Serica Energy strikes Bruce field deal with Total
Serica Energy said today that it had agreed a deal with Total to increase its equity in a group of North Sea oil fields.
Total
‘Wild’ west of Shetland project gets underway
The Erland Wild West 3D seismic survey project has started today in the west of Shetland region of the North Sea.
Big oil’s winners and losers emerge as crude prices surge
Crude prices rose to three-year highs, operating costs were down and profit was growing by double or triple digits, but investors still found plenty to complain about in Big Oil’s second-quarter earnings.
Aker BP in £155m swoop for Norwegian assets
Oil firm Aker BP has struck a deal to buy 11 licences off Norway from French oil giant Total for £155 million.
Industry ‘not at panic stage’ over North Sea strikes
An employment expert has insisted the industry is “not at panic stage” despite a series of North Sea industrial disputes.
Strikes on Total rigs to continue today
Strike action will continue today on North Sea platforms operated by French oil giant Total.
Majors with North Sea footprints report profits surge
Oil majors with North Sea footprints reported surging profits yesterday as higher crude prices bolstered the industry’s recovery from the downturn.
Strikes could put off fresh North Sea investment, says BMI
Increasing incidents of North Sea strike action risk project delays and putting off new investment, according to BMI.
Big oil’s cash-flow surge leaves investors wanting more
After enduring the worst downturn in a generation, a sudden surge in crude prices meant investors in Big Oil finally dared to dream of a new “ golden age” of profitability. So far, reality doesn’t have quite the same luster.
Ex-Maersk Oil assets help Total raise production
French oil giant Total said today that its takeover of Maersk Oil had helped raise production by 7% in the first half of 2018.
South Sudan pulls Total contracts
South Sudan has pulled a number of contracts from French oil giant Total.
Total restarts North Sea production after worker strikes
Production was due to restart on three North Sea platforms yesterday after workers’ strikes ground them to a halt on Monday.
Big oil is raking in cash so investors are asking: Now what?
The dark storm clouds that have been hanging over the oil industry during the crude-price slump have suddenly started raining cash.
‘I doubt they’re going to find a resolution’, says oil expert on Total strikes
An Aberdeen-based energy expert said yesterday that he doesn’t believe the standoff between Total bosses and workers will be easily resolved.
Shell, BP and Total to reap benefits of higher oil prices – Moody’s
Shell, BP and Total are among the majors set to reap the benefits of the higher oil price, according to Moody’s.
Update: Strikes stop production on three North Sea platforms
Production ground to a halt on three North Sea rigs yesterday as workers downed tools.
Strikes on Total’s North Sea platforms to kick off today
Strike action by workers begins today on North Sea platforms operated by French oil giant Total.
Fresh strike action to plunge North Sea into turmoil
Planned strikes and a rejected pay offer could plunge North Sea operations into turmoil with further industrial action on three offshore platforms due to bite on today.
North Sea ‘suffering’ as majors offload assets, says analyst
The North Sea is “suffering” due to firms looking to more attractive regions of the world to invest, according to an analyst.
Strike action at Shetland Gas Plant postponed for further talks
Planned strike action at the Shetland Gas Plant has been postponed by one week to allow talks with French oil giant Total, Unite union has confirmed.
Total completes £1.1billion acquisition of Engie LNG assets
Energy giant Total has completed its £1.1billion acquisition of Engie’s liquefied natural gas (LNG) assets.
Total completes Irish oilfield acquisition
Providence Resources said today that it had completed the divestment of a 35% stake in an Irish oilfield to Total.
M&A activity to provide ‘litmus test’ for North Sea’s health, tax expert says
The pace of mergers and acquisitions (M&A) activity will provide the “litmus test” for the UK North Sea’s health in the coming years, a tax expert has said.
Major milestone for Culzean gas field
A major milestone has been reached for Total E&P UK’s huge Culzean gas field in the North Sea.
Updated: Total gets ready to sell £1.1bn worth of UK North Sea assets, report says
French oil giant Total is understood to be preparing for the sale of UK North Sea assets worth more than £1 billion.