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Name | Symbol | Market | Type |
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TOTAL SE | NYSE:TOT | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.00 | 0.00% | 48.30 | 0 | 01:00:00 |
By Giulia Petroni
Total SE said Tuesday that the government of Norway has approved the final investment decision for a carbon-dioxide sequestration project the company plans to launch with Royal Dutch Shell PLC and Equinor ASA in the Northern North Sea.
The French oil-and-gas major said the project, which is called "Northern Lights", includes the development and operation of CO2 transport and storage facilities. Phase one is expected to be completed in 2024.
Merger clearances are underway and the partners are in the process of establishing a joint venture responsible for the project activities, Total said.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
December 15, 2020 09:44 ET (14:44 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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