Bertrand Hodee

Total Says Gas Leak Will Cut Output as Profit Little Changed

Total SA, Europe’s third-largest oil producer, said second-quarter production would be cut by a gas leak in the North Sea as earnings in the first three months were weighed down by a weak refining market.

Technip First-Quarter Profit Rises 7.6% on Record Orders

Technip SA, Europe’s second-largest oilfield-services provider, reported a 7.6 percent gain in first-quarter profit and record orders as energy producers seek to develop new reserves.

Total Drops to Three-Month Low on Elgin Gas Leak: Paris Mover

Total SA, the largest French oil producer, dropped to a three-month low in Paris as gas leaked from its Elgin platform in the U.K. North Sea for a fourth day.

Maurel Rises on Plan for Caroil Sale, Tuscany Stake Purchase

Etablissements Maurel & Prom SA, a French oil explorer, jumped after announcing a plan to buy a 29 percent stake in Tuscany International Drilling Inc. as part of the Canadian company’s purchase of its rig unit Caroil SAS.

Total Plans Production Increase, Asset Sales as Profits Rise

Total SA, Europe’s third-largest oil producer, posted a 7 percent increase in profit on higher crude prices and pledged to raise output and sell assets this year.

Technip Quarterly Net Rises 33% as Oil Projects Spur Growth

Technip SA, Europe’s second-largest oilfield-services provider, reported a 33 percent increase in fourth-quarter profit and said new discoveries will bolster the business in the coming year. The shares advanced to a record.

Maurel & Prom Surges on Plan for Nigerian Oil Unit Listing

Etablissements Maurel & Prom SA , a French oil explorer, surged after announcing a plan to spin off a Nigerian unit that acquired production licenses from Royal Dutch Shell Plc.

Technip Raises 2011 Subsea Sales Outlook as Net Income Gains

Technip SA, Europe’s second-largest oilfield-services provider, reported a 17 percent increase in third-quarter profit and raised the target for sales from subsea projects amid high oil prices that could drive new projects.

Maurel Fails to Get Takeover Offers, Oil Explorer’s CEO Says

Etablissements Maurel & Prom SA Chief Executive Officer Jean-Francois Henin , the largest shareholder of the French oil explorer, said he’s failed to attract a reasonable offer for the company, which has also tried to list in London.

CGGVeritas Surges on Seismic Demand, Third-Quarter Profit

CGGVeritas, the world’s largest seismic surveyor of oil fields, surged to a two-month high after reporting a profit in the third quarter and strong demand for equipment.

"It seems there is no quick fix, except if the leak comes from a small pocket of gas that will deplete very fast."

- Bertrand Hodee on Mar 28, 2012

Europe

Nigeria

London

Norway

U.S. Stocks Rise as ECB Cuts Rate, Jobless Claims Fall

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Draghi Leaves Door Open to Further Monetary Easing

Euro Falls as Draghi Open to Negative Rates; Dollar Strengthens

Jobless Claims in U.S. Unexpectedly Decline to Five-Year Low