Upstream news

Awarded under an existing framework agreement signed in 2016, the scope of the contract includes engineering, procurement, construction, installation and commissioning (EPCIC) associated with well hook-up on the facility.

The company has announced that it has entered into a share option agreement with its joint venture partner, Grupo IDESA, S.A de C.V.

The company has also announced a successful exploration well at Ewing Bank 910 field.

The company has announced the release of the Xaminer® Magnetic Resonance (XMR™) Service.

The company has announced the receipt of the Presidential Decree approving the successful execution of an Amendment to the Etame Marin Production Sharing Contract (PSC) in Gabon between the Government of Gabon and the Etame Participating Interest owners.

The company has outlined its plans to grow production to more than 100 million boe by 2025, almost doubling current levels of production.

The company is signing collaboration agreements with Aker Solutions and TechnipFMC for subsea equipment and services on the Norwegian continental shelf (NCS) and internationally.

The company has announced the release of the technology, which delivers faster drilling, accurate steering and longer laterals.

Total has agreed to purchase from Chevron all the share capital of Chevron Denmark Inc. which holds a 12% interest in the Danish Underground Consortium (DUC), a 12% interest in Licence 8/06, and a 7.5% interest in the Tyra West pipeline.

Adrian Lara, Senior Oil and Gas Analyst at GlobalData, provides his view on the impact on the upstream sector.