25 July 2024
25 July 2024
Analysts had expected Total’s income to come in at $4.96bn (€4.51bn).
The legislation aims to ensure that “Big Oil gets Big Consequences when they profiteer off the backs of hard-working Americans”.
The Norwegian company has blamed the drop on milder temperatures in Europe, which dampened demand for gas.
The acquired company specialises in remote inspection services for the oil an gas industry.
NAOC's interest in the SPDC joint venture (JV) is not part of the sale and will remain within Eni's portfolio.
The deal will see Viridi deliver 650,000 gigajoules of renewable natural gas (RNG) annually from its facilities in the US.
The move is part of the company’s strategy to not hold more than 80% ownership in any single asset.
The approval comes despite ongoing sanctions imposed by the US administration on the Latin American nation.
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