Total

Oil

Total looks to Africa for output growth

Source: 
Reuters

The French oil giant Total is hoping its African projects will increase its output by 25 percent over the next five years, Reuters reports.

Court convicts in deadly 2001 French factory blast

PARIS (AP) — A court in southwestern France on Monday convicted a factory chief and a subsidiary of oil giant Total of manslaughter for an explosion at a chemical plant in 2001 that killed 31 people.

The appeals court overturned earlier acquittals, 11 years after the blast that tore apart the AZF plant in Toulouse with the force of a 3.4-magnitude earthquake. Some 2,000 people were injured.

Oil

Iraq warns Total about Kurdish deal

Iraq has asked French oil giant Total S.A. to choose between working with the self-ruled northern Kurdish region or to quit developing one of the major oil fields in southern Iraq.

Last month, Total said it signed a deal with the Kurds to search for oil in two areas, defying Baghdad. Iraq's central government insists the country's energy resources should be managed on a national level.

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.

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