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Posted by Brian Simpson on October 20, 2018 at 9:59
Posted by Brian Simpson on October 18, 2018 at 14:08
Posted by Brian Simpson on April 7, 2018 at 11:51
Big companies say payments plan would not protect them from US penalties.
Patrick Pouyanné, chief executive of Total, said this week the French oil company would not join EU efforts to bypass US sanctions on Iran. “We cannot afford to take the risk to be banned from using the US financial system,” he told a conference in Russia. The corporate resistance underlines the struggle faced by EU governments that are trying to keep a landmark Iran nuclear deal alive in the face of US sanctions, which are due to be reimposed on oil exports and Iran’s central bank in November.Continue
Posted by Brian Simpson on October 4, 2018 at 13:10
PARIS -- Total announces a major gas discovery on the Glendronach prospect, situated offshore UK, West of Shetland. The well was drilled to a final depth of 4,312 m and encountered a gas column of 42 m of net pay in a high-quality Lower Cretaceous reservoir.
Preliminary tests confirm good reservoir quality, permeability and well production deliverability, with recoverable resources estimated at about 1 Tcf.
Located on Block 206/04a, in water depth of about 300 m and in a formation below the Edradour reservoir, the discovery can be developed quickly with the existing infrastructure around the Edradour field, and the Laggan-Tormore facilities of the Shetland Gas Plant.
“Glendronach is a significant discovery for Total, which gives us access to additional gas resources in one of our core areas and validates our exploration strategy. Located on an emerging play of the prolific West of Shetland area, the discovery can be commercialized quickly and at low cost by leveraging the existing Laggan-Tormore infrastructure,” stated Arnaud Breuillac, President of E&P at Total.
The Glendronach discovery is operated by Total E&P UK, with a 60% interest, alongside partners Ineos E&P UK Limited (20%) and SSE E&P UK Limited (20%).
Posted by Brian Simpson on September 25, 2018 at 6:11
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