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Total renews CGG's contract at DPC
Feb. 14, 2020
Source: World Oil

Total renews CGG's contract at DPC

Oil supermajor, Total has awarded a contract renewal to CGG's Geoscience division, to continue operations at its Dedicated Processing Center (DPC) in France. The contract renewal will extend CGG's activities for the next five years. The two firms have been collaborating at the DPC since 2006. The DPC has been recognized for excellence, especially in 4D processing.

Apache finds oil in Suriname
Jan. 8, 2020
Source: Reuters

Apache finds oil in Suriname

Apache Corp and Total’s major oil discovery on Tuesday in Suriname sent Apache’s shares soaring to nearly 27%. Apache said the discovery conformed to a geologic model with 73 meters of oil pay and 50 meters of light oil and gas condensate pay, with more appraisal planning underway. Apache’s contract with Total included $100 million upfront payment and expenditures sustained in exploration.

BP joins the force to improve recyclability of petroleum-based products
Dec. 20, 2019
Source: World Oil

BP joins the force to improve recyclability of petroleum-based products

After Total, BP has also come together with the companies across the plastic value chain to rapidly improve the recycling technology. “This is an exciting step towards a circular economy for the polyester industry”, says BP. The cross country partners of BP are Danone SA and Unilever NV, and recycling specialist ALPLA. However, BP has been already working on a technology called Infinia which is used for polyethylene terephthalate.

Total to acquire stakes offshore Angola from Sonangol
Dec. 18, 2019

Total to acquire stakes offshore Angola from Sonangol

Oil supermajor, Total has inked an agreement with Angolian state-owned Sonangol to buy stakes in two blocks of the Kwanza Basin, offshore Angola. The deal will gain Total ownership to 50% working interest in Block 20/11, and 80% working interest in Block 21/09. While the payment of $400m to Sonangol will come upon completion of the transaction, another $100m will be funded after reaching a final investment decision (FID).

Tyra field monitoring work awarded to Emerson
Nov. 26, 2019

Tyra field monitoring work awarded to Emerson

Emerson Automation Solution has secured the monitoring contract for the Tyra gas field redevelopment project from Total E&P Denmark. Emerson will deploy its wellhead pressure monitoring technology to the gas field in the North Sea, in order to improve safety during the project redevelopment. Total initiated the redevelopment of the facility due to seabed subsidence.

Different takes of oil companies on BPCL's privatisation
Oct. 15, 2019

Different takes of oil companies on BPCL's privatisation

Total and Reliance Industries might not bid for acquiring India's BPCL. Further, BP wants to explore the offerings before making a decision to decide for bidding. The Indian government has decided to sell 53.29% stakes of oil refining and marketing company BPCL. The firm accounts for 15% of the total installed refining capacity of the nation. Saudi Aramco might alone bid for the stakes or may have another partner, ADNOC.

Total and Sunfire join hands to produce hydrogen fuels at refineries
Oct. 3, 2019

Total and Sunfire join hands to produce hydrogen fuels at refineries

German clean-tech company Sunfire and Total have joined hands for a pilot project in Germany. The companies will try to produce methanol from renewables and carbon dioxide at the Leuna refinery. A plant is being constructed at the refinery which will be completed next year and production is expected to start in 2021. The plant will produce 500 tonnes of green methanol in the first three years.

Tullow Oil makes second oil discovery offshore Guyana
Sept. 18, 2019

Tullow Oil makes second oil discovery offshore Guyana

British E&P major, Tullow Oil has made another discovery on the Orinduik license, offshore Guyana. This marks the second in the line of discoveries for Tullow Oil in its Jethro-1 exploration well, the first discovery made back in August 2019. The exploration well was drilled to a final depth of 2,175m using Stena Forthdrillship. The Orinduik Block is operated by Tullow, where Total and Eco (Atlantic) Oil & Gas are partners.

Arctic LNG 2 project receives greenlight by the shareholders
Sept. 6, 2019
Source: World Oil

Arctic LNG 2 project receives greenlight by the shareholders

Total, Novatek and other shareholders of the project have given an agreement on the final investment decision for Arctic LNG 2. This project is a major LNG development on the Gydan peninsula, Russia. The production capacity of the project is expected to be 19.8 MM tons per year. Total has 10% interest in Arctic LNG 2, Novatek 60%, CNOOC 10%, CNPC 10% and a Mitsui-Jogmec consortium, Japan Arctic LNG 10%.

