Refining And Gas Give TotalEnergies Q2 Blues

Refining And Gas Give TotalEnergies Q2 Blues

Net profit shed seven percent year-on-year in April-June, to $3.8 billion AFP French oil heavyweight TotalEnergies on Thursday reported slumping profits in the second quarter, blaming lower margins in refining and falling sales and prices for natural gas. Net profit shed seven percent year-on-year in April-June, to $3.8 billion, the company said in a statement. … Read more

TotalEnergies Uganda Oil Project ‘Devastating’: Conservationist

TotalEnergies Uganda Oil Project ‘Devastating’: Conservationist

Production has yet to begin, but TotalEnergies’ controversial East African oil project is already taking a dire environmental toll in Uganda’s largest national parks, a leading conservationist group said Friday. Despite opposition from environmentalists and rights activists, the French energy giant is pushing ahead with its Tilenga drilling project in Uganda and a 1,443-kilometre (897-mile) … Read more