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Oil

Poor refining margins drive profit down at Total

PARIS (AP) — French oil company Total says net income fell 10 percent in the first quarter of the year, partially due to poor refining margins amid a sluggish European economy.

Oil

Brazil oil block goes to Shell, Total, China firms

RIO DE JANEIRO (AP) — A consortium including Shell, Total, two Chinese firms and Brazil's state-run petroleum company Petrobras won the right to develop an offshore field that could hold up to 12 billion barrels, Brazil's government said Monday.

Oil

Norway opens Arctic water to 29 companies

Source: 
The Associated Press
Norway has awarded 24 oil and gas drilling permits to 29 companies to explore the nation's Arctic waters, The Associated Press reports.
Oil

Total Q1 profit hit by Canada project exit

PARIS (AP) — French oil company Total said Friday that its net profit fell 58 percent in the first quarter after it took a heavy loss to pull out of a Canadian project it said was no longer worth the investment.

Total restarts production after North Sea gas leak

PARIS (AP) — French energy group Total says it is slowly restarting gas production in an area of the North Sea where a well sprang a leak nearly a year ago.

Oil executive, former French minister on trial for corruption

Source: 
Reuters
Christophe de Margerie, chief executive of Total, and Charles Pasqua, former French interior minister, appeared in court today for corruption charges stemming from the United Nations oil-for-food program in Iraq, Reuters reports.
Oil

Qatar extends oil field pact with France's Total

DOHA, Qatar (AP) — Qatar says it has signed another 25-year agreement with France's Total to oversee a major offshore oil field.

Oil

Total looks to Africa for output growth

Source: 
Reuters

The French oil giant Total is hoping its African projects will increase its output by 25 percent over the next five years, Reuters reports.

Court convicts in deadly 2001 French factory blast

PARIS (AP) — A court in southwestern France on Monday convicted a factory chief and a subsidiary of oil giant Total of manslaughter for an explosion at a chemical plant in 2001 that killed 31 people.

The appeals court overturned earlier acquittals, 11 years after the blast that tore apart the AZF plant in Toulouse with the force of a 3.4-magnitude earthquake. Some 2,000 people were injured.

Oil

Iraq warns Total about Kurdish deal

Iraq has asked French oil giant Total S.A. to choose between working with the self-ruled northern Kurdish region or to quit developing one of the major oil fields in southern Iraq.

Last month, Total said it signed a deal with the Kurds to search for oil in two areas, defying Baghdad. Iraq's central government insists the country's energy resources should be managed on a national level.

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