Total | Egypt Oil & Gas - Part 18
Total to Supply LNG to China
European oil major Total has signed a ten-year agreement to supply 500,000 tons of liquefied natural gas (LNG) to China’s privately-run ENN Group annually, Rigzone reported. The supplies of the super-chilled nat...
Iran to Start Shipping 300,000b/d of Crude to Europe
Iran will start shipping 300,000 b/d of crude to Europe, 54% of the total it had sent before the European Union’s import embargo in 2012, according to Bloomberg. European refiners, Spanish Compania Espanola de P...
Aramco Seeking to Issue Islamic Bonds
Saudi Aramco has held talks with banks about creating a program that would include selling Islamic bonds (sukuk) over the next years, wrote Bloomberg quoting sources familiar with the matter. Issuing Islamic bonds wil...
Fitch Hints to Downgrade Major Oil Companies
Fitch Ratings Agency stated that weak oil prices in 2016 will leave five out of seven large oil companies with financial leverage above the required level, the Offshore Support Journal reported citing Fitch’s re...
Libyan National Oil Corp. Meets with Majors
The chairman of Libya’s state-run National Oil Corporation met with major oil companies to discuss plans to expand the country’s declining petroleum production, Business Day Live reports. Company chairman, Mustafa San... Total to Cut Spending in Indonesia’s Aging Gas Block
France’s Total announced its plan to cut its spending in Indonesia’s giant Mahakam gas block by 42% to $1.1b in 2016, down from $1.9b in 2015, Platts reported. The move comes as a result of lower oil and g...
France’s Total to Open Fuel Stations in Angola
France’s Total has signed a Memorandum of Understanding with Angola’s Sonangol to open fuel stations in the southern African nation, Total told Reuters. The company said that an agreement could represent a... Total Renounces Oil Survey Work off Western Sahara
French oil giant Total will halt preliminary offshore oil survey work in disputed Western Sahara, a region controlled by Morocco, due to disappointing results of the first seismic data analysis, iAfrica.com informed. ...
