Trending News: War Complicates Pricing of Saudi Arabia’s Oil for AsiaSouth Korea Weighs First Public Driving Restrictions in 35 YearsNigeria Pays 65% More for Gasoline as Dangote Battles Crude Import CostsGlobal Fuel Prices Are Surging as the Middle East War Hits ConsumersChina Sends Fuel to Struggling Southeast Asia Despite Export BanAustralia Cuts Fuel Tax in Half as Middle East War Squeezes SupplyIndia Leans on Coal and Renewables as War Throttles Gas SupplyBrent Hits $115 as Trump Threatens Iran’s Oil Wells and Power PlantsPoland signs large-scale biogas power dealAmbit Semiconductors expands AI technologies in USCOMMENTARY: Crude Oil and LNG Supply are at Risk of the Worst-Possible Scenario: RussellA Riskier Mideast Will Drive Big Oil Toward New Frontiers: BoussoOil Heads for Record Monthly Leap as Houthi Attacks Widen Gulf ConflictSome Trades Ahead of Trump Policy Moves Raise QuestionsTrump Again Warns Iran to Open Strait of HormuzTrump Says He Wants to “Take the Oil” in IranRussian Tanker Set to Arrive in Cuba Despite U.S. BlockadeDenmark to research converting industrial gases into low-carbon productsHelium diverted to critical sectors as supplies tightenMiddle East Renewable Energy Investment Surges On AI Demand And Integrated Infrastructure PushEntergy Louisiana and Meta Seal New Deal to Power $2B in Customer Savings for Mega Data CenterIndonesia Accelerates 100 GW Solar Plan to Achieve Energy IndependenceVietnam Advances Solar Sustainability With IREX And Hamada Recycling PartnershipU.S. Adds 43 GW Of New Solar In 2025 As SEIA And Wood Mackenzie Report Fifth Straight Year Of Solar Leading All Power SourcesJPM Warns of Vulnerability That Could Add $20 to Oil PriceVideo | European Biogas Association: Europe’s biogenic CO2 marketWoodside pulls Browse CCS plan amid approvals overhaulArgentina’s State Oil Firm Dodges $16B PayoutOil Climbs on Fears of Multi-Front Supply ShockOil Set to Book Record Monthly Gain on Iran Crisisgasworld to launch unified platform for industrial gas and hydrogengasworld to launch unified platform for industrial gas and hydrogenGulf crisis shines light on energy flows and need to derisk LNG routesSponsored content: Improving operations with JIP33 gas fitting standardsRussia Warns of Force Majeure on Oil Cargoes After Port DisruptionsTrump Claims Iran Yielded to US War Demands$100 Oil Is Solving Russia’s Budget ProblemAker BP’s Earnings Slide Masks a Massive Growth PushIn Pictures: Akkuyu 2’s polar crane installedBulgarian repository moves closer to commissioningContainment tests completed at Sanmen 3New US company plans uranium conversion facilityPentagon Preparing for Weeks of Ground Operations in Iran, Washington Post ReportsFedEx Expands Solar Footprint With First On-Site Installation At Shanghai Cargo HubEskom Extends Solar Registration Deadline Amid Public Backlash And Policy ConcernsPotaliya Petrochemicals, Kishan Infrastructure Win SECI’s 17.77 MW Rooftop Solar Projects In PuducherryRays Power Infra Wins 200 MW RTC Renewable Energy Project For Indian RailwaysJSERC Approves JUSNL Five-Year Plan And Tariff Framework To Support Rising Power Demand In JharkhandUS Drillers Cut Oil and Gas Rigs for Second Week in a Row, Baker Hughes SaysServices Firms Feel the Squeeze as Oil Rally From Iran War Fails to Spur DrillingOil, Gas Exploration is Back: Energy Giants Hunt to Replenish ReservesSpiking US Diesel Prices Keep Trucking Industry Stuck in Years-Long SlumpRussia’s Baltic Ports Burning Again as Ukraine Drone Campaign Enters Third DayAsia Begins Pricing U.S. Oil Against Brent as Dubai Volatility SpikesExecs Predict What Price WTI Oil Will Hit in FutureCuba Looks to Vatican for Help to Ease US Oil Embargo, Washington Post ReportsMeta Funds Seven