Tag: TotalEnergies

Investors agree $10 billion for controversial Uganda oil project

by Michael O’HAGAN Agence France-Presse KAMPALA, Uganda (AFP) – Chinese and French oil giants finally sealed a $10-billion deal Tuesday to unlock Uganda’s energy resources and build a vast regional oil pipeline, a mega-project that has incensed environmental groups. The so-called Final Investment Decision should pave the way for the export of millions of barrels of black gold that was first discovered in 2006 in Uganda, one of the world’s most biodiverse regions. The decision […]

Oil & gas giant Total downplayed climate threat: study

PARIS, France (AFP) – The French oil and gas major Total deliberately downplayed the threat of global warming from the 1970s onwards, according to research based on interviews with former company executives and internal company documents. The findings, published by a trio of historians Wednesday in the peer-reviewed journal Global Environment Change, follow similar revelations about US oil giant ExxonMobil and Royal Dutch Shell. The pattern that emerges is one of oil and gas giants […]

Iraq launches project to reduce flaring at oilfields

BAGHDAD, Iraq (AFP) – Iraq has launched a new project that aims to recover gas normally set alight during oil extraction at two oilfields in the country’s south. Flaring, or burning off excess gas during oil extraction, is a highly polluting practice but far less costly than processing it for sale. According to the World Bank, Iraq is the second-biggest user of flaring worldwide after Russia. The new project, signed in 2017 with oil services company […]