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NEWS |
Global M&A and raising activity in the upstream sector totaled US$63.4bn in Q3 2019, says GlobalData
Global merger and acquisitions (M&A) and raising activity in the oil and gas upstream sector totaled US$63.4bn in Q3 2019, representing a 50% decrease from the US$126.8bn in M&A and capital raising de (...)
NEWS |
Majors’ global selling spree could fetch $27 billion
Global giants of the oil and gas industry – the so-called supermajors – are looking to sell assets that could fetch a total $27.5 billion, according to Rystad Energy’s latest assessment.
NEWS |
Bourbon awarded new integrated logistics contract by Total in Namibia
Bourbon Marine & Logistics has been awarded by Total E&P Namibia an integrated logistics contract to support a deep offshore exploration campaign in South Namibia in 2020.
NEWS |
Total’s emissions plan won’t meet Paris goals say shareholder activists
A new report from oil and gas giant Total called ‘Integrating Climate Into Our Strategy’ shows the company is not on track to comply with goals set out in the 2040 Paris Climate Agreement, say a group (...)
NEWS |
Total awards contracts for 2D and 3D seismic programmes offshore South Africa
French oil and gas firm Total has awarded contracts for new 2D and 3D seismic programmes on Block 11B/12B, located in the Outeniqua Basin 175km off the southern coast of South Africa.
NEWS |
Nigeria: Total Planning to Sell $750 Million Stake in Major Nigerian Oil Block
Total is seeking to sell its 12.5 per cent stake in a major deepwater oilfield off the coast of Nigeria, industry and banking sources have said.
NEWS |
Total steps up Brulpadda gas exploration
Integrated oil and gas company Total says it has seen renewed exploration interest by a range of partners in its Brulpadda discovery of a potential one-billion barrels of gas in the Outeniqua basin, 1 (...)
NEWS |
Shearwater GeoServices awarded South Africa seismic project by Total
Shearwater GeoServices (Shearwater) has been given a conditional letter of award for a 2D seismic acquisition and fast-track processing project by Total E&P South Africa B.V.
NEWS |
Total Sells Interest In Offshore Brunei Block To Shell For $300 Million
French oil major Total said it signed an agreement to sell the company’s wholly owned subsidiary Total E&P Deep Offshore Borneo BV—which holds an 86.95% interest in Block CA1, located 100 km off the c (...)
NEWS |
Equinor awarding Hywind Tampen contracts worth NOK 3.3 billion
On behalf of the Gullfaks and Snorre partners, Equinor today signed contracts totalling around NOK 3.3 billion for the Hywind Tampen wind farm development.
NEWS |
Eco Atlantic Oil & Gas and partners start preparing new drill plans for Guyana
Eco Atlantic Oil & Gas Ltd has told investors that alongside partners Tullow Oil and Total SA the company is reviewing the forward drilling strategy in Guyana following back-to-back discoveries in the (...)
NEWS |
SBM Offshore to buy Constellation’s stakes in five Brazilian FPSOs for $150m
SBM Offshore has prevailed in a public sale auction to acquire the minority ownership held by Serviços de Petróleo Constellation across five Brazilian floating production, storage and offloading vesse (...)
NEWS |
Total increases oil production in Block 17, offshore Angola
The French Oil company Total said it spent USD 2.5 billion on three new projects in 2018 to increase the production of more 100,000 barrels of oil per day in block 17 in the Angolan offshore.
NEWS |
SBM Offshore completes US$1.14 billion financing of Liza Unity FPSO
SBM Offshore has completed the project financing of FPSO Liza Unity for a total of US$1.14 billion.
NEWS |
Energean To Sell Edison E&P UK, Norway Assets For USD280 Million
Energean Oil & Gas PLC said Monday it has agreed to sell Edison Exploration & Production SpA's UK and Norwegian assets to Neptune Energy Group Holdings Ltd for USD280 million in total.
NEWS |
Cargo number 1000 from Hammerfest LNG
Cargo number 1000 is celebrated today at the Hammerfest LNG plant on Melkøya, “the Snøhvit plant”. The cargo consists of 140 500 cubic metres of liquefied natural gas (LNG). Total sales value of all t (...)
NEWS |
Cost changes in projects on the Norwegian continental shelf
Equinor is the operator for 21 projects in the implementation phase, with a total investment of around 210 billion kroner. 20 of these are on the Norwegian shelf or at Norwegian onshore facilities.
NEWS |
US set to contribute 85% of North America’s liquids storage capacity growth by 2023, says GlobalData
The US is set to drive most of the liquids storage capacity growth in North America with its planned and announced (new-build) terminals, contributing around 85% of the regions’ total growth between 2 (...)
NEWS |
Johan Sverdrup, the North Sea giant, is on stream
On 5 October Equinor and the Johan Sverdrup partnership consisting of Lundin Norway, Petoro, Aker BP and Total, started production from the giant field in the North Sea, more than two months ahead of (...)
NEWS |
Equinor captures value from German offshore windfarm
Equinor has entered into an agreement to sell a 25% ownership interest in the Arkona offshore wind farm to funds advised by Credit Suisse Energy Infrastructure Partners AG for a total amount of approx (...)
NEWS |
Oil major Total closes purchase of Anadarko's Mozambique LNG asset
French oil major Total has completed the acquisition of Anadarko’s 26.5% stake in Mozambique’s liquefied natural gas project for $3.9 billion, Total said on Monday, in a deal expected to raise much-ne (...)
NEWS |
Oil and Gas Bankruptcies Rising
According to Haynes and Boone, LLP’s August 2019 Oil Patch Bankruptcy Monitor, there has been an increase in the number of oil and gas bankruptcy filings, especially since May of 2019 – 26 exploration (...)
NEWS |
Total inks long-term charter for high-efficiency LNG newbuild
Greece’s TMS Cardiff Gas has struck a long-term charter agreement with Total Gas & Power for one of its 11 ‘X Carrier Series’ LNG carriers under construction in South Korea
NEWS |
Total betting on LNG strategy in emerging economies
The French energy major Total is aggressively moving to diversify and scale its liquefied natural gas operations to reach seemingly every corner of the global market — with exports from the U.S. Gulf (...)
NEWS |
Total, Eni stake new claim in Cyprus gas and oil search
Energy giants Total and Eni have joined forces to explore and exploit another oil and gas block up for grabs offshore from Cyprus, Cypriot authorities said Wednesday (18 September).
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