UK exploration up but success rate ‘falls off a cliff’
Exploration activity in the UK North Sea has picked up substantially since last year, but the success rate has “fallen off a cliff”, an analyst has said.
Total
Total signs on to Maputo LNG import plan
Total and South African gas facilities developer Gigajoule have signed a joint development agreement (JDA) on the import of LNG into Maputo.
AfDB stumps up cash for Mozambique LNG
The African Development Bank (AfDB) has approved a $400 million long-term senior loan to support the Total-led Mozambique LNG project.
‘Ground-breaking’ new CCS charter agreed by Scot Gov and oil sector
A “ground-breaking” agreement on carbon capture, usage and storage (CCUS) has been reached today between a group North Sea oil industry backers and the Scottish Government.
New tech brings remote subsea projects within reach of electrification
A new system which can supply electricity over distances of up to 600 kilometres and down to waters depths with pressures that could shatter a brick has passed a trial with flying colours.
Majors’ global selling spree could fetch $27.5 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.
SSE should have Greater Laggan sale wrapped up by March
Energy giant SSE should have the sale of its Greater Laggan Area gas assets wrapped up by March 2020, according to the company’s chief executive.
DecomWorld annual D&A summit returns with record numbers
DecomWorld – part of Reuters Events- today announced the global E&P delegations already confirmed to attend their 2020 Decommissioning and Abandonment Summit along with an international operator speaker faculty
ADNOC sets out Murban Futures plan
Abu Dhabi is taking steps to cement its position as a reliable supplier through the launch of the Murban Futures contract.
Oil firms investing in renewables ‘could benefit from more stable cash flow’, credit firm claims
Oil and gas majors who invest in the renewable energy sector "could benefit" from more stable cash flows, according to a credit rating agency.
Shell floating wind deal ‘sensible’ but won’t herald investment revolution, analyst says
The timing of oil giant Shell’s decision to acquire French floating wind firm Eolfi is “very sensible”, but isn’t likely to herald a revolution in how it invests its money, according to a top energy expert.
LNG comes through for Shell and Total
While low LNG spot prices have taken their toll, the Europe’s two major players in the sector, Total and Shell, performed strongly in the third quarter.
Oil firm Total in bid to find Aberdeen school tenant
An oil giant is seeking a new tenant for a former school for the children of European oil workers, The Press and Journal understands.
Updated: Total income slumps despite Culzean production boost
A production boost delivered by the Culzean gas field in the UK North Sea was not enough to prevent income dropping at French oil giant Total in the third quarter of 2019.
Bourbon commits to cost cuts for Total in Angola
Bourbon has signed a three-year agreement with Total on cost cuts, through technological innovation, for operations offshore Angola.
Oil major investors bracing for bad news as headwinds gather
Slumping energy prices, sluggish global demand and shrinking chemical margins are weighing on the oil industry as its biggest names prepare to announce quarterly results to investors demanding ever-higher payouts.
Eni kicks off drilling on southern North Sea exploration well
Drilling has kicked off at a North Sea exploration well operated by Italian oil and gas firm Eni, supported by French partner Total.
French NGOs pressure Total over Uganda work
A group of NGOs has filed in a French court to compel Total to disclose details of its human rights and environmental plans in Uganda.
Next phase of world-first project to see robots working on oil platforms
The next phase has been announced of a world-first project to see autonomous robots working on offshore oil and gas installations.
Total snaps up stake in Adani Gas for more than £470m
French energy giant Total SA is spending £476 million to expand its presence in one of the world’s fastest growing natural gas markets.
Nigeria demands $62billion from oil majors for past profits
Nigeria is seeking to recover as much as $62billion (£50.6bn) from international oil companies, using a 2018 Supreme Court ruling the state says enables it to increase its share of income from production-sharing contracts.
Europe plans to capture carbon, but is it enough?
Norway’s Northern Lights carbon capture project took a major step forward recently when various partners signed memoranda of understanding with seven European companies to develop value chains in CCS.
Total E&P UK swings to profit after ending West of Shetland impairments
Total E&P UK swung to a £525.4million pre-tax profit last year with higher oil prices and an end to impairments in the west of Shetland.
Equinor gets ‘early start’ on North Sea production at Johan Sverdrup
Oil giant Equinor has announced start of production at its giant Johan Sverdrup project in the Norwegian section of the North Sea.
Total aims to cut £11.6bn decom bill with Aberdeen-developed tool
French energy giant Total has said a new tool developed in Aberdeen represents a “significant opportunity” to slash its $14.3bn (£11.6bn) global decommissioning bill.