Oilfield services giant SLB (formerly Schlumberger) sees net profit rise 83% in the first quarter of 2023 on the back of high oil prices and a recovery in investment by major oil companies, showing optimism for the current year.

Norway's sovereign wealth fund, the world's largest, returned 5.9% in the first quarter of 2023, generating a gain of 76.5 billion euros thanks to rising stock markets.

The European steel industry must cope with declining production, rising energy prices and increased competition while reducing its carbon footprint and meeting the steel needs created by the energy transition.

Reliance Industries reports a 19.1% increase in net income for the first quarter of the year, exceeding financial analysts' expectations, thanks to strong growth in energy and distribution.

Volkswagen will receive up to C$13.2 billion from the Canadian government to build its first electric battery plant outside Europe. Construction of the plant will begin next year for production in 2027.

Edison Energia, a company of the Edison Group, consolidates its position in the national electricity and natural gas market by reaching 2 million contracts, covering the residential, SME and industrial sectors. Through its strategic development plan for 2030, the company aims to double this number.

OEG Offshore has announced the acquisition of Pelagian Ltd, a UK company specializing in the provision of consultancy, engineering and installation management services to the subsea cable and offshore renewable energy industry. This acquisition strengthens OEG's position in the cable sector

EDF reacted with humor to an unfounded claim by the rapper Gims, according to which the Egyptians had electricity since antiquity thanks to the pyramids. In an advertisement in Le Parisien, EDF declared: "EDF, official supplier to the Pharaohs since 2000 BC". In 2017 EDF had launched a campaign, "We owe you more than light"...

Solarpack, the solar energy company, has successfully raised MYR 285 million to finance the construction of its factory through an ASEAN Green SRI Sukuk Wakalah issue. This transaction marks Solarpack's first green project bond issue.

Getlink recorded a strong increase in revenues in the first quarter of 2023, thanks in particular to its traditional activities and the new cross-Channel power cable ElecLink. They confirm their objective of Ebitda of more than 910 million euros for the full year 2023.

EDF will lift the moratorium on hiring after examining its priorities, in particular to meet the industrial and financial challenges involving more hiring. The French nuclear industry is expected to recruit up to 10,000 people per year over the decade, according to estimates.

Glencore is trying to convince Teck Resources shareholders to accept its takeover offer, while Teck says the offer is unrealistic and disrupts its plans to spin off coal.

Chevron is looking to lease a drillship to explore for natural gas in the eastern Mediterranean, in the offshore areas of Cyprus, Egypt and Israel. The company already operates in these areas and is looking to accelerate the development of the Aphrodite gas field and nearly double production from the Leviathan field by 2027.

Engie is banking on renewable energies to meet its CO2 emission reduction targets but has not yet set a date for leaving the fossil fuel world.

Iberdrola is investing more than 40 million euros in Spain's first hybrid wind and solar power plant, strengthening its leadership in renewable energy and helping to boost the economy and employment in Castilla y León.

Cabot Corporation is strengthening its commitment to sustainability by acquiring a solar farm in Japan, aligning with its goal of exporting twice as much energy as it imports by 2025 and reducing its net emissions globally by 2050.

Continuum Renewables announced its intention to acquire Heliogen, which specializes in concentrated solar power systems, for $0.40 per share in a non-binding proposal. This acquisition would allow Continuum Renewables to expand its renewable energy product line and boost its growth strategy.

Glencore is attempting an exit from the coal business through an offer to Teck Resources. Glencore offered to combine their operations and simultaneously split them into a metals business called MetalsCo and a coal business called CoalCo, but Teck Resources immediately refused.

The AMF is working on defining the criteria for the environmental transition of companies in order to provide a framework for green finance, although the existing European taxonomy has its limits. This is a complex task and the debate on the optimal transition remains open.

Amprion, Germany's transmission system operator, plans to invest about 22 billion euros over the next five years to cope with the rapid expansion of renewable energy and the transformation of the energy system.

RWE and Northland Power have selected Havfram Wind as the preferred supplier for their Nordseecluster project. Havfram Wind will provide transportation and installation support for Vestas offshore wind turbines, enabling significant economies of scale and cost.

Saudi Arabia's sovereign wealth fund doubles its stake in Saudi Aramco to diversify the kingdom's economy. This new transaction also strengthens the financial position and credit rating of the FIP.

Borealis and Axpo have signed their second Power Purchase Agreement (PPA) in just six months. This eight-year agreement is another step towards Borealis' ambitious goal of using 100% renewable electricity in its European operations by 2030.

Naftogaz, the Ukrainian energy giant, has won a victory in a court in The Hague, forcing Russia to pay it $5 billion in compensation for illegally seizing assets during the annexation of Crimea in 2014. Russia still denies the illegal seizure of assets.

EDF is suspending recruitment for 2023 due to its difficult financial situation after record losses in 2022. A new Associate Director of Human Resources, Caroline Chavanas, has been appointed in anticipation of replacing the current Director, Christophe Carval.