TotalEnergies

The seismic sensors will be dropped by six autonomous aerial drones and later be retrieved by an unmanned ground vehicle instead of conventional manual deployment and recovery by ground-based teams.

Before the dream of a “subsea factory” can come true, a group of North Sea companies will need to see if the required technology is economically feasible to build.

ADNOC said the agreements will maximize its access to new markets, effectively booking out the majority of its LNG production through the start of 2022.

French oil giant Total said it will not renew its membership of the American Fuel and Petrochemical Manufacturers association because the organization’s stance on climate issues does not align with its own.

To launch in early 2020, the facility will bring together up to 300 developers, data scientists, architects, and other specialists.

The agreement—in which Total will reportedly pay $600 million for a 37.4% stake in the Indian gas conglomerate—boosts the supermajor’s LNG market access in India and neighboring countries. It is the latest move in Total’s aggressive expansion of its LNG portfolio.

The round included a near-$1 billion signature bonus on a Campos Basin block awarded to a Total-led consortium.

After failing to meet a previous 2018 deadline, the owners of the Bonny Island plant say they are close to sanctioning the expansion project following the signing of a letter of intent to a consortium of Saipem Chiyoda and Daewoo for EPC services. Train 7 will add 8 mtpa to Bonny Island’s production

With a production capacity of nearly 20 mtpa, Wood Mackenzie says the project would be the largest single project to reach FID. Novatek plans to spend more than $21 billion to launch the project at full capacity. Startup is scheduled for 2023.

Recent exploration success in the North Sea has motivated Total to invest some $10 billion in the basin over the next 5 years.