North Platte Exit Hits Total With Impairment

摘要

TotalEnergies’ decision earlier this year to forgo development of its North Platte scheme in the deepwater Gulf of Mexico will result in a $900 million impairment against its Orst-quarter earnings. In announcing the impairment, the French major reiterated in its 20-F annual Oling that it saw “better opportunities of allocation of its capital within its global portfolio. ”