Total restarts production at Elgin-Franklin gas fields, Dow Jones says Total (TOT) said that it has restarted production from the Elgin-Franklin complex of fields in the U.K. North Sea after receiving approval from the offshore safety regulator, reports Down Jones. In a statement, the company said the fields should produce 70,000 barrels of oil equivalent a day while a plan to drill new wells on the field is under consideration. Reference Link
BP upgraded to Neutral on reduced Russia risk at JPMorgan JPMorgan upgraded BP (BP) to Neutral citing less risk in Russia and a pathway to cash flow neutrality in 2017. JPMorgan this morning also upgraded Total (TOT) to Overweight and Eni SpA (E) to Neutral.