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Mozambique Area 1 LNG project : Afreximbank commits $400m funding

Mozambique Area 1 LNG project : Afreximbank commits $400m funding

The Mozambique Area 1 LNG project, which is being planned to be developed by Total and its partners with an investment of $20 billion-$24 billion, has secured a financing commitment of $400 million from the African Export-Import Bank (Afreximbank). The amount from the multilateral trade finance institution will be in the form of guarantees and […]

Total Gabo to sell certain mature Gabonese assets to Perenco

Total Gabo to sell certain mature Gabonese assets to Perenco

French oil and gas giant Total said its subsidiary Total Gabon has agreed to offload its interests in seven mature non-operated offshore fields and also interests and operatorship in the Cap Lopez oil terminal in Gabon to Perenco for a consideration ranging between $290 million and $350 million. The final price for the sale will […]

Kwaskwasi discovery : Apache, Total report third discovery in Block 58, Suriname

Kwaskwasi discovery : Apache, Total report third discovery in Block 58, Suriname

Kwaskwasi discovery : Apache Corporation and Total have made a significant third discovery in the Block 58 offshore Suriname following the drilling of the Kwaskwasi-1 well with the Noble Sam Croft drilling ship. The other two discoveries in the offshore Surinamese block are the Maka Central discovery made in January 2020 and the Sapakara West […]

Mozambique LNG project : Total signs $14.9bn financing agreement

Mozambique LNG project : Total signs $14.9bn financing agreement

French oil and gas giant Total has secured financing for the $20 billion Mozambique LNG project with the signing of a $14.9 billion senior debt financing. The project, which represents the first onshore LNG development in Mozambique, calls for the development of the Golfinho and Atum natural gas fields in Offshore Area 1 concession and […]

Johan Sverdrup project phase 2 : Odfjell Drilling’s Deepsea Atlantic rig set to drill 12 wells

Johan Sverdrup project phase 2 : Odfjell Drilling’s Deepsea Atlantic rig set to drill 12 wells

Odfjell Drilling is set to win a contract worth around $150 million to deploy its Deepsea Atlantic rig for Equinor and its partners for the drilling of a dozen wells for the Johan Sverdrup project phase 2 in the Norwegian North sea. The Deepsea Atlantic rig was previously used during the phase 1 development of […]

Eni makes Bashrush gas discovery in Nile Delta, Mediterranean Sea

Eni makes Bashrush gas discovery in Nile Delta, Mediterranean Sea

Bashrush gas discovery : Eni, BP, and Total have made a new gas discovery in the Mediterranean Sea off the Egyptian coast following the drilling of the first wildcat well targeting the Bashrush prospect in the North El Hammad license. The new gas discovery in the Nile Delta is located in 22 meters of water […]

Qatar Petroleum to join Total in Ivorian-Tano basin, Côte d’Ivoire

Qatar Petroleum to join Total in Ivorian-Tano basin, Côte d’Ivoire

Qatar Petroleum has signed a farm-in deal with French oil and gas giant Total to acquire a 45% participating stake from the latter in blocks CI-705 and CI-706 in the Ivorian-Tano basin in the waters of Côte d’Ivoire. Spread over nearly 3,200 square kilometers, the two blocks are said to offer multi-target hydrocarbon prospects in […]

Total scraps plans of acquiring Occidental Petroleum’s assets in Ghana

Total scraps plans of acquiring Occidental Petroleum’s assets in Ghana

French oil and gas giant Total has scrapped its plans to acquire the Ghanaian assets of Occidental Petroleum as part of a larger deal signed in August 2019. As per the deal, Total under a purchase and sale agreement (PSA) was to acquire the assets of Anadarko Petroleum in Africa with the latter merged into […]

Equinor, Shell and Total to invest $680m in Northern Lights CCS project

Equinor, Shell and Total to invest $680m in Northern Lights CCS project

Oil and gas giants Equinor, Shell and Total have taken the decision to make initial investments of nearly NOK 6.9 billion ($680 million) in the Northern Lights CCS project, the first-ever carbon capture and storage project (CCS Project) on the Norwegian Continental Shelf. Equinor said that plans for development and operation of the CCS project […]

Anchor oil field : Williams to deliver natural gas transportation services

Anchor oil field : Williams to deliver natural gas transportation services

Williams has signed an agreement with Chevron and its partner Total E&P USA to deliver offshore natural gas transportation services to the Anchor oil field development in the US Gulf of Mexico. The Anchor oil project is located 140 miles off the Louisiana coast in the Green Canyon area. Chevron is looking to drill multiple […]

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