TotalEnergies
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The US re-imposing sanctions on Iran has prompted Total to consider dropping its stake in a project designed to bolster output from the world’s largest gas field.
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Total is expanding its development and use of artificial intelligence to bolster its exploration work, collaborating with Google Cloud—which is stepping up its presence in the oil and gas industry.
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The $50-million investment ranks as one of Total Energy Ventures’ biggest investments to date. Dedicated to China’s energy sector, it will focus on renewable energies, the energy internet, energy storage, distributed energy, smart energy, and low-carbon businesses.
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The largest lease sale in the history of the area attracts $139 million in total bids, a $2 million increase over the previous lease sale held last August.
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Completion of the umbilicals system marks another step toward startup for the Total-operated ultradeepwater development offshore Angola.
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The two supermajors and offshore powerhouses are assessing the latest Gulf of Mexico discovery.
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Total is making an LNG push by spending up to $2 billion for assets belonging to fellow French firm Engie.
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Total is increasing its stake in the US Gulf of Mexico after buying shares of promising prospects from Chevron.
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Faced with big potential discoveries under terrain that makes good seismic imaging impossible, Total is rethinking how to gather the data it needs, with an idea that could change the face of seismic exploration.
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Total’s acquisition of Maersk Oil includes holdings in the North Sea Johan Sverdrup and Culzean projects. Total will become the second-largest operator in the northwest Europe offshore region. Maersk’s strategy shifts to its transport and logistics division.