French energy giant Total SA is writing down the value of its oil-and-gas assets by $8.1 billion after lowering its oil-price expectations in the wake of the coronavirus pandemic.
The company, one of the world’s big five oil majors, said Wednesday the charge mainly related to its Canadian oil-sand assets, as well as to its liquefied-natural-gas assets in Australia.
More trains.......... 2.25 gallons of gas.
Good news for all living beings.
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