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.
Repsol SA rose to the highest in a month in Madrid trading after the Spanish oil company’s board agreed to accept $5 billion for Argentina’s seizure of its YPF SA unit, ending a two-year dispute.
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.
Total SA, Europe’s biggest refiner, said third-quarter crude-processing margins shrank to the lowest level in almost five years as fuel demand continued to slide.
"After several misses over the last two years, CGG this morning published a reassuring set of earnings."
- Bertrand Hodee on Nov 06, 2014