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France

Monday, April 13, 2015

France Oil & Gas News

Profits of oil companies like BP, Shell, Total, others hit by quest for crude price exposure
"In simple terms it (oil price sensitivity) has increased and that's been a deliberate choice," Simon Henry, Chief Financial Officer at Royal Dutch Shell Plc, said.

France's Le Pen pulls out of poll after family feud
Jean-Marie Le Pen, founder of France's National Front (FN), pulled out of regional elections Monday and anointed his granddaughter in his place, after a fierce public spat with his daughter who now leads the far-right party. The move promises to ease tensions both within the Le Pen family and the anti-European, anti-immigration FN, which has enjoyed considerable electoral success in recent years ...

Oil companies’ profits hit by quest for crude price exposure
The drop in big oil companies' profits in the past eight months isn't just a function of lower crude prices – it also reflects strategic choices. A Reuters examination of corporate filings by some of the biggest players in the industry, including BP (BP.L), Shell (RDSa.L) and France's Total (TOTF.PA), shows the sensitivity of these companies' earnings to changes in oil prices has risen in recent ...



Sunday, April 12, 2015

France Oil & Gas News

Oil prices edge up in Asian trade
Singapore – Oil prices rose in Asia Monday, extending last week's gains but the persistent global supply glut will likely cap advances, analysts said.



Friday, April 10, 2015

France Oil & Gas News

Oil prices rebound; gold firms
Oil prices rebounded and gold firmed this week as markets reacted to geopolitical concerns and the outlook for interest rates in the United States. The dollar has fought back against the euro in recent weeks as markets bet on rises to US interest rates later this year despite a clouded outlook. Minutes of the US central bank's last policy meeting showed a split over when interest rates should ...



Wednesday, April 8, 2015

France Oil & Gas News

France cuts deficit, growth estimates
France will cut its public deficit more than planned this year and next and bring it under the EU's cap of 3 percent of GDP in 2017 as expected.

France cuts 2015-16 deficit forecasts, trims growth estimates
France will cut its public deficit slightly more than planned this year and next and bring it under the EU's cap of 3 percent of GDP in 2017 as expected, government officials said on Wednesday. The government had said last month that it hoped to bring its budget deficit to around 3.8 percent of economic output in 2015, down from its previous 4.1 percent estimate. The government did not say on ...



Thursday, April 2, 2015

France Oil & Gas News

Iran Nuclear Deal Could Push U.S. Oil Production Down Later This Year
NEW YORK (TheStreet) -- Oil traders are cautiously eyeing a potential framework for a nuclear agreement with Iran. An agreement could mean more supply flowing to world markets from the Islamic state. That could push down the already-depressed price of oil, leading to downward pressure on U.S. oil production. Six of the world's powers including China, the United States, Russia, Britain, France ...



Monday, March 30, 2015

France Oil & Gas News

Oil giant Total sells Nigerian oil field stake for $569M
Paris, France -- French oil giant Total said Monday that it has sold its stake in a Nigerian oil field to a local company for $569 million (523 million euros). Total's sale of its share in the onshore Oil Mining Lease 29 to Aiteo Eastern E&P comes after the French group made two similar divestments in Nigeria. "These transactions ... reduce our exposure to non-operated blocks onshore Nigeria ...



Thursday, March 26, 2015

France Oil & Gas News

Oil Producers Try to Go Deep, Get Cheap for Underwater Wells
Trimming costs 20 percent from last year’s levels would make the majority of deep-water projects viable at $70 oil, said John Gremp, chairman and chief executive officer of FMC Technologies Inc. FMC, based in Houston, announced plans this week to form a joint venture with France’s Technip SA in a bid to reduce equipment costs for its customers. The International Energy Agency has estimated there ...






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