IMG.gif

TotalEnergies Takes $3.7B Write-Down on Novatek

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
ss1539593492-companies-novatek-logo-building

TotalEnergies said on Friday it would write down $3.7 billion on its 19.4% stake in Novatek after deciding to no longer recognize its shareholding in the Russian gas independent on its books.

Topics:
Corporate Strategy , LNG Projects, Sanctions, Military Conflict, Ukraine Crisis, Earnings
Wanda Ad #2 (article footer)
#
Saudi Arabia's energy minister has warned once again that sanctions and underinvestment may lead to a global energy supply crunch.
Mon, Feb 6, 2023
Shell's four-well deepwater drilling program is headlining what looks to be a busy year for exploration in Mexico's waters.
Mon, Feb 6, 2023
The project would supply OCI's planned ammonia plant in Beaumont but is not related to separate agreements Linde has with other companies.
Mon, Feb 6, 2023