French oil major Total cuts capital and operating expenses and trimmed its ambitious output growth targets.» Read More
European stocks closed mixed to lower on Thursday, as start-of-quarter enthusiasm petered out among investors and telecom stocks weighed on investor sentiment.
The Arctic is likely the biggest untapped area for petroleum on Earth, but Royal Dutch Shell is just the latest of the oil supermajors to pull back. Here's why.
Europe stocks finished marginally higher on Wednesday, as investors digested the latest from Volkswagen and continued to ponder China's economic health.
Sept 22- U.S. federal energy regulators on Tuesday alleged traders at the U.S. arm of French energy company Total SA manipulated the natural gas market in the southwestern United States between June 2009 and June 2012. In recent years, FERC has alleged violations of similar types of loss leader trading manipulation by JPMorgan Chase& Co, which paid $285 million in...
European stocks ended sharply lower on Tuesday, brought down by autos tanking, mining companies being downgraded and oil prices weighing on sentiment.
European markets closed lower on Friday, as investors' focus remained on next week's meeting of the U.S. Federal Reserve.
HOUSTON, Sept 6- Total SA's Port Arthur, Texas, refinery is running at about half of its 225,500 barrel per day capacity as coker throughput is minimal following a fatal accident at the unit on Saturday, sources familiar with plant operations said on Sunday. A Jefferson County Sheriff's Department official said the preliminary results of an autopsy show that...
HOUSTON, Sept 5- Total SA reduced production at its 225,500 barrel per day Port Arthur, Texas, refinery on Saturday after a contract worker was killed when the bulldozer he was driving in a pit beneath a refining unit flipped over in petroleum coke dust and scalding water, said sources familiar with plant operations. Total and the worker's employer, Kinder Morgan...
HOUSTON, Sept 5- Total SA cut production at its Port Arthur, Texas, refinery on Saturday after a contract worker was killed when the bulldozer he was driving in a pit beneath a giant refining unit flipped over in petroleum coke and coarse dust, said sources familiar with plant operations. Total and the worker's employer, Kinder Morgan Inc, both confirmed the...
French oil major Total has agreed to sell some of its gas pipeline assets in the UK's North Sea to North Sea Midstream Partners.
European stock markets closed sharply lower on Wednesday, as investors tried to understand the state of China's economy.
Citi Research told clients in a note Tuesday oil stocks are now cheap enough to start buying.
Oil prices fell Monday as Japan suffered an economic contraction and China's slowdown continued to weigh on oil market sentiment.
European equities closed slightly lower on Tuesday as investors kept an eye on earnings, oil and Greece.
Royal Dutch Shell warned on Thursday that lower oil prices could continue for several years, as earnings fell by a third.
European stocks finished higher on Wednesday after a bumper day of earnings, while investors awaited news from a two-day policy meeting of the U.S. Federal Reserve.
Oil giant Total reported that net profit fell 2 percent in the second quarter, as the company sped up its cost-cutting drive.
The Fed meets next week, but a commodities meltdown and earnings season are adding to concerns about global growth and may steal some of its thunder.
The world's big energy groups have shelved $200 billion of spending on new projects in a round of cost-cutting aimed at protecting investors. The Financial Times reports.
NEW YORK, July 24- French oil major Total S.A. is selling a 50 percent stake in its sole U.S. refinery in Port Arthur, Texas, and has retained investment bank Lazard to advise on the deal, according to a source familiar with the matter. Lazard and Total both declined to comment. In June, Exxon Mobil Corp and Petroleos de Venezuela SA sold their 192,500 bpd Chalmette,...