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Energy & Environment
Total resumes $2.5 bln Nigerian deepwater oil field sale
France’s Total SA, Europe’s second largest oil company, has put one of its offshore Nigerian oil fields up for sale again, the company said, after a 2012 deal with Sinopec Corp failed. Total has hired BNP Paribas to find buyers for its Usan deepwater oil field located in the Nigeria Oil Prospecting Lease (OML) 138, which could be worth about…
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Africa
Total buys stake in Papua New Guinea bloc
France’s Total (TOTF.PA) has agreed to buy a stake in InterOil’s (IOC.N) Papua New Guinea gas fields, which could include the construction of a liquefied natural gas (LNG) export plant in a deal worth up to $3.6 billion. Total will take a share of 61.3 percent in InterOil’s petroleum retention license 15, which includes the Elk and Antelope fields,…
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