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New venture will produce 75,000 tons per year of Poly Lactic Acid (PLA) at bioplastics plant in Rayong, Thailand.

In a grand opening ceremony on September 9, which included a blessing by local Thai monks, the new 50/50 joint venture between Total and leading biochemicals business, Corbion

Total, the Republic of Benin and the Société Béninoise d’Energie Electrique (SBEE) have signed the Gas Supply Agreement and the Host Government Agreement for the development of a Liquefied Natural Gas (LNG) import floating terminal and the supply of up to 0.5 million tonnes per annum (Mtpa

The exploitation permit given to the companies is the first for storage of CO2 on the Norwegian shelf. The Norwegian government has granted Total and its partners Equinor and Shell permission to develop CO2 storage near the Troll oil and gas field in the North Sea. 

The storage

In view of developing an integrated gas project in the Sultanate of Oman, Total has signed a Memorandum of Understanding (MoU) with its government – covering both upstream and downstream business and aiming to develop natural gas resources in the Middle Eastern country.

In line with

Bringing Total around 1 billion barrels of oil equivalent of 2P/2C reserves and resources and a production of about 160,000 barrels of oil equivalent per day (boe/d) – Total’s acquisition of Maersk oil will help to reinforce the group’s leading position in the UK and Norway.

Total has agreed to acquire Maersk’s oil business, Maersk Oil for $7.45bn in a share and debt transaction. The transaction has been approved by the boards of Total and A.P. Møller – Mærsk, but is still subject to regulatory approval. The transaction is expected to close in the first

Russian state carrier Sovcomflot recently named one of its Yamal LNG vessels Christophe de Margerie, in honour of the former Total chief executive and chairman who tragically died in an air accident in Moscow in 2014.

The ship is one of a series of 15 ground-breaking ice-classed ships