, marking the first export from the operation since the civil war toppled the government.
Royal Dutch Shell PLC and France's Total SA plan to expand capacity of their liquefied natural gas terminal in western India by more than a third, buoyed by strong demand for the fuel in the country, a senior Shell executive said.
Santos Ltd. said its US$16 billion gas export joint venture in Queensland state has completed over a third of the engineering and procurement for its liquefied natural gas processing plant, putting it on track to ship its first cargo in 2015.
Investments in Azerbaijan's Azeri-Chirag-Guneshli, or ACG, and Shah Deniz fields in the Caspian Sea total $33 billion to date, the operator of both projects BP PLC said Wednesday.
A BP PLC led consortium working on Azerbaijan's Shah Deniz natural gas field will make a final investment decision on development of the second stage of the field in 2013, the head of Azerbaijan's state energy company Socar, Elshad Nasirov, said Wednesday.
Yemen LNG will restart operations at the Balhaf export terminal on Oct. 26, following a pipeline blast last week, the company said in a press statement seen by Dow Jones Newswires Tuesday.
Ugandan lawmakers from the ruling National Resistance Movement party Saturday voted to rescind a resolution that blocked the government from approving U.K.-based Tullow Oil PLC's $2.9 billion saleof some of its interests in the country to France's Total SA and China's Cnooc Ltd., officials said Monday.
Bolivia expects private companies to invest more than $1 billion for natural-gas and other hydrocarbons exploration in 2012, a new record, state oil and gas company YPFB said in a statement Monday.
Argentina could reverse its falling natural gas reserves and production if the right incentives are put in place to exploit what are thought to be vast deposits of unconventional gas, an Apache Corp executive said Wednesday.
A $14 billion refinery being built in Saudi Arabia by a joint venture of Saudi Arabian Oil Co. and France's Total S.A. won't be affected by Europe's ongoing debt crisis or slower-than-expected oil demand this year and next, the joint-venture company's top executive said Sunday.
A Libyan oil field partly owned by Occidental Petroleum Corp. restarted production Wednesday, a local official said Thursday.
French oil major Total SA Thursday said it has teamed up with Russia's Novatek to develop the Yamal gas liquefaction project taking a 20% stake.
Cove Energy Plc, the AIM quoted upstream oil and gas company focused on East Africa, through its wholly owned subsidiary, Cove Energy Kenya Limited together with its partners has received approval for its farm out agreement with TOTAL E&P Kenya BV, a wholly owned company withinthe TOTAL S.A group.
There are no visible impediments that could prevent Inpex Corp. and Total SA from giving final approval by the end of the year for construction of their more-than US$20 billion Ichthys gas export project in Australia's Northern Territory, a senior Inpex executive said Thursday.
French state-controlled utility Electricite de France SA, or EDF, has asked the government to delay an investigation into the planned Penly nuclear reactor as its engineers were busy working on stress tests carried out on its existing reactors.
The French government cancelled all three exploration permits on shale gas fields Monday after Total SA and U.S.-based Schuepbach Energy LLC, which hold the rights, maintained their intention to use a controversial technique to drill the potential fields that was banned earlier this year.
Libya's massive Sharara oilfield should begin pumping oil again by the end of this month, but the ramp-up will be slow, the head of the company's local joint-venture said Monday.
Russian gas producer OAO Novatek said Friday it has exercised an option to buy a 49% stake in the Yamal LNG, taking full ownership of the project.
Aker Solutions has won a contract to conduct the basic engineering for the development of Total's Hild field in the Norwegian North Sea. The contract value is about NOK 215 million.
ExxonMobil Corp. plans to start hydraulic fracturing next week on its second test well in Poland, near the eastern town of Siennica, Jim Johnston, board member of ExxonMobil Exploration and Production Poland, said Wednesday.
Chevron Corp. is evaluating shale gas opportunities in Argentina and elsewhere in Latin America to see how the resource can play in role in the energy-rich region, the company's president of Latin America and Africa, Ali Moshiri, said Tuesday.
Security needs to improve in Libya before the country can significantly increase output, Hess Corp.Chief Executive John Hess said Tuesday.
Uganda is contesting a key provision of its current oil agreement with U.K.-based Tullow Oil PLC in the latest dispute to delay the long-discussed $2.93 billion sale of its stake in three oil blocks to French oil major Total SA and China's CNOOC.
Hindustan Petroleum Corp. has invited bids to conduct a feasibility study for a refinery and petrochemical project at Visakhapatnam in southern India.
France's Total SA Friday became the first foreign company to resume crude output from Libya following the toppling of Moammar Gadhafi after production restarted at its local joint-venture.
Total SA has taken down several units at its 232,000 barrel-a-day refinery in Port Arthur, Texas, for maintenance, according to a source familiar with the refinery's operations.
Total SA's Libyan joint-venture is set to restart oil production at its 40,000 barrels-a-day Al Jurf offshore field, a person familiar with the matter said Wednesday, making it the first foreign company to resume crude output following the toppling of Moammar Gadhafi.
Oil and gas explorer Cove Energy PLC said Wednesday that together with its partners Anadarko Petroleum Corp. and Dynamic Global Advisers Kenya Limited, it has signed a deal in which Total S.A. will buy a 30% stake in five offshore blocks in Kenya.
Italian oil services company Saipem SpA said Monday it had received new contracts worth more than $500 million to do perforation work for oil explorers in Angola and Saudi Arabia.
French oil company Total SA wants to expand its oil and gas business in Libya, German newspaper Handelsblatt reports Monday.
Norwegian oil and gas company Statoil said Friday the Ministry of Petroleum and Energy has approved plans for the development and operation (PDO) of the Stjerne and Vigdis North-East fields.
Norwegian oil company Statoil ASA and its partners will invest NOK11 billion in two new compressors on the Troll A platform in the North Sea, Statoil said Thursday.
French oil company Total SA Thursday said it has acquired stakes in three deep-offshore exploration blocks in Indonesia from Canada-based oil firm Talisman Energy Inc. for an undisclosed amount.
The Ugandan government has approved a joint venture deal involving London-listed Tullow Oil PLC, France oil major Total SA, and China's CNOOC which is expected tounlock the development of the country's oil fields in the Lake Albertine rift basin, Uganda's junior energy and minerals minister told Dow Jones Newswires Tuesday.
French oil major Total SA Friday said a major hydrocarbon discovery was made in French Guiana's deep offshore Guyane Maritime license, in which it has a 25% equity interest.
French oil major Total SA Friday said it made a major gas discovery in the Caspian Sea, in the Absheron block offshore Azerbaijan.
