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Libyan militants attack French-run oil field, kill 3 guards

TRIPOLI, Libya — Libyan officials say gunmen have attacked a partly French-owned oil field and shot to death three guards. No group claimed responsibility for Tuesday’s attack on the al-Mabrouk oil field, 170 kilometers (105 miles) south of the coastal city of Sirte. A spokesman for Libya’s state-run National Oil Corp., Mohammed al-Harari, said Wednesday that all of the other ...

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Total CEO keeps costly drilling strategy to end: 2014

Michel Rose | Reuters PARIS (Reuters) – The chief executive of French oil major Total <TOTF.PA> is giving himself until the end of the year to strike oil at a big new field somewhere in the world before considering whether to change direction and cut the exploration budget. The Paris-based oil major, which launched a drilling strategy that it termed ...

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France’s Total gets rights to explore Russian shale oil

Total France

(Reuters) – French oil major Total has secured the rights to explore three hard-to-recover oil blocks in West Siberia, according to a statement on the website of the Russian region’s governor. Total will join other majors, ExxonMobil, Statoil and Royal Dutch Shell, to develop Russian shale oil, a key driver in Moscow’s efforts to at least maintain its oil output at ...

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France’s Total joins shale gas hunt in Britain


MELBOURNE (Reuters) – Total  has agreed to invest up to $48 million for a stake in shale licenses in Britain, the first major oil company to back the industry in a country seen as one of Europe’s strongest prospects for unconventional oil and gas development. Dart Energy  said on Monday Total would acquire a 40 percent interest in two licenses ...

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