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Total exits Brazil’s offshore Foz do Amazonas Basin

Total exits Brazil’s offshore Foz do Amazonas Basin

French oil and gas giant Total said that it has reached an agreement to transfer to its equity interest in five exploration blocks in the Foz do Amazonas Basin in the Brazilian waters to Petrobras. The agreement marks the exit of Total from the Foz do Amazonas Basin. The five blocks – FZA-M-57, FZA-M-86, FZA-M-88, […]

Total to convert Grandpuits crude oil refinery into zero-crude platform

Total to convert Grandpuits crude oil refinery into zero-crude platform

French oil and gas giant Total said that it will invest over €500 million for modifying its Grandpuits crude oil refinery in Seine-et-Marne, France to producing biofuels and bioplastics. The new zero-crude platform of Total will concentrate on four new industrial activities. These include renewable diesel mainly for the use in the aviation industry, production […]

Total resigns as operator of five blocks in Foz do Amazonas Basin

Total resigns as operator of five blocks in Foz do Amazonas Basin

French oil and gas giant Total said that it has stepped down as operator for five offshore exploration blocks in the Foz do Amazonas Basin in Brazil. In this connection, Total had notified its partners on 19 August regarding its resignation from operatorship of the FZA-M-57, FZA-M-86, FZA-M-88, FZA-M-125 and FZA-M-127 blocks. Total has also […]

Mozambique LNG project : Mozambican govt to provide security amid terror threats

Mozambique LNG project : Mozambican govt to provide security amid terror threats

Total said that it has signed a new memorandum of understanding (MoU) with the Mozambican government to provide security for the $20-24 billion Mozambique LNG project in the country in the wake of terror threats. The French oil and gas giant, which is the operator of the LNG project through its subsidiary Total E&P Mozambique […]

Qatar Petroleum to acquire 30% stake in Angolan Block 48

Qatar Petroleum to acquire 30% stake in Angolan Block 48

Qatar Petroleum has signed a farm-in deal with Angolan national oil company Sonangol and Total to acquire a 30% stake in Block 48 contained in the ultra-deep waters of Angola. According to Qatar Petroleum, Block 48 offers a drill-ready opportunity, which spans an area of nearly 3,600 square kilometers. Drilling in the offshore Angolan block […]

Mero oil field : Petrobras and partners to move ahead with phase 3 development

Mero oil field : Petrobras and partners to move ahead with phase 3 development

Petrobras and its partners will move ahead with the phase 3 development of the Mero oil field in the Libra block offshore Brazil, having taken the investment decision. The Mero field is located deep offshore in the prolific pre-salt area of the Santos Basin, 180 kilometers off the Rio de Janeiro coast. The partners will deploy […]

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 Gabon to sell certain mature Gabonese assets to Perenco

Total Gabon 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 […]

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