Total farms out part of its assets to Qatar Petroleum
Aug. 28, 2019
Source: Reuters

Total farms out part of its assets to Qatar Petroleum

Total has inked deals with Qatar Petroleum to transfer part of its assets in Kenya, Guyana and Namibia. Qatar Petroleum will gain 30% and 28.33% in Block 2913B and Block 2912 respectively. Total will also let go of 40% of the company holding its existing 25% stakes in the Orinduik and Kanuku blocks. In Kenya, Total and Eni will farm out a combined 25% interest in different to Qatar Petroleum.

Total records 26% fall in 2Q profits
July 27, 2019

Total records 26% fall in 2Q profits

French supermajor, Total has reported a drop in the profits for the second quarter. Total’s adjusted net income in Q2 2019 was $2.9bn, down 26% from the same quarter in 2018. Total CEO Patrick Pouyanné said, “Markets remained volatile with Brent averaging $69 per barrel in the second quarter, an increase of 9% compared to the previous quarter, but natural gas prices were down 36% in Europe and 26% in Asia.”

Total to farm out £4billion of assets following North Sea deal
July 26, 2019
Source: Energy Voice

Total to farm out £4billion of assets following North Sea deal

French energy giant, Total has revealed plans of farming out North Sea assets worth £4billion in the current financial year. The asset farm-out news comes tailing a £510m-sale of a UK North Sea mature field package to Petrogas in July. The supermajor said that the divestment strategy is in line with Total’s goals of growing in the LNG market, and will stress on the sales in the exploration and production.

Total signs 15-year agreement with Benin
July 25, 2019
Source: World Oil

Total signs 15-year agreement with Benin

Gas Supply Agreement and the Host Government Agreement have been signed by Total, the Republic of Benin and the Société Béninoise d’Energie Electrique (SBEE). Under the agreement, LNG import floating terminal will be developed and Total will supply up to 0.5 Mtpa of regasified LNG to Benin for 15 years, starting in 2021. Benin's Energy minister has congratulated Total for its willingness to support the revitalization of its energy sector.

McDermott awarded FEED contract by Total
July 16, 2019
Source: World Oil

McDermott awarded FEED contract by Total

McDermott International has secured a FEED contract from Total Oman E&P Development in partnership with Oman Oil Company S.O.A.C. This contract is for the Sohar LNG bunkering project in Oman and the work will start immediately. Senior VP of McDermott said, "This award is a reflection of McDermott's 60-year history of delivering innovative LNG solutions worldwide, beginning with our tank storage solutions in the 1950s, to our liquefaction capabilities today".

Total and Exxon get license to explore untapped waters off Crete
June 28, 2019

Total and Exxon get license to explore untapped waters off Crete

The energy majors, Exxon and Total have been awarded licenses by Greece to search for hydrocarbons off the island of Crete. The companies will work as a consortium with Hellenic Petroleum and will have an eight-year research and exploitation licence in two offshore blocks. Greek Prime Minister said, "Today's agreement marks the utilisation by Greece of its own exclusive economic zone, following in the footsteps of other countries".

Total awards 4D seismic survey for its fields to Shearwater
June 26, 2019
Source: World Oil

Total awards 4D seismic survey for its fields to Shearwater

4D seismic survey for Tyra, Tyra SE and Roar fields of Total has been awarded to Shearwater GeoServices. This survey will be performed by Shearwater’s SW Amundsen vessel. The company has 20 years of experience in 4D source and streamer position, fleet and towing equipment, and sensor technologies. “We are pleased to see Total’s selection of the Isometrix multi-sensor acquisition system for their North Sea 4D season", said Shearwater's CEO.

Total's new supercomputer expected to transform exploration sector
June 19, 2019
Source: Reuters

Total's new supercomputer expected to transform exploration sector

The new supercomputer of Total is said to enhance efficiency, enable its geologists to find oil faster, cheaper and with a better success rate. Total informed, "The Pangea III computer build by IBM will help process complex seismic data in the search for hydrocarbons 10 times faster that before". This computer has secured top rank among supercomputers in the oil and gas sector, according to TOP500 table.

DeltaTek completed cementing services at Total's field
June 18, 2019
Source: World Oil

DeltaTek completed cementing services at Total's field

DeltaTek has successfully completed its first SeaCure deployment for Total E&P UK. This cementing service took place in Total's Ballindalloch oil field. Chief Commercial and Operations Officer of DeltaTek said, “We are absolutely delighted with the results of the Total deployment. This project was a major success and again illustrated how SeaCure can optimize drilling operations.”

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