French oil and gas giant Total said that it has reached an agreement to transfer to its equity interest in five exploration blocks in the Foz do Amazonas Basin in the Brazilian waters to Petrobras. The agreement marks the exit of Total from the Foz do Amazonas Basin. The five blocks – FZA-M-57, FZA-M-86, FZA-M-88, […]
French oil and gas giant Total said that it will invest over €500 million for modifying its Grandpuits crude oil refinery in Seine-et-Marne, France to producing biofuels and bioplastics. The new zero-crude platform of Total will concentrate on four new industrial activities. These include renewable diesel mainly for the use in the aviation industry, production […]
Corbion, a Dutch food and biochemicals company, and French energy company Total revealed plans to construct a new polylactic acid (PLA) bioplastics plant in France with an investment of around €200 million. The PLA bioplastics plant is planned to be built in Grandpuits through the Total Corbion PLA joint venture. Likely to have a capacity […]
French oil and gas giant Total said that it has stepped down as operator for five offshore exploration blocks in the Foz do Amazonas Basin in Brazil. In this connection, Total had notified its partners on 19 August regarding its resignation from operatorship of the FZA-M-57, FZA-M-86, FZA-M-88, FZA-M-125 and FZA-M-127 blocks. Total has also […]
Total said that it has signed a new memorandum of understanding (MoU) with the Mozambican government to provide security for the $20-24 billion Mozambique LNG project in the country in the wake of terror threats. The French oil and gas giant, which is the operator of the LNG project through its subsidiary Total E&P Mozambique […]
Qatar Petroleum has signed a farm-in deal with Angolan national oil company Sonangol and Total to acquire a 30% stake in Block 48 contained in the ultra-deep waters of Angola. According to Qatar Petroleum, Block 48 offers a drill-ready opportunity, which spans an area of nearly 3,600 square kilometers. Drilling in the offshore Angolan block […]
Petrobras and its partners will move ahead with the phase 3 development of the Mero oil field in the Libra block offshore Brazil, having taken the investment decision. The Mero field is located deep offshore in the prolific pre-salt area of the Santos Basin, 180 kilometers off the Rio de Janeiro coast. The partners will deploy […]
The Mozambique Area 1 LNG project, which is being planned to be developed by Total and its partners with an investment of $20 billion-$24 billion, has secured a financing commitment of $400 million from the African Export-Import Bank (Afreximbank). The amount from the multilateral trade finance institution will be in the form of guarantees and […]
French oil and gas giant Total said its subsidiary Total Gabon has agreed to offload its interests in seven mature non-operated offshore fields and also interests and operatorship in the Cap Lopez oil terminal in Gabon to Perenco for a consideration ranging between $290 million and $350 million. The final price for the sale will […]
Kwaskwasi discovery : Apache Corporation and Total have made a significant third discovery in the Block 58 offshore Suriname following the drilling of the Kwaskwasi-1 well with the Noble Sam Croft drilling ship. The other two discoveries in the offshore Surinamese block are the Maka Central discovery made in January 2020 and the Sapakara West […]