France's Total Vice-president said the company will start drilling at the Fenix field off the southern Argentine province of Tierra del Fuego in March 2024 and expects to start production the following November.Add your comment!
Argentina and a consortium of three international oil companies signed an agreement by which the Fenix gas field at the San Sebastián Bay will be developed in two years time with an investment of US$ 700 million. The agreement includes a decree which reinstates benefits for the hydrocarbons industry, particularly new undertakings as contemplated in Law 19,640.
French carrier Air France filled the tanks of an Airbus A-350 bound for Canada with a mixture of kerosene with 16 per cent biomass which should significantly reduce CO2 emissions, the airline announced.
A major group of indigenous people living in Argentine Patagonia are taking some of the world's biggest oil and gas multinationals to court for environmental contamination, Greenpeace said this week. The Mapuche are suing American giant Exxon, French company Total and the Argentina-based Pan American Energy, which is part-owned by BP.
Brazil's environmental regulator on Friday denied French oil giant Total a license to drill for crude in five blocks near the mouth of the Amazon river. Regulatory agency Ibama said the license was denied “due to a set of technical problems” identified during the application process.
Brazil’s oil regulator ANP has approved the applications of six companies—including Big Oil’s BP, Shell, and Total—to bid in next month’s oil auction of four blocks in the coveted pre-salt layer, ANP announced on Wednesday.
Brazilian state-run oil and gas company Petrobras has signed a memorandum of understanding (MoU) with French oil major Total SA and its green arm Total Eren SA for collaboration in renewable projects in Brazil.
The Republic of Congo expects to raise oil production by as much 65% this year as two new projects come on stream, Hydrocarbons Minister Jean-Marc Thystere-Tchicaya said.
Benchmark oil contract Brent North Sea hit its highest level since late 2014 on Thursday, breaching US$ 80 per barrel, with some market players predicting it could rise all the way to US$ 100. Higher oil prices, in turn, pushed the shares of energy firms in European stock markets higher, helping London's FTSE to set a new all-time high, and the Paris CAC to establish a fresh 2018 peak.
The public prosecutor’s office in the northern state of Amapá recommended on Wednesday that Brazil’s environmental regulator Ibama deny French major Total a license to drill for oil near the mouth of the Amazon.