Statoil projects big returns from massive North Sea oil field
The Norwegian oil conglomerate estimates the field could generate as much as 650,000 barrels of oil per day. More »
Shell says lower oil prices could affect pace in Permian
European oil giant Royal Dutch Shell saw its profits slide 4.6 percent in the third quarter as it began to feel the dip in crude oil prices. More »
Statoil suffers first loss on oil-sands project, crude drop
Statoil ASA, Norway’s biggest energy company, reported its first quarterly loss since listing in 2001 after writing down the value of an oil-sands project in Canada and struggling with plunging crude prices. More »
Total’s Pouyanne sticks to cost-cutting as profit falls
Patrick Pouyanne, who was named to succeed de Margerie last week, plans to “hit the road” to visit contacts in the oil industry and in several resource-rich countries More »
BP CFO: $70 oil would threaten Big Oil projects
The Big Oil industry’s prized projects won’t face major cuts unless oil prices fall below $70 a barrel, BP’s chief financial officer told investors on Tuesday. More »
President, French elite honor late Total CEO
Total Chief Executive Christophe de Margerie’s cherubic demeanor made him known and appreciated by many French. More »
EU reaches deal to cut greenhouse gas emissions
The decision makes the EU the first major economy to set post-2020 emissions targets ahead of a global climate pact that is supposed to be adopted next year in Paris. More »
Coal-rich Poland ready to block EU climate deal
Poland says that EU’s proposed pace for increasing reliance on renewable energy sources is too fast for Eastern European countries that are trying to grow their economies as they restructure old, energy-dependent industries. More »
Total acts swiftly to replace CEO killed in crash
Barely 36 hours after de Margerie’s death, Total’s board chose its new leader at a board meeting Wednesday. More »
New Total CEO will contend with slump in production, oil
Pouyanne will have to see through a round of cost cuts as lower oil prices and weak returns from refining eat into profit at France’s largest company by sales. More »
Total board could vote for new CEO as soon as Wednesday
Total SA moved its emergency board meeting from Tuesday to Wednesday, when it will likely choose a successor to Christophe de Margerie, who died in a plane crash Tuesday night. More »
Reactions to Total CEO death pour in from oil industry, world leaders
Total SA CEO Christophe de Margerie died in a plane crash in Moscow on Tuesday when his private plane struck a snow plow, whose driver Russian investigators say as drunk at the time of the accident. More »
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