The state-owned Algerian
oil giant Sonatrach has announced that it has awarded
exploration and productions contracts for three areas in
a licensing round in the North African country. The
three bid winners were consortia led by the supermajors
Total (France), Repsol (Spain) and China’s CNOOC.
Total acquires Qatar block stake
France’s
Total has acquired a 25% stake in Qatar’s Block BC
offshore exploration license, state-owned Qatar
Petroleum said in a statement.Total to buy 12% of Russia’s OAO Novatek for US$4B
Total,
Europe’s third-biggest oil company, agreed to buy 12% of
OAO Novatek and join the gas producer’s Arctic LNG
project to expand in Russia.
Total 2010 profits soar to 10 bn euros
French
oil giant Total saw its profits soar by a third in 2010
to 10.3 billion euros ($14 billion), driven by
recovering crude prices, it said in an earnings
statement on Friday.
Oil at $90 is a good price: Total CEO
Qatar in Raslaffan project talks with Total, Shell
Qatar
is in talks with Total (TOTF.PA: Quote) and Royal Dutch
Shell (RDSa.L: Quote) to develop the Raslaffan
petrochemical complex, Qatari Energy Minister Abdullah
al-Attiyah said on Tuesday.
Aramco, Total win more financing for refinery
State-run
Saudi Aramco and France’s Total have signed a $1.3
billion loan agreement with Saudi Public Investment Fund
(PIF) in the latest stage of financing for their joint
oil refinery, state news agency SPA reported.
Total says has halted oil products trade with Iran
French
oil major Total (TOTF.PA) has halted all its trade in
oil products with Iran in compliance with a European
embargo, Total Chief Executive Christophe de Margerie
said in an interview.
Iraq,
Shell ink initial deal on Majnoon oilfield on Sunday,CNPC and Total on
Helfaya field on MondayIraq will sign preliminary contracts from today, with oil companies that bid successfully last week for seven fields, oil ministry spokesman Assem Jihad said.
Total
Energie undercut, loses out on Iraqi oilfieldsFrance’s Total was disappointed to lose out in Iraq’s oil auction this week but was unwilling to bid aggressively to win deals on some of the world’s largest fields, its chief executive said on Saturday.
Total,
Air Liquide eye UAE green energy dealsABU DHABI, Nov 4 (Reuters) - French energy companies, such as Total (TOTF.PA) and Air Liquide AIR.PA, are bidding for contracts and could invest in a new $15 billion carbon-neutral city in Abu Dhabi, France’s foreign trade minister said.
Iraq opens 8 oil & gas fields for international bidding
Iraq
has opened international bidding for eight large oil and gas fields, paving the
way for big investments in a nation with one of the world’s largest petroleum
reserves.
Saudi Aramco, Total sign
$9.6B refinery deals
State run oil giant Saudi Aramco and France’s Total S.A. on Tuesday signed $9.6 billion in deals with contractors to build the 400,000 barrel per day Jubail export refinery, one of the oil-rich kingdom’s top projects.
Total expects to establish UAE nuclear project in the second half of the Year
A
senior official company in Total giant French oil company said
it was likely to sign a contract with United Arab Emirates to
build two nuclear reactors in the second half of 2009.
Iraqi Vice-President: There are good
opportunities to sign contracts with Total
Iraqi Vice President Adel Abdul Mahdi said on Wednesday that France’s Total Group opportunities are “very good” to win good contracts in Iraq. This came after he was received by French President Nicolas Sarkozy in Paris .
Emirates renew gas excellence to Shell ,Total and Partex
Emirates
News Agency (WAM) said that Abudahbi renewed gas excellence with Royal
Dutch Shell ,Total and Partex companies.
Iraq asks Total, Chevron, Statoil to bid on oilfield
Iraq
has invited France’s Total (TOTF.PA) and U.S. firm Chevron Corp (CVX.N)
to jointly bid against Norway’s StatoilHydro (STL.OL) for a contract to
develop its 6 billion barrel Nahr Bin Umar southern oilfield, the Oil
Ministry said on Tuesday.
Total
investigates chemical material store fire in Hadermout… no casualties
Total French company for Gas and oil production in Yemen announced that emergency union in the company extinguish fire in one of the companies store in 14 block in Massela in province of Hadramout south east Yemen.
Total:
oil production reaches its peak
Christopher De Marjury executive chief of Total gas and oil Company warned that world will not be able to produce more than 89 million barrel of oil per day indicating to the high prices of areas like Canada and the political restrictions on states like Iran and Iraq.
Total
quarterly profit drops 54% on oil price declines
French oil giant Total said yesterday that its second-quarter net profit fell 54% from the figure 12 months earlier to €1.7bn ($2.38bn) as crude prices tumbled.
Total
profits in last phase exceeded expectations
Total company announced decrease in its profits by 8% in the final phase of last year due to drop of oil prices and productions. But the company said that its profits exceeded expectations saying that it will go on investing in hope that the demand on energy revive.
De
Marjuri defends the advantages of high energy prices
General manager and head of the executive body of Total Christophe de Marjuri said on Saturday that high energy prices are helpful in dissuading people from the waste that causes pollution of the environment and make the extraction possible from various sources such as northern Canada.
Total:
Oil prices remain high
Christophe De Marjuri Director General of French Oil Group Total said that oil prices remain high and will not drop off in general less than the technical edge of 80 $ for barrel the cost of production.