Saturday 31 January 2015
 
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Total

Total plans to cut spending over cheap oil

The chief executive of Total said the French oil company would slash spending on exploration by 30 per cent this year due to the drop in the price of oil. Patrick Pouyanne told the daily Le Monde that "these past two

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Beltone, Total to set up solar plant in Egypt

Beltone Capital and the Egyptian unit of France’s Total plan to spend about $100 million on the development of a 50-MW solar project in Egypt, said a report. The duo has received the Ministry of Electricity’s approval

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Beltone, Total to set up solar plant in Egypt

Beltone Capital and the Egyptian unit of France’s Total plan to spend about $100 million on the development of a 50-MW solar project in Egypt, said a report. The duo has received the Ministry of Electricity’s approval

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Total makes new oil discovery in Iraqi Kurdistan

French oil major Total said it had struck oil and gas near the city of Arbil in the autonomous Kurdistan region of Iraq, its second discovery in the Harir block in two years.   The discovery is welcome news for T

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Total Freight International opens warehouse at DWC

Freight forwarding specialist Total Freight International has opened its 6,500-sq-m warehouse at Dubai World Central’s logistics district. The Total Freight Logistics Centre will facilitate cargo warehousing and distribution

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Total faces French trial over Iran contracts

French oil company Total is to face trial in France over corruption allegations relating to Iranian contracts dating from the 1990s and early 2000s, the Paris prosecutor's office said.   Total agreed last yea

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Foreign oil firms to demand lucrative terms from Iran: Total

Iran will have to offer attractive terms to draw investment by international oil companies because the firms have become more risk-averse and focused on profitability, a senior executive of French oil company Total said.  

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Total names refining boss to replace De Margerie

French oil company Total has appointed refining boss Patrick Pouyanne as chief executive to succeed Christophe de Margerie who was killed in a plane crash in Moscow this week.   Pouyanne, 51, head of refining, ha

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UAE looks to offer energy companies new deals

UAE is looking to offer energy companies such as BP, Royal Dutch Shell and Total ‘a good chance to compete’ for concessions in the nation’s biggest onshore deposits of crude oil, according to a report. Its Energy

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Total wins Egypt gas exploration licence

French oil company Total has been awarded a licence to explore for natural gas in the Nile Delta, a source in the state-run Egyptian Natural Gas Holding company (Egas) said on Monday. "France's Total won the bid to explor

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