The Board of Directors of Total approved a second quarter 2014 interim dividend of 0.61 euros per share. This interim dividend, increased by 3.4% compared to the second quarter 2013, is payable in euros according to the following timetable
Total has signed an agreement with Exxaro Resources Ltd for the sale of its 100% stake in Total Coal South Africa (TCSA), its coal-producing affiliate in South Africa. The consideration for the transaction is $472 million, with completion of the sale subject to approval by the relevant South African authorities.
Houston, USA: In the first comprehensive overview of its kind, DNV GL has mapped out what is necessary to be in compliance with US Coast Guard (USCG) requirements to operate FOIs, FSOs and FPSOs in US waters.
Gazprom Group including Gazprom Export fully and timely settles all payments in Russian and foreign currencies on the accounts of Gazprom and its affiliated companies, opened by Gazprombank despite the expanded sanctions imposed unilaterally by the US administration on July 16, 2014 in respect of a number of Russian companies including Gazprombank.
Bankers Petroleum, key player in the E&P sector of Balkans and operator of two of Europe’s largest onshore fields, Patos Marinza and Kuçova in Albania supports the initiative of the 3rd Balkans and the Adriatic Oil & Gas Summit by being gold sponsors.
Shell today announces its third major discovery in the Norphlet play in the deep waters of the Gulf of Mexico with the successful Rydberg exploration well. After more than 10 years of exploration activities in the Eastern Gulf of Mexico, Shell continues to lead industry in exploring this Jurassic play.
Woodside advises that it has finalised an agreement to farm-in to the prospective basin of Lake Tanganyika in western Tanzania. Beach Energy has accepted Woodside’s offer to acquire a 70% participating interest in the Lake Tanganyika South Block and the respective Production Sharing Agreement.
CCP Composites, a Total company specialized in composite resins, and Polynt Group, a provider of intermediate polymers and composites, are planning to combine to create an integrated composite resins producer that will rank number one in Europe and number three globally.
SOCAR exported 84 thousand 577 tons of crude oil from the Novorossiysk Port, 242 thousand 39 tons of crude oil from the Supsa Port, and 1 million 871 thousand 477 tons of crude oil from the Ceyhan Port in June 2014.
Elena Burmistrova was appointed Director General of Gazprom Export. This decision was made due to a considerable increase in the day-to-day business and its geographical expansion, as well as product diversification within the Company’s international activities and, particularly, in Gazprom Export.
Total, together with its partner DONG, has decided to launch the development of the Edradour gas field in the West of Shetland area, and has in addition acquired a 60% interest in the neighboring Glenlivet discovery. The tie backs of Edradour and Glenlivet to Laggan-Tormore are expected to add reserves of more than 65 million barrels of oil equivalent.