French oil and gas outfit, Total may downsize its workforce after the company suffered a whopping $12 billion deficit in its revenues forecast. Consequently, the company stated its plan to adopt a cost-cutting mechanism to match the deficit, while maintaining that it anticipated a $12bn revenue shortfall due to a fall in oil prices occasioned by the […]
Total (TOTF.PA) has called off plans to acquire Occidental Petroleum’s assets in Ghana, the French energy company said on Monday. “Given the extraordinary market environment and the lack of visibility that the group faces…Total has decided not to pursue the completion of the purchase of the Ghana assets,” Total said in a statement. (Reuters/NAN)
One of Nigeria’s oil and gas giant, Total has restated plans to ensure that its operations will help to add value to Lagos state. This was disclosed by Total’s Country Chair, Mr. Mike Sangster during a courtesy visit to the Governor of Lagos State, Mr. Babajide Sanwo-Olu at the government house in Lagos. He explained […]
The House of Representatives sub – committee on Capital Market and Institutions, on Tuesday, summoned nine public quoted oil companies to appear before it on Thursday over issues of alleged infractions pertaining to corporate governance. Chairman of the sub – committee, Hon Tony Nwulu, issued the summons after the affected oil firms failed to submit […]
Residents of Akoka community have commended Total service station Akoka for its swift response in tackling an accidental fuel leakage which resulted in contamination of the water sources of some houses. According to Segun Adesanya, Chairman, Akoka Community Development Association, the station notified him of the spillage from their station and also took immediate actions […]
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Thursday ordered stoppage of loading activities at all Total Nig. Ltd., depots nationwide over the termination of workers’ appointments. This is according to a statement signed by Alhaji Tokunbo Korodo, the South-West Chairman of the union and made available to newsmen in Lagos. According […]
Oando, Mobil, Total, MRS, Capital Oil, others affected Allege connivance between marketers, govt officials Reopen investigation into Malabu oil deal Speedy passage of PIB, solution to anomalies –NNPC Speaker of the House of Representatives, Yakubu Dogara, on Tuesday, inaugurated an ad hoc committee to investigate the huge debts amounting to over N500 billion owed […]
The Chief Executive Officer of Total’s Nigerian producing unit, Elizabeth Proust has said that the French oil firm plans to see to the completion of two major projects in Nigeria this year that will add 60,000 barrel per day (b/d) of oil output to its portfolio despite the fall in oil prices. Proust said on […]