Total News

Total Withdraws from American Petroleum Institute over Differing Views on Climate Change

Jan 15, 2021

French oil major Total has decided not to renew its membership with the U.S. oil and gas industry association American Petroleum Institute (API), over the differing climate positions, as well as over API's support for candidates who oppose Paris Agreement…

Total, Apache Make Another Oil Find Offshore Suriname

Jan 14, 2021

French oil giant Total and its partner Apache said Thursday they'd made a new significant oil and gas discovery at the Keskesi East-1 well, in Block 58 off the coast of Suriname. This follows previous offshore discoveries in the Block at Maka Central…

Total to Keep Investing in Renewables in 2021, says CEO

Jan 08, 2021

Total will be as active in adding renewable energy assets in 2021 as it was last year, Chief Executive Patrick Pouyanne told an Oddo BHF conference on Friday. Total is trying to reduce its dependence on oil and shift towards electricity and renewable energy…

Total, Partners Get Hold of Offshore Block in Egypt

Jan 04, 2021

A Total-led international consortium of oil and gas companies has signed an exploration and production agreement for the North Ras Kanayis offshore block located in the Herodotus Basin, offshore Egypt in the Mediterranean Sea.France-based Total is the operator with a 35% stake…

Total CEO: North Sea Could Switch from Oil Reservoir to CO2 Storage

Dec 15, 2020

The North Sea could be switched from a depleting oil and gas basin to a site for storing carbon dioxide under the seabed, Total CEO Patrick Pouyanne said on Tuesday.The French oil firm is one of the partners in the Northern Lights project, which…

Total, ADNOC in Carbon Capture Pact

Nov 12, 2020

French oil major Total and Abu Dhabi's oil firm ADNOC have signed agreements to jointly work on opportunities in the areas of CO2 emission reductions and carbon capture, utilization, and storage (CCUS).'The agreement brings together the best-in-class in low carbon technologies from ADNOC and Total…

Total Looking to Sell Stakes in Several Offshore Oil Fields in Angola?

Nov 04, 2020

Total is seeking to sell stakes in a number of Angolan oilfields, in what is seen as an early sign of an expected wave of divestments by big energy companies from the West African country, industry sources said.Total could raise around $300…

Total Keeps Dividend But Cuts Investment Target

Oct 30, 2020

Total trimmed its 2020 investment target on Friday after a sharp drop in third-quarter net profit, though the French oil and gas producer maintained its dividend.The company cut its investment target to $13 billion from $14 billion and said it was keeping a lid on operating costs too…

Total Makes Another Major Discovery Offshore South Africa

Oct 28, 2020

French oil major Total has struck another major gas condensate discovery offshore South Africa.The company said Wednesday it had made a significant gas condensate discovery on the Luiperd prospect, located on Block 11B/12B in the Outeniqua Basin…

Total Buys into French Floating Wind Project

Oct 07, 2020

French energy giant Total has entered the floating wind farm business in France with the acquisition of a 20% stake in the Eolmed floating wind farm pilot project, located in the Mediterranean, off the coast of Gruissan and near Port-La-Nouvelle…

Brazil: Total Transfers Foz do Amazonas Block to Petrobras

Sep 28, 2020

French oil major Total will transfer its rights in five blocks in Foz do Amazonas Basin off Brazil to Brazil's national oil company Petrobras, and exit the basin.To remind, Total earlier in September announced its decision o give up operatorship over the five exploration blocks in ultra-deep waters…

Siem Offshore PSV Duo Wins Long-term Charters with Total in Brazil

Sep 11, 2020

French oil company Total has awarded two-year contracts to Norway's Siem Offshore for the Siem Atlas and Siem Giant platform supply vessels.Siem Offshore said on Friday that, apart from the two firm two-year deals for the PSV Duo, Total's Brazilian…

Brazil: Total Gives Up on Foz do Amazonas Offshore Blocks

Sep 07, 2020

French oil major Total has given up operatorship over five exploration blocks located in the Foz do Amazonas Basin, offshore Brazil.'Total announces that it has notified its partners on August 19 about its resignation from its role of operator for five exploration blocks…

Total, Macquarie’s GIG Form Floating Offshore Wind JV in South Korea

Sep 01, 2020

French oil giant Total and Macquarie’s Green Investment Group (GIG) are forming a joint venture to develop a portfolio of 5 large floating offshore wind projects in South Korea with a potential cumulated capacity of more than 2 gigawatts (GW)…

Total Resumes Angola Oil Drilling

Aug 17, 2020

France's Total has restarted oil drilling in Angola and new exploration ships will also soon resume work, the company's country chair Olivier Jouny told trade publication Africa Oil & Power on Monday.All drilling activity ground to a halt in…

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