Exxon And Petronas Hope To Repeat Guyana’s Success Offshore Suriname
Exxon and Malaysia’s state-owned Petronas will extend exploration of a gas field off the coast of Suriname, the country’s national oil company Staatsolie said. Expecting a repeat of the huge oil and gas success in the same basin offshore Guyana, researchers in Suriname are also reportedly considering a floating LNG …
French TotalEnergies Announced The Discovery Of Another Gas Field In Cyprus
French oil and gas company TotalEnergies today announced the successful completion of drilling and production testing of the Cronos-2 appraisal well in Block 6 offshore Cyprus. TotalEnergies owns a 50% stake in Block 6 along with Italy’s Eni (50% operator). Production testing of the Cronos-2 well confirmed the presence of …
KazMunayGas Bought a 60% Share in The Production Sharing Agreement at The Dunga Field
JSC NC KazMunayGas announced the completion of the acquisition from TotalEnergies EP Danmark A/S (a subsidiary of TotalEnergies) of 100% of shares in the authorized capital of Total E&P Dunga GmbH and ownership rights in the Dunga subsoil use project, respectively, in accordance with terms of the purchase and sale …
TotalEnergies sold 40% of Block 20 in Angola to Petronas
TotalEnergies EP Angola Block 20 has closed the sale of a 40% stake in Block 20 of the Kwanza Basin (Angola) to Petronas Angola E&P Ltd (PAEPL, controlled by Malaysian Petronas) ahead of the start of development of the asset, the French oil company said. The transaction amount is $400 …
The heads of Algerian Sonatrach and French TotalEnergies Discussed Strengthening Their Partnership
Rachid Hashishi and Patrick Pouyanné agreed to identify opportunities for cooperation, especially in the field of oil production The CEO of the Algerian state oil and gas company Sonatrach, Rachid Hashishi, met in Algeria with the head of the French oil and gas company TotalEnergies, Patrick Pouyanne. The parties discussed …
TotalEnergies Plans to Increase Hydrocarbon Production by 2-3% Per Year Until 2028
The company will focus on large LNG projects French energy company TotalEnergies plans to increase hydrocarbon production by 2-3% annually until 2028, focusing on developing supplies of liquefied natural gas (LNG). The company provides such data in its presentation of the 2023 strategy. “By dramatically reducing emissions from its operations, …
Oil Majors Begin Exploration Renaissance – WoodMac
Oil and gas exploration spending is recovering from pandemic lows. Wood Mackenzie reports that after record profits in 2022, oil majors have more courage, and the ESG agenda in many countries has faded into the background amid the energy crisis. Britain’s Shell and BP and France’s TotalEnergies said this year …
Azerbaijan Expects 4-fold Increase in Annual Gas Production from Absheron – Minister of Energy
Azerbaijan expects a 4-fold increase in annual gas production from the Absheron gas condensate field in the Caspian Sea to 6 billion cubic meters, Energy Minister Parviz Shahbazov said. “We (Thursday in Baku – IF) took part in the ceremony of extraction of the first gas from the Absheron field. …
SOCAR and ADNOC Discuss Cooperation Within Development of Absheron Field
SOCAR President Rovshan Najaf met with Abu Dhabi National Oil Company (ADNOC) Executive Director Musabbeh Al Kaabi. “At the meeting, it was noted that the agreement signed in August this year between SOCAR, TotalEnergies and ADNOC on the sale of a 30% stake in the Absheron gas condensate field development …
TotalEnergies and Inpex Secure Two Gas Fields off the Coast of Australia
The French and Japanese companies will receive 26% and 74% of the assets of the Ichthys LNG project off the west coast of Australia. It is believed that the involvement of large companies will ensure the sustainability of LNG production in the western part of the country. Permits for the …