Worker evacuated from North Sea rig
A man has been evacuated from a North Sea oil rig after falling ill.
Total
Video: Total powers Nigerian power station – with solar panels
A service station in Nigeria is getting its power – from solar panels. The Onigbagbo solar-powered site in Lagos, Nigeria is the first of its kind In West Africa. Total said the construction of the service station was part of an effort to provide alternative energy solutions.
Total to sell 15% stake in Gina Krog field
Total has signed an agreement to sell a 15% interest in the Gina Krog field in Norway to Tellus Petroleum in a NOK1.4billion deal. The French company’s president of exploration and production said the move was as a result of a “full comparative review” of its global asset portfolio. The transaction still has to be approved by the Norwegian authorities.
Big Oil sets sights on Iran as it cuts spending and exploration elsewhere
The world is awash in crude, but big oil companies are lining up to develop new fields in Iran even as they slash spending and abandon exploration elsewhere. One thing explains this paradox: cost.
Oil worker airlifted to hospital from North Sea platform
An oil worker has been evacuated from a North Sea rig today after falling ill. A Norwegian rescue helicopter arrived on Total’s Elgin platform at around 1.30pm before taking the employee to Aberdeen Royal Infirmary. The platform is around 150 miles east of Aberdeen.
Energy regulators alleges Total and traders rigged natural gas prices
US federal energy regulators have extended their efforts to crackdown on a contested form of market manipulation by alleging Total and two of its traders rigged natural gas prices. A notification from the Federal Energy Regulatory Commission (FERC) alleges the French company intentionally made losing trades in order to affect index prices on at least 38 occasions. The “uneconomic” trading was said to have happened on at least 38 occasions between June 2009 and June 2012.
Total cuts oil output target as low prices expected to persist
Total SA, Europe’s second-biggest oil company, scaled back its production target for 2017 as it announced a further round of investment cuts and project delays to protect its dividend. Total expects to produce 2.6 million barrels of oil equivalent a day, compared with a previous forecast of 2.8 million barrels a day, the company said Wednesday before holding an investor day in London. The measures are a sign that oil majors are extending their belt-tightening into next year and 2017 after companies from Chevron Corp. to Royal Dutch Shell Plc announced large spending cuts for 2015.
Total sells 10% stake in Canadian oil sands to Suncor
Total is to sell a 10% interest in the Fort Hills oil sands mining project to operating partner Suncor Energy for $230million.
Oil drops amid broader sell off as Fed points to global risks
Oil dropped for a second day after the US Federal Reserve left borrowing costs unchanged because of concern about recent global economic turmoil.
Total and Eni sign bottom of the barrel technology deal
Eni and Total have entered into a special license and R&D cooperation agreement for Eni Slurry Technology (EST) and to evaluate and tailor the technology to Total’s requirements.
Total joins fellow French companies Air Liquide, Michelin and Sodexo to help refugees
Oil giant Total has joined forces with other large companies Air Liquide, Michelin, Sodexo and Total to assist refugees being resettled in France.
Ocean Installer lands first African contract with Total
Subsea company Ocean Installer has been awarded a contract for deep water UFR (umbilicals, flowlines and risers) installation work with Total at the Moho Nord field off the coast of the Republic of Congo.
Total sells 50% interest in Geosel Manosque
Total has signed an agreement to sell an interest of 50% plus one share in Geosel Manosque to a consortium of EDF invest and Ardian. The transaction has been valued at €265million and is subject to confirmation of the other Geosel shareholder and customary regulatory approvals.
Sonardyne works closely with Total on Egina mega-project
French oil major Total, operator for the Egina oil field offshore Nigeria, has successfully installed acoustic specialist Sonardyne's Fusion 6G subsea positioning network to support its development of the $15billion project.
Foreign oil drillers sour on regulation-happy Angola, Total says
Angola risks losing investment from foreign oil companies as costly government regulations and low world prices make the country, vying to be Africa’s largest producer, less attractive to operate in, an industry executive said. A series of measures introduced by Angola’s government in recent years has pushed production costs up as much as $500 million annually, said Jean-Michel Lavergne, general manager for Total E&P Angola, the country’s biggest driller. Oil companies want talks with the Angolan government to press home the threat posed by regulatory costs, Lavergne told reporters on Friday at a monthly business forum in Luanda.
Video: New North Sea task force to push efficiency drive
A new North Sea task force has been launched to make the UK sector more competitive and maximise economic recovery.
Total and CononcoPhillips heat up Canadian oil sands project
Total and ConocoPhillips have begun production from the Surmont 2 oil sands project in Alberta, Canada.
Total offloads Turkish retail network for $356million
Total has agreed to offload its service station network and commercial assets in Turkey to the Demirören conglomerate for $356 million.
InterOil begins Antelope drilling in New Guinea
InterOil has started drilling on a side-track well at the Antelope-4 site, as part of its appraisal campaign on the Elk–Antelope gas field in Papua New Guinea.
EV Insights: In case you missed them, Energy Voice’s Friday Five
Each week Energy Voice pulls together the Friday Five. Click below to see the site’s most read and engaged with copy of the week.
Petrofac boss admits Laggan Tormore mistake
Petrofac boss Ayman Asfari has admitted mistakes were made in the handling of the delayed Laggan Tormore gas development - which has led to the company losing $263million on the Shetland project.
Aquatic wins multi-million pound Congo contract for Total project
Scots reel and flexible pipe specialist Aquatic has been awarded a multi-million pound contract on Total's $10billion Moho Nord subsea project, off the coast of the Republic of Congo, West Africa.
Total abandons exploration work despite gas discovery
Total has abandoned exploration work at its shale well in Denmark despite a gas discovery. The French oil major said the thickness of the layer at the Vendsyssel-1 well in the northwest of the country had been thinner than expected.
Total on track to start Bulgaria offshore drill in early 2016
French oil firm Total said on Monday it was on track to start drilling for oil and gas at an exploration site off Bulgaria's Black Sea coast early next year. Total, an operator of the offshore Han Asparuh 1-21 block along with OMV and Spain's Repsol, had postponed drilling there due to the fall in oil prices.
Total takes over New Guinea LNG project
Total has completed the transfer of operations of the Papua LNG Project in New Guinea from national operator Oil Search.