Total has signed an MOU (Memorandum of Understanding) with Angola's Sonangol. The move is seen as one of the first steps towards opening fuel stations in the region. Angola is Africa's second biggest oil exporter and has been planning for a couple of months to reorganise it soil sector.
An offshore union has branded the fine imposed on Total yesterday a "wholly inadequate slap on the wrist".
Oil firm Total has been fined £1,125,000 for breaching offshore regulations which led to a major gas leak on one of its North Sea installations.
The Norwegian Petroleum Directorate (NPD) has granted a drilling permit to Total E&P Norge for the drilling of a wildcat well. The company plan for the well to be drilled using the Maersk Gallant drilling facility in production licence 618.
Oil firm Total will appear in court next week charged in connection with a major gas leak on one of its North Sea installations. In March 2012, all 238 workers on board the Elgin platform had to be evacuated as gas started spewing out of the G4 well at the rate of two tonnes an hour. At one point, about seven million cubic feet of gas was leaking from the platform every day.
French oil giant Total has been charged following an investigation into a suspected gas leak on a North Sea platform.
Total has named chief executive Patrick Pouyanne as its new chairman.
UTEC NCS Survey said it has won a multi-year rig move and positioning contract with Total E&P Limited. The company said it had recently awarded the three-year contract with the opportunity to provide positioning services on any of their fleet of rigs and support vessels in the UKCS region.
Total’s chief executive Patrick Pouyanne will take over as the firm’s chairman, uniting the two posts, the operator confirmed today.
Total said the Moho Phase 1b project in the Republic of the Congo has been brought on stream. The company said the site, which is 75 kilometres off the coast of Pointe-Noire, has a production capacity of 40,000 barrels of oil equivalent per day. The project will involve the drilling of 11 new subsea well and the installation of the two most powerful subsea multiphase pumps in the world.
Maersk Drilling has been awarded a $44million contract for the drillship Maersk Venturer with oil major Total.
Total managing director Elisbeth Proust has joined the board of industry body Oil & Gas UK as part of a shake up of members.
A new drive to reduce costs in the North Sea oil and gas industry is expected to unlock up to £1billion in additional revenue through improved production efficiency and cost savings.
Total confirmed it will raise $1.2billion in new debt financing.
Oil giant Total has been collaborating to develop a new device developed to deter birds from roosting on oil platforms, reducing build up of guano - or bird poo - on helidecks.
North Atlantic Drilling reported difficult trading conditions has led to a third quarter loss of $2.6million as the downturn in rig activity hits home.
Fugro has won a five year contract with Total for provision of underwater services in the UK. The deal includes extension options for a further two years and will see Fugro provide a range of ROV (Remotely Operated Vehicles) services.
Total's chief executive said oil majors are well positioned to grow during the oil price downturn but should "be patient" when it comes to mergers and acquisitions. Patrick Pouyanne made the comments after it was revealed Anadarko had become the latest company to launch a takeover bid for Apache, following in the steps of Shell and BG and Halliburton and Baker Hughes.
Total has named its new managing director in the UK set to take the helm after Philippe Guys announced his retirement. Elisabeth Proust, who became Total’s first female managing director for its Nigeria operations only last year, will take over the role. The move will be her third role as a managing director leading its UK operations after successful stints in Africa and Indonesia.
Wood Mackenzie said the global decline in oil price has had a “transformative” impact on the oil majors. Analysis by Wood Mackenzie identified four key themes which will continue into the next year in terms of companies’ budgets and strategies. Tom Ellacott, head of corporate upstream analysis, said key trends for oil majors already identified included weak financial performance in the third quarter of the year, a boost in production levels, deep cost cutting and tighter allocation on limited capital.
iSurvey has landed a three-year deal with Total for its operations in the UKCS.
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Total said a third quarter plunge in profits highlighted “resilience” against a halving of oil prices.
French oil major Total is expected to resume drilling offshore South Africa in the second half of 2016, part of a broader campaign to explore in Africa, according to a senior official.
Total’s UK managing director Philippe Guys has bid farewell to the North Sea after a 36 year career.