Total SA is considering selling down its 51 percent stake in an offshore oil and gas field in Norway’s North Sea, people familiar with the matter said, as the French oil giant disposes of assets to offset a slump in crude prices.
Total E&P USA said it has exercised its preemption right to acquire Chesapeake's interests in the Barnett Shale operating area in North Texas.
Uganda has shared out eight production licences between Tullow Oil and France’s Total, a news report said today.
Permasense has installed its corrosion and erosion monitoring system in the North Sea for the first time.
Italian energy firm Eni is in talks with four companies over the sale of 20% of its Zohr gas field in Egypt, a news report said, citing unidentified banking sources.
French oil giant Total today denied mounting a large-scale down manning operation on one of its North Sea platforms due to concerns over lifeboat provision. Total said it had slightly reduced the number of people on Elgin-Franklin, but dismissed claims in a media report which set the figure as high as 40. The report said Total was down manning because it would not have had enough lifeboat capacity for a full evacuation of Elgin-Franklin while adhering to industry standards for lifeboats.
Total has been hit with a number of improvements after an audit was carried out on its Martin Linge gas field in the North Sea.
French oil major Total has put the Incahuasi gas and condensate field on stream in Bolivia.
A number of oil and gas companies with North Sea operations have revealed the impact of low crude prices on their trading in recent months. Shell chief executive Ben van Beurden said the firm is “enjoying” the benefits of recent efforts to get its North Sea business in shape, but declined to rule out additional job losses. Speaking after Shell reported a 72% drop in second quarter net income to $1billion (£762million), he said Shell had done more to lower costs and enhance reliability in the North Sea than in any other mature basin.
Total's board of directors has approved two measure to develop employee shareholding within the company.
Total SA said profit fell 30 percent in the second quarter, beating analysts’ estimates as deeper cost cuts and rising production helped the French company offset the slump in crude prices and strikes at its domestic refineries.
French oil major Total has signed a binding heads of agreement with Chugoku Electric for the supply of liquefied natural gas (LNG) for a period of 17 years starting from 2019.
Total has today been named the main sponsor of the Africa Cup of Nations.
Total is said to be unlikely to take on ExxonMobil in a bidding war for explorer Interoil.
French oil major Total will take control of Saft Groupe after a successful tender offer.
A Russian court is expected to start the trial of airport staff charged in the death of Christophe Margerie, the head of French oil major Total who was killed when his jet collided with a snow plough in a Moscow Airport.
A preliminary hearing into the death of the ex-boss of French oil major Total is expected to resume today after being postponed.
A preliminary hearing will be held in a Russian court regarding the death of the Total chief executive Christophe de Margerie.
Total today confirmed its dedicated venture capital arm (TEV) had acquired a stake in United Wind.
Total has made a number of new appointments to its executive committee following the deployment of its One Total company project.
Total has bought into the Giant Al-Shaheen oil field offshore Qatar.
Total has hired the chief of France's Gendarmerie police force to take over as its head of security, the oil company said on Wednesday.
Ppils from 20 secondary schools in Aberdeen city and shire competed against each other, in teams of four in a series of mathematical challenges, on Friday (17 June), sponsored by Total.
SacOil, the South African oil and gas operator, has confirmed that Total has finalised 2D seismic date acquisition in the Block III in the Albertine Graben area of the Democratic Republic of Congo.
French energy giant Total has snapped up Belgian renewables firm Lampiris, acquiring all of the company's shares in an undisclosed deal.