Total Rules Out U.S. Shale Investments

French energy group Total is not looking at investing in the U.S. shale oil industry when asked whether peer BP's $10.5 billion acquisition of U.S. shale assets from BHP Billiton (BHPLF), had made that sector more attractive.

"It's first quite expensive, second we don't have the human resources. BP had the human resources, BP had already a position, so I can understand their move but it's not my case,” Patrick Pouyanne said on the sidelines of an oil conference.

Reporting by Shadia Nasralla