Image - Total sells minority interests in West of Shetland fields for GBP565 M

Total sells minority interests in West of Shetland fields for GBP565 M

Total has signed an agreement to sell 20% of its interests in the Laggan, Tormore, Edradour and Glenlivet fields, located in the West of Shetland area, to SSE E&P UK Limited Ltd for £565 million (around $876 million), subject to the customary approvals. “The sale of these minority interests is aligned with Total’s portfolio management strategy and target of divesting $5 billion of assets in 2015. It allows us to capit...

Exploration - Oil and Gas - Jul 29, 2015


Image - New offshore oil and gas exploration licences awarded

New offshore oil and gas exploration licences awarded

Hamburg, 2015-Jul-27 52 direct drive wind turbines for three projects in Ireland and Scotland Long-term service contracts for continued reliability Clean renewable energy for almost 100,000 households Oil and gas exploration on the UK Continental Shelf received a welcome boost today when the Oil and Gas Authority - the UK oil and gas regulator - announced the remaining winners from the 28th Offshore Licensing Round. The 41 ne...

Oil and Gas - Jul 27, 2015


Image - Enis CEO Claudio Descalzi and the Egyptian Minister of Petroleum Sherif Ismail sign an update to the Head of Agreement signed last March in Sharm el-Sheik

Eni's CEO Claudio Descalzi and the Egyptian Minister of Petroleum Sherif Ismail sign an update to th...

The Egyptian Minister of Petroleum and Mineral Resources, Sherif Ismail, and Eni's CEO, Claudio Descalzi, in the presence of the Prime Minister of Egypt, Ibrahim Mahlab, and the Italian Prime Minister, Matteo Renzi, today signed an update to the Head of Agreement signed last March, following the significant gas discovery made by Eni in the Nile Delta concession. The update describes the commitment of the parties to jointly evaluate the developmen...

Oil and Gas - Jul 24, 2015




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