Total has agreed to sell Qatar Petroleum a 25% interest in the 11B/12B exploration block in Outeniqua Basin, South Africa.
The deal is expected to strengthen Qatar Petroleum’s oil and Gas assets base in South Africa.
Qatar Petroleum is the country’s integrated national oil company
Total has agreed to gain a 25% interest in Kanuku exploration block from Spanish integrated energy company Repsol.
Partners in the Kanuku exploration block after the deal will be Repsol (37.5%, operator), Tullow Oil Plc (37.5%), and Total (25%).
Total has simultaneously agreed to acquire a 35% interest in the Canje exploration block from Canadian oil and gas exploration company JHI Associates and Guyana-based Mid-Atlantic Oil & Gas.
Once the deal is complete, partners in the Canje exploration block will be ExxonMobil (35%, operator), Total (35%), and Mid Atlantic Oil & Gas and JHI Associates (together 30%).
Both the Kanuku and Canje exploration blocks are located in Guyana-Suriname Basin, offshore Guyana.
The deal will enable total to expand its operations into the Guyana-Suriname Basin.
PT Wintermar Offshore Marine has entered an agreement to raise IDR70bn ($4.9m) through the private placement of 200 million shares priced at IDR350 (US$0.026) each.
The transaction is expected to be complete on 13 February 2018.
Based in Indonesia, PT Wintermar Offshore Marine is an offshore services provider for the oil and gas industry.
The company plans to use funds raised to repay its debt and for general corporate needs.
Russian oil and gas company Gazprom plans to acquire an additional stake in South Stream Serbia from Serbian a natural gas distributor JP Srbijagas.
South Stream Serbia is a company established to undertake the development of South Stream gas pipeline.
The acquisition is expected to strengthen Gazprom’s business.
Island Offshore Subsea will be renamed and serve as the operating unit for the RLWI activities for TechnipFMC following the transaction.
TechnipFMC is a UK-based service provider for the oil and gas industry, while Island Offshore is a Norwegian subsea services provider.
The transaction will enable TechnipFMC to provide riser-less light well intervention (RLWI) project management and engineering services.