NOVATEK and TOTAL Sign Sale Agreement for Arctic LNG 2 Stake
PAO NOVATEK and TOTAL S.A. signed a Sales and Purchase Agreement (“Agreement”) in relation to the sale of a 10% participation interest in the Arctic LNG 2 project (the “Project”), within the binding agreement, signed at the 22nd Saint Petersburg International Economic Forum in May 2018. The transaction will be closed …
Vitol Plans Liquefied Petroleum Gas Foray in Kazakhstan
Vitol, the world’s top oil trader, plans to access liquefied petroleum gas (LPG) from the giant Kashagan field in Kazakhstan and may finance the construction of a processing and export facility, industry and company sources told Reuters. LPG is mainly a by-product of oil development at the field and at …
Gazprom and Total Express Satisfaction with Ongoing Cooperation in Oil and Gas Sector
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Patrick Pouyanne, Chairman and Chief Executive Officer of Total S.A., took place today at the St. Petersburg International Economic Forum 2018. The meeting participants expressed their satisfaction with the ongoing bilateral cooperation in the oil and gas sector. Gazprom and Total contribute to the …
Total to Come on Board Novatek’s Arctic LNG 2 Project
France’s Total could jump onboard the Arctic LNG 2 project being planned by Russia’s largest independent natural gas producer Novatek. The deal could be signed at an economic forum in Russia during the week, Reuters reports citing the Kremlin. The French company already partnered with Novatek on the Yamal LNG …
SOCAR Registers Two Companies to Develop New Fields in Caspian
Azerbaijan’s state oil company SOCAR registered two companies established jointly with foreign partners for the development of two new fields in the Caspian Sea, Azerbaijan’s Taxes Ministry said in a message posted on its website. The Azerbaijani branches of SOCAR Absheron, established jointly with France’s Total to develop the Absheron …
Total Closes the Maersk Oil Acquisition and Becomes the Second-Largest Operator in the North Sea
Total announces the closing of the Maersk Oil acquisition signed on 21st of August 2017. It brings to Total around 1 billion barrels of oil equivalent of 2P/2C reserves and resources, mainly in the OECD countries, and a production of about 160,000 barrels of oil equivalent per day (boe/d) in …
Total: Maersk Oil Acquisition Marks Change in Strategy
Total is on the acquisition trail again. Its US$7.5 billion purchase of the oil assets of shipping group A.P. Møller-Maersk, announced on August 21st, is a change both from its recent strategy and those of its supermajor peers. And it demonstrates once again that the industry’s merger and acquisition pipeline is getting unblocked. Maersk Oil …
Total: Acquires Maersk Oil $7.45 billion in Shares and Debt
Total is pleased to announce that the Boards of Total and A.P. Møller – Mærsk have both approved the acquisition of 100% of the equity of the E&P company Maersk Oil & Gas A/S (Maersk Oil), a wholly owned subsidiary of A.P. Møller – Mærsk A/S, by Total in a …
Aker Solutions and Total: Collaborate on Cost Effective Subsea Field Technologies
Aker Solutions and Total agreed to collaborate on research and innovation to develop new cost-effective subsea field technology. The initial four-year technical collaboration agreement will build on earlier cooperation and bring both companies closer in developing technologies that will reduce costs and increase value at subsea oil and gas fields. …
Oil and Gas Climate Initiative: CEO's Call For Climate Change Action
CEO’s of 10 global oil and gas companies make collaborative declaration on climate change: – Call for an effective climate change agreement at COP21. – Strengthen actions and investments to contribute to reducing the GHG intensity of the global energy mix. – Support the implementation of clear stable policy frameworks …