Total declares force majeure on Mozambique LNG project
Oil & GasTotal has declared force majeure on the Mozambique LNG project following the terrorist attack on Palma last month. The company will withdraw all its personnel from the Afungi site.Read more
Oil companies cut investments by tens of billions of dollars
PetrochemicalFaced with the coronavirus and the crude price collapse, oil and chemical companies are drastically scaling back capital investments to preserve cash. Most major companies have announced multibillion-dollar reductions. Shell will reduce its 2020 capital expenditure...Read more
Total awards Bourbon logistics contract in Namibia
Oil&GasTotal E&P Namibia has selected Bourbon Marine & Logistics to support a deep offshore exploration campaign in South Namibia in 2020. The contract is a welcome addition for the financially struggling company which recently suspended...Read more