French utility and LNG player Engie posts 60 percent earnings surge amid arbitration case against Gazprom
French utility and LNG market participant Engie reported a more than 60 percent surge in revenues, though real net income plunged and the company said it was going ahead with an arbitration procedure against Russia’s Gazprom.
Engie returns to profits but year-zero policy kept in favour of renewables versus gas and nuclear assets
Engie, the France-based European utility company, reported an annual profit of €3.7 billion ($4.2Bln) compared with a loss of €1.5Bln in 2020 as the natural gas and power network businesses improved and nuclear turned a profit while renewables were disappointing given the amount of investment and promotion.
Europe’s most green-centric utility Engie names oil and LNG expert Catherine MacGregor as new CEO
Engie of France, whose widespread operations include utilities, gas networks and a liquefied natural gas business, has named Catherine MacGregor as its new Chief Executive after she had previously been lined up to head the LNG engineering spin-off from TechnipFMC.
TechnipFMC revenues rise to over $3.3Bln as company split into two entities remains on track
TechnipFMC, Franco-US energy and LNG engineering company, said its split into two separate listed companies was on track for the first half of 2020 as it posted a 6 percent increase in third-quarter revenues to $3.33 billion as new large-scale LNG contracts were awarded.
