Total has announced the launch of the Laggan and Tormore gas fields development in the offshore frontier region of the West of Shetland, subject to the UK Government’s Department of Energy and Climate Change approval.
Australia’s Arrow Energy has accepted an improved takeover bid from Royal Dutch Shell and PetroChina worth a reported AU$ 3.44 billion (US$ 3.14 billion). The takeover is subject to approval by Arrow shareholders and Australian authorities.