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The drop, according to Norway-headquartered Rystad Energy, could result in oil reserves running out within 15 years if large…
The project includes the drilling of nine wells and is expected to reach production of 40,000 barrels of oil per day by mid-2022,…
The project had been delayed due to the pandemic.
French energy group Total, which is branching into renewable energy and diversifying away from hydrocarbon-centered activities,…
The violence in March has dealt a blow to plans by Total and rival Exxon Mobil, which also has an LNG project in Mozambique, to turn…
New Financings
Issued hybrid bonds comprised with proceeds used to finance its development strategy, mainly acquisitions…
Bought back 3.1 million shares at approximately US$82.02 each.
Activity Highlights
Total has reported the results of drillstem tests at the #1X-Luiperd discovery in Block 11B/12B in the Outeniqua Basin, offshore South Africa. The venture intersected 85 m gross sands with 73 m (net) good quality pay in the main target interval.…
Paris-based Total is planning to drill a second exploratory well in offshore Lebanon Block 9 territorial waters. The first test on nearby Block 4 at #16-1 Byblios did not find hydrocarbons. Block 9 also has a possible reserve in its carbonate…
Total SA will begin exploration drilling in offshore Lebanon’s Block 4. It will be the first exploration well on the block. The drilling in Block 4 will test the northward extension of Oligocene and Miocene sandstones (Tamar Sands) found in…
United Kingdom
Paris-based Total SA announced results from discovery at #30/12d-11 Isabella in offshore U.K. license P1820. The well was drilled in a water depth of about 80 m. It encountered 64 m net pay of lean gas and condensate and high-quality light oil in…
Tarrant
TX
United States
Two Tarrant County (RRC Dist. 5), Texas, Barnett Shale wells were reported by Fort Worth, Texas-based TEP Barnett USA. The Newark East Field wells were drilled from a drillpad in Lewis G Tinsley Survey, A-1523. The #2H Carden-Heidi-Little was…
Transactions
France’s Total Buys Texas Solar Projects Outside Houston
France’s Total Buys Texas Solar Projects Outside Houston
France’s Total Buys Texas Solar Projects Outside Houston
France’s Total Buys Texas Solar Projects Outside Houston
Total to Buy $2.5 Billion Stake in Adani Green Energy
Total to Buy $2.5 Billion Stake in Adani Green Energy
Total Buys Stake in $2 Billion Mexico LNG Project
Total Buys Stake in $2 Billion Mexico LNG Project
Tullow Oil Exits Uganda Project in $575 Million Sale to Total
Tullow Oil Exits Uganda Project in $575 Million Sale to Total