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NEWS |
Total revises UK North Sea assets sale
French oil major Total said Wednesday it has rearranged financial terms of its sale of UK assets to NEO Energy, which includes the exit of Oman’s Petrogas from the deal.
NEWS |
Price Drop Triggers Haggling Over Oil and Gas Deals
The collapse in oil prices to 21-year lows has led potential buyers of oil and gas fields to try and renegotiate deals already agreed at higher prices, with the first examples emerging of sellers havi (...)
NEWS |
HitecVision renegotiates purchase of Total's North Sea assets, seeks more
Private-equity group HitecVision’s NEO business has renegotiated its deal to buy British North Sea oilfields from Total, with Omani partner Petrogas dropping out and the French seller providing financ (...)
NEWS |
Odfjell Drilling to idle rig prior to Total gig in South Africa
Offshore drilling contractor Odfjell Drilling and French oil major Total have agreed to keep Odfjell’s semi-sub rig Deepsea Stavanger idle in Norway prior to mobilising it to South Africa for Total’s (...)
NEWS |
France’s Total calls off plans to buy Occidental Petroleum’s assets in Ghana
French oil major Total has called off the deal to acquire Occidental Petroleum’s assets in two African countries.
NEWS |
Total ends interest in acquiring Occidental Petroleum's Ghana and Algeria assets
Total has announced that it has discontinued the acquisition of Occidental Petroleum's assets in Ghana and Algeria.
NEWS |
Equinor, Shell, Total to invest in CCS project in Norway
European oil companies Equinor ASA, Royal Dutch Shell Plc and Total SA have decided to invest in the Northern Lights carbon capture and storage (CCS) project in Norway.
NEWS |
Historic investment decision for transport and storage of CO2
Equinor, Shell and Total have decided to invest in the Northern Lights project in Norway's first exploitation licence for CO₂ storage on the Norwegian Continental Shelf.
NEWS |
Total’s upstream business better placed to weather 2020 market volatility than its European peers, says GlobalData
Total SA’s (Total) robust upstream business tops the European majors’ peer group when assessed against the impact of COVID-19 and the current oil price volatility, says GlobalData, a leading data and (...)
NEWS |
Qatar Petroleum signs farm-in deals for three blocks in Campeche basin
Qatar Petroleum has signed three farm-in agreements with Total to acquire nearly 30% of the participating interest of the French oil and gas major in exploration blocks 15, 33, and 34 in the Campeche (...)
NEWS |
Equinor divests its minority shareholding in Lundin Energy
Equinor ASA has divested its financial shareholding in Lundin Energy AB, comprising around 14 million shares and corresponding to its 4.88% percent of the shares and votes, at a total sale price of ap (...)
NEWS |
Total joins O&G majors with net-zero ambitions, reconfirms renewables target
Total has become the latest oil and gas (O&G) major to set its sights on becoming net zero by 2050, reconfirming its plans for a major green energy push despite the recent financial hit from the oil m (...)
NEWS |
Plans for Celtic Sea wind farms
A joint venture between the French oil and gas giant Total and Simply Blue Energy is planning to establish what will be the first wind farm in the Celtic Sea to the west of the UK writes Dag Pike.
NEWS |
CNOOC cuts capex, production target
CNOOC Ltd.’s net production during 1Q totaled 131.5 MMboe, an increase of 9.5% year-over-year (YoY).
NEWS |
A trillion dollars! This is by how much global E&P revenues will fall in 2020 due to Covid-19
The devastating effect of the Covid-19 pandemic on global oil and gas exploration and production (E&P) companies is better understood by looking at the industry’s expected total annual revenues for 20 (...)
NEWS |
Canada’s upstream spending set for 20-year low, while 2Q shut-ins likely to reach at least 1.2 million bpd
In light of recent guidance revisions and the wider collapse in drilling and completion activity in Western Canada, Rystad Energy now expects total 2020 Canadian upstream spending to fall below C$21 b (...)
NEWS |
Total confirms 14 coronavirus cases at its Congo oil operations
French energy major Total said on Sunday that 14 workers including two of its staff have tested positive for the new coronavirus at its sites in Congo Republic, but output at the 190,000 barrels per d (...)
NEWS |
Data shows millions can be saved in decommissioning costs with Veristar AIM3D
A digital twinning and smart data asset management tool from Bureau Veritas, a world leader in testing, inspection and certification services, can save between 9% and 15% on total decommissioning proj (...)
NEWS |
Total delays Elgin field Floatel until 2021
Total, the French oil company has delayed a contract for the Safe Caledonia to provide accommodation support at its Elgin field in the North Sea.
NEWS |
Ithaca acquires North Sea license, defers planned wells
Ithaca Energy has acquired license P.2158 (block 15/18b) in the UK central North Sea from Total E&P UK.
NEWS |
COVID-19 demand update: Oil seen down 9.6%, jet fuel down 31%, road fuel down 9.6% in 2020
Rystad Energy’s weekly comprehensive Covid-19 report calculates the effect of the novel coronavirus in our lives and offers updated estimates for global fuel markets.
NEWS |
Apache, Total hit second discovery off Suriname
Apache Corporation and Total announced last week a second “significant” light oil and gas condensate discovery offshore Suriname.
NEWS |
The Largest Rig Count Collapse In 5 Years
Baker Hughes reported that the number of oil and gas rigs in the US fell again this week by 64, falling to 664, with the total oil and gas rigs clocking in at 361 fewer than this time last year. It is (...)
NEWS |
American ‘backyard’ wells, the flexible 11% of the US onshore oil output, now face an inflexible choice
About 11.4% of the total US onshore oil output in 2019 came from thousands of small micro-producing wells that are very often located in people’s backyards and have been kept alive for decades, securi (...)
NEWS |
You thought global oil supply couldn’t get any larger? INEOS: ‘Hold my maintenance’
With only a week to go before OPEC+ countries start flooding the world’s total oil production with an estimated extra 2.5 million barrels per day (bpd) amid the Covid-19 crisis, building one of the bi (...)
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