French energy producer Total could invest up to $10 billion in the North Sea over the next five years but cost discipline must be maintained as a matter of urgency, CEO Patrick Pouyanne said on Sept. 3.
As part of its efforts to cut costs the company had looked at joint oil and gas infrastructure decommissioning in the region with peers Royal Dutch Shell and BP, Pouyanne said during an industry conference in Aberdeen, Scotland.
He added that Total intended to participate in an upcoming offshore wind bid round in Scotland as the firm continues to expand investments in low carbon and renewable energy.
Total was not limited by funds to invest in low carbon power projects, but by the capacity to develop projects, he said.
Activist investor Elliott Management offered to buy oil and gas producer QEP Resources in an all-cash deal valued at $2.07 billion, saying that the company is "deeply undervalued."
Here’s a quicklist of oil and gas assets on the market including Vitruvian’s position in the Eagle Ford Shale plus a package of operated properties in Colorado’s Raton Basin.
Here’s a quicklist of oil and gas assets on the market including an operated and nonop position in the Delaware Basin and a package of core Stack, Merge and Scoop assets from Castell Oil.