U.S. oil and gas company Chevron Corp. has signed an agreement to access the import capacity at the U.K. South Hook liquefied natural gas terminal, the South Hook Gas Company said in a statement Tuesday.
It could take one to two years for Libya to fully restore its oil and gas output, French oil major Total SA's Chairman and Chief Executive Christophe de Margerie said Thursday, although he also said that the timeframe was difficult to establish as of now.
Saudi Aramco Total Refining and Petrochemical Co., or Satorp, has selected three banks to arrange a planned Islamic bond, or sukuk, issue that will help it finance a large refinery complex at Jubail on the Persian Gulf coast.
Tullow Oil PLC said Wednesday it has discovered light oil at its Akasa-1 well offshore Ghana, although keenly-awaited results from its South American drilling program have been delayed.
Norwegian oil and gas giant Statoil ASA and its partners will invest nearly 15 billion kroner ($2.7 billion) to boost volumes from its Asgard B platform in the Norwegian Sea.
The recent steep drop in crude oil prices isn't good news for Canada's oil-sands industry, which boasts large reserves but requires high up-front costs for development.
SunPower Corp. and First Solar Inc.'s Topaz Solar Farms LLC unit agreed to provide additional conservation protectionsto settle environmental groups' objections to two solar-power plants being developed in San Luis Obispo County, Calif.
The Iraqi oil ministry has qualified some 41 international companies to compete for 12 exploration blocs in the next bidding round which is scheduled to be held in January, the ministry said in statement Monday.
Royal Dutch Shell PLC Wednesday confirmed that its Nigerian joint venture will begin out-of-court settlement talks with the community affected by a 2008 oil spill, one day before the release of a United Nations report that will detail the impact of oil contamination in the Niger Delta's Ogoni region.
Norwegian oil and gas producer Statoil ASA expects its liquefied natural gas facility Snohvit to be functioning by next week following earlier production halts, spokesman Jannik Lindbaek Jr. told Dow Jones Newswires Friday.
The chief executive officer of French oil company Total SA said oil prices are trending upward while refining margins are weak, and also said the company is widening the field of possible buyers for its Lindsey refinery in the U.K.
Russian gas producer OAO Novatek Friday said its gas output in the second quarter rose 44% from a year earlier to 12.13 billioncubic meters.
French oil and gas major Total SA is "well prepared" to take part in the development of Brazil's pre-salt oil resources, Total's head of exploration and production, Yves-Louis Darricarrere, said Thursday.
French oil major Total SA Tuesday said it acquired interests from Esso Italiana, a unit of Exxon Mobil Corp., in the onshore Gorgoglione concession, which contains the Tempa Rossa field, and in two exploration licenses located on the same area, in Southern Italy, thus increasing its equity stake in the Tempa Rossa field to 75%.
Royal Dutch Shell PLC and its partners are to ask the Kazakh government for an extension to the 2013 deadline for the first oil from their Kashagan field, U.K. newspaper The Daily Telegraph reports Friday, citing a person at an unnamed oil company in the city of Atyrau.
French state-controlled power group Electricite de France SA Wednesday said that it, oil major Total SA and Belgian gas distributor Fluxys SA, will invest together a total EUR1 billion in a liquefied natural gas terminal in Dunkirk, northern France.
Australia on Tuesday conditionally approved construction of Inpex Corp.'s multibillion dollar Ichthys gas export joint venture, moving it closer to providing Japan with alternative fuels in the wake of its nuclear power crisis.
U.K. oil major BP PLC said Friday that output from its offshore Shah Deniz field in Azerbaijan will be completely restored Friday after disruptions caused by power generation problems.
The Pazflor oil project, based in block 17 deep-offshore Angola, is expected to start production as soon as September or October and should be inaugurated in November, a spokeswoman for French oil major Total SA said Thursday.
U.K. oil major BP PLC said Wednesday that output from its Shah Deniz field offshore Azerbaijan has been disrupted due to power generation problems.
At least nine international companies have submitted bids for oil and gas exploration blocks in Tanzania's Tanganyika rift basin and interest in the country's hydrocarbon sector continues to rise, the state-run Tanzania Petroleum Development Corp. said Saturday.
Total announces the launch of the Ekofisk South and Eldfisk II projects offshore in the southern Norwegian North Sea on Production Licence (PL) 018. Total holds a 39.90% interest in the licence.
Total announces the launch of the Ekofisk South and Eldfisk II projects offshore in the southern Norwegian North Sea on Production Licence (PL) 018. Total holds a 39.90% interest in the licence.
Oil major Total SA's Alwyn North oil and gas field has shut for routine maintenance, a spokesman for the company told Dow Jones Newswires Wednesday.
NEW DELHI -(Dow Jones)- Oil & Natural Gas Corp. and GAIL (India) Ltd. are working on a plan to buy at least a part of Exxon Mobil Corp.'s stake in Kazakhstan's Kashagan oil field, in yet another push by the South Asian country to secure energy assets for its expanding economy.
The Ugandan government has started a process to fast-track the development of an oil refinery in the next three years as it seeks to stabilize domestic fuel supplies and end expensive fuel imports, the Ugandan president said Tuesday.
Australia has deferred by a month a decision on whether to approve Inpex Corp.'s Ichthys liquefied natural gas project in the Northern Territory.
Tullow Oil PLC, a oil and gas exploration and production group, Monday said the Banda-1 exploration well in the West Cape Three Points license offshore Ghana has discovered oil in Cenomanian-aged reservoirs, and added that the Jobi-East-1 and Mpyo-3 wells, in Exploration Area 1, or EA1, onshore Uganda, have successfully encountered oil in line with pre-drill expectations.
Within the maze of gray tanks, pipes and machinery that make up this gigantic oil platform rising from the sea is a small red rectangle about the size of a wine bottle, with a rapidly clicking numeric panel. Rick Bullock, who runs Chevron Corp.'s deep-water production operations, calls it "the cash register."
Dutch tank storage service provider Royal Vopak NV and Spanish Enagas SA Thursday said they have reached an agreement to acquire 100% of the shares in the LNG import and re-gasification terminal in Altamira, Mexico from the current owners Royal Dutch Shell, Total SA and Mitsui & Co., LTD.
The Ugandan government is set to complete the feasibility study and the engineering design for the 600 megawatt Karuma hydroelectric power project during the 2011-12 (July-June) fiscal year in a bid to begin construction of the project, Uganda's finance and planning ministry said Monday.
French oil company Total SA plans to participate in Brazil's next auction of oil and natural gas exploration blocks as the company looks to expand in Latin America, the president of Total E&P do Brasil said Thursday.
