Friday, 9 February 2018
Lebanon has signed a deal with an international consortium to start exploratory offshore drilling for oil and gas in what the country hopes will help boost its struggling economy. The signing ceremony was held on Friday in Beirut and was attended by President Michel Aoun and officials from the three oil companies, Italy's Eni, France’s Total and Russia’s Novatek. The agreement came two months after Lebanon’s government approved the licenses for the international consortium to ...
Thursday, 14 December 2017
Lebanon’s cabinet approved a bid on Thursday by a consortium of France’s Total, Italy’s ENI and Russia’s Novatek, in the country’s much-delayed first oil and gas offshore licensing round, a government source told Reuters. Exploratory drilling is expected to start at the beginning of 2019, Energy and Water Minister Cesar Abi Khalil said in a statement. “Congratulations to the Lebanese people on the passing of the oil decree and on Lebanon entering the club of ...
Friday, 24 November 2017
Saturday, 21 October 2017
Iraq may offer Chevron and Total terms to develop the Majnoon oilfield different from those it had given to Royal Dutch Shell, Iraqi Oil Minister Jabar al-Luaibi said on Saturday. Iraq will develop the Majnoon oil field in southern Iraq by its own means until it can find a foreign partner, Luaibi told reporters, adding that no company has been selected yet. Luaibi said on Oct. 9 that Chevron and Total are among the companies that have expressed interest in developing ...
Monday, 7 August 2017
The United Arab Emirates' main state oil company is planning to split up its offshore oil operations and is in “advanced discussions” with multiple companies interested in stakes.The Abu Dhabi National Oil Company (ADNOC) said on Monday that more than a dozen companies are involved in the talks, and that they include both existing partners and new firms. It did not name them.International shareholders with existing stakes in offshore fields include BP, Total and Exxon Mobil.ADNOC ...
Sunday, 3 July 2016
Newspaper Le Monde reported on Saturday that Total and its Spanish partner Repsol had initiated litigation at the International Court of Arbitration
Tuesday, 28 June 2016
The deal pushes out Denmark’s Maersk Oil, which had been operating the field for nearly 25 years
Wednesday, 29 July 2015
Under pressure from the French and U.S. government, the French company eventually stopped all production in Iran in 2010
Sunday, 3 May 2015
French-owned company has more than 270 service stations across the Morocco
Thursday, 12 February 2015
As of Thursday, the oil companies did not have any indication from ADNOC on the status of their revised bids