2014-01-13 16:38:00
TOTAL BECOMES LARGEST ENERGY PRODUCER
Looking to expand shale-based oil production outside of its home country of France, where the controversial process of hydraulic fracturing drilling is banned, Total SA announced it was purchasing a 40% stake in two U.K. oil exploration areas. Total's partner IGAS Energy PLC ), which holds 14.5% of the permits to explore in the area, will be the operator of the exploration project.
The $47 million payments for exploration rights to Dart Energy Ltd make Paris-based Total SA the largest oil company to enter the U.K. fracking business, according to a report by Bloomberg. Total's stock price fell by just over 1% on the news, while Dart climbed 18%.
The move by Total SA, the largest oil producer to date to enter this market, makes clear a decision to more aggressively move into markets outside France. The Total deal is the second largest shale deal in the U.K. by a French company, following a deal by GDF Suez SA in October to buy a stake in 13 licenses In the U.K.s Bowland Basin from Australia-based Dart. In addition to the U.K., Total is involved in several U.S.-based shale projects, as well as projects in Australia, China, Denmark and Poland.
More information here.
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October, 19, 11:25:00 |
OIL PRICE: NOT ABOVE $80 |
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October, 19, 11:20:00 |
GAS FOR CHINA: THE BIGGEST |
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October, 19, 11:15:00 |
RUSSIAN LNG FOR GERMANY |
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October, 19, 11:10:00 |
RUSSIAN YAMAL LNG |
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October, 19, 11:05:00 |
EXXON'S LNG FOR CHINA |
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October, 19, 11:00:00 |
NORWAY'S GAS FOR BRITAIN |
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Chronicle:
2018, October, 19, 10:55:00
UZBEKISTAN'S NUCLEAR: $11 BLN
AZERNEWS - The estimated cost of construction of nuclear power plant of Russian design in Uzbekistan will be about $ 11 billion, the launch of the first power unit has been planned for 2028, the Aide to the President of the Russian Federation Yury Ushakov said.
2018, October, 19, 10:50:00
IRANIAN GAS: 1 BLN CMD
SHANA - Managing Director of the Iranian Gas Engineering and Development Company (IGEDC) Hassan Montazer Torbati said the supply of one billion cubic meters per day of natural gas by National Iranian Gas Company (NIGC) was one of the goals of the company by 2021.
2018, October, 19, 10:45:00
CHINA - BELGIUM NUCLEAR
WNN - China and Belgium have signed a framework agreement on cooperation in the peaceful use of nuclear energy. The agreement was one of several accords signed in Brussels yesterday during a meeting between Chinese Premier Li Keqiang and Belgian Prime Minister Charles Michel.
2018, October, 19, 10:40:00
NORWAY'S PETROLEUM PRODUCTION 1.6 MBD
NPD - Preliminary production figures for September 2018 show an average daily production of 1 607 000 barrels of oil, NGL and condensate, which is a decrease of 255 000 barrels per day compared to August.
