LNG

French energy major Total said it would not complete the purchase of the African assets in Algeria and Ghana of Occidental Petroleum of the US, while it has finalized the acquisition of Mozambique LNG and a South African offshore licence under the same original deal.

Occidental Petroleum Corp. recorded a fall in second-quarter profits as it advanced with its takeover of Anadarko Petroleum whose shareholders are scheduled to vote on the deal on August 8, deciding the final destination of a major stake in Mozambique LNG.