Tag: Total

Lebanon’s authorities approved an exploration plan submitted by a consortium of Total, Eni and Novatek for search for  its first oil and gas reserves. According to Energy and Water Minister Cesar Abi Khalil, Lebanon wants to launch a second offshore round by the end of 2018 or beginning of 2019.

French oil and gas major Total inked an agreement with Russian LNG producer Novatek to acquire a direct working interest of 10% in Arctic LNG 2, the giant LNG project lead by Novatek on the Gydan Peninsula in the north of Siberia. The deal was signed in the presence of the Russian and French Presidents.

French energy major Total announced it will not be in a position to continue and take any further commitment related to the South Pars 11 project, following the US withdrawal from the JCPOA, re-imposing the US sanctions that were in force before the JCPOA’s implementation. 

Total signed a Memorandum of Understanding with the Government of Oman to develop natural gas resources in Oman. This MoU covers both upstream and downstream businesses. Total and Shell will develop several natural gas discoveries located in the Greater Barik area on onshore Block 6.

French oil major Total and Google Cloud signed an agreement to jointly develop artificial intelligence solutions applied to subsurface data analysis for oil and gas exploration and production. The agreement focuses on the development of AI programs that will make it possible to interpret subsurface images.

Robots could soon be working autonomously alongside humans on a North Sea platform, as part of a new project from the Oil & Gas Technology Centre, Total and taurob, in partnership with Technische Universitaet Darmstadt. The 18-month project will develop and trial a mobile robot for autonomous operational inspection on Total’s facilities.

After the Greek Ministry of Environment & Energy released a Call for Tenders regarding the exploration and exploitation of hydrocarbons Offshore West Crete and Southwest Crete, a consortium of Total, ExxonMobil and Hellenic Petroleum, submitted  offers for these two lease block areas.  

The Danish Energy Agency approved Maersk's sale of Maersk Oil to global oil major Total, including the conditions for such a transfer. As part of the agreement Total will take over Maersk Oil’s organisation, portfolio, obligations and rights with minimal pre-conditions.

French Total, Borealis and NOVA Chemicals Corporation announced that affiliates of the three companies have signed definitive agreements to form a joint venture in petrochemicals on the US Gulf Coast. Under the joint venture, Total will own 50% and Novealis Holdings LLC, a joint venture between Borealis and NOVA Chemicals, will own the remaining 50%.

Total selects AVEVA for information management