Browsing Tag
TotalEnergies
177 posts
Santos (ASX: STO) pays US$189m to lift Papua LNG stake as FID nears
Santos is acquiring another 3.3% of Papua LNG from TotalEnergies for approximately US$189 million, increasing its stake to 21% as a redesigned US$14 billion project moves closer to a long-awaited final investment decision.
McDermott wins $1bn-plus ADNOC Umm Shaif offshore contract as $6.2bn gas project advances
McDermott has won a contract it classifies at more than $1 billion for Umm Shaif Package 4, adding surface pressure boosting infrastructure to ADNOC’s $6.2 billion offshore gas expansion.
Questor targets C$10m 2027 revenue after Q2 sales fall to just C$240,000
Questor Technology's second-quarter revenue collapsed from C$3 million to less than C$240,000 as rental utilisation weakened and an Iraq commissioning slipped. Investors nevertheless held the shares steady after a preceding rally, with attention shifting to fleet redeployment, a proposed Emission Rx acquisition and ambitious 2027 revenue targets.
TotalEnergies exits Arctic LNG 2 but keeps $1.3bn loan claim subject to sanctions
TotalEnergies has transferred its fully impaired 10% Arctic LNG 2 stake to a Novatek subsidiary, ending its ownership in the sanctioned project while retaining rights to about $1.3 billion of shareholder-loan reimbursement.
Santos keeps 99-105mmboe guidance as two megaprojects enter cash-generation phase
Santos reported lower first-half profit and subdued free cash flow, but Barossa and Pikka are now ramping simultaneously, setting up a 20%-30% production increase in the second half of 2026.
Offshore oil and gas is quietly replacing vessel days with subsea robots
Resident subsea robots, autonomous inspection vehicles and remotely operated uncrewed vessels are beginning to perform offshore oil and gas work once tied to large support vessels and offshore crews. Commercial operations involving Equinor, Saipem, Reach Subsea and Oceaneering International show how robotics could reduce vessel days, personnel exposure and inspection costs, although intervention capability, subsea infrastructure, communications and regulatory acceptance still determine how far vessel-free operations can go.
Petrobras FPSO awards lift SBM Offshore backlog and annual guidance
SBM Offshore raised 2026 guidance as Petrobras FPSO awards lifted backlog to $35.6 billion, alongside lower debt and higher cash returns
BP posts $5.7bn Q2 underlying profit as new CEO Meg O’Neill orders a reset
BP Q2 underlying RC profit hits $5.7bn and the dividend rises 4%. New CEO Meg O'Neill admits BP wrote off too much value, orders a portfolio and cost reset.
Ruwais LNG Project: Abu Dhabi’s 9.6Mtpa export plant advances toward 2028 start-up
The Ruwais LNG Project in Al Ruwais Industrial City, Abu Dhabi is a 9.6Mtpa ADNOC-led export development backed by bp, Mitsui, Shell and TotalEnergies, with commercial operations scheduled to start in 2028.
Santos (ASX: STO) loads first Barossa condensate cargo as Q2 delivery narrows the case for H2 cash flow
Santos loaded the first Barossa condensate cargo on 24 July, but the second-half cash flow inflection still hinges on Pikka plateau and the interim dividend.