PARIS French utility EDF plans to cut operating costs by 500 million euros up to 2022 and aims to generate 3 billion from asset sales after reporting a fall in net profit in the first half of 2020 due to the coronavirus outbreak.
PARIS, July 30 French utility EDF plans
to cut operating costs by 500 million euros up to 2022 and aims
to generate 3 billion from asset sales after reporting a fall in
net profit in the first half of 2020 due to the coronavirus
PARIS, July 30 French energy major Total
reported a 96% fall in second-quarter net profit to
$126 million, exceeding expectations for a sharp loss, and said
it would maintain its dividend.
PARIS/LONDON France's Total said on Wednesday it will take an $8 billon impairment on the value of its assets, mainly in energy-intensive Canadian oil sands projects after the energy group slashed its oil and gas price outlook.
* GRAPHIC: European oil majors' spending tilts green https://tmsnrt.rs/3dWh9VV
(Adds details, background)
LIBREVILLE Gabon's Senate voted on Monday to decriminalise homosexuality, a landmark result that makes the country one of the few in Africa to reverse a ban on same-sex relationships. | Video
PARIS French energy group Total is conducting an audit of a pipeline that supplies its Grandpuits refinery near Paris following leaks in recent years, a spokesman said on Friday.
PARIS Global energy investment is expected to plunge by around 20% or $400 billion in 2020, its biggest fall on record, because of the new coronavirus outbreak, the International Energy Agency (IEA) said on Wednesday.
PARIS French energy group Total said on Monday it had agreed to buy up a large customer portfolio from Energías de Portugal and two of EDP's gas-fired combined cycle power plants in Spain, making it a leading player in the Iberian market.
PARIS French energy major Total promised to pay a steady cash dividend and said it can break even with low oil prices after the impact of the coronavirus outbreak and a collapse in fuel demand led to a 35% first-quarter profit fall.