Oil and gas industry news : French oil and gas giant Total alongside its partners ExxonMobil and Oil Search has signed a Memorandum of Understanding (MoU) with the Papua New Guinea (PNG) government to establish the key terms of the gas agreement for the Papua LNG Project. Signed during the Asia Pacific Economic Conference (APEC) […]
Oil and gas industry news : Total, Sonatrach and Cepsa have started production from the Timimoun gas project in Algeria, almost nine years after the approval of its development plan by the Algerian National Oil and Gas Development Agency (ALNAFT). Algerian national oil and gas company Sonatrach owns 51% in the Timimoun natural gas project […]
Total ADNOC deal : Total has made a AED5.3 billion ($1.45 billion) deal with the Abu Dhabi National Oil Company (ADNOC) to take stakes in two new offshore blocks in Abu Dhabi. As per the agreements signed by the parties, the French oil and gas giant has secured a stake of 20% in the Umm […]
Energy acquisition news : French oil and gas major Total has acquired Marathon Oil Libya, a subsidiary of Marathon Oil for $450 million to take a stake of 16.33% in the Waha concessions. Currently, the Waha concessions in Libya are producing about 300,000 barrels of oil equivalent per day (boe/d). The production is likely to […]
Oil and gas news : Chevron and Total have pulled off a major oil discovery in the Ballymore prospect in the US Gulf of Mexico following its drilling. The partners said that the Ballymore well had encountered 205 meters of net oil pay in a high quality Norphlet reservoir, after it was drilled by Pacific […]
Energy Industry News : French oil and gas company Total has agreed to acquire electric and gas utility Engie’s portfolio of upstream and midstream liquefied natural gas (LNG) assets for a total of $1.49 billion. The transaction marks the exit of Engie from the upstream oil and gas business while allowing Total to become the […]