TotalEnergies Q3 income hits three-year low as refining margins plunge

(Reuters) - French oil major TotalEnergies third-quarter profit hit a three-year low of $4.1 billion on Thursday, slightly missing expectations as refining margins and upstream outages dragged down earnings. Adjusted net income was down 37% from a year earlier and 12.7% lower from the previous quarter's $4.7 billion. The result just missed analyst expectations of $4.2 billion. Adjusted... Continue Reading →

Suriname’s first FPSO capable of producing 220,000 barrels per day – TotalEnergies CEO 

(oilnow.gy) The floating, production, storage and offloading vessel (FPSO) for Suriname’s first offshore development will be capable of producing 220,000 barrels per day (b/d), according to TotalEnergies Chief Executive Officer, Patrick Pouyanné.  The initial target was 200,000 b/d.  Pouyanne, at an energy event in ROG.e oil and natural gas conference in Rio de Janeiro said “I would... Continue Reading →

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