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Tag: Total
Total

Total enters a new operated exploration permit offshore Egypt

Posted: January 4, 2021 at 1:24 pm   /   Oil & Gas

An international consortium led by Total (Total 35% Operator, Shell 30%, KUFPEC 25%, Tharwa 10%) and the Egyptian Natural Gas Holding company (EGAS) have signed an exploration and production agreement for the North Ras Kanayis Offshore block located in the Herodotus Basin, offshore Egypt in the Mediterranean Sea. This exploration block covers an area of […]

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total

B Investments announces sale of 20% of its Total Egypt stake for EGP 146 mn

Posted: December 28, 2020 at 12:10 pm   /   Oil & Gas

B Investments announces the Exit of 20% of its stake in Total Egypt for Total Proceeds of EGP 146 million B Investments Holding announced that it has entered into an agreement to sell 20% of its stake in Total Egypt to Total Outre-Mer for a total consideration of approximately EGP 146 million, in accordance with […]

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Total Solar

Total and Google develop Solar Mapper tool to estimate energy potential of houses’ roofs

Posted: October 13, 2020 at 7:28 pm   /   Renewables

Total and Google Cloud have pooled their expertise to jointly develop an innovative tool, Solar Mapper, which aims to accelerate the deployment of solar panels for individuals (B2C) by providing an accurate and rapid estimate of the solar energy potential of their homes, first in Europe and then worldwide. Solar Mapper uses brand-new artificial intelligence […]

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Idku LNG

Shell, Total to export 30 LNG shipments from Egypt’s Idku in 2021

Posted: October 7, 2020 at 7:22 pm   /   Oil & Gas

Shell and Total will export 30 shipments of natural gas from the Idku liquefaction plant in 2021, Youm7 reports, citing Oil Ministry sources. Each shipment will average 150k cbm, potentially bringing the total exported by the two companies to 4.5 mn cbm. Egypt’s natural gas exports more than doubled to 4.5 bn cbm in 2019 […]

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Storage Terminal

Total Egypt, Ola Energy to construct Alexandria petroleum storage facility

Posted: September 8, 2020 at 1:15 pm   /   Oil & Gas

Total Egypt, OLA to partner in Alexandria Petroleum Products Terminal construction Total Egypt and OLA Energy Egypt have signed a joint venture agreement to jointly own, build, and operate a new petroleum products terminal in Alexandria. The Alexandria Petroleum Products Terminal (APPT) will be built at the Mex Petroleum Zone on a 23,000 square metre […]

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Total

B Investments to sell 20% of its stake in Total Egypt’s downstream business

Posted: August 5, 2020 at 2:15 pm   /   Oil & Gas

B Investments is in talks to offload a fifth of its holdings in Total Egypt’s downstream operations: B Investments has entered talks with Total Egypt to sell 20% of its holdings in the company, it announced in a statement to the EGX. The private equity outfit currently holds a 7.97% stake in the energy giant’s […]

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MEES West Med

MEES: Egypt bags all five Supermajors with key West Mediterranean awards

Posted: July 11, 2020 at 11:32 pm   /   Oil & Gas

Full House: Latest Awards Mean All Five Supermajors Have Signed Up For Egypt’s Virgin West Med Acreage Global exploration pullback? Not in Egypt with Chevron, Shell, Total and BP joining Exxon in bagging key frontier West Mediterranean acreage. Cairo moved closer this week to officially announcing the award of at least six offshore blocks located […]

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egypt-parliament

Egypt’s House of Representatives approves 12 Oil & Gas E&P Agreements

Posted: July 7, 2020 at 8:11 pm   /   Oil & Gas

The Egyptian oil minister, Tarek el Molla, has announced the signing of 12 agreements with international companies for the search for oil and gas in the Red Sea, in the Western Desert and in the exclusive economic zone (EEZ) in the eastern and western Mediterranean with investments up to to a billion dollars and signing […]

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Eni Bashrush

Eni makes new gas discovery in Mediterranean Sea offshore Egypt

Posted: July 1, 2020 at 2:54 pm   /   Oil & Gas

Eni have successfully drilled the first exploration well in the North El Hammad license, in the conventional Egyptian waters of the Nile Delta, on the prospect called Bashrush. The discovery further extends to the west the gas potential of the Abu Madi formation reservoirs discovered and produced from the so-called “Great Nooros Area”. Eni (as […]

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Cabinet

Egypt’s Cabinet ratifies 12 oil & gas agreements worth over $1 billion

Posted: June 22, 2020 at 1:03 pm   /   Oil & Gas

Cabinet has ratified twelve oil and gas agreements the Oil Ministry signed with international companies in February, the ministry said in a statement. Companies including Royal Dutch Shell, Chevron, BP, Total, Noble Energy will invest upwards of USD 1 bn in concession areas in the Mediterranean, the Red Sea, and the Western Desert. The House […]

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