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Schneider Electric, Rexel, Sonepar and Legrand fined 470 million euros for anticompetitive collusion
The French Competition Authority has imposed fines totaling 470 million euros on Schneider Electric, Rexel, Sonepar, and Legrand for collusion in the low-voltage electrical equipment sector. These sanctions represent a strong response against market manipulation.
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Schneider Electric, Rexel, Sonepar and Legrand fined 470 million euros for anticompetitive collusion
The French Competition Authority has imposed fines totaling 470 million euros on Schneider Electric, Rexel, Sonepar, and Legrand for collusion in the low-voltage electrical equipment sector. These sanctions represent a strong response against market manipulation.
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Volvo Cars to Buy Northvolt’s Stake in Their Novo Energy Joint Venture
Faced with Northvolt’s financial difficulties, Volvo Cars is buying out its partner’s stake in the Novo Energy joint venture, initially created to produce batteries for electric vehicles. Volvo is now seeking a new partner.
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Volvo Cars to Buy Northvolt’s Stake in Their Novo Energy Joint Venture
Faced with Northvolt’s financial difficulties, Volvo Cars is buying out its partner’s stake in the Novo Energy joint venture, initially created to produce batteries for electric vehicles. Volvo is now seeking a new partner.
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Nexans confirms its forecasts and announces new strategy for November
Nexans, the French specialist in industrial cables, confirms its financial outlook for 2024, with a strategic announcement scheduled for November 13 to outline its future and priorities in the energy sector.
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Nexans confirms its forecasts and announces new strategy for November
Nexans, the French specialist in industrial cables, confirms its financial outlook for 2024, with a strategic announcement scheduled for November 13 to outline its future and priorities in the energy sector.
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Schneider Electric reports record revenue in Q3 thanks to energy transition
Schneider Electric reached revenue of 9.3 billion euros in the third quarter of 2024, a 5.9% increase, driven by energy management and digitalization solutions.
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Schneider Electric reports record revenue in Q3 thanks to energy transition
Schneider Electric reached revenue of 9.3 billion euros in the third quarter of 2024, a 5.9% increase, driven by energy management and digitalization solutions.
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JERA records a 52% drop in its semi-annual profit
Japanese electricity giant JERA reports a 52% decrease in its net semi-annual profit, marked by delayed adjustments in fuel prices and losses in the U.S. market. Analysis of the challenges and strategies to stabilize its performance.
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JERA records a 52% drop in its semi-annual profit
Japanese electricity giant JERA reports a 52% decrease in its net semi-annual profit, marked by delayed adjustments in fuel prices and losses in the U.S. market. Analysis of the challenges and strategies to stabilize its performance.
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Dow: profits drop in third quarter despite modest sales increase
Hit by equipment failure and challenging economic conditions, U.S.-based Dow reports a decline in net profits for the third quarter, while revenues show slight growth.
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Dow: profits drop in third quarter despite modest sales increase
Hit by equipment failure and challenging economic conditions, U.S.-based Dow reports a decline in net profits for the third quarter, while revenues show slight growth.
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Eni’s Profit Drops 73%: The Group Weakened by Falling Oil Prices
Eni's Profit Drops 73%: The Group Weakened by Falling Oil Prices
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Eni’s Profit Drops 73%: The Group Weakened by Falling Oil Prices
Eni's Profit Drops 73%: The Group Weakened by Falling Oil Prices
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Equinor adjusts its investment strategy after delays in offshore wind
Equinor announces a decline in its quarterly profits and adjusts its investment strategy in renewable energy, impacted by delays in the Dogger Bank project.
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Equinor adjusts its investment strategy after delays in offshore wind
Equinor announces a decline in its quarterly profits and adjusts its investment strategy in renewable energy, impacted by delays in the Dogger Bank project.
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Eramet suspends its battery recycling project in France due to European market challenges
Eramet pauses its electric vehicle battery recycling project in northern France, citing supply difficulties and insufficient market demand in Europe, despite its partner Suez continuing in this area.
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Eramet suspends its battery recycling project in France due to European market challenges
Eramet pauses its electric vehicle battery recycling project in northern France, citing supply difficulties and insufficient market demand in Europe, despite its partner Suez continuing in this area.
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Baker Hughes Reports Strong Third-Quarter 2024 Results
Baker Hughes recorded revenues of $6.9 billion in Q3 2024, with a 23% increase in adjusted EBITDA and a net income of $766 million, confirming the strength of its performance in an uncertain economic environment.
