LONDON/PARIS, Sept 23 (Reuters) – French oil and gas major
Total put the protection of its dividend at the centre
of its strategy on Wednesday, as it set out reduced investment
plans and increased cost cuts in preparation for an extended
period of depressed oil prices.
The cost cutting deepens previous steps taken by Total to
withstand the oil price rout and is similar to measures taken by
rivals. So far only Italy’s Eni has cut its dividend
among oil majors, most of whom see the payout to shareholders as
the chief factor supporting their shares.
PARIS (Reuters) – Oil major Total is expected to announce a new exploration strategy, more cost savings, asset sales and growth targets that will signal to the market on Wednesday it is adapting to the current low oil price environment.
Total, like other oil majors, has cut spending, is on target to meet its three-year $10 billion asset sales program and has canceled projects in high-cost areas due to oil prices that have plunged almost 60 percent since June last year due to oversupply and slow demand.
PARIS (Reuters) – Countries suffering the worst effects of climate change will not be content with empty promises at the Paris summit in December and the meeting could end in failure unless they are satisfied, President Francois Hollande’s envoy has warned.
France will host the summit where some 200 countries are expected to agree to keep temperatures below a ceiling of 2 degrees Celsius (3.6 Fahrenheit) above pre-industrial levels.
DAKAR (Reuters) – Scores of Senegalese migrants returned home on Tuesday after they were detained by Libyan authorities and imprisoned for months when they tried to reach Europe illegally.
Some 145 flew back to the Senegalese capital of Dakar once authorities in Tripoli released them, on a charter organized by the International Organisation for Migration, the migrants said.
BAUCHI, Nigeria (Reuters) – Nigeria’s army has rescued 200 girls and 93 women during a military operation to wrest back the Sambisa Forest from the Boko Haram Islamist militant group, it said on Tuesday.
Boko Haram kidnapped more than 200 schoolgirls near the northern village of Chibok in April 2014, causing an international outcry. The six-year insurgency has seen thousands killed and many more abducted.
KADUNA, Nigeria (Reuters) – Nigerians streamed down the streets of flashpoint northern cities on Tuesday, waving flags and chanting in celebration of a stunning election victory by opposition candidate, northerner Muhammadu Buhari.
The divided city of Kaduna had been calm and deserted for most of the day as nervous residents stayed indoors, glued to radio and television sets for word from the electoral commission about the results of this weekend’s presidential election.
KADUNA, Nigeria (Reuters) – As results of Nigeria’s March 28 election trickled in on Monday, residents of the northern city of Kaduna barricaded themselves indoors, fearing a repeat of the tit-for-tat killlings that engulfed it following a highly contested poll in 2011.
The usually bustling Constitution Avenue, in Kaduna’s main commercial hub, was deserted and most shops were closed.
ABUJA, March 29 (Reuters) – Confusion and violence blighted
Nigeria’s tensest presidential election since the end of army
rule, with the opposition rejecting results from a turbulent
southern state even before they have been announced.
The opposition All Progressives Congress (APC) in Rivers
state accused supporters of President Goodluck Jonathan of being
behind killings of its campaigners, and denounced the vote there
as “a sham and a charade”.
ABUJA, March 29 (Reuters) – Voting in Nigeria’s tensest
election since the end of military rule in 1999 spilled into a
second day on Sunday after technical glitches hit voter ID
machines and Islamist Boko Haram militants killed more than a
dozen people in drive-by shootings.
The race pits President Goodluck Jonathan against former
military ruler Muhammadu Buhari for the favour of an electorate
divided along a complex mix of ethnic, regional and in some
cases religious lines.
ABUJA (Reuters) – Gunmen killed at least 15 people including an opposition politician near polling stations in northeast Nigeria on Saturday, casting an ominous shadow over the closest electoral contest since the end of military rule in 1999.
The tense race pits President Goodluck Jonathan against former military ruler Muhammadu Buhari for the favour of an electorate divided along a complex mix of ethnic, regional and in some cases religious lines.