Total SA will cut 150 jobs at its Joslyn oil-sands project in Canada and delay a final investment decision as costs escalate and the company and partner Suncor Energy Inc. look for ways to make the project more profitable.
Royal Dutch Shell Plc’s oil and gas production in the Americas will remain a “low return business” at least through 2015 because of weak prices, according to Sanford C. Bernstein & Co.
"What we are about to see is a knife taken to non-OPEC industry capex."
- Oswald Clint on Nov 28, 2014
Bernstein Research's Clint Likes Total SA Shares
Clint Says U.S. Oil Growth Insignificant
Bernstein’s Clint Says Brent Crude Will Fall by $10