Big Oil is getting smaller

According to PeakOil.com, the seven largest oil companies of the Western world — ExxonMobil, Shell, BP, Chevron, Total, ConocoPhillips and Eni —have seen their oil output decline by 12.4 percent between 2009 and 2013. According to the IEA, if total world oil supply has risen from 85.66 million barrels per day in 2009 to 91.53… Continue reading Big Oil is getting smaller

Offshore natural gas exploitation isn’t safe either

We have seen in 2010 with the catastrophe in the Gulf of Mexico that offshore oil exploitation could lead to dramatic pollutions. Now, we are learning the hard way that offshore natural gas exploitation can be foolhardy. As The Guardian noted : ” Oil giant Total has confirmed that a major gas leak on one… Continue reading Offshore natural gas exploitation isn’t safe either

Total to invest one billion euro in SunPower

To Reuters : ” French energy major Total SA’s landmark $1.37 billion (note : one billion euro) offer for a majority stake in U.S. company SunPower Corp gave fresh impetus to hopes of more deals, lifting global solar stocks. ” ” Total’s move is one of the biggest ever by an oil and gas giant… Continue reading Total to invest one billion euro in SunPower