BP posted a net profit of more than $8 billion in Q1, compared with a loss of $20.4 billion a year earlier, thanks to the end of its operations in Russia. BP expects oil and gas production to decline in Q2 and anticipates lower refining margins than in the first quarter.

The Paris Court of Appeal has rejected the appeal of EDF's small shareholders, allowing the total renationalization of the energy company to spare EDF from the constraints of the stock market and to relaunch nuclear power more quickly.

Enel is expected to sell about 50% of its Greek renewable energy subsidiary, Enel Green Power Hellas, to Macquarie by May, as part of its strategy to reduce debt and streamline international operations.

The Council of State has rejected the request of Europe Ecologie les Verts and an association from Le Havre against the LNG terminal project in Le Havre. The "Cape Ann" vessel will thus be able to inject about 10% of the annual French gas consumption.

Repsol is buying out Sinopec's 49% share in their British joint venture for $2.1 billion. Repsol will thus become 100% owner of RSRUK and will put an end to an extensive arbitration procedure.

Sonnedix, a renewable energy producer, has inaugurated its 50 MW solar photovoltaic plant in Spain. The "Sonnedix Los Frailes" plant is capable of providing clean electricity to 36,500 homes and avoiding over 24,000 tons of CO2.

CWP Europe and Power China Resources have signed an agreement to build Serbia's largest wind power plant, Vetrozelena, with a planned installed capacity of 300 MW. This project represents one of the largest foreign direct investments in Serbia and will provide green electricity to more than 185,000 households.

Japan's Hitachi reported its financial results for fiscal year 2022/23, posting a slight increase in net income thanks to currency effects and gains on asset disposals. However, the group expects its results for the current fiscal year to decline as a result of these disposals.

Swiss commodity trading and mining giant Glencore is keeping its bid for a merger with Teck Resources despite the latter's withdrawal of its demerger plan. Teck Resources, one of Canada's largest mining groups, had twice rejected Glencore's offer, which valued the company at over $22.5 billion.

Air Liquide, the industrial gases producer, has announced a 4.2% increase in its first quarter revenue, with a significant contribution from the Gas and Services division. Investments in progress are also at a high level, while the group has signed a contract to secure 480 MW of renewable energy capacity.

Schneider Electric raised its annual profit and profitability targets for 2023, thanks to record sales and order book figures in the first quarter. Strong demand for the company's products and trends in electrification, digitalization and sustainability have driven its organic growth.

Repsol recorded a sharp drop in its first-quarter profit, due to lower oil prices and the diversification of its activities. The Spanish group has invested 1.72 billion euros and plans to invest more than five billion euros in 2023 in its ecological transition.

TotalEnergies confirms the launch of a capital increase reserved for employees and former employees for 2023. More than 65% of employees hold 7.4% of the Company's capital, making them the largest group of shareholders and having received 700 million euros in dividends by 2022.

TotalEnergies reports a 12% increase in net income in the first quarter of 2023, despite a decline in oil and gas prices, and the sale of its Canadian oil sands assets for $4.1 billion.

Corruption at Eskom, South Africa's state-owned power utility, is costing the country an average of $55 million a month, plunging the country into a serious energy crisis. The devastating consequences of corruption are affecting Eskom's ability to produce enough electricity to meet the needs of the population.

Teck Resources cancels its vote on splitting its operations into two companies, defeating takeover aspirations of Glencore, which had offered two rejected takeover bids, despite its willingness to make improvements.

Iberdrola recorded a 40% increase in net profit in the first quarter. This momentum should continue throughout the year, despite the exceptional tax on the profits of large energy companies introduced by Madrid at the beginning of the year.

Uniper no longer needs capital support from the German state, as it announced a return to profit in the first quarter, despite the deconsolidation of its subsidiary Unipro in Russia.

Engie rejected a shareholder resolution calling for a better assessment of its climate strategy, but it still received the support of a quarter of the voters at the gas group's annual general meeting.

Nexans sees its sales fall slightly in the first quarter of 2023 due to the decline in aluminum and copper prices. The group is refocusing on electrification by progressively abandoning its telephone and data cable activities.

The chemical industry in France has seen its production fall by 3.3% in 2022 due to the energy crisis and expects a difficult 2023 due to the increased competitiveness deficit with the United States.

European offshore renewable energy companies have called for increased political and financial support to meet the rapid green energy development targets set by governments.

IFC and Voltalia have signed a mandate to finance the Dwangwa solar power and storage project in Malawi. This initiative represents an important step for the development of renewable energy in the country and will improve the local economy while contributing to the global environment.

The Salzgitter Group is committed to the transformation of German industry towards greener production by sourcing renewable energy from the "Baltic Eagle" wind farm in partnership with Iberdrola, a Spanish energy producer. This collaboration will enable Salzgitter to produce virtually carbon-neutral steel.