Total sells $900m of its UK gas assets

Total, one of the biggest energy firms operating in the North Sea, has sold off $900m (£585m) of UK gas interests to cut costs, amid the continuing collapse of oil prices.

Total says to buy Chevron petrol stations in Pakistan

PARIS: French energy giant Total and its Pakistani partner PARCO said today they had reached a deal with American oil major Chevron to buy its fuel distribution network in Pakistan.

Libya: Italian oil firm Eni resumes Abu Attifel pumping

Italian oil firm Eni has restarted production at an oil field in Libya, as opponents of Col Muammar Gaddafi tighten their control on the economy.

Eni, which was the biggest foreign oil producer in Libya before Col Gaddafi was overthrown, said it planned to reopen other fields in the coming days.

Total and Eni blame profit falls on conflict in Libya

Oil companies Total and Eni have both blamed profit falls on the conflict in Libya disrupting their production in the north African country.

France's Total saw its net profit decline 12% to 2.73bn euros ($3.89bn; £2.4bn) in the three months to 30 June.