The cost of developing the Shtokman Arctic gas and condensate field will "of course" rise along with increasing market prices, Andre Goffart, deputy chief executive of Shtokman Development AG said Thursday.
Bolivia is keen to bring in foreign investors to develop its growing natural gas industry, but will make sure that it gets a good deal and protects the country's resources from exploitation, President Evo Morales said Thursday.
Norwegian oil and gas major Statoil Wednesday said Samsung Heavy Industries Co. Ltd. got a NOK2.3 billion ($412 million) contract for construction of topsides at the Valemon platform in the North Sea.
French oil major Total SA said Friday it agreed with U.S. oil firm Exxon Mobil Corp. to seek shale gas in the Chelm and Werbkowice areas in Poland.
French oil major Total SA said it discovered new gas and condensate on the Aquio block in the Bolivian Andean foothills.
BHP Billiton Ltd. said Thursday it has begun producing gas from the Angostura gas project offshore Trinidad and Tobago.
France's lower house Wednesday approved a bill to ban drilling for shale gas and oil through the process known as hydraulic fracturing and canceled the rights granted to companies to seek unconventional hydrocarbons.
A fire at Total's 331,000 barrel-a-day Gonfreville refinery in northern France has halted operations at one of its distillation units, the French Oil major told Dow Jones Newswires Tuesday.
Leading natural gas producing companies operating in the U.K. Friday said they were "deeply concerned" that the government's tax hike announced in March would damage the economy, lead to project cancellations and increased dependence on imported energy.
French oil major Total SA will invest alongside Electricite de France SA in a liquefied natural gas terminal in Dunkirk, contributing 10% of the EUR1.5 billion investment, Chief Executive Christophe de Margerie said Tuesday.
French state-controlled power group Electricite de France SA Tuesday confirmed it plans be part of a project to build a methanol terminal in Dunkirk, northern France.
French oil major Total SA said it plans to acquire a 60% stake in SunPower Corp., a deal that values the U.S.-based solar-panel maker at $2.3 billion.
French oil major Total SA said Thursday it plans to acquire a 60% stake in SunPower Corp., a deal that values the U.S.-based solar-panel maker at $2.3 billion.
French energy company Total SA and Argentina's Tecpetrol, a unit of the Techint group, have struck gas in the Bolivian lowlands, Bolivia's state news agency ABI reported Wednesday.
French shale oil and gas fields are potentially some of the most promising in Europe and banning exploration before the reserves are assessed could be detrimental to France's economy and labor market, according to a preliminary report released Thursday.
The final investment decision on natural gas delivered by pipeline as well as on liquefied natural gas for the giant offshore Shtokman gas field will be made by December, Shtokman Development AG Chief Executive Alexei Zagorovsky said Tuesday.
In the latest turn in a longstanding multi-party tax dispute, London-listed Heritage Oil PLC said Monday it will vigorously defend itself against a claim from Tullow Oil PLC seeking $313.45 million for alleged breach of contract in Heritage's sale of some of its Ugandan interests to Tullow.
French oil company Total SA has signed an agreement to acquire the 50% it doesn't own in Tenesol, a solar energy operator, the company said Thursday.
Shareholders at Russia's Shtokman gas condensate field in the Barents Sea said Wednesday they have agreed on the technical design of the project and that a final investment decision will be made by the end of the year.
French Prime Minister Francois Fillon Wednesday said that permits granted to explore potential shale gas fields in France must be canceled and that the whole issue must be reviewed from the start.
Santos Ltd. has brushed off analysts' concerns that its $16 billion gas export venture in Queensland state will be delayed by looming skilled labor shortages, describing the project's construction schedule as "generous".
Disastrous leaks, a deeply unstable geopolitical situation, natural disasters, huge technological demands and a constant struggle for an ever shrinking pool of qualified staff. The operating environment for the oil majors is tougher now than it has ever been. It was not always so.
Four multi-billion dollar gas export ventures in Australia's Queensland state face possible delays and cost overruns due to a lack of available manpower, an industry analyst warned Monday.
Russian gas producer OAO Gazprom said Friday it will determine the route for its South Stream pipeline project by the middle of 2011.
U.S. oil company ConocoPhillips will start importing cargoes of liquefied natural gas into the U.K. after signing an agreement to access spare capacity at the country's South Hook import terminal, the terminal operator said in a statement Thursday.
Russia's second-biggest natural gas producer OAO Novatek, part-owned by France's Total SA, Thursday said its gas output in the first quarter rose 35% from a year earlier to 13.43 billion cubic meters.
Investments in Uganda nearly tripled to $601 million in the first quarter from $210 million in the same period last year, buoyed by increased foreign direct investment, the state-run Uganda Investment Authority said Thursday.
Nigerian company Conoil Plc. is the front-runner for a stake in one of Royal Dutch Shell's prized oil blocks in Nigeria, but the deal hasn't been finalized, according to two people familiar with the bidding.
French oil major Total SA said its oil production is to resume at normal levels in Gabon as soon as Tuesday, after it restarted operations Monday night following the end of a local workers' strike.
Petroleo Brasileiro SA's U.S. unit said Monday that it must fully investigate a problem encountered in a U.S. Gulf of Mexico oil and gas development before it can announce a start-up date for the project.
Eland Oil & Gas Limited and Starcrest Nigeria Energy Limited Friday announced that Elcrest Exploration and Production Nigeria Limited, a joint venture company of the Partners, has bid successfully for a 45% interest in licence OML 40, located in the Niger Delta, following an auction process conducted jointly by Shell Petroleum Development Company of Nigeria Limited, Total E&P Nigeria Limited and Nigerian Agip Oil Company Limited.
Major U.K. oil and gas producers said Thursday they will directly lobby Chancellor of the Exchequer George Osborne to mitigate the effects of a large tax increase on the industry, after a meeting earlier in the day with the energy minister and other senior government officials failed to allay their concerns.
Tullow Oil PLC said Wednesday it will sell stakes in three Ugandan oil blocks to China's Cnooc Ltd. and France's Total SA for a combined $2.9 billion, pushing forward a development that's set to transform Uganda into a major oil producer.
Canada's federal government proposed a plan to revamp environmental monitoring in the country's oil sands industry in response to critics of the current system.
Shale gas drilling in France won't be permitted until a complete assessment of potential environmental damage is carried out, French Environment Minister Nathalie Kosciusko-Morizet said Wednesday.
BG Group PLC said Wednesday that it has halted construction of a pipeline connecting gas fields in Queensland state to its planned US$15 billion gas export terminal on the coast due to environmental concerns.
Chicago Bridge & Iron Company N.V. announced today that the company has been selected by Yamal LNG LLC to provide front end engineering & design (FEED) services for the Yamal LNG project. The work is scheduled for completion in the first quarter of 2012.
