Total says it can't find gas off Cyprus

• Total (TOT +2.7%) says a search for oil and gas off Cyprus has failed to find any potential fields to warrant any drilling, but is talking to authorities on possibly continuing with more exploration work.
• TOT is licensed to drill in two blocks off the island's southern coast, adjacent to an area where Noble Energy discovered a field estimated to contain between 3.6T-6T cf of gas.
• Earlier: Total to cut 2015 capex by 10% but vows surgical response to oil slide