Tullow hits pause in Kenya
Tullow Oil has declared force majeure at its site in northern Kenya, putting plans to sanction the project this year in jeopardy.
Total
EXIM tweaks terms for Mozambique LNG loan
The US’ Export-Import Bank has tweaked the loan it is providing to the Mozambique LNG project to include work offshore.
Prosafe vessel fleet use down by almost half in first quarter of 2020
Vessel-owner Prosafe has reported a significant knockdown in its fleet utilisation rate for the first quarter of 2020.
COVID-19 and the new normal; radical technology to achieve net zero
There is a certain irony in the coincidence of two recent major events that together, focused minds on how exactly the huge upheavals caused by COVID-19 may affect our efforts to achieve net zero carbon.
Some supermajors want to remain oil giants but not ‘look like it’, activist investor says
A Dutch shareholder activist has accused some oil and gas majors of talking the talk but not walking the walk on shifting to cleaner investments.
Oxy scraps Algerian sale to Total
Occidental Petroleum will continue to hold its Algerian assets following its inability to conclude the sale of them to Total.
Nigeria feels the pinch
Nigeria is under particular strain as a result of the low oil price crisis, industry participants said during a webinar, demonstrated by a government decision to plan for $20 per barrel oil.
Imagination important as firms look to future
While the immediate priority is survival, senior management of exploration and production (E&P) companies will also be looking to the future, seeking ways to access the capital required to bring undeveloped oil and gas discoveries into production and lower carbon dioxide emissions.
QP lines up Mexico move
Qatar Petroleum (QP) has bought into three blocks offshore Mexico, in the Campeche Basin, under an agreement with Total.
PetroNor, Senegal set aside arbitration for now
Senegal and Oslo-listed PetroNor have reached an agreement to suspend arbitration for six months in a dispute focused on two offshore blocks.
Exclusive: 200 suspected Covid-19 cases evacuated from North Sea platforms during crisis
Around 200 North Sea workers have been evacuated with suspected Covid-19 symptoms over the last six weeks as the sector has attempted to manage the spread of the virus.
Total barely stays in profit amid ‘economic and oil crisis’, sets 2050 net zero target
Total barely managed to stay in profit for the start of 2020 as oil prices took a nosedive due to the Covid-19 outbreak.
650 workers move to new consortium PBS for Total North Sea contract
More than 650 workers have completed a transfer to a brand new consortium in Aberdeenshire for the start of a five-year contract with Total.
Asian NOCs eye once-in-a lifetime overseas M&A opportunities
Cashed-up Asian NOCs are actively screening international assets and companies for once-in-a lifetime acquisition opportunities amidst the global downturn.
Lebanon’s first exploration well fails
Total’s well offshore Lebanon has failed to find a reservoir in the Tamar formation, which was the exploration target.
Coronavirus strikes Total in Congo
Total has reported 14 cases of coronavirus at its sites in Congo Brazzaville, including two employees of Total E&P Congo.
Efora’s pan-African outlook
Efora Energy sees its future as balanced between the exploration assets, where it began, and the fuel supply side, where it has focused in recent times.
Total to buy Tullow’s Uganda licences
Tullow Oil has struck a deal to sell its entire stake in Uganda’s Lake Albert project to France’s Total for $575 million.
Total scoops 20% share of awards in French solar tender process
French oil and gas giant Total has scooped 20% of solar power awards during the most recent tender process.
Total shuts down Mozambique LNG on outbreak
Total has shutdown work at Mozambique LNG in order to manage an outbreak of coronavirus at the site in Cabo Delgado.
Total delays Prosafe contract at Elgin field due to ‘unprecedented challenge’
French oil giant Total has delayed a contract due to be led by vessel-owner Prosafe at its Elgin field in the North Sea.
Is carbon intensity a misleading metric?
It has been encouraging to witness many oil and gas majors sign up to the energy transition and net zero. Repsol, BP, Total, Shell and Equinor have all outlined their strategies.
Fears for 200 jobs as KCA workers face redundancy
Around 200 oil workers are to be laid off – and staff are furious they are not being furloughed.
Angolan production declines bite deep
Companies operating in Angola have reported a production decrease of 18.7% from 2017 to 2019.
Office market has ‘strong’ start in Q1
New research by global property giant CBRE has revealed a healthy start to 2020 for the office market in and around Aberdeen.