Total News


Total Says Geopolitics Hurting Crude Supply

Oct 18, 2019

Oil markets have lost 2 million barrels per day (bpd) of crude supply this year due to geopolitical issues, a senior executive at French oil and energy group Total said on Friday at a conference.The geopolitical issues that led to the crude supply loss include U…

PNG to seek more from Exxon on P'nyang deal than Total's Papua LNG

Sep 26, 2019

Papua New Guinea will press Exxon Mobil Corp for 'far better' terms on its P'nyang gas project than the government secured in a recent agreement with Total SA for its Papua LNG project, the country's petroleum minister said.The P'nyang field will help feed an expansion of Exxon's PNG LNG plant…

Total CEO: Britain Must Stick by Brexit Mistake

Sep 03, 2019

The chief executive of French oil major Total believes that Britain should stick by its decision to leave the European Union even though he thinks it is a fundamental mistake that could be a real issue for the UK economy'It's a choice. It's democracy…

Total Extends Pacific Santa Ana Gig

Aug 14, 2019

Offshore drilling contractor Pacific Drilling has been awarded a one-well extension for its drillship working for French oil major Total in Offshore Mauritania.Pacific Santa Ana is expected to run from this month to September, said offshore ultra-deepwater drilling company…

Total's Investments in Tellurian Totals $907mln

Aug 08, 2019

Tellurian, an integrated global natural gas business firm, announced that it entered into definitive agreements with subsidiaries of Total S.A. for a $500 million equity investment in Driftwood Holdings LP, and related purchase of liquefied natural gas (LNG)…

Total Plans $5 Bln in Asset Sales

Jul 25, 2019

French energy giant Total will sell around $5 billion worth of assets, mostly from its upstream exploration and production business, as it seeks to focus on low breakeven projects that can weather weak oil prices, it said on Thursday.The company…

Suez Canal Accounts for 8% of LNG Trade

Jul 24, 2019

Total oil flows through the Suez Canal and the SUMED pipeline accounted for about 9% of total seaborne traded petroleum in 2017, and LNG flows through the Suez Canal and the SUMED pipeline accounted for about 8% of global LNG trade.'The Suez…

TRIG Acquires French Wind Farms

Jul 19, 2019

UK-based investment fund  The Renewables Infrastructure Group (TRIG) has acquired stakes in four French onshore windfarms, with a total capacity of 107.8 MW. InfraRed’s listed renewables vehicle did not disclose financial details of acquisitions…

Total, IFPEN Join Forces to Cut Carbon

Jul 10, 2019

The French Institute of Petroleum IFP Energies Nouvelles (IFPEN) and compatriot multinational integrated oil and gas company Total announced that they signed a strategic R&D partnership yesterday, that includes an agreement to endow a chair at the IFP School…

Total Launches Dunga Phase 3 in Kazakhstan

Jul 09, 2019

Total and its partners have approved the launch of Phase 3 development of the onshore Dunga field in the Mangystau Region of western Kazakhstan.Phase 3 of the Total-operated field will consist of adding wells to the existing infrastructure and…

Total Cuts 200 Jobs in Denmark

Jun 20, 2019

French oil major Total SA said on Thursday it would cut 200 jobs in Denmark as part of the redevelopment of the Tyra gas fields in the North Sea.Total, which bought A.P. Moller-Maersk's oil and gas business in 2017, will shut production at the…

Total Launches New Supercomputer

Jun 18, 2019

Energy major Total said its new supercomputer - which has propelled it to a world ranking as the most powerful computer in the sector - will enable its geologists to find oil faster, cheaper and with a better success rate.The Pangea III computer…

Total Takes Over Toshiba's U.S. LNG Biz

Jun 04, 2019

French energy giant Total takes over the liquefied natural gas business of Japanese outfit Toshiba's Freeport LNG train tolling agreement and gains $800 million.The French oil and gas company will is paying $15 million for the shares in the Texan assets…

Total to Discuss Anadarko Assets with Algeria

May 29, 2019

Total will meet Algerian authorities for talks over its plans to buy Anadarko's assets in the country and is not worried by media reports that Algiers would block the deal, Chief Executive Patrick Pouyanne said on Wednesday.'We will meet Algerian authorities very soon…

Occidental Agrees to Sell Anadarko Assets to Total

May 06, 2019

Texas-headquartered Occidental Petroleum has reached an agreement to sell Anadarko Petroleum's oil and gas assets in Africa to French oil major Total for $8.8 billion.The binding agreement with Occidental to acquire Anadarko’s assets in Africa (Algeria…

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