Tag: Total

Total inked an agreement for the development of an LNG import floating terminal in Benin; the FSRUs are a better investment for an oil and gas company, in comparison to LNG carriers, as Drewry previously stated. Therefore, in order to take advantage of a FSRU's benefits, one has to get an insight on how it works. 

French oil major Total, the Republic of Benin and the Société Béninoise d’Energie Electrique (SBEE) have signed the Gas Supply Agreement and the Host Government Agreement for the development of an LNG import floating terminal in Benin.

A year after Total signed a MoU with the Government of Oman to develop natural gas resources in the region, the French oil and gas player awarded a contract to Houston-based McDermott International, to provide front-end engineering design (FEED) services for the Sohar LNG bunkering project in Oman.

Denmark has put a fine on French oil and gas major Total, of 500,000 Danish crowns ($75,145) for discharging chemicals in the North Sea, by a company it acquired in 2017, according to the Danish broadcaster DR. The former oil unit of Maersk, Maersk Oil, was reported to the police by the Danish environmental protection agency, back in 2017.

On June 27, Greece granted licenses to ExxonMobil as well as Total to search for hydrocarbons off the island of Crete. This move marks the country’s first major attempt into an oil and gas search in the area. The companies have an eight-year research and exploitation license in two offshore blocks, located south and south-west of Crete.

Geoservices company Shearwater GeoServices announced on Tuesday, June 25, that it will conduct a 4D seismic survey by Total E&P Danmark A/S (“Total”) this summer. Specifically, the area surveyed will be the Tyra, Tyra SE, and Roar fields, which are located offshore Denmark.

Anadarko Petroleum sanctioned its Mozambican liquefied natural gas project, Mozambique LNG. According to Wood Mackenzie the company is developing Mozambique's first onshore LNG facility, initially consisting of two LNG trains with a total nameplate capacity of 12.88 million tonnes per annum (mmtpa).

Total has agreed with Toshiba to take over its portfolio of LNG. It includes a 20-year agreement for 2.2 million tonnes per annum of LNG from Freeport LNG train 3 in Texas and the gas transportation agreements on the pipelines feeding the terminal. Train 3 of the Freeport LNG plant is planned to start commercial operations by the second quarter of 2020.

Total announced that the Cameron LNG project has achieved first LNG production from train 1. The project will begin exports in the following weeks. Phase 1 of the Cameron LNG project of 13.5 million tonnes per annum capacity includes three LNG trains of 4.5 Mtpa each. Construction is currently taking place for trains 2 and 3 with first production expected by the turn of the year and mid-2020 respectively.

Lebanon's Council of Ministers gave the green light on the launch of the Second Offshore Licensing Round on April 4. The Council has invited companies to issue their bids for the available acreage. According to Petroleum-Geo Services, a Norwegian seismic company, the interested parties are to submit their applications for Blocks 1, 2, 5, 8 and 10 before the 31st January 2020.