Total output hits record high as prices buoy profits
By Bate Felix PARIS (Reuters) - French energy company Total on Thursday reported record high quarterly oil and gas output while beating profit forecasts helped by higher prices. New projects and recent acquisitions powered an increase in output of more than 5 percent to 2.703 million barrels of oil equivalent per day (boe/d), topping the 2.663 million boe/d expected by analysts. It raised output from new projects such as Yamal LNG in Russia and Moho Nord in Congo, while adding assets, including Maersk Oil and Al Shaheen in Qatar.
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