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Baker Hughes Reports Strong Third-Quarter 2024 Results
Baker Hughes recorded revenues of $6.9 billion in Q3 2024, with a 23% increase in adjusted EBITDA and a net income of $766 million, confirming the strength of its performance in an uncertain economic environment.
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Air Liquide maintains its 2024 forecast despite a slight decline in third-quarter sales
Air Liquide maintained its profit forecasts for 2024, despite a 0.7% drop in third-quarter revenue due to a negative exchange rate impact and lower energy prices.
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Air Liquide maintains its 2024 forecast despite a slight decline in third-quarter sales
Air Liquide maintained its profit forecasts for 2024, despite a 0.7% drop in third-quarter revenue due to a negative exchange rate impact and lower energy prices.
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Iberdrola: net profit up 19% in the third quarter despite a drop in revenue
Iberdrola posted a 19% increase in its net profit for the third quarter of 2024, reaching €1.34 billion, despite a decline in electricity production, except in renewable energies.
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Iberdrola: net profit up 19% in the third quarter despite a drop in revenue
Iberdrola posted a 19% increase in its net profit for the third quarter of 2024, reaching €1.34 billion, despite a decline in electricity production, except in renewable energies.
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Octopus Energy Launches “Project Mercury” to Establish Energy Technical Standards
Octopus Energy has launched "Project Mercury" in London to establish technical standards for integrating smart energy devices globally.
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Octopus Energy Launches “Project Mercury” to Establish Energy Technical Standards
Octopus Energy has launched "Project Mercury" in London to establish technical standards for integrating smart energy devices globally.
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Tunnel under the English Channel: Getlink Still Weighed Down by Its Electric Cable Activity
Getlink reports stable Q3 revenue despite a significant decline linked to the suspended ElecLink activity. The company relies on its traditional services to offset losses.
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Tunnel under the English Channel: Getlink Still Weighed Down by Its Electric Cable Activity
Getlink reports stable Q3 revenue despite a significant decline linked to the suspended ElecLink activity. The company relies on its traditional services to offset losses.
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CEO of TotalEnergies: A Reasoned Energy Transition in the Face of Climate Challenges
The CEO of TotalEnergies, Patrick Pouyanné, calls for a balanced energy transition, criticizing alarmist approaches and emphasizing the need to reconcile economic development with investment in decarbonized energies.
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CEO of TotalEnergies: A Reasoned Energy Transition in the Face of Climate Challenges
The CEO of TotalEnergies, Patrick Pouyanné, calls for a balanced energy transition, criticizing alarmist approaches and emphasizing the need to reconcile economic development with investment in decarbonized energies.
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Failure of the EDP-SSE Merger: A Strategic Shift in the Energy Sector
The attempted merger between EDP and SSE, aimed at creating a utility giant in Europe, did not come to fruition. This failure reveals crucial strategic issues and influences the European energy landscape in the midst of a transition towards renewables.
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Failure of the EDP-SSE Merger: A Strategic Shift in the Energy Sector
The attempted merger between EDP and SSE, aimed at creating a utility giant in Europe, did not come to fruition. This failure reveals crucial strategic issues and influences the European energy landscape in the midst of a transition towards renewables.
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Saudi Aramco renews two ADES onshore rigs for a decade
ADES has obtained 10-year contract renewals from Saudi Aramco for two onshore rigs in Saudi Arabia, strengthening its position in the Middle Eastern energy market.
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Saudi Aramco renews two ADES onshore rigs for a decade
ADES has obtained 10-year contract renewals from Saudi Aramco for two onshore rigs in Saudi Arabia, strengthening its position in the Middle Eastern energy market.
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Ecopetrol optimizes its debt management with an early repayment of USD 500 million
Ecopetrol S.A. makes an early repayment of USD 500 million on an international loan, strengthening its financial position and reducing long-term interest expenses.
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Ecopetrol optimizes its debt management with an early repayment of USD 500 million
Ecopetrol S.A. makes an early repayment of USD 500 million on an international loan, strengthening its financial position and reducing long-term interest expenses.
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Cyberattacks: Fortum Faces Increasing Threats to Its Infrastructures in Finland and Sweden
Fortum, a major player in the Finnish energy sector, is confronting a surge of cyberattacks and suspicious surveillance activities around its facilities in Finland and Sweden, likely orchestrated by Russian actors, heightening geopolitical tensions in the region.
