Total SA plans to increase security at its oil and gas fields in countries such as Algeria as a consequence of last week’s deadly hostage siege, Chief Executive Officer Christophe de Margerie said.
Total SA, Europe’s third-largest petroleum company, will delay some exploration and production projects as the slump in oil prices cuts into earnings.
Total SA’s board of directors has proposed a change that would enable Christophe de Margerie to remain chairman and chief executive officer of France’s biggest explorer beyond next year.
Total SA Chief Executive Officer Christophe de Margerie will appear in Paris court on Jan. 21 to fight charges he participated in the scandal stemming from the United Nations oil-for-food relief program.
"We're not affected by financing problems or embargoes because for the moment there are not any."
- De Margerie on May 16, 2014