Russia's biggest independent gas producer OAO Novatek will soon put a 25.1% stake in its Yamal LNG project up for auction and hopes to announce two or three new partners by the end of the year, the company's Chief Financial Officer Mark Gyetvay said Monday.
French energy giant Total SA will buy the entire 19.4% stake in Russian gas producer OAO Novatek from the company's two main shareholders, a Total spokesperson said Monday.
Total in a World First with Subsea Gas/Liquid Separation in 800 Meters of Water for the Pazflor Project in Angola
Begun in December 2007, development of the Pazflor oil field 150 kilometers offshore Angola is one of the biggest projects currently operated by Total. A number of technological challenges — including subsea gas/liquid separation, a world first — are being met to bring the field on stream successfully.
Russia's biggest independent gas producer OAO Novatek Friday said 2010 net profit rose 56% driven by growing gas production, rising prices and increasing domestic market share.
The oil market has enough supply to meet demand despite the output decline in Libya, although if consumption doesn't slow the market might become unbalanced in the near term, Christophe de Margerie, chief executive officer of French oil major Total SA, said Friday.
Tullow Oil PLC's second major oil development offshore Ghana, of the Enyenra and Tweneboa fields, could produce up to 125,000 barrels equivalent per day and start up in 2014, the company said Wednesday.
Total S.A. Chief Executive Christophe de Margerie said Tuesday that despite unrest in the Middle East and a shortfall of Libya's oil output, there is no shortage of oil in world markets.
Nord Stream AG, the Gazprom -led joint venture building an underwater pipeline from Russia to Germany through the Baltic Sea, said Friday it has secured EUR2.5 billion financing for the second stage of the project.
French oil major Total SA's commitment to the Russian liquefied natural gas extraction project in Shtokman is undiminished following the group's $4 billion transaction to buy a stake in Russian gas producer OAO Novatek and to join a massive Arctic gas project, a spokeswoman for the company said Thursday.
French energy giant Total SA has secured a $4 billion deal to buy a stake in Russian gas producer OAO Novatek and to join a massive Arctic gas project, in another sign that Russia is opening up foreign investments to its vast energy resources.
French oil major Total SA expects its Mabrouk oil field in Libya gradually to come to a halt amid the political and social unrest in that North African state.
A consortium led by BP PLC that is operating the massive Azeri-Chirag-Gunashli oil project in the Azerbaijani sector of the Caspian Sea produced on average 823,100 barrels of oil a day in 2010, below a previous target of 854,000 barrels, BP said Wednesday.
Germany's BASF SE said Tuesday it plans to sell major parts of its fertilizers activities, including production plants in Antwerp, Belgium and BASF's 50% share of the joint venture PEC-Rhin in Ottmarsheim, France.
China has agreed to buy unconventional gas sourced from coal seams from a A$35 billion venture owned by ConocoPhillips and Origin Energy Ltd., as the powerhouse Asian economy continues to diversify its energy supplies to fuels that burner cleaner than coal.
Austrian oil and gas company OMV AG said late Tuesday it expects the civil unrest in Libya to result in a reduction of its production in the North African country.
Russian oil giant OAO Rosneft is pushing a major expansion of its offshore exploration business through talks with global companies about new ventures in the Arctic and West Africa, said the company's First Vice President Pavel Fedorov Monday.
BP PLC said Monday it was suspending preparations to drill in the Libyan desert as its contractors pull out due to unrest in the country.
Seeking to strengthen its access to the European market, Indian energy company Essar Energy PLC said Friday it has entered into an exclusivity agreement with Royal Dutch Shell PLC for a proposed $350 million acquisition of the oil major's Stanlow refinery in England.
Formosa Petrochemical Corp., a private Taiwanese refiner, will skip term exports of 10-parts-per-million-sulfur gasoil in 2011 due to a major fire in July that damaged its No. 2 residue desulfurization unit, two people familiar with the matter said Friday.
The giant Shtokman gas project in Russian Arctic waters faces new delays due to low gas demand and disagreements between shareholders over the project's design, government and company officials said Thursday.
French energy group Total SA is in talks with Russia's OAO Rosneft about joint offshore projects in the Barents Sea and Black Sea, Total's chief representative in Russia, Pierre Nerguararian, said Wednesday.
French oil major Total SA Tuesday said production has started at the Itaú gas and condensate field located on Block XX (Tarija Oeste) 400 kilometres south of the city of Santa Cruz in the Andean Cordilleras foothills in Bolivia.
Brazilian state-run energy giant Petroleo Brasileiro, or Petrobras, said Tuesday that it started production on Feb. 2 at the recently acquired Itau natural-gas field in Bolivia.
Brazil's National Petroleum Agency, or ANP, approved earlier this week the purchase of a 20% stake in an ultra-deepwater offshore block by French oil company Total SA.
French oil major Total SA would be happy to partner French state-controlled power giant Electricite de France SA on international nuclear projects, Total's head of gas and power division Philippe Boisseau said Friday.
Russian state gas firm OAO Gazprom expects commercial production at its giant Shtokman gas condensate field in the Barents Sea to begin by the end of 2016 or in early 2017, an analyst attending the company's investor day meeting on Friday told Dow Jones Newswires.
Uganda will open a new round of licensing for oil exploration companies to operate in its oil-rich Lake Albertine rift basin later this year as it seeks to accelerate the development of its oil sector, Uganda's prime minister said Wednesday.
France oil major Total SA is "eager" and "anxious" to commence the development of Ugandan oil assets, as it seeks to expand its African operations, a company executive said Wednesday.
Uganda is planning to build a $2 billion oil refinery to supply refined fuel products for local and regional markets, Uganda's permanent secretary at the ministry of energy and minerals development said Monday.
Norwegian oil giant Statoil ASA Thursday said it will reduce its gas production at the Troll field from Thursday afternoon due to repair works.
Tullow Oil PLC is "approaching the finishing line" in talks with the Ugandan government to resolve a tax dispute that has held up for months its plans to bring in new partners to develop oil discoveries there, the company's chief financial officer, Ian Springett, said Thursday.
Saipem SpA, Europe's biggest oil services company by market value, Wednesday said it has secured new offshore and onshore drilling contracts worth about $320 million.
Total SA Chief Executive Christophe de Margerie warned a too rapid rise in oil prices could be harmful, although he said current prices are beneficial for the industry.
Syria's crude oil production increased 2.5% in 2010 to 386,000 barrels a day, compared with 376,600 barrels a day the previous year, official figures showed.
