logo
Share SHARE
FONT-SIZE Plus   Neg

Total Now Progressing With Actions To Stop Gas Leak Incident At Elgin Platform

Total SA (TOT, TTFNF.PK, TTA.L) said it is now progressing with actions to stop a gas leak incident on the plugged G4 production well on Elgin platform. Further to the gas leak, the situation has been stable on site over the last five days, the company noted.

Total specified that two main solutions are being progressed. The first is to pump heavy mud directly into the well and the second is to drill relief wells to intervene at the source of the gas flow. The company is mobilizing all means to allow these options to be implemented.

The precise cause of the gas leak is still being investigated and efforts continue to bring it under control.

Total continues to actively monitor the situation by using satellites and surveillance spotter planes.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
French car maker Renault SA reported Friday higher profit in its fiscal 2015, with strong growth in automotive profit and revenues. The company announced higher dividend. Looking ahead, for fiscal 2016, Renault expects to increase group revenues at constant exchange rates and improve group operating margin. Shares of Rolls-Royce Holdings Plc were gaining around 13 percent in the morning trading in London after the engine maker reported more-than doubled profit in its fiscal year 2015, with lower one-time items. Underlying earnings were hurt by weakness in Marine markets. Further, the company halved its dividends, and still expects lower revenues next year. German steel giant ThyssenKrupp AG reported a loss in its first quarter, compared to last year's profit as sales and orders were hurt by sharp deterioration in materials businesses. The company said its overall performance in the first quarter was within its full-year forecast corridor. Looking ahead, the company continues to expect higher net income and flat sales for fiscal 2016.
comments powered by Disqus
Follow RTT