Total

Oil companies lobby for EU carbon capture support

Source: 
Bloomberg

Several oil companies, including Shell and Total, are asking the European Union for assistance in carbon capture projects as the Emissions Trading Scheme faces financial woes, Bloomberg reports.

Oil

French oil giant Total sees earnings grow

French oil giant Total saw its revenue grow 10 percent in the first half of the year but provisions and a strengthening dollar helped push profit down 22 percent.

Despite the weak economy, Total said Friday that its revenue grew to €100.3 billion ($123 billion) for January to June over the same period last year.

3 companies bid for gas drilling in Bulgaria

Three international energy companies have submitted bids for exploration and exploitation of natural gas in Bulgaria's Black Sea waters, the government said Thursday.

Energy Minister Delyan Dobrev said that U.S. Exxon Mobil, France's Total, and Canada's Melrose are bidding and that the winner will be announced by the end of next month.

Oil

Total says North Sea output to resume by year's end

Source: 
Bloomberg

European oil giant Total says the market overreacted to the company's natural gas leak in the North Sea and that after plugging the leak it anticipates resuming production by the end of the year, Bloomberg reports.

Total says leak on North Sea platform stopped

French energy company Total says a gas leak on a North Sea platform has been stopped after a 12-hour operation to pump heavy mud into a well.

Yves-Louis Darricarrere, Total's president of exploration and production, said Wednesday in a statement that "a major turning point has been achieved."

Total starts pumping mud to kill North Sea leak

Source: 
Reuters

French energy giant Total said it is now pumping mud into a North Sea well to kill the natural gas leak that's flowed for nearly eight weeks, Reuters reports.

Total says gas leak stopped at Nigeria field

LAGOS, Nigeria (AP) — French oil company Total SA said Sunday it stopped a natural gas leak at one of its plants in Nigeria's crude-rich southern delta after 54 days, an emergency that forced the firm to shut down the field and evacuate the area.

Total said it used heavy fluids and cement plugs to stop the gas flow from its Obite natural gas field in Rivers state, in the heart of the country's Niger Delta. Workers will put a cement seal on the well to permanently staunch the flow from the well, Total said in a statement.

Fred Ohwahwa, a spokesman for Total's Nigerian subsidiary, said Sunday that the company hoped to restart gas production at the plant soon, but that he didn't know an exact date. Crude oil production at the facility continued while the gas plant there was shut down during the leak, he said.

SunPower discloses losses on slowed demand

Source: 
Bloomberg

The Total subsidiary solar-panel maker SunPower reported a first-quarter loss, with demand and sales down, Bloomberg reports.

Scotland says fish are OK after North Sea gas leak

Source: 
Reuters

The government of Scotland has determined that fish in the North Sea have not been contaminated by hydrocarbons from a leaking Total platform, Reuters reports.

Oil

Petrochemicals dent profit at France's Total in Q1

French oil company Total saw its revenues grow strongly in the first quarter of the year but said Friday that a drop in European demand for petrochemicals hit profits.

While energy prices have soared amid unrest in the Middle East and tension in Iran, the economic slowdown in Europe has weighed on demand. Those high prices have buoyed Total's production business, but other sectors are struggling amid the poor economic environment.

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