Chevron Corp. said Tuesday it has struck oil in two deepwater exploration wells off the coast of the Republic of Congo, potentially adding new crude reserves to an existing development there.
French oil major Total SA Tuesday said discoveries have been made in the Moho-Bilondo License in the Republic of the Congo that suggest a potential extension of phase 1 which is already producing in the southern part of the Moho-Bilondo license.
Angola Monday granted rights in offshore blocks to western oil companies, reviving a licensing effort bogged down for over two years as prices rise close to a $100 a barrel.
Brazilian state-run energy giant Petroleo Brasileiro, or Petrobras, plans to look for oil and natural gas in new three fields in Bolivia, an official from the Andean nation said Wednesday.
Total Petrochemicals Inc. cut production rates at several process units at its oil refinery in Port Arthur, Texas, because of a mechanical problem at the plant's Unibon unit.
French oil major Total SA Friday said it has acquired interests in four exploration licenses in Argentina in partnership with YPF in order to appraise their shale gas potential.
Azerbaijan committed Thursday to supply natural gas to the European Union, the first written pledge paving the way for Europe's bid to tap the huge Caspian energy reserves, as the bloc seeks to diversify its supply sources.
French oil major Total SA and its partners Santos, Petronas and Kogas announce the sanction of the GLNG project in Australia, representing a 16 billion dollars investment.
French oil major Total SA is currently in discussions with a preferred bidder to sell its U.K.-based refinery in Lindsey, a person familiar with the matter told Dow Jones Newswires Thursday.
China is set to start construction work on a $350 million toll road from Uganda's Entebbe Airport to the capital Kampala in July in a bid to reduce congestion on the existing road, Ugandan officials said Thursday.
Strong demand for skilled labor from resource projects and to rebuild Queensland after widespread flooding in recent weeks may impact wages in coming years, Australian Resources & Energy Minister Martin Ferguson said Thursday.
In a move to capitalize on rapidly growing energy demand in Asia, a consortium led by Santos Ltd. gave final approval Thursday to a US$16 billion liquefied natural gas terminal in Australia's flooded Queensland state.
Total Petrochemicals USA said Wednesday that a mechanical failure at Sulfur Recovery Unit 1 at its oil refinery in Port Arthur, Texas, caused a brief period of emissions at two flares and several process heaters at the 232,000 barrel-a-day plant.
Technip SA said Wednesday that it has received contracts to supply cable and optic fiber connections to the offshore operations of oil major Total SA in Angola.
French oil major Total SA announced it made a new gas and condensate discovery in the West of the Shetland Islands on the United Kingdom Continental Shelf, close to the currently under development Laggan and Tormore fields.
The Ugandan government is planning to develop an oil refinery on a public-private partnership basis when oil production commences in the next couple of years, the Ugandan president said late Saturday.
Total SA has agreed to transfer the management of two Angola offshore blocks to state oil company Sonangol, a spokesman for the African company said Friday.
Total SA is in talks to enter an oil block owned by South African companies in Eastern Congo, people familiar with the matter said this week as majors show renewed interest in the resources-rich African nation.
Corporate Venture, a unit of French oil company Total SA, Tuesday said it has acquired an interest in Chicago-based Elevance Renewables Sciences Inc. which develops technology to convert renewable oils into performance chemicals.
French oil giant Total Friday said it has signed agreements to form a strategic alliance related to oil sands in Canada with Suncor Energy Inc.
French oil giant Total Friday said it has signed an agreement with Santos to buy a 7.5% interest in the Gladstone liquefied natural gas project for $281.3 million, bringing its stake in the project to 27.5%.
Erasing doubts about Asian buyers' appetite for natural gas sourced from coal seams, a major Australian gas export venture said Friday it has sales deals worth US$120 billion in place after signing up Korea Gas Corp. as a major customer.
PT Pertamina Friday signed deals with two foreign partners to jointly develop the offshore East Natuna Block, paving the way to extract natural gas from the massive block located in the South China Sea.
Santos Ltd. said Friday that it has sold a 15% interest in the Gladstone liquefied natural gas project to Korea Gas Corp. and France's Total S.A. for A$665 million.
Korea Gas Corp., or Kogas, is nearing a multibillion natural gas deal with Santos Ltd., delivering the latest vote of confidence in Australia's fledgling coal seam gas industry.
The Chevron Corp.-led Caspian Pipeline Consortium Wednesday agreed to spend $5.4 billion to more than double capacity at the pipeline, an essential part of Kazakhstan's ambitious plans to export more crude from its massive Karachaganak and Tengiz fields.
Brazilian state-run energy giant Petroleo Brasileiro, or Petrobras, confirmed Tuesday that it will buy a 30% stake in a natural gas field in Bolivia, expanding the federal oil company's footprint in the Andean nation despite political uncertainties.
Statoil said Tuesday it has decided to install a new compressor module on the Kristin platform together with the Kristin and Tyrihans licence owners.
Oil prices under $80 a barrel will make it difficult to invest in some production projects needed to meet global energy demand, Total SA Chief Executive Christophe de Margerie said Friday.
Canada's Suncor Energy Inc. Friday announced it plans to more than double its oil sands output over the next decade, to more than 1 million barrels a day of oil equivalent.
Russia said Wednesday it may revive the practice of production-sharing agreements for new oil and gas projects, as it seeks to attract foreign oil majors to partner in remote areas, indicating a radical change to the government's current position on partnership deals.
YPF SA, the Argentine unit of Spain's Repsol YPF SA, said Tuesday it has made a major unconventional gas find that could significantly boost Argentina's proven gas reserves.
French chemicals company Arkema SA Tuesday said it plans to buy a package of assets from cross-town oil major and former parent company Total SA, for an enterprise value of EUR550 million.
Technip SA signed a contract with French oil major Total SA to increase the capacity of the hydrocracker at the Normandy refinery located in Gonfreville, France. This project, which is part of a larger investment plan for the refinery, is valued at more than €100 million (of which Technip's share is 20%).
Italy-based Eni Spa has written to the Ugandan government seeking a meeting with President Yoweri Museveni over its interest in the country's oil licenses in the Lake Albertine Graben, Uganda's energy and minerals minister said Tuesday.
A consortium led by U.K. oil major BP PLC will spend around $3 billion to increase capacity at a pipeline in Azerbaijan carrying natural gas from the second stage of the huge Shah Deniz field in the Caspian Sea, the company said Tuesday.
French oil major Total SA Tuesday said it launched the second phase of its West Franklin field in the North Sea which will require $1 billion in investment and will start output in late 2013.
PT Pertamina has chosen three partners to develop the offshore Natuna D Alpha block, paving the way for the extraction of natural gas from the massive block located in the South China Sea, an official with the Indonesian state-owned oil and gas company said Tuesday.
