Total, an integrated oil and gas company, has signed an agreement with the Korea National Oil Corporation to farm into the onshore exploration Block 70 in Yemen with an interest of 30.875%. The agreement has been approved by the Yemeni Ministry of Oil and Minerals.

Business News IN BRIEF --Korea National Oil Company poured cold water on speculation that it would launch a spoiling offer for Burren Energy. The FTSE- 250 oil explorer and producer agreed to be taken over for 1.76bn by Italy's Eni on 30 November.