Tag: Total

Total commences production from Zinia Phase 2 short-cycle project

Frank

ANGOLA – Broad energy company Total, operator of Block 17 in Angola, together with the Angolan National Oil, Gas and Biofuels Agency, have announced the start of production from Zinia Phase 2 short-cycle project, connected to existing Pazflor’s FPSO (Floating Production, Storage and Offloading unit). The project includes the drilling of nine wells and is expected to reach a production of 40,000 barrels of oil per day by mid-2022.  Located in water depths from 600 to 1,200 meters and about 150 kilometres from the Angolan coast, Zinia Phase 2 resources…

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Total confirms suspension of work on Mozambique LNG project

Frank

MOZAMBIQUE – French energy giant Total has confirmed it is suspending work on a massive US$20 billion gas project in northern Mozambique following the latest jihadist assault on a nearby town in March 2021. “Considering the evolution of the security situation, Total confirms the withdrawal of all Mozambique LNG project personnel from the Afungi site,” the company said in a statement. Total added that it was declaring a “force majeure” situation beyond its control, a legal concept meaning it can suspend fulfilling contractual obligations. A March 24, 2021, jihadist raid…

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French banks disavow Total-led East African crude oil pipeline project

Frank

EAST AFRICA – Three French banks have committed not to provide project financing for the Total-led East African Crude Oil Pipeline (EACOP). BNP Paribas, Société Générale and Crédit Agricole will not participate, France’s Les Echos newspaper has reported. “The project is too hard to defend,” Les Echos quoted an unnamed source as saying. A statement from Reclaim Finance noted that Barclays, Credit Suisse and ANZ had also said they would steer clear of the EACOP plan. The environmental NGO called on Natixis to follow suit. BankTrack researcher Ryan Brightwell called…

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Total, Siemens Energy to study sustainable solutions for CO2 emissions reduction

Frank

AFRICA – Total, an oil and gas company, and Siemens Energy, an energy technology company, have signed a Technical Collaboration Agreement to study sustainable solutions for CO2 emissions reduction. The collaboration will focus on natural gas liquefaction facilities and associated power generation. “This collaboration with Siemens Energy, a major player in the energy technology sector, brings many opportunities to further reduce the carbon footprint of our activities, especially in our strategic LNG business,” said Arnaud Breuillac, President Exploration & Production at Total. “The development of low-carbon LNG will contribute to…

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Tanzania and Uganda finally sign the long-awaited US$15b oil pipeline deal

Frank

UGANDA – The governments of Uganda and Tanzania have joined oil companies Total of France and CNOOC of China in signing a series of accords that pave the way for the construction of a pipeline to carry crude from Uganda to Tanga port in Tanzania. The US$3.5 billion project led by Total and China National Offshore Oil Corporation (CNOOC) provides for the management of oilfields in the Lake Albert region in Uganda’s west and proposes pumping the crude to the coast across Tanzania via the East African Crude Oil Pipeline…

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Mozambique and Total agree on resumption of LNG work after security beef up

Frank

MOZAMBIQUE – The government of Mozambique and French oil and gas company Total, have announced that construction work will soon resume on natural gas liquefaction plants on the Afungi Peninsula, in the northern province of Cabo Delgado, thanks to additional security measures now being taken in that area. Work on the “Mozambique LNG” project, run by a consortium headed by Total, was interrupted at the end of December 2020, due to security threats in the immediate vicinity. The worst incident was a clash between the police and terrorist infiltrators on…

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Total and Greentech partner Sonangol for the construction of the Quilemba Solar Power Station in Angola

Frank

ANGOLA – Sonangol Group, a parastatal that oversees petroleum and natural gas production in Angola, through its Business Unit Gas and Renewable Energy, has signed the Head of Terms agreement with Total Eren and Greentech for the construction of the Central Energy Photovoltaics “Quilemba Solar”.  The plant will be built in the Lubango region, to supply around 30 MW to the national electricity grid, thus reinforcing energy production in Angola.  This significant milestone, which precedes other stages for the development of the project, represents yet another step by Sonangol and…

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Total Kenya to cut carbon emissions with new lubricant packaging

Frank

KENYA – Total Kenya, a leading supplier of petroleum and gas products in the East African region, has embarked on a lubricant packaging design that will see the oil marketer significantly reduce its carbon footprint. The oil distributor says the new design development will contribute to Total Lubricant’s ambition to become a responsible energy major. “A reduction in the weight of packaging will prevent the emission of 9,500 tons of CO2 equivalent each year resulting to raw materials savings,” said Olagoke Aluko, Managing Director, Total Kenya PLC. “A reduction in the weight…

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ExxonMobil postpones final investment decision on Rovuma LNG project once again

Frank

MOZAMBIQUE – American multinational oil and gas corporation Exxon has postponed for the third consecutive year the Final Investment Decision on the natural gas exploration project in Mozambique, putting the US$30 billion investment in doubt. According to Bloomberg news agency, which quotes the company’s Senior Vice President Neil Chapman, during a conversation with analysts, there is no forecast on when the investment decision will be made on the natural gas plant in the Rovuma basin, as the oil company needs to secure power supplies from the neighbouring plant operated by…

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Standard Bank hires an advisor to assess its involvement in the East Africa oil pipeline project

Frank

EAST AFRICA – Standard Bank of South Africa has hired an independent environmental and social advisor to help assess its involvement in Total’s East African Crude Oil Pipeline that environmental lobby groups have opposed, the lender has said. Approximately 263 civil society organisations from around the world, have urged the chief executives of 25 banks not to participate in loans to fund the construction of the US$3.5 billion East Africa Crude Oil Pipeline. They environmentalist have argued in an open letter that this pipeline would pose immense threats to local…

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