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.
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 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.
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.
CGG SA, the world’s largest seismic surveyor of oilfields, fell the most in more than four months in Paris trading after reporting a first-quarter loss.
Royal Dutch Shell Plc, Europe’s biggest oil company, reported first-quarter results that beat analyst forecasts on higher natural gas earnings. The shares rose the most in two years in London.
Bourbon SA jumped the most in 15 years in Paris trading after receiving a takeover bid that valued the shipowner at 1.8 billion euros ($2.5 billion).
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.
"The demand is there and the Shell CEO has visited Russia more than any other nation since he took office to make the Sakhalin-2 expansion a reality."
- Bertrand Hodee on Jul 22, 2014