PARIS, Oct 30 (Reuters) – Policy shifts over climate change
as countries seek to diversify energy sources have opened
investment opportunities for renewables in the Middle East and
North Africa (MENA), the head of UAE green energy firm Masdar
Countries in the region are increasingly setting renewable
energy targets in their energy mix as demand grows, serving as a
boost for investments in solar and wind power ventures, Masdar’s
Chief Executive Ahmad Belhoul told Reuters in Paris.
PARIS, Oct 29 (Reuters) – French oil and gas company Total’s
reported better than expected third-quarter profit on
Thursday after high margins in its European refining business
and increased production softened the blow of prolonged low oil
A lower-for-longer outlook for oil prices took its heaviest
toll yet as oil companies reported a dramatic drop in income in
the third quarter, with some even falling to a loss.
PARIS, Oct 21 (Reuters) – Total’s boss is known as
a fixer; a straight-talking cost cutter who has emerged as the
right person to steer the French oil and gas company through one
of the industry’s worst downturns in decades.
The 52-year-old Patrick Pouyanne could not be more different
from his predecessor, the flamboyant Christophe de Margerie, who
died last October in a plane crash outside Moscow.
PARIS (Reuters) – Oil and gas industry bosses pledged on Friday to curb gas flaring as they sought to boost their image in the climate change debate ahead of a United Nations summit later this year, but disagreed on putting a price on carbon emissions.
The leaders of 10 companies that produce 20 percent of the world’s oil and gas recognised that current greenhouse gas levels were inconsistent with a goal of limiting global warming to 2 degrees Celsius over pre-industrial times, but stopped short of outlining goals to cut their own emissions.
PARIS (Reuters) – Oil and gas industry leaders on Friday launched a final charm offensive to highlight the sector’s relevance in the global fight against climate change before a key summit in Paris later this year.
In an unprecedented show of unity, the bosses of Europe’s top oil companies will be joined at a press conference by the heads of the national oil companies of Saudi Arabia and Mexico, who will lend their support to the initiative.
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.