Tag Archives | TotalEnergies

TotalEnergies sells its interest in the Sarsang Oil Field

TotalEnergies has completed the divestment of its 18-percent interest in the onshore Sarsang oil field in the Kurdistan region of Iraq, to ShaMaran Petroleum Corp., a company listed in Canada and Sweden and focused on oil exploration and development in Kurdistan, for a firm consideration of $ 155 million. An additional contingent consideration of USD […]

TotalEnergies Re-affirms Commitment to Iraq Energy Projects

By John Lee. France's TotalEnergies has re-affirmed its commitment to energy projects in Iraq. Following a meeting in Paris with Iraq's Minister of Oil, Ihsan Abdul-Jabbar Ismail, the Chairman and CEO of TotalEnergies, Patrick Pouyanne, said that Iraq is one of the most promising countries in attracting global investment for energy projects. He added that […]

KBR to help develop Iraq's Ratawi Field

By John Lee. US-based contractor KBR is to carry out the design work for Iraq's Ratawi (aka Artawi) Central Complex development. The work is part of the Ratawi gas-field project in Basra, which is being carried out by the South Gas Company (SGC) in cooperation with France's TotalEnergies. KBR's involvement was confirmed in a statement […]

ShaMaran reports Record Oil Revenues at Atrush

ShaMaran Petroleum has released its financial and operating results and related management's discussion and analysis (MD&A) for the three months and year ended December 31, 2021. Dr. Adel Chaouch, President and Chief Executive Officer of ShaMaran, commented: "2021 has been a transformational year for ShaMaran. The Company generated the highest annual oil sales revenues in […]

Iraqi Min of Oil Denies that TotalEnergies Deal is Stalled

By John Lee. Iraq's Ministry of Oil has denied reports that its multi-billion-dollar deal with France's TotalEnergies has stalled amid disputes over terms, and that it risks being scrapped by the next government. On Monday, Reuters cited sources at the Ministry, and other oil industry sources, as saying that the deal was mired in disputes. […]

INOC to be Partner in TotalEnergies Basra Projects

By John Lee. The Iraqi cabinet has approved a plan for the newly-formed Iraqi National Oil Company (INOC) to be a financial partner with TotalEnergies in its projects in Basra. It said it will support INOC to "maximize revenues and financial returns to the general budget." In September, TotalEnergies signed a number of major agreements […]

TotalEnergies signs $10bn New Deals in Iraq

TotalEnergies, the Iraqi Ministries for oil and electricity, and the country's National Investment Commission (NIC) have signed, in the presence of the Prime Minister of Iraq, major agreements covering several projects in the Basra region, designed to enhance the development of Iraq's natural resources to improve the country's electricity supply. Iraq, a country rich in […]