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Cyberattacks: Fortum Faces Increasing Threats to Its Infrastructures in Finland and Sweden
Fortum, a major player in the Finnish energy sector, is confronting a surge of cyberattacks and suspicious surveillance activities around its facilities in Finland and Sweden, likely orchestrated by Russian actors, heightening geopolitical tensions in the region.
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Analysis of Orlen’s Olefins Project Challenges and Strategic Implications
Orlen is facing significant cost overruns and governance issues in its Olefins III project, threatening its financial stability and position in the European petrochemical market.
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Analysis of Orlen’s Olefins Project Challenges and Strategic Implications
Orlen is facing significant cost overruns and governance issues in its Olefins III project, threatening its financial stability and position in the European petrochemical market.
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Chevron Canada sells its stakes in Athabasca and Duvernay for $6.5 billion
Chevron Canada Limited and Chevron Canada Oil Sands Partnership have entered into a definitive agreement to sell their interests in the Athabasca Oil Sands Project and Duvernay shale to Canadian Natural Resources Limited for $6.5 billion.
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Chevron Canada sells its stakes in Athabasca and Duvernay for $6.5 billion
Chevron Canada Limited and Chevron Canada Oil Sands Partnership have entered into a definitive agreement to sell their interests in the Athabasca Oil Sands Project and Duvernay shale to Canadian Natural Resources Limited for $6.5 billion.
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Suspension of ElecLink: Getlink anticipates a commercial impact of 46 million euros
Getlink temporarily suspends the activity of ElecLink, its cross-channel electric cable connecting France to the United Kingdom, due to a structural defect. The group estimates that this suspension will result in a commercial impact of 46 million euros.
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Suspension of ElecLink: Getlink anticipates a commercial impact of 46 million euros
Getlink temporarily suspends the activity of ElecLink, its cross-channel electric cable connecting France to the United Kingdom, due to a structural defect. The group estimates that this suspension will result in a commercial impact of 46 million euros.
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Qatar Electricity and Water Company develops a 500 MW peak power plant
Qatar Electricity and Water Company partners with KAHRAMAA to develop a 500 MW peak power plant in Ras Abu Fontas. The project aims to meet Qatar’s growing energy needs while strengthening the local infrastructure.
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Qatar Electricity and Water Company develops a 500 MW peak power plant
Qatar Electricity and Water Company partners with KAHRAMAA to develop a 500 MW peak power plant in Ras Abu Fontas. The project aims to meet Qatar’s growing energy needs while strengthening the local infrastructure.
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TotalEnergies Confirms its Willingness for Dual Listing in New York Backed by the Board
TotalEnergies announces its intention to establish a dual listing in New York, supported unanimously by its board of directors, while maintaining its presence on the Paris stock market.
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TotalEnergies Confirms its Willingness for Dual Listing in New York Backed by the Board
TotalEnergies announces its intention to establish a dual listing in New York, supported unanimously by its board of directors, while maintaining its presence on the Paris stock market.
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TPG Acquires Techem for €6.7 Billion, Betting on Energy Efficiency
TPG, through its TPG Rise Climate fund, acquires the German company Techem for €6.7 billion from Partners Group. This transaction reflects the American fund’s commitment to strengthening its presence in energy efficiency solutions within the real estate sector.
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TPG Acquires Techem for €6.7 Billion, Betting on Energy Efficiency
TPG, through its TPG Rise Climate fund, acquires the German company Techem for €6.7 billion from Partners Group. This transaction reflects the American fund’s commitment to strengthening its presence in energy efficiency solutions within the real estate sector.
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Masdar strengthens its position in Iberia with major renewable energy acquisitions
Masdar, owned by the Abu Dhabi National Oil Company (ADNOC), the sovereign wealth fund Mubadala Investment Company, and energy company TAQA, is actively expanding its presence in the renewable energy sector across Europe. The group recently acquired the Spanish firm Saeta Yield from Brookfield Renewable for $1.4 billion. This transaction includes 745 MW of operational wind and solar assets spread across Spain and Portugal, as well as a 1.6 GW development pipeline scheduled for commissioning by 2030.
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Masdar strengthens its position in Iberia with major renewable energy acquisitions
Masdar, owned by the Abu Dhabi National Oil Company (ADNOC), the sovereign wealth fund Mubadala Investment Company, and energy company TAQA, is actively expanding its presence in the renewable energy sector across Europe. The group recently acquired the Spanish firm Saeta Yield from Brookfield Renewable for $1.4 billion. This transaction includes 745 MW of operational wind and solar assets spread across Spain and Portugal, as well as a 1.6 GW development pipeline scheduled for commissioning by 2030.
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