Advertisement
UK markets closed

  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     

  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     

  • AIM

    755.28
    +2.16 (+0.29%)
     

  • GBP/EUR

    1.1679
    +0.0022 (+0.19%)
     

  • GBP/USD

    1.2494
    -0.0017 (-0.13%)
     

  • Bitcoin GBP

    50,576.37
    -897.82 (-1.74%)
     

  • CMC Crypto 200

    1,314.00
    -82.54 (-5.91%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • DOW

    38,239.66
    +153.86 (+0.40%)
     

  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     

  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,161.01
    +243.73 (+1.36%)
     

  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

Oil group Total buys stakes in offshore Guyana blocks

Reuters - UK Focus

PARIS, Feb 5 (Reuters) - French oil and energy group Total (LSE: 524773.L - news) has bought stakes in some offshore Guyana oil production blocks, boosting its presence in the potentially lucrative Guyana basin.

Total said it was buying a 35 percent working interest in the Canje Block, in an agreement signed with an affiliate of Canadian company JHI Associates Inc. and Guyana-based company Mid-Atlantic Oil & Gas Inc.

These two companies will retain a shared 30 percent interest alongside operator ExxonMobil, which has a 35 percent stake.

Total has also bought a 25 percent working interest stake in the Kanuku Block, in an agreement with Repsol (Amsterdam: RP6.AS - news) and Tullow Oil (LSE: TLW.L - news) . Repsol and Tullow each have stakes of 37.5 percent in that block.

Total added it had an option to buy a 25 percent working interest in the Orinduik Block, in an agreement with Canadian company Eco Atlantic Oil & Gas Ltd, which will retain a 15 percent interest following exercise of the option, alongside Tullow Oil which has 60 percent. (Reporting by Sudip Kar-Gupta; Editing by Bate Felix)