Iran plans Monday to sign a formal contract with Total SA and China National Petroleum Corp. to develop its share of the world’s biggest natural gas field -- the first investment in the country by an international energy company since sanctions were eased last year.
The Greek energy ministry has approved the applications of a consortium of Total, ExxonMobil and Hellenic Petroleum oil and gas exploration off the island on Crete.
Total Energy Ventures (TEV), the venture capital arm of Total that invests in start-ups, has acquired an interest in OnTruck, a platform that optimizes road freight shipping.
Irish oil and gas exploration company Providence Resources, and Sosina -its operating partner in licensing option 16/27 – will farm out a 50% working interest in the site to Total.
Optimism is returning to North Sea exploration, though estimates for this year’s drilling targets could be unrealistic, an oil sector analyst has said.
US shale explorers are boosting drilling budgets 10 times faster than the rest of the world to harvest fields that register fat profits even with the recent drop in oil prices.
Speaking this week at the Bloomberg New Energy Finance conference in New York, Total SA's chief energy economist, Joel Couse, forecasted that EVs will make up 15 to 30 percent of global new vehicle sales by 2030.
French oil major Total said a strong balance sheet and cost reductions would enable it to launch new projects after its first quarter results revealed an income surge.
First Minister Nicola Sturgeon visited Heriot-Watt University (HWU) in Edinburgh yesterday to mark the start of a new five-year partnership between oil giant Total and HWU’s Institute of Petroleum Engineering.
Production start-up on Total’s Laggan-Tormore fields west of Shetland spurred the UK onto a 3.6% increase in natural gas output in 2016, a new report said.
Upstream oil and gas companies may be quietly optimistic about the outlook for 2017 but many remain cautious, according to a report by Scottish energy consultancy Wood Mackenzie (WoodMac).
Offshore drilling contractor Seadrill said yesterday that it could file for chapter 11 bankruptcy proceedings if it cannot reach an agreement on its restructuring.