Nigeria has reached a $5.1b settlement to reimburse foreign oil companies, including Exxon Mobil Corp. and Royal Dutch Shell Plc, for past operating costs, Bloomberg reported. Nigeria’s Oil Minister, Emmanuel Ib...
Iran and Oman discuss an opportunity to launch a sub-sea gas pipeline project between the two countries with three major international oil companies, Shell, Total, and Korea Gas Corp, reported Global Times. Iran plans...
Total’s President of Exploration and Production in the United Arab Emirates (UAE), Hatem Nuseibeh, confirmed that the company will continue investing in the country. Furthermore, the company plans to be part of ...
Angolan state oil company Sonangol and its partners including oil major Chevron have started production at the Mafumeira Sul oil field with an initial output of 10,000b/d, Reuters reported. The Mafumeira Sul project i...
Total’s Head of Middle East Exploration and Production, Stephane Michel, said that the company signed memorandum of understanding (MoU) with the National Iranian Oil Company (NIOC) to develop a major offshore gas fie...
Kuwait Petroleum Company (KPC) has agreed to sell gasoil and jet fuel under long-term contracts for 2017 at almost half its 2016 premiums, reported Reuters. A drop in purchases by Kuwait’s long-standing term cus...
The Ugandan Energy Minister, Irene Muloni, stated that Total SA, the French oil company drilling wells in Uganda, agreed to take a 10% stake in the country’s planned refinery as it seeks other investors for the $4b pl...
China National Offshore Oil Corporation’s (CNOOC), Vice President, Li Yong , said that CNOOC and France’s Total are in final talks over the construction of Uganda’s oil pipeline that will run up to the Tan...
Total, Glencore and Gunvor are bidding for a 75% stake in Chevron’s South African downstream assets, which include a 110,000b/d refinery in Cape Town, Reuters reported. The second bidding round in which actual o...
Algerian state owned oil consortium, Sonatrach has won a law suit against Spanish Repsol in the International Court of Arbitration over profit sharing. The Spanish company, together with other firms, had alleged that ...