Statoil Wednesday said the company and its partners has decided to develop the Smorbukk North-East field, located in the Norwegian Sea, as a satellite to the Asgard B platform.
Total SA shut its Elgin gas platform in the North Sea early Tuesday due to an unspecified "minor technical issue," the company said.
French oil major Total SA (TOT) said Thursday it has won approval from U.K. and Norwegian regulators to develop its Islay natural gas field in the North Sea, which it said could contain reserves equivalent to nearly 17 million barrels of oil.
Negative perception of Canada's oil sands could slow its growth if the industry doesn't make a compelling case for continued development, a report by the U.S. consulting firm Deloitte says.
LONDON -(Dow Jones)- The Jubilee field offshore Ghana will start up early next month and will be producing 50,000 barrels of oil a day before the end of the year, said field operator Tullow Oil PLC (TLW.LN) Wednesday.
French oil and gas major Total SA (FP.FR) and insurer AXA SA (CS.FR) will sign cooperation agreements among a large number of contracts to be signed during a state visit to France by Chinese President Hu Jintao later this week, an official involved in preparing Hu's visit said Wednesday.
PARIS -(Dow Jones)- French oilfield service company Technip (TEC.FR) signed a contract with French oil major Total SA (TOT) to build a gas-fired power in plant in Yemen.
KAMPALA, Uganda--In a national address to launch his party's manifesto ahead of 2011 presidential elections, Uganda President Yoweri Museveni Monday said Tullow Oil PLC (TLW.LN) must pay a long-disputed tax bill in order for Uganda to approve Tullow's deal with China's CNOOC (CEO) and French oil major Total SA (TOT).
NEW DELHI -(Dow Jones)- State-run Indian explorer Oil & Natural Gas Corp. (500312.BY) has received a proposal from investment bankers to buy Exxon Mobil Corp.'s (XOM) stake in Angola's Block 31 oil field, a senior executive at ONGC's overseas exploration unit said Monday.
Japan's Inpex Corp. said Monday that it has invited tenders to build a processing facility at its Ichthys liquefied natural gas project, as well as confirming that a final investment decision for the multi-billion dollar venture remains on track for late next year.
Brazilian oil giant Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, announced late Friday a new oil discovery in the Cabaca Sudeste-2 area of the 15/06 oil block off the coast of Angola.
French oil major Total SA (TOT) Friday posted a 32% increase in its net adjusted profit for the third quarter, slightly beating expectations amid higher crude oil prices and increased output thanks to the ramp up of new projects and better natural gas production than expected.
Seven French refineries are ready to restart operations should the Fos-Lavera oil port strike end and crude oil supplies resume, the head of the national oil industry association UFIP said Thursday in an interview with a local radio.
Oil majors from India, China and Europe have expressed interest in building Uganda's first refinery, said the east African country's minister of state for energy Wednesday.
Petrofac Limited (PFC.LN), an international oil and gas facilities service provider, said Wednesday it has been awarded a contract worth in excess of GBP500 million by Total S.A. (FP.FR) subsidiary E&P U.K. Limited (Total) for the development of a gas processing plant on the Shetland Islands.
Santos Ltd. (STO.AU) said Monday it will supply conventional natural gas from assets in central Australia to its gas export joint venture in Queensland state, dousing concerns the massive project will experience a gas supply shortage.
Kazakh President Nursultan Nazerbayev will this week visit Brussels and Paris, aiming to strengthen economic ties between the resource-rich central Asian nation and the European Union.
Statoil said late Thursday that the plan for development and operation (PDO) of the Valemon field in the North Sea has been submitted to the Ministry of Petroleum and Energy with the goal of starting production in 2014.
French oil major Total SA Friday said it has signed a deal with Yam's Petroleum to acquire a 60% interest in the CI-100 deepwater exploration license in Ivory Coast.
French oil major Total SA Friday confirmed that an appeal court in Paris ruled it could resume its operations to transform its Flanders refinery, near Dunkirk in Northern France, into a storage unit, overruling a previous court's decision that ordered Total to stop its 137,000-barrel-a-day refinery restructuring and to resume refining operations.
Australia has approved the development of two gas export terminals in Queensland estimated to be worth at least A$30 billion combined but with strict environmental management conditions, paving the way for two rival projects to also get the green light.
Africa-focused oil and gas company Afren PLC Thursday said its Nigerian unit agreed to buy a stake in oil fields in Nigeria from Royal Dutch Shell, Total SA and Eni S.p.A..
Origin Energy Ltd. (ORG.AU) is confident cancer-causing chemicals in gas wells won't disrupt the construction of its massive gas export project in Queensland with ConocoPhillips (COP.AU).
Santos Ltd. said Friday that it has boosted funding raised through European hybrid markets by EUR350 million to EUR1 billion, potentially reducing the size of any share issue needed to fund its share of construction of two giant gas export projects.
Iraq is in the final stages of agreeing on a draft of its $12 billion gas contract with Royal Dutch Shell PLC, the country's oil minister said Wednesday, allaying fears the project was mired in a legal dispute.
French oil giant Total SA announces that its affiliate Total E&P Borneo and its partners made a significant new gas and condensate discovery in Block B offshore Brunei.
French oil major Total SA (TOT) agreed to transfer a 20% stake in the Bolivian Ipati and Aquio gas project to Russia's Gazprom (GAZP.RU), the French company said Tuesday in a statement.
Canadian Prime Minister Stephen Harper said Friday that Canada's oil sands industry may be required to make environmental fixes if a federal panel finds problems with monitoring.
Total SA and Royal Dutch Shell PLC discreetly contacted Iranian authorities last week, seeking to reassure the Islamic Republic after telling the U.S. they have no plans for further investments for now, people familiar with the matter said in recent days.
Origin Energy Ltd. and joint venture partner ConocoPhillips are considering halving the size of the foundation stage of their liquefied natural gas project in Queensland state due to a regional oversupply of the fuel, Citigroup analysts said Tuesday.
Natural gas prices are likely to remain depressed next year because of a high level of supply compared with demand in the industry, GDF Suez executive vice president Jean Marie Dauger said Monday.
French oil major Total SA (TOT) Thursday said its Total E&P Vietnam unit and partners on block 15-1/05 have discovered oil in the Lac Da Vang prospect, located in the southern part of the block in the Vietnamese offshore.
France's Total SA said Wednesday that it plans to sell some of its share in the Ichthys gas project offshore Western Australia to future buyers of the project's liquefied natural gas.
