‘Buyer’s market’: Several North Sea ‘deals to watch’ as general election looms
There are several “deals to watch” in the UK North Sea in 2024 as a general election looms and companies reshuffle their positions.
TotalEnergies
Shell’s onshore Nigeria exit faces challenges, but suggests a way forward
Onshore operations in Nigeria have long been a challenge for operators, with a laundry list of problems including political challenges, sabotage, bunkering and foreign exchange.
Storm Otto: Investigators find flight recorder issues in Elgin heli incident
Air accident investigators have discovered issues with a flight recorder on board a helicopter whose blades were ripped off while parked offshore during high winds last year.
Valaris lands UK contracts with Shell, Harbour, TotalEnergies and Ithaca
Valaris has revealed a number of contracts in UK waters in its latest fleet status report as it boasts a $3.9 billion backlog.
Eni extends Cronos find, fuelling fast-track plans
Eni has reported success at the Cronos-2 well offshore Cyprus, noting “excellent gas deliverability capacity” at the find.
Council backing secured for West of Orkney Windfarm
Orkney Islands Council declares its support for 2GW West of Orkney ScotWind project
Big Oil’s blockbuster $114 billion investor payout is largest ever
Oil supermajors returned more cash to shareholders than ever before last year as management teams reined in spending on new projects to free up cash for dividends and buybacks. There may be more to come.
TotalEnergies claims to be most profitable and sustainable supermajor of 2023
TotalEnergies’ chief executive Patrick Pouyanné told investors his firm was “the most profitable” major of 2023 while implementing his energy transition strategy.
TotalEnergies “completely optimistic” on Namibian drilling
“We will continue to drill … because everybody is excited. We have another exploration potential well on the south of Venus and we continue to appraise what has been discovered.”
TotalEnergies hikes dividend, shrugs off profit drop
TotalEnergies SE (LON:TTE) raised its dividend and continued share buybacks, shrugging off a 31% drop in fourth-quarter earnings caused by weaker oil and gas prices and shrinking refining margins.
TotalEnergies pays $199m for 75% ownership of Tungsten Explorer drillship
French supermajor TotalEnergies (LON: TTE) has signed a $199 million to take 75% ownership of the Tungsten Explorer drillship.
Norway’s carbon capture scheme boosted by Germany’s change of heart
A Norwegian project to bury carbon under the seas is getting backing from Germany
Total strikes for OMV’s Malaysian unit in $900mn move
“This agreement streamlines our Energy portfolio and is in line with the OMV Strategy 2030 of reducing oil and gas production over time,” said OMV CEO Alfred Stern.
$350bn of offshore wind projects could see FID risk, warns Westwood
TotalEnergies and BP were identified as amongst the highest risk developers given their substantial project pipelines but “limited or no operational capacity.”
Africa Oil sets out company transformation via the Orange Basin
“The reason we wanted to stay in is in the southern part of the block.” The operator is acquiring 3D seismic on the area, he said, backing up existing 2D seismic.
Shell’s half billion barrels in the Orange Basin
“We are making ongoing evaluations to determine the exact size of these fields and continuously improve our estimates to determine commerciality.”
Victory for Shell as new West of Shetland gas field approved
Shell's Victory field has an estimated recoverable resource of 179 billion cubic feet of gas, equivalent to 7% of the UK’s annual natural gas consumption
Strohm installs first TCP jumper for TotalEnergies in Nigeria
The company went on to note that installation followed rigorous testing, resulting in Total qualifying the TCP jumper for permanent subsea applications.
Tyra partners eye volume boost from new drilling
Partners behind Denmark’s Tyra redevelopment have confirmed a final investment decision for new drilling set for later this year.
Thierry Desmarest, who made Total a major oil player, dies at 78
Thierry Desmarest, who transformed the French company now known as TotalEnergies SE (LON:TTE) into one of the world’s largest energy companies, has died. He was 78.
Total increases stake in giant Namibia find with Impact deal
Total is gaining a 10.5% stake in Block 2913B and 9.39% in Block 2912. The French company is the operator and has made a number of discoveries in the area, including the giant Venus find.
Ocean Installer, Oceaneering begin TotalEnergies work
Ocean Installer CEO Kevin Murphy said the Girassol work was "our most significant project award from TotalEnergies to-date".
European stocks kick off 2024 with gains as oil companies climb
European stocks gained on the first day of trading in 2024, with energy shares leading the advance as crude oil prices rose amid increased tensions over the Red Sea.
Azeris see no risk in France spat to TotalEnergies-led project
Azerbaijani Foreign Minister Jeyhun Bayramov told reporters Thursday there’s no risk to his country’s natural gas project led by France’s TotalEnergies despite escalating tensions between the two countries.
TotalEnergies to sell part of Seagreen wind farm for £552m
TotalEnergies (XPAR: TTE) has agreed to sell 25.5% of Seagreen, Scotland’s largest offshore wind farm, in a £552m deal with Thailand national oil firm PTTEP.