Corporate week in brief: Total doubles its LNG contract portfolio with US$1.5 bn LNG acquisition
Macro: Brent holds above US$60/bbl; the Majors underperform in a decent week for oil and gas equities. Lead stories: Total acquires Engie’s LNG portfolio for US$1.5 billion. Companies: ConocoPhillips doubles down on value; mixed fortunes for the last players to report Q3 results; Santos announces 2018 investment plans; ExxonMobil commits more spend to the Vaca Muerta. M&A: Shell to reduce its stake in Woodside; Noble sells non-core DJ Basin assets for US$608 million.