The Brazilian unit of Royal Dutch Shell PLC discovered oil in the Santos Basin during the company's first exploration attempt in the region famous for its deepwater discoveries, the company said Tuesday.
Santos Ltd. said Friday that it has raised EUR650 million, or about A$900 million, from a hybrid issue to fund its share of the construction of a giant liquefied natural gas project in Queensland state.
French oil major Total SA Wednesday said project start-ups from 2009 to 2014 should produce around 800,000 barrels of oil equivalent, numbers that confirm previous targets to attain a 2% annual average production increase, according to a company presentation at an analyst conference in London.
French oil major Total SA Wednesday said project start-ups from 2009 to 2014 should produce around 800,000 barrels of oil equivalent, according to slides to be presented later in the day at an analyst conference in London.
Total SA's Yemen LNG project said its pipeline was the target of a failed attack Monday but that liquefied natural gas production continued.
Perupetro, Peru's state licensing agency for hydrocarbon exploration, said Canada's Talisman Energy Inc. (TLM, TLM.T) is among several companies that plan to bid for 25 new hydrocarbon lots.
Santos Ltd. said Thursday that it has sold 15% of a proposed liquefied natural gas joint venture in Queensland state to Total S.A. for A$650 million, giving the French oil giant a foothold in its second Australian gas export project.
The Syrian government has extended the deadline for the bid round for eight onshore blocks to Dec. 8 from Sept. 15, the Syrian oil ministry said on its Website.
French oil major Total SA (TOT, FP.FR) Chairman and Chief Executive Christophe de Margerie on Wednesday declined to comment on the price offered by Sanofi Aventis (SNY) for U.S. biotech Genzyme Corp (GENZ).
The Nigerian National Petroleum Corp., or NNPC, and LNG Japan Corporation have begun preliminary discussions aimed at collaborating on the Brass liquefied natural gas, or Brass LNG, project, the corporation said in a statement on Wednesday.
Russian gas producer OAO Novatek said Tuesday it has temporarily suspended talks with potential foreign partners at Yamal LNG, as it awaits a green light from the government to go ahead with the project.
French oil giant Total S.A. Monday said the three units of its Donges refinery, which had been shut following a fire Aug. 3, will restart operations this week.
The second phase of development of the giant Kashagan oil field in the Caspian Sea has been postponed until 2018-2019, the chief executive of Kazakh oil and gas company KazMunaiGas said Thursday, according to the state wealth fund.
French oil giant Total SA Wednesday said it is launching the development of its Clov oil field project in Angola's deep offshore Block 17.
Iran Monday confirmed it was suspending a liquefied-natural-gas project for which it had been in talks with Total SA, as it shifts focus to pipeline exports instead.
Iran is suspending some liquefied natural gas projects, including Persian LNG, and shifting focus on pipeline exports instead, the head of the country's state oil company was quoted as saying Saturday.
Spanish oil company Compania Espanola de Petroleos SA, or Cepsa, Thursday said its La Rabida refinery in Huelva, southwest Spain, was running at 90,000 barrels a day after a fatal fire there Wednesday.
Anadarko Petroleum Corp. said Wednesday it is planning to announce a joint venture in the Eagle Ford Shale in south Texas by year-end and that first production of its three mega-projects in Ghana, the Gulf of Mexico and Algeria is on schedule.
Norwegian energy company Statoil ASA said Wednesday that the consortium operating the Shah Deniz 2 gas field in Azerbaijan plans to begin bilateral talks with potential customers over the supply of around 10 billion cubic meters of gas a year.
BEIJING -(Dow Jones)- U.S. oil major Exxon Mobil Corp. (XOM) is in talks with PetroChina Co. (PTR) to jointly explore and develop an unconventional gas block in the resource-rich Ordos basin in north China, a person who has direct knowledge of the matter told Dow Jones Newswires.
Russian natural gas producer OAO Novatek (NVTK.RS) said Tuesday a threat by a federal agency to revoke a license held together with France's Total SA (TOT) to develop a gas condensate field in Russia's Arctic region is based on a "misunderstanding."
After months of delay, Heritage Oil PLC (HOIL.LN) said Tuesday it has completed the sale of its two Uganda oil blocks to Tullow Oil PLC (TLW.LN) for $1.45 billion and said it intends to pay a special dividend of up to 100 pence a share next month.
Russian natural gas producer OAO Novatek (NVTK.RS) and French energy giant Total SA (FP.FR, TOT) face possible revocation of their license to develop a gas condensate field in Russia's Arctic region, business daily Vedomosti reports Tuesday.
ConocoPhillips (COP) Thursday scrapped plans to upgrade its 260,000 barrel-a-day Wilhelmshaven oil refinery in Germany, which will result in a non-cash impairment charge of $1.1 billion after tax to the company's second-quarter earnings.
Federal regulators have approved a pipeline connection between a new liquefied natural-gas import terminal under development in Mississippi and existing pipeline systems that bring gas to eastern U.S. markets.
Five companies Friday were fined a total of GBP9.5 million for their involvement in a massive fire and explosions at the Buncefield oil storage depot in Dec. 2005--the largest blaze in peacetime Europe, U.K. safety and environment regulators said.
Nexen Inc. posted stronger second-quarter results on higher oil prices, reported continued improvement in production from its Long Lake oil sands project and said it will sell C$1.5 billion in assets, exceeding its original C$1 billion goal.
French oil and gas major Total SA (FP.FR) said Thursday it has acquired Chevron Corp's (CVX) 45.9% stake to explore for hydrocarbons in Block 1 in the Joint Development Zone governed by Nigeria and Sao Tome and Principe.
French oil major Total SA (TOT) has declared Force Majeure at the Girassol crude oil platform in Angola because of a technical problem, a company spokesman said Wednesday.
Brazilian state-run energy giant Petrobras (PBR, PETR4.BR) announced late Monday, a new oil discovery in Block 15/06, located offshore Angola.
Eni SpA (E) said it had made a major oil discovery in an exploration well located 100 kilometers off the coast of Angola.
French oil major Total SA (TOT) is contesting a court decision ordering it to restart its 137,000-barrel-a-day refinery in Dunkirk, northern France, a spokesman for the company said Monday.
The Gbaran-Ubie project operated by Shell Petroleum Development Company, or SPDC, in Nigeria's oil-rich Niger Delta has begun producing oil and gas for export and domestic use, the company said Wednesday.
Total S.A. (TOT, FP.FR) is increasing its clean technology venture investing in Europe and North America, as it seeks to diversify outside of oil, according to a senior official at the French company.
Around 240 workers at Total SA's 200,000-barrel-a-day Lindsey refinery in Immingham, eastern England, have been told not to come to work while the company cleans up the site of a fatal fire last week, the company said Wednesday.
