BP’s 50%-owned solar energy firm Lightsource BP yesterday closed a US$250 million financing package for a US-based project, while fellow oil major Total followed suit in confirming a deal to acquire a French wind power company. Despite fears surrounding the potential impact of the COVID-19 outbreak,...
French oil major Total has cemented its position as the UK’s top gas producer after bringing online the Culzean field in the North Sea ahead of time and under budget. The Culzean field, operated by Total with a 49.99% interest along with BP and JX Nippon,...
Total has signed an agreement with Toshiba that will see it take over the Japanese group’s LNG business in the US, as the French energy giant looks to become a major player in the global LNG market. Under the transaction, Total will acquire all the shares...
Total SA’s chief executive Patrick Pouyanne has said his company’s planned acquisition of US oil firm Anadarko’s African assets is ‘perfectly fitting’ with its overall strategy. The French energy giant agreed to buy all of Anadarko’s oil & gas assets outside the US for US$8.8 billion,...
Patrick Pouyanne, chief executive of French oil giant Total, has revealed the company will approve plans to proceed with the Ikike project in Nigeria in the coming months. The 60,000 barrels per day (bpd) offshore facility is one of several projects owned by Total in Nigeria....
Chevron, Total and Indian refiner Reliance Industries are the latest major oil companies to have joined London-based blockchain trading platform Vakt. Vakt was created in 2017 by a consortium comprised of BP, Royal Dutch Shell and Norway’s Equinor to be one of the first blockchain pilot...
The world’s largest oil companies spent only around 1% of their budgets on clean energy in 2018, but European firms have made greater investments in low carbon technology compared to their US and Asian counterparts. A fresh study by environmental research organisation CDP found that Europe’s...
International oil and gas majors attending this year’s Future Investment Initiative in Riyadh have been unfazed by the recent killing of a Saudi Arabian journalist, with Saudi companies negotiating oil, gas, metals and infrastructure deals worth US$50 billion at the event. The opening of the conference,...
Total (LSE:TTA) has become the second largest owner of liquified natural gas (LNG) assets globally after scooping up state-backed French energy firm Engie’s upstream LNG assets for US$1.5 billion. The oil major said the purchase will see it produce an overall volume of around 40 million...
Total (LSE:TTA) and Chevron (NSE:CVX) have signed an agreement for exploration in the Gulf of Mexico, which will see the former capture seven deepwater prospects operated by Chevron. The French oil major will gain the right to explore the associated prospects in two promising plays and...