European shares closed higher on Thursday, even as a further fall in oil prices led to heavy selling in the energy sector.» Read More
NEW YORK/ PARIS, Sept 25- French oil company Total SA has launched a process to sell its 17 percent stake in the Gulf of Mexico' s Tahiti oil field, which could fetch between $1.5 billion and $2 billion in a deal, according to people familiar with the matter.
The South Pacific nation began exports this year from Exxon Mobil Corp's $19 billion PNG LNG project, the largest private investment in the nation's history. However, Oil Search, a partner in Exxon Mobil's project, has challenged Total's purchase of the stake, saying it held the right to buy the stake.
The South Pacific nation began exports from Exxon Mobil Corp's $19 billion PNG LNG project this year. However, Oil Search, a partner in Exxon Mobil's project, has challenged Total's purchase of the stake, saying it held the right to buy the stake.
The OPEC basket of 12 crude oils slid to $94.31, the lowest level since July 2012 even as the U.S. confirmed 14 air strikes against ISIS.
RIO DE JANEIRO, Sept 18- Brazil's state-run oil company, Petroleo Brasileiro SA, will sign a contract to build and lease a floating production ship for its giant Libra offshore project this month, company Chief Executive Maria das Gracas Foster said on Thursday.
MINNEAPOLIS, Sept 18- A string of missteps at a $10 billion Angolan liquefied natural gas venture has hurt Chevron Corp's reputation as a top-notch operator of profitable energy projects around the world.
RIO DE JANEIRO, Sept 17- Royal Dutch Shell Plc and Total SA must accept Brazil's state-run Petrobras as a partner in their Gato do Mato offshore oil prospect under new Brazilian law, the country's top oil regulator said Wednesday, a move that could strip Shell of operational control of the resource. She spoke at an oil industry event in Rio de Janeiro.
*BNP Paribas tasked to find buyers for field- sources. LONDON/ LAGOS, Sept 16- France's Total SA, Europe's second largest oil company, has put one of its offshore Nigerian oil fields up for sale again, the company said, after a 2012 deal with Sinopec Corp failed.
Europe's Total, under pressure from shareholders to improve its cash flow and raise dividends, is looking to sell Blu-Tack maker Bostik.
Brazil's oil industry may be large and growing, but little of what Rousseff promised when elected in 2010- or before then as energy minister or chairwoman of state-run energy giant Petrobras- has come to pass.
Indonesia is growing protective of Natuna - a scattering of 157 mostly uninhabited islands - amid regional tensions in the South China Sea.
*Sees Q3 adjusted earnings $0.15- $0.35/ shr vs est $0.28. July 31- SunPower Corp, the second-largest solar panel maker in the United States, reported a 30 percent fall in quarterly profit as it installed fewer solar plants, sending its shares down 4 percent in extended trading.
SunPower Corp, the second-largest solar panel maker in the United States, reported a 30 percent fall in quarterly profit as it sold fewer solar plants. Net income fell to $43.9 million, or 28 cents per share, in the second quarter ended June 29, from $62.8 million, or 48 cents per share, a year earlier.
The downing of MH17 and tougher sanctions against Russia are pushing multinational energy companies to take a fresh look at the results of the crisis.
European shares closed lower on Wednesday, as investors reacted to fresh sanctions against Russia, big-name earnings and U.S. GDP.
Total stopped buying shares in Russia's Novatek the day of the downing of a Malaysia Airlines flight over Ukraine.
*Europe has 2 million bpd excess oil refining capacity. LONDON, July 23- Europe is coming under increasing pressure to close oil refineries as chronic over-capacity hits processing margins, dragging down group profits and hitting share prices.
European stocks closed lower on Monday following weak industrial production data for Germany, which stoked fears of a slowdown in Europe's largest economy.
July 2- Energy utility UGI Corp said it reached an agreement in principle to buy French oil major Total SA's LPG distribution business in France for about 400- 450 million euros. UGI distributed about 600 million retail gallons of LPG throughout Europe in fiscal 2013, including more than 250 million retail gallons of LPG by its unit Antargaz in France.
July 2- Energy utility UGI Corp said on Wednesday it would buy French oil major Total SA's LPG distribution business in France for about 400- 450 million euros. Total's French LPG business distributed over 265 million retail gallons in 2013, serving residential, commercial, industrial and autogas customers. Other terms of the deal were not disclosed.