Thursday, 04 February 2021 07:58
Shell posts $21.6Bln loss with write-downs as LNG sales drop and negative outlook is issued for 2021
Royal Dutch Shell earnings were sunk by impairment charges as it posted a $21.68 billion annual lost compared with a profit of $15.84Bln in 2019, while LNG sales dropped 16 percent in the quarter and cash flow from LNG and gas sales plunged by 44 percent.
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Tuesday, 07 July 2020 05:38
Italian energy company and major LNG sector participant Eni will have $4Bln of write-downs in earnings
Eni, the Italian energy company with widespread LNG interests, said it would write off around €3.5 billion euros ($4Bln) from the value of its assets after revising down its long-term outlook for oil and gas prices.
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