Total

A group of 62 oil and natural gas operators, which together represent 30% of the world’s production, agreed Monday to report their methane emissions with a “higher level” of transparency. The Oil and Gas Methane Partnership (OGMP) is a Climate and Clean Air Coalition (CCAC) initiative led by the United Nations Environment Programme (UNEP), the…

Total SA has made a second significant gas condensate discovery offshore South Africa, management at the French major said Wednesday. The latest discovery is in the Luiperd prospect, in Block 11B/12B in the Outeniqua Basin, 175 kilometers (109 miles) off the southern coast of South Africa. The Luiperd well was drilled to a depth of…

French major Total SE has delivered its first carbon-neutral liquefied natural gas (LNG) cargo, with the shipment going to state-controlled China National Offshore Oil Corp. (CNOOC), Total management said this week. “This first LNG shipment, whose carbon emissions have been offset throughout the value chain, represents a new step as we seek to support our…

French supermajor Total SE aims to transform itself over the next decade by building its reach in the “two fastest growing energy markets,” liquefied natural gas (LNG) and electricity, the CEO said. In presenting the Paris-based operator’s long-range strategy on Wednesday, CEO Patrick Pouyanné said the thrust is similar to other European-based majors. The outlook…

Total SE recorded a big loss in the second quarter and took an $8.1 billion impairment as oil, natural gas and liquefied natural gas (LNG) prices all declined precipitously and the global economy reeled from the Covid-19 pandemic. An oil market crisis, historically low natural gas prices and the economic slowdown in Europe decreased petroleum…

Eni SpA, together with partners BP plc and Total SE, said they have successfully tested a well drilled on the Bashrush prospect offshore Egypt, expanding the possibility for exports to thirsty ports. Bashrush is in the Eastern Mediterranean (Med) within the North El Hammad concession, in the Nile Delta. Seven miles from the coast, the…

A roundup of news and commentary from NGI’s LNG Insight There were 29 laden LNG vessels floating worldwide on Wednesday, according to ClipperData, shy of a record 32 floating vessels in June. About 20 laden vessels had been floating for three to seven days, eight had been floating for 10-23 days, and one vessel for…

Supermajor Total SA’s year/year liquefied natural gas (LNG) sales increased by nearly 60% in 2019, driven by the start-up of liquefaction projects across the world, but its expansive holdings in the United States are expected to generate even more growth in 2020.

Supermajor Total SA’s year/year liquefied natural gas (LNG) sales increased by nearly 60% in 2019, driven by the start-up of liquefaction projects across the world, but its expansive holdings in the United States are expected to generate even more growth in 2020.