The headquarters of GDF Suez SA stand at La Defense in Paris. (Nigel Dickinson/Bloomberg)

GDF Suez to lower spending on oil crash as 2014 profit falls

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GDF Suez had lowered its 2014 profit forecast because two nuclear reactors in Belgium remained halted due to safety checks of cracks in their cores.
(Paul White/(AP photo)

Repsol profit triples as refining counterbalances oil drop

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Oil’s drop of almost 50 percent over the past six months pushed companies from Total SA and Royal Dutch Shell Plc to BP Group Plc and Statoil ASA to announce investment cuts in the past month.
(Getty)

Premier oil suspends dividend after posting full-year loss

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First oil from its Solan project in the North Sea west of Shetlands is now expected in the second half instead of the second quarter because of poor weather conditions, the company said.
(SAMAD/AFP/Getty Images)

CGG to cut about 400 jobs after 2014 $1.2 billion net loss

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Last year, Europe’s second-biggest oil-services provider Technip approached CGG about a combination of the two French companies specialized in providing equipment and studies for the energy industry. The surveyor, which has cut jobs and reduced its fleet, rejected the bid.
(Kristian Helgesen/Bloomberg)

Oil slump threatens easy life of affluent Norwegians

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After a decade of an oil-and-gas boom, plunging energy prices are shaking Norwegians out of a Utopian reverie that guaranteed workers lengthy summer vacations, generous health and social benefits, and allowed them to leave work at 4 p.m. and even earlier on Fridays.
(David Paul Morris/Bloomberg)

Chevron pulls out of shale gas exploration in Romania

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The company began drilling for shale gas at its exploration well in northeastern Romania in 2014, a project that drew protests. It is also ending its three other concessions in Romania.
Categories: Europe, Shale
(RJ Sangosti/The Denver Post via Getty Images)

Dutch authorities put gas revenues ahead of safety, report says following earthquakes

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The Dutch Safety Board reached the conclusion in a report prompted by dozens of small but damaging earthquakes caused by gas drilling that have rocked the northern province of Groningen for years, causing structural damage to thousands of buildings.
Technip CEO Thierry Pilenko speaks to journalists in October 2013. (Gary Fountain/for the Houston Chronicle)

Technip promises revenue growth in 2015 amid oil-price slump

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Technip said it adapted to the challenging conditions in the oil industry by cutting costs, reducing headcount and streamlining its fleet of vessels.
(Kristian Helgesen/Bloomberg)

Norway rejects call to cut oil taxes as cure for crude crash

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Oil companies in the country are preparing to cut investment by 15 percent this year.
People wave Russian flags as they look at Russian President Vladimir Putin delivering a speech on a screen on March 18, 2014, in Sevastopol.  (VIKTOR DRACHEV/AFP/Getty Images)

Russia battles over billions in oil taxes amid crude price crash

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On the brink of its first recession since 2009, Russia’s state coffers are being depleted by lower energy revenue as sanctions and a plunging ruble put further pressure on the economy.