Total SA's net falls on higher costs, lower crude prices, weaker dollar

Article Abstract:

First-quarter net profit for petroleum firm Total SA fell 17% to $4.14 bil, while revenue fell 2.8%. The company also stated it would not make its 6% growth target for hydrocarbon production this year due to reduced contributions from Venezuela and Azerbaijan and production disruptions in Nigeria.

Sales, profits & dividends, France, Petroleum industry, Company sales and earnings, Company earnings/profit, TOTAL S.A., TOT, Financial report

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Amid Gazprom's power play, EU must move to secure supply

Article Abstract:

Russian gas firm OAO Gazprom has announced it may cut off a portion of its supplies to the Ukraine, stating that the nation owes the firm $1.5 bil. This announcement increases the urgency of the European Union taking steps to secure long-term energy supplies from sources other than Russia.

Government domestic functions, Goods & services distribution, Alliances, partnerships, Ukraine, International politics, Natural gas liquids, Channels of Distribution, Oil & Gas Extraction, Oil and Gas Extraction, Energy policy, Political aspects, Russia, Gas industry, European Union, OAO Gazprom, Foreign policy, Distribution agreements

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