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Tag Archives: TOTAL

Tullow selling shares to Total, CNOOC again

Kampala, Uganda | THE INDEPENDENT | Tullow Oil is in the final stages of farming down its stakes in the Lake Albert Graben to its joint venture partners Total and China National Offshore Oil Company (CNOOC). Tullow, Total and CNOOC hold equal stakes of 33.3 percent in the Lake Albert Basin …

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Oil pipeline speculators invade Gomba

Kampala, Uganda | THE INDEPENDENT |  The Civil Society Coalition for Oil has reported an invasion of speculators rushing to acquire properties in areas of Gomba in a scheme to reap from the East African Crude Oil Pipeline project. Gomba is among the ten districts where the proposed 1,445 kilometres …

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Storm brews over Total oil project name

Kampala, Uganda | THE INDEPENDENT | A storm is brewing in over a name adopted for the Total’s oil northern Albertine Graben project located in Buliisa and Nwoya district. Total Exploration Uganda faces off with local opponents angered over the project name Tilenga. The name Tilenga is derived from two local …

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Total Uganda unveils individual fuel cards

Kampala, Uganda | THE INDEPENDENT | Total Uganda has unveiled a new cashless payment solution for its customers as it strives to increase convenience at all its 128 service stations as well as enhance revenue growth. The new card that goes for Shs11, 800, will also enable customers pay for other …

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Total set to ramp up Nigerian oil output with new ship

Lagos, Nigeria | AFP | A gigantic oil tanker arrived in Nigeria as part of a multi-billion dollar project that should allow one of Africa’s biggest crude producers to pump out an additional 200,000 barrels a day. The floating production storage and offloading vessel is docked in Lagos after spending …

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Total sells Norwegian assets to Kuwait

Paris, France | AFP | French oil giant Total said Monday it has agreed to sell its remaining stake in a Norwegian oil field to Kuwait so that it can focus on its recent acquisition of Denmark’s Maersk Oil. “Total has signed an agreement to divest its remaining 15-percent interest in …

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Total to sign Iran gas deal, biggest since sanctions lifted

Tehran, Iran | AFP | French energy giant Total will finally sign its multi-billion-dollar agreement to develop an Iranian offshore gas field on Monday, the oil ministry said, in the biggest foreign deal since sanctions were eased last year. “The international agreement for the development of phase 11 of South …

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Oil giant TOTAL’s annual net profits up 22% at $6.2 billion

Total confident despite volatile oil prices Paris, France | AFP |  French oil major Total said Thursday it planned to increase its dividend to shareholders as it expressed confidence earnings could withstand the current volatility in oil prices. Total said in a statement that its headline net profit soared 22 …

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