Total, Bahrain’s Tatweer sign MoU

02/05/2019 09:06 Energy

news

French supermajor Total and Bahrain’s Tatweer Petroleum Tuesday signed a Memorandum of Understanding (MoU) to cooperate in oil and gas exploration and liquified natural gas supplies, Kallanish Energy understands.

The two companies will share expertise and support on ongoing exploration and production activities in the unconventional Khalij Al-Bahrain Basin, discovered last year, estimated to hold 81.5 billion barrels of oil and 1.3 trillion cubic feet of associated gas.

 

The MoU also establishes training of Tatweer Petroleum staff for LNG trading and oil and gas activities. “At the occasion of the visit of His Majesty King Hamad to France, Total is very pleased to give a new impetus to its partnership with the Kingdom of Bahrain,” said Patrick Pouyanné, Total’s chairman and CEO, in a release.

 

“This agreement also targets developing cooperation in view of LNG supply for the benefit of the Kingdom of Bahrain,” he added

Source: kallanishenergy.com

France maps 10GW offshore wind vision

17/06/2019 11:07:00

French environment minister Francois de Rugy has outlined today how France intends to meet its new 10GW offshore wind target by 2028.

<READ MORE

Britain commits to goal of net zero carbon emissions by 2050

17/06/2019 11:01:00

British Prime Minister Theresa May set a goal for the nation to reach net zero carbon emissions within about 30 years - the 1st major economy in the world to set that kind of goal.

READ MORE

Daily (17.06.2019): German spot power price dropped by more than 26% on Friday due to lower than expected demand

17/06/2019 10:47:00

Oil prices rose on Friday, after attacks on two oil tankers in the Gulf of Oman increased supply concerns. Prices were tempered by worries that trade disputes will lead to higher global oil demand. Brent oil rose $0.7, or 1.1% to $62.01 a barrel. WTI crude surged by $0.23, or 0.4% to $52.51 a barrel.

READ MORE