Category: Europe

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 »

Death of Total CEO: Reactions from oil industry, French leaders

France’s politicians and oil-industry leaders offered their condolences after the death of Christophe de Margerie, 63, chief executive officer of Total SA, the nation’s largest oil company.  More »
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