Oil Market Update (April 30, 2013)
Oil – A brief overview of oil price developments, supply and demand and significant market movers.
Articles Tagged "total"
Key Oil Projects and Players in West Africa
Oil – As global oil demand and prices continue to rise, an increasing number of exploration and production companies are choosing to focus their efforts on West Africa. Boasting some of the world’s highest-potential oil and gas reserves, this region is becoming increasingly attractive to investors.
Gas Market Update (April 9, 2013)
Gas – A brief overview of gas price developments, supply and demand and significant market movers.
Oil Market Update (March 12, 2013)
Oil – A brief overview of oil price developments, supply and demand and significant market movers.
Natural Gas in Argentina
Gas – With natural gas trading at a significant discount to crude, investors are seeking companies looking for the next big gas play. Argentina boasts huge gas potential and is capable of becoming an investor favorite in the long term.
Sinopec buys Totals Nigerian Oil Field for $2.5 Billion
Oil – Total SA (FP), France’s largest oil company, sold its 20 percent stake in an offshore Nigerian field to China Petrochemical Corp. for roughly $2.5 billion as part of an asset-disposal program.
Total Plans $15 to $20 Billion Asset Sale to Finance Oil and Gas Projects
Oil – Bloomberg reported that Total SA (NYSE:TOT) aims to sell between $15 and $20 billion in assets over the next two years in order to raise money for oil and gas projects. It also plans to boost its oil output by 3 percent a year until 2015, up from its previous targeted increase of 2.5 percent each year.
South Sudan Plans Division of Oil Concession Owned by Total
Oil – Reuters reported that South Sudan, which recently seceded from Sudan, plans to divide an oil block held mainly by Total SA (NYSE:TOT) into three parts. Total will receive only one of the new areas.
Total, Repsol, OMV to Explore for Gas and Oil off Bulgarian Coast
Gas – Reuters reported that Total SA (NYSE:TOT), Spain's Repsol (OTC Pink:REPYY) and Austria's OMV (OTC Pink:OMVKY) signed an agreement with Bulgaria that allows them to explore for gas and oil in the Khan Asparuh block. The 14,440 square kilometer block is located off Bulgaria's Black Sea coast and could produce up to 84 billion cubic meters of gas.
Total Plugs Gas Leak, Sees Rise in Shares
Gas – Reuters reported that shares in Total SA (NYSE:TOT) rose more than two percent on the news that the company had plugged a well at its North Sea Elgin platform that had been leaking for seven weeks.
