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Total

World news about “Total” published by euronews.

21/01 13:56 CET

Cheaper oil causes industry to pare drilling, lay off workers

Cheaper oil causes industry to pare drilling, lay off workers

Plunging crude prices have prompt a pullback in oil drilling. French energy firm Total said is to cut spending on ageing North Sea fields and on US shale production. That comes one day after the world's largest miner BHP Billiton announced a reduction of shale drilling over…