Total SA

Major Oil Companies Fund Nigeria's $200 Million Fuel Imports

Nigeria is suffering from fuel shortages as well as lack of hard currency. Four major oil companies agreed to finance the country’s $200 million fuel import along with the lack of the dollars to sustain the country’s fuel needs.

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Oil Search Ltd rejects $8B takover offer by Woodside

Oil Search Ltd has refused the $8-billion takeover bid made by Woodside Petroleum Ltd, the biggest energy company in Australia. The rejection has turned out to be a major hurdle for Woodside Petroleum as the energy major is exploring low-cost LNG assets in Papua New Guinea (PNG), a nearby neighbor of Australia.

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In Canada's oil sands, a boomtown starts feeling the chill

The boomtown in the heart of Canada's oil sands region is getting nervous. Fort McMurray, surrounded by the boreal forest of northern Canada, has long drawn thousands with jobs that paid six-figure salaries to a region that produces more crude than anywhere else in the Western Hemisphere.

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Total to sell interest in Gulf of Mexico Tahiti project - sources

French oil company Total SA (TOTF.PA) is looking to sell its 17 percent stake in the Gulf of Mexico's Tahiti oil field, which could fetch between $1.5 billion and $2 billion in a deal, according to people familiar with the matter.

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Total sells 15% stake in Congo oil exploration and production unit to Qatar Petroleum International

Petroleum firm Total SA has put up for sale a 15% stake in its Congo oil exploration and production unit Total E&P Congo. The said holding was sold to Qatar Petroleum International for $1.6 billion.

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Total acquires stake in InterOil's Papua New Guinea LNG assets for USD3.6 billion

Total, Europe's third-biggest oil company, will purchase a 61.3% stake in InterOil Corp.'s liquified natural gas project in Papua New Guinea. The acquisition deal is worth USD3.6 billion.

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Advent to buy USD1.1 billion stake in Ocensa oil pipeline

US-based global private equity firm Advent International signed an agreement to purchase a USD1.1 billion minority stake in Ocensa, Colombia's biggest oil pipeline in terms of capacity.

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Petrobras lands Libra license to operate

With its consortium, Petrobras leads to extract the oil from the Libra pre-salt mine.

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