Gas Plants to Power Biggest Data CenterBessent Says Hormuz Ships Insurance Program to Start SoonDrones and Mines: Taking Kharg Island Would Pose Risks for US TroopsRussia’s Lavrov Says US Wants to Take Over Nord Stream Gas PipelinesLNG Arbitrage Creates Winners From Energy ShockStressed US Grid Forcing Data Centers to Get More FlexibleMacquarie: Two More Months of War Could Send Oil to $200Soaring Prices Set to Crash China’s LNG Imports to 8-Year LowMaersk Slaps Emergency Fuel Surcharge as War Upends Marine Supply ChainsFuture primary helium volumes ‘won’t match LNG byproduct’A tribute to Buzz Campbell: The original ‘gasman’CO2 volatility drives shift to real-time supply chains, says Nippon GasesReliant Dry Ice expands across the MidwestIn memoriam: John ‘Buzz’ Campbell, the ‘original gasman’Analysis: helium markets in flux as prices climbOil Up Nearly 3% But Set for First Weekly Decline Since Start of Iran War Oil Markets Price In Peace, but the Upside Risk RemainsJapan Considers Switch From LNG to CoalCyclone Causes Outages at Australia’s Top LNG ProjectsIndia Cuts Fuel Taxes and Curbs Exports as Oil Crisis DeepensEU approves funding for 50MW green and pink hydrogen projectEmpower Declares H2 2025 Dividend, Signals Strong Financial Stability And Growth OutlookSungrow Advances Australia’s PV-ESS Future with Hybrid Innovation and Elevated Energy Storage Safety Biomethane firm to supply biogenic CO2 for e-fuels in SpainBiomethane firm to supply biogenic CO2 for e-fuels in SpainMERC Issues Final Order On MSEDCL Tariff Review After Court Intervention‘Perfect storm’ warnings for LNG with trio of Australia shutdownsMPERC Approves 4.8% Tariff Hike For FY 2026-27, Balancing DISCOM Finances And Consumer ReliefAll Middle East Energy Assets at Risk, StanChart WarnsEIB Global And Techcombank Launch €200 Million Green Credit Line For VietnamJapan relaxes rules on coal-fired plants to offset Gulf LNG import concernsRecord Oil and Gas Output Fails to Shield CNOOC from Market VolatilityIran’s Gift To the World: 10 Oil Tankers Through Strait of HormuzGoldman: Oil Shock Will Hit JobsNikkiso CE&IG launches service partnership with Exion AsiaBlue Star Helium facility in ‘continuous operations’Repairing Gulf LNG and energy infrastructure will cost at least $25bnOccidental’s Hollub, US Oil’s Most Powerful Woman, Prepares to Hand Over Reins, Sources SayOil Settles Up Nearly 6% as Investors Fear Further Middle East EscalationTrump Says He Will Pause Attacks on Iran’s Energy PlantsBig Oil to Reap Billions From Iran War Windfall After a Month of Soaring Energy PricesStudy outlines Finnish options for new nuclear capacityMicrosoft, Nvidia team up for AI for nuclearFirst 10 years of Russian final waste repository reviewed

TotalEnergies income slips year-on-year but project pipeline grows

Gas
April 30, 2025

Multinational energy business TotalEnergies, headquartered in France, has posted an 18% year-on-year drop in net income in the first quarter of 2025, falling from $5.1bn to $4.2bn.

The quarterly profit of $4.2bn was slightly down on the previous Q4 result ($4.4bn), but broadly in line with it, and the company made progress on many fronts in the quarter.

Integrated LNG recorded net operating income of $1.3bn and cashflow of $1.2bn for the first quarter, driven by higher year-on-year prices but was lower than Q4. The division’s performance was down 10% on the previous quarter but up 6% year-on-year.

LNG trading results were “in line with expectations” while gas trading grappled with the downturn of European markets following heightened uncertainties in the Russia–Ukraine conflict.

… to continue reading this article and more, please login, register for free, or consider subscribing to gasworld