You are here

Opec deal tests oil majors' risk-reward appetite

Total, for example, is preparing for final investment decisions in 2017 to develop Brazil, Uganda projects


OPEC's deal to cut production and boost prices gives oil companies the opportunity to shake off two years of layoffs and slumping profits to start investing again - if they still have the risk appetite.

Just ask Patrick Pouyanne, chief executive officer of Total SA....