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  • PARIS— French energy giant Total SA said Tuesday that its net profit slid 20 percent in the first quarter despite a rise in production as slumping oil prices took their toll. The company said net profit for the quarter was $2.66 billion, down from $3.34 billion a year earlier. CEO Patrick Pouyanne said Total is "demonstrating its resilience and profiting from its...

  • Japan's Inpex wins stake in major UAE oil fields Monday, 27 Apr 2015 | 11:37 AM ET

    DUBAI, United Arab Emirates— Japan's Inpex Corp. on Monday won a stake in the development of major oil fields in the oil-rich emirate of Abu Dhabi, deepening the Asian nation's ties to the United Arab Emirates federation. The Abu Dhabi National Oil Co. said the deal gives Inpex's Japan Oil Development Co. Ltd. Division a 5- percent stake in the onshore concession...

  • UPDATE 1-SunPower, Apple to build solar projects in China Thursday, 16 Apr 2015 | 10:05 AM ET

    April 16- Solar panel maker SunPower Corp said it would partner with Apple Inc to build two solar power projects in China's Sichuan province with total capacity of 40 megawatts. The projects, when complete, will be co-owned by Apple and Sichuan Shengtian New Energy Development Co Ltd, SunPower's project development joint venture. SunPower and longstanding...

  • SYDNEY, April 14- Papua New Guinea's National Petroleum Company said it is looking to raise billions of dollars to help fund new oil and gas projects, as the South Pacific country battles a sharp slump in forecast revenue from a plunge in prices for the commodities. While prospects for new liquefied natural gas developments globally have been hammered by the...

  • Oil stocks surge on M&A, Europe closes flat Wednesday, 8 Apr 2015 | 11:34 AM ET

    European equities closed mostly lower on Wednesday, despite a surge in energy stocks after Royal Dutch Shell launched a bid for U.K.-listed BG Group.

  • Once a darling of emerging market investors, the slump in oil prices mean Nigeria’s economy is seen continuing to slow after this weekend’s elections.

  • BP CEO on oil: 'It's going to be very painful' Saturday, 14 Mar 2015 | 7:56 AM ET
    BP CEO Robert Dudley speaks during a plenary session at the 21st World Petroleum Congress in Moscow.

    The dramatic drop in oil prices is going to be very painful for the oil and gas industry, BP CEO Bob Dudley told CNBC Saturday.

  • 4 trades on the oil selloff, Brazil turmoil Friday, 13 Mar 2015 | 7:15 PM ET
    A Petrobas platform at the Brasfels shipyard in Angra dos Reis, about 115 miles west of Rio de Janeiro.

    Crude oil is plummeting, but some names are worth picking up on the weakness, "Fast Money" traders said.

  • 'Risky' places where investors are finding returns Friday, 6 Mar 2015 | 8:27 AM ET

    A new research report has shone light on the corners of the market that investors have flocked to in search some return.

  • Europe markets close lower as oil price falls Monday, 2 Mar 2015 | 11:34 AM ET

    European equities turned lower Monday as a fall in the price of oil once again hit investor sentiment.

  • CALGARY, Alberta, Feb 24- Cash flows from the Canadian oil sands will fall by $23 billion and turn negative in the next two years, energy consultancy Wood Mackenzie said in a report on Tuesday, as low crude prices make it less economical to extract tar-like bitumen from the sands. The oil sands of northern Alberta hold the world's third-largest proven crude...

  • CALGARY, Alberta, Feb 24- Oil sands cash flows will fall by $23 billion in the next two years, energy consultancy Wood Mackenzie said in a report on Tuesday, as low global petroleum prices make it less economical to extract bitumen from northern Alberta. Canada's oil sands hold the world's third-largest proven crude reserves after Saudi Arabia and Venezuela, but...

  • *SunPower Q4 adj profit of $0.26/ shares vs est. of $0.24. *SunPower, First Solar shares up on JV news. Feb 24- Shares of solar companies got a boost on Tuesday, a day after SunPower Corp and First Solar Inc said they were in talks to jointly spin off some assets, a move expected to generate stable cash flows for the long-standing rivals.

  • CALGARY, Alberta, Feb 24- Oil sands cash flows will fall by $21 billion in the next two years, energy consultancy Wood Mackenzie said in a report on Tuesday, as low global petroleum prices make it less economical to extract bitumen from northern Alberta. Canada's oil sands hold the world's third-largest proven crude reserves after Saudi Arabia and Venezuela, but...

  • Feb 23- First Solar Inc and SunPower Corp said they were in advanced talks to form a joint venture, which will hold some of their solar power-generating assets. First Solar's shares rose 10.4 percent, while SunPower's stock was up 11.8 percent in after-market trading on Monday. First Solar and SunPower said they intend to file with the U.S. Securities and Exchange...

  • European shale dream dying before it started Monday, 23 Feb 2015 | 1:14 PM ET
    Employees during a press visit to the first shale gas exploring site started by Chevron in Pungesti, Romania, April 2014.

    Chevron announced it is relinquishing concessions in Romania, the last of its shale gas projects in Europe.

  • A bajaj, traditional Indonesian transport vehicle, fills up at a Pertamina fuel station, a state-owned petroleum company in Jakarta on June 18, 2013.

    Foreign oil companies at last see an opportunity to sell gasoline on a mass scale in Indonesia with the scrapping of government price-fixing.

  • US crude settles up 3%, at $52.78 a barrel Friday, 13 Feb 2015 | 2:47 PM ET
    Pumpjacks operated by XX pump petroleum from the ground on September 23, 2014 near Ruehlermoor, Germany.

    Oil rose above $60 a barrel on Friday for the first time this year, bringing its gain this week to almost 4 percent.

  • Saudi Arabia 'in the middle' of oil game: Total boss

    Total CEO Patrick Pouyanne hits out at Saudi Arabia's decision not to cut oil production.

  • US will not get energy independence: Total boss   Friday, 13 Feb 2015 | 2:00 AM ET
    US will not get energy independence: Total boss

    Total CEO Patrick Pouyanne, says the U.S. will not get energy independence and will need to keep importing oil.