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Singapore to have a LNG trading platform soon
April 10, 2019

Singapore to have a LNG trading platform soon

With the sudden rise in the supply and demand of the super-chilled fuel, Kpler and Powernext are planning to launch a trading platform for LNG in Singapore this year. Both the companies have set up Spark Commodities in Singapore which is majorly owned by Kpler. Spark will aim at creating a paltform for physical buyers and sellers of LNG by the fourth quarter of the present fiscal year.

Total signs a 10-year deal with Guanghui
April 4, 2019

Total signs a 10-year deal with Guanghui

Energy major Total has signed a 10-year sales and purchase deal with China's independent gas company Guanghui. Under the scope of this contract 0.7 million tonnes of liquified petroleum gas will be sourced from Total's global portfolio and supplied into Guanghui's regasification terminal annualy. This deal has been signed between Total and Guanghui International Gas Trading Co Ltd, a unit of Guanghui Energy.

Total resumes operations at Normandy Refinery
Dec. 1, 2018
Source: Reuters

Total resumes operations at Normandy Refinery

French supermajor Total has announced the restart of its Gonfreville refinery in France’s Normandy region. Operations at the 253,000 barrel-per-day refinery were disrupted due to a week-long strike that affected output and deliveries. The CGT union of France put off the on-going strike on Thursday evening. A Total spokeswoman confirmed the news, stating that the deliveries had resumed on Friday.

CGT calls a two-day strike at Total refineries
Nov. 21, 2018

CGT calls a two-day strike at Total refineries

Pay and bonus dispute has led to a two-day strike in Total's refineries and petrochemical facilities in France. This has been initiated by CGT trade union of France and may be extended if the demands are not met. The date of strike will be Nov. 21 and Nov. 22. The trade union has complained that though Total has reported profits but has maintained a freeze on bonuses.

GTT signs MoU with Dongsung Finetec
Oct. 18, 2018
Source: LNG Industry

GTT signs MoU with Dongsung Finetec

French engineering firm, GTT has inked a Memorandum of Understanding (MoU) with South Korea’s Dongsung Finetec to commercialise its LNG Brick® technology. LNG Brick offers an economical and competitive solution with an LNG fuel tank capacity below 3000 cubic meter. Both the firms are looking forward to promote the technology for LNG as fuel applications. Dongsung will construct the solution, to be outfitted on a variety of commercial vessels.

Workers reject Total’s offer, strikes to continue
Sept. 12, 2018
Source: Energy Voice

Workers reject Total’s offer, strikes to continue

Terming it “way off from agreement”, Unite workers have rejected the revised pay offered by French supermajor, Total. Workers on North Sea platforms entered a dispute in July over plans by Total to enforce three weeks on, three weeks off (3/3) working patterns. According to Unite, further strikes will be organized if the meeting scheduled for Thursday doesn't give fruitful results.

CGG and Petronas ink contract
Sept. 4, 2018
Source: World Oil

CGG and Petronas ink contract

CGG of France has received a five-year contract from Petronas Carigali, a subsidiary of Petroliam Nasional Berhad, for the development of Center for Advanced Imaging. They have agreed to collaborate to get access to CGG’s latest technological advancement. CAI will help to fast-track tailored seismic processing and give closer and direct communication facility with imaging geophysicists. It will also provide multi-physics data from Petronas’ domain from all over the world.

Total sells an asset to CNRL
Sept. 1, 2018

Total sells an asset to CNRL

The oil major of France, Total, along with its partners, has decided to sell its Alberta’s Joslyn oil sands project. The oil sands project will be sold to Canadian Natural Resources Limited (CNRL) in Canadian $225 million. Total had 38.25% stake in Joslyn project. CEO of Total said that this move will lower their exposure to Canada’s oil sands but their strategy now is to focus on low breakeven resources.

Pay and rotas issue still unresolved
Aug. 17, 2018

Pay and rotas issue still unresolved

Workers have went for a strike at three of Total’s North Sea platform of oil and gas, namely, Elgin, Dunbar and Alwyn over the issue of changes in their pay and working rotas. Though the workers had a talk with the company on Thursday but they still decided for a 24-hour strike on Monday. Furthermore, the strikes are planned for September 3 and 17, October 1, 15 and 29.

CNPC takes over the shares of Total in Iran
Aug. 13, 2018

CNPC takes over the shares of Total in Iran

CNPC, China’s energy major has taken over 50.1% stakes of the South Pars gas project previously held by France’s Total. This project is Iran’s multi-billion dollar project. Earlier CNPC had only 30% stake in the project. The French oil major signed a deal to develop phase II of the project in 2017. The French oil giant had warned to walk out in the absence of a waiver from US sanctions.

Workers come at peace with Total
Aug. 11, 2018
Source: Energy Voice

Workers come at peace with Total

Staff working at Total’s Shetland Gas Plant yesterday accepted an improved pay deal from the oil major. The improved pay covers a 15% increase in the base salary alongwith a “significant” retention bonus. Total also agreed to the retention of 3/3 rota on the basis of 168 working days, inclusive of 2 weeks of holiday. The firm has assured no negative change in the rota for three years.

Total acquires Engie’s LNG business
July 13, 2018
Source: Reuters

Total acquires Engie’s LNG business

French supermajor, Total today completed the acquisition of electric utility company, Engie’s upstream LNG business, in a deal amounting to $1.5 billion. The deal will increase Total’s overall LNG portfolio to around 40 million tonnes per year by 2020, with a 16.6% interest in Engie’s Cameron LNG project. This acquisition has made Total the second-largest player in the global LNG market.

TechnipFMC signs cooperation agreement with Oxyvinyl
June 22, 2018

TechnipFMC signs cooperation agreement with Oxyvinyl

UK-headquartered TechnipFMC has inked a cooperation agreement with Dallas-based Oxy Vinyl to provide with licensing support of its Ethylene Di-Chloride (EDC) and Vinyl Chloride Monomer (VCM) technologies. OxyVinyls holds the largest market interest in licensing of both technologies. The agreement will be managed by TechnipFMC’s operating center in Lyon, France. The center will also carry on the execution of the process design packages.

Total’s new investment in Angola’s oil industry
May 30, 2018
Source: UPI

Total’s new investment in Angola’s oil industry

Total, the French oil major, has decided to make an investment of $1.2b to stimulate offshore production in Angola. Angola is the second-largest oil producer in Africa, though a period of lower oil prices and field maturation are curbing its potential. Total has regarded this new investment as the opening of a "new chapter" in the deep waters of Angola. Total leads a consortium developing the Zinia 2 offshore development.

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