Around 240 workers at Total SA's (TOT) 200,000-barrel-a-day Lindsey refinery in Immingham, eastern England, have been told not to come to work while the company cleans up the site of a fatal fire last week, the company said Wednesday.
French oil major Total SA Wednesday said it has agreed to buy UTS Energy Corp.'s main asset, a 20% stake in the Canadian Fort Hills mining project, an acquisition that would cost it around C$1.15 billion.
Shares in Heritage Oil Ltd. rose 6% after Tullow Oil PLC said it believes it will receive approval from the Ugandan government Tuesday to purchase Heritage's Lake Albert oil licenses for up to $1.5 billion.
AIX-EN-PROVENCE, France -(Dow Jones)- Total SA Chief Executive Christophe de Margerie Friday said now isn't the moment to be looking to cherry-pick assets from BP PLC which is suffering the fallout from its oil spill in the Gulf of Mexico.
Colas, a road-building unit of France's Bouygues SA, said Friday it has acquired Societe de la Raffinerie de Dunkerque from Exxon Mobil Corp. and French oil and gas major Total SA.
After 28 years of joint administration, Thursday handed over the operation of the Cupiagua field in Colombia to its partner, state-controlled oil firm Ecopetrol SA.
The European Commission Thursday cleared Total Petrochemicals Feluy, a polymer production plant in Feluy, Belgium, to buy the polystyrene production lines of Italian petrochemical company Polimeri Europa at Feluy.
French oil giant Total SA Wednesday said it is acquiring a 20% interest from Royal Dutch Shell PLC in the BM-S-54 license in the Santos Basin, Brazil.
Police and the U.K. safety regulator are investigating a fire and explosion at Total SA's (TOT) 200,000-barrel-a-day Lindsey oil refinery in eastern England Tuesday in which one person was killed.
French oil major Total SA (TOT, FP.FR) Wednesday said a French appellate court has obliged it to continue refining operations for now at its mothballed Flandres refining complex, near Dunkirk.
The Ugandan president held talks with executives of China's Cnooc Ltd., France-based Total SA and UK-based Tullow Oil PLC over their investment proposals in the country's upcoming oil sector, the Ugandan presidency said late Friday.
Executives at oil major Total SA (TOT) and power utility Electricite de France (EDF.FR) will meet Christian Estrosi, junior industry minister, next week to discuss plans for a project to convert Total's oil refinery in Dunkirk, northern France, into a methane terminal, a statement released by Estrosi's press office said Friday.
Peru will auction the rights to seek oil and gas in 25 areas in October, Daniel Saba, the head of Peruvian oil licensing agency Perupetro, said Thursday.
Saudi Aramco Total Refining and Petrochemical Company, a company that is 62.5% owned by Saudi Aramco and 37.5% owned by French oil major Total SA (TOT), said Friday that it has signed the finance documents for $8.5 billion of senior project finance facilities that have been secured for the Jubail refinery in Saudi Arabia.
Congo's government has declined to ratify U.K.-listed Tullow Oil PLC's (TLW.LN) licenses for two key oil exploration blocks, instead awarding them to companies owned by a relative of South African President Jacob Zuma.
French oil and gas major Total SA (TOT) said Thursday that an exploratory well on an offshore permit it shares with Conoil PLC's (Conoil.LA) Conoil Producing Ltd. has discovered hydrocarbons in the central portion of the Oil Mining Lease OML 136, offshore western Nigeria.
Amyris Inc. has strengthened its position for public-market investors with $138.6 million in new funding and half a dozen corporate partnerships, including one that makes an affiliate of French oil and gas giant Total SA (TOT, FP.FR) its largest stockholder.
India's Reliance Industries Ltd. (500325.BY) agreed to buy 45% of Pioneer Natural Resources Co.'s (PXD) acreage in the Eagle Ford natural-gas shale for $1.35 billion, a person familiar with the deal said Tuesday.
The first Japanese oil-exploration efforts in Peru are set to begin, with Inpex Corp. (IPXHY, 1605.TO) taking a 25% interest in one northern jungle block, said the Peruvian state licensing agency for hydrocarbon exploration.
Heritage Oil PLC (HOIL.LN) Thursday said it would seek arbitration to resolve a tax dispute with Uganda's government that is holding up the sale of stakes in two oil blocks to Tullow Oil Ltd. (TLW.LN).
FRANKFURT -(Dow Jones)- German engineering company Siemens AG (SI) said Thursday it has signed an agreement with Russian natural gas monopoly Gazprom OAO (GAZP.RS) to cooperate on liquefied natural gas, or LNG, technology.
The Ugandan president has asked Dubai-based Africa Middle East Resources to submit a bid and compete for investment opportunities in the country's upcoming oil sector, the presidency said Sunday.
U.K.-based Tullow Oil PLC (TLW.LN) would not object to the disclosure of oil production sharing agreements signed with the Ugandan government, a company executive said Friday.
Total SA's (TOT) 200,000-barrel-a-day Lindsey refinery in the U.K. is partially shut for two months of maintenance, the company said Tuesday.
There is no need for a moratorium on drilling for oil and gas in deep water in the West of Shetland area of the U.K. North Sea despite safety concerns raised by BP PLC's (BP) disaster in the Gulf of Mexico, U.K. Energy Minister Charles Hendry said Tuesday.
France's Total SA (TOT) expects the Chinese government to approve its joint-venture South Sulige gas project in China "in a few months", a senior company official said Tuesday.
Perupetro, Peru's state licensing agency for hydrocarbon exploration, said France's Total S.A. (TOT, FP.FR) and U.S. company ConocoPhillips (COP) are among the companies interested in bidding for 25 new hydrocarbon lots.
PFC Energy has advised the Ugandan government to approve a proposed partnership between U.K.-based Tullow Oil PLC (TLW.LN), China-based Cnooc Ltd.(CEO) and France-based Total SA (TOT) for the development of the country's oil fields in the lake Albert basin, the Ugandan presidency said Thursday.
Azerbaijan may launch the second stage of the BP PLC (BP)-led Shah Deniz field in the Caspian Sea in 2014, two years earlier than planned, Khoshbakht Yusifzade, vice president of Azeri state oil company Socar, said Thursday.
SKEC has been awarded Package 5B for the Jubail Export Refinery Project by SATORP on July 7, 2009.
ConocoPhillips [NYSE:COP] today announced the approval of an investment of approximately $400 million (£210 million) to expand the capacity at its Immingham Combined Heat and Power (CHP) plant in the United Kingdom by 450 Megawatts (MW), from 730 MW to 1,180 MW.