From their gas and renewables-focused comments at this week’s Oil & Money conference in London (MEES, 11 October), one could be forgiven for forgetting that oil exploration and production remains front and central in European majors’ portfolios.
But for Total CEO Patrick Pouyanné it’s not just any oil. “We will continue to produce oil but efficient, low-cost oil. The ‘good oil’ of the Middle East,” he says. Total has made Abu Dhabi in particular a focus of its Gulf expansion (MEES, 10 May). (CONTINUED - 256 WORDS)
