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.
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.
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.
"Shell is clearly demonstrating to the market that 2013 was an abnormal year, well below the potential of the company's toolkit."
- Bertrand Hodee on Oct 30, 2014