Tue, 21-Oct-2025

Total Energies makes $4.1 bn writedown on Russian gas project

Russian

French power firm TotalEnergies said Wednesday it had taken a $four.1 billion impairment rate on its Arctic LNG 2 gasoline undertaking below production in northern Russia. On the eve of reporting its first-region outcomes, the firm said extra sanctions followed with the aid of European government, “extensively prohibiting export from European Union international locations of … Read more

TotalEnergies returns to profit after Covid crisis

TotalEnergies

PARIS: French energy giant TotalEnergies has rebounded from the Covid crisis with a huge 2021 profit as oil and gas prices soared, a performance that raised political hackles in an election year in France. The company reported net profit of $16 billion (14 billion euros), the highest in at least 15 years, following a historic … Read more