TotalEnergies

Total has agreed to acquire interests in two blocks in the offshore Kwanza Basin from Angola’s state-owned Sonangol and has received an extension on its offshore Block 17 production licenses.

Total will invest $650 million in the development of two main projects, North Gialo and NC 98, resulting in a 180,000-B/D increase in production.

A proving ground for the use of digital twins has emerged in the North Sea. There, operators Total, Aker BP, and Shell have each developed and deployed twins that they expect to pay big dividends.

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.