Tag Archives: France

Total and Novatek have an ongoing relationship in LNG.

The Saudi giant and the French group are already partners in several large-scale projects in Saudi Arabia.

The discovery in Glengorm follows Total Energy’s success at the Glendronach field in the North Sea.

Total also planning to expand its Nigerian LNG project this year.

Iran says that China National Petroleum Corporation (CNPC) is replacing Total in the South Pars gas project.

CNPC already holds a 30 percent stake in the giant field.

European peer Eni had earlier lowered its production growth target for the year after profits in the third quarter rose to beat expectations.

The CEO of French oil giant Total says he will attend a controversial business conference in Saudi Arabia this week.

The initial long-term LNG SPA was signed in 2008. with an annual contract volume of 1 million tpy for a 15-year period.

OPEC estimates India will account for about 40 per cent of the overall increase in global oil demand by 2040.