Thursday 7 May 2015
 
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Total

Total's Moroccan unit to raise $75m in IPO

Total Maroc , owned by France's Total, plans to raise between MD612 million ($61.2 million) and MD720 million ($74.48 million) in an initial public share offer, Moroccan bourse watchdog CDVM said in a statement on Saturday. To

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Shell, Total align refining units to drive profits

Top oil firms Royal Dutch Shell and Total are bringing their refining and trading operations closer together, seeking alternative ways to drive profits as oil prices fall and independent trading houses expand into their territory.

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Total pulls out of Oman exploration block

French oil and gas giant Total has pulled out of a deepwater block in offshore Oman after failing to make commercially attractive discoveries, a senior Omani official told reporters on Monday. Nasser Al Aufi, undersecretary at the

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Total puts prime North Sea field on the block

French oil major Total is selling its stake in the North Sea Laggan-Tormore oil and gas field as it seeks to shed assets after a steep fall in the oil price, banking sources said. Total is hoping to get up to $1.5 billion for its

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Egypt expects LNG deals with Shell, Total

Egypt expects to agree additional liquefied natural gas (LNG) import deals with Shell and Total and is close to paying BG Group more for the gas it produces offshore, its oil minister said. Sherif Ismail outlined several measures

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Total CEO expects oil price of $60 this year

Oil prices are likely to remain relatively low until the summer, the chief executive of Total was quoted as saying on Wednesday, leading the French oil major to assume an average price of $60 a barrel this year. Talking to the pri

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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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