Business strategy

TotalEnergies announces a strategic partnership with Mistral AI to establish a dedicated innovation laboratory integrating artificial intelligence tools aimed at enhancing industrial efficiency, research, and customer relations.
The Energy Transitions Commission warns of economic risks tied to growing protectionism around clean technologies, while calling for global consensus on carbon pricing.

Baker Hughes sells sensor division to Crane for $1.15bn

Baker Hughes has reached an agreement to sell its precision sensor product line to Crane Company for $1.15bn, thereby refocusing its operations on core competencies in industrial and energy technologies.
American conglomerate American Electric Power sold 19.9% of two transmission subsidiaries to KKR and PSP Investments, raising $2.82bn to support its five-year $54bn investment plan.
The new mapping by Startup Nation Central identifies 165 active companies in Israel’s energy technologies, amid strong private funding and growing global market interest.

Bernard Fontana Launches 30% Cost Reduction Plan at EDF

The new CEO of EDF, Bernard Fontana, aims to achieve €1 billion in operational cost savings for the French energy giant by 2030, prioritizing industrial contracts and the national nuclear sector.
CMS Energy Corporation has announced a cash tender offer for debt securities totalling $125 million, issued by Consumers Energy. The offer expires on July 3, 2025, with priority given to bonds submitted before June 17, 2025.
Vermilion Energy is exiting the U.S. market permanently by selling its assets for C$120mn ($87.88mn), refocusing its operations on Canada and Europe while reducing its debt and investment budget.

Eni Pays €8.4 Billion to Energy-Producing Countries in 2024

In 2024, Italian energy giant Eni paid approximately €8.4 billion to various global governments. These payments, primarily concentrated in Africa and Asia, reflect its commitments in the international energy sector.
The International Energy Agency projects a record-high global energy investment in 2025, driven by electricity and low-carbon technologies despite geopolitical and economic uncertainty.
The Czech regulatory authority launches an investigation into suspected collusion involving several major actors in the awarding of a thermal power plant, putting transparency of a strategic transaction for the energy sector at stake.

DR Congo replaces cobalt export ban with quota system

The Democratic Republic of Congo is set to replace its temporary ban on cobalt hydroxide exports with quotas, aiming to balance global demand, secure revenue, and stabilize market fluctuations.
European Energy secured EUR 145mn in financing from SEB and Swedbank to support wind, solar, and storage assets in Lithuania, reinforcing its regional expansion strategy.
Greenvolt Group finalised the sale of 28 solar and wind projects to Transiziona, valued at €195mn, bringing total asset sales to €530mn in 2025 as part of its pan-European strategy.

Aegis Vopak Terminals goes public in Mumbai with €2.7bn valuation

Royal Vopak’s Indian joint venture rose nearly 3% on its first trading day in Mumbai, reaching an implied valuation of €2.7bn ($2.93bn).
US investment fund Davidson Kempner has reached an agreement to acquire Swire Energy Services, a provider of offshore equipment, strengthening its position in the global energy market.
Saudi-based ACWA Power has signed strategic agreements in Malaysia to develop up to 12.5 GW of energy capacity by 2040, with a potential investment of $10 billion.

Fusion Fuel plans £50mn strategic acquisition in UK fuel distribution

Fusion Fuel Green has signed a preliminary agreement to acquire a private UK-based fuel distribution company generating $58mn in revenue, through a £50mn debt-equity structured transaction.
ExxonMobil plans to sell its 82.89% stake in Esso S.A.F. to North Atlantic France, valuing shares based on €1.49bn cash holdings and a price subject to several adjustments.
Patrick Pouyanné reassures shareholders by confirming TotalEnergies' strategic direction, combining hydrocarbons and low-carbon electricity, despite an unstable economic environment and climate activist protests in Paris.
German group RWE has commissioned six new energy projects in the US, reaching a combined capacity of 999 MW across wind, solar and battery storage technologies.
Veolia acquires full ownership of Water Technologies and Solutions by purchasing the 30% stake held by CDPQ, further consolidating its growth strategy focused on industrial water technologies.

Legrand posts 12.3% increase driven by data centre demand

Legrand reaffirms its annual targets after strong first-quarter growth driven by the expansion of data centres and solid commercial performance in the United States.
Oil company Aker BP maintained stable production and strengthened its cash position in Q1 2025 while advancing key projects and new discoveries in the Norwegian Sea.
Québec-based Exterra Solutions Carbone closes a CA$20mn Series A round to build the world’s largest asbestos residue treatment plant and expand its technologies internationally.

Marathon Petroleum posts $74mn net loss in Q1 2025

Marathon Petroleum reported a net loss in Q1 2025 due to a major maintenance programme, while its midstream unit supported results with an 8% rise in adjusted EBITDA.
Stock exchange operator Euronext unveils thematic indices to channel capital into Europe's strategic energy, defence and aerospace sectors.
US distributor Sunoco will acquire Canada's Parkland for $9.1bn, including debt, in a mixed transaction and form a separate listed entity, SUNCorp, whose shares will be treated as corporate stock for tax purposes.

Shell appoints Colette Hirstius as head of US operations

Shell announced the appointment of Colette Hirstius as President of Shell USA starting August 1, succeeding Gretchen Watkins after seven years in the role.
Emirati producer ADNOC Gas recorded a 7% increase in net profit in Q1 2025, driven by sustained domestic demand and efficient operational management.
Falling refining margins and weaker oil prices weighed on ExxonMobil’s Q1 results, while the group now expects $3bn in annual synergies from its acquisition of Pioneer.

Innergex shareholders approve 99.86% vote for full acquisition by CDPQ

Innergex shareholders validated the company’s full acquisition by Caisse de dépôt et placement du Québec for a total amount close to $1.8bn, pending final judicial and regulatory approvals.
Chevron reports a sharp decline in quarterly results, impacted by weak refining margins, stable production and exceptional charges in the United States and the United Kingdom.
Shell plc recorded a net profit of $4.8bn in the first quarter of 2025, down 35%, but above analyst expectations, supported by solid operational performance and a new share buyback programme.

TC Energy invests CA$2.4bn in nuclear and natural gas

TC Energy is committing CA$2.4bn to two major projects in North America, targeting rising energy demand and the long-term value of regulated assets.
Air Products reports a substantial loss in Q2 of fiscal 2025, driven by charges tied to a strategic review of its US project portfolio.
Prospera Energy closed fiscal year 2024 with a notable increase in revenue and a strategic reorganisation of its assets, while reinforcing its performance on the financial market.

Voltalia records 15% increase in production despite price pressure

Voltalia’s revenue rose by 2% in the first quarter of 2025, driven by third-party services, while energy production reached 1.1 terawatt-hours due to improved resources in Brazil.
Brookfield Infrastructure raised $1.6bn in the first quarter of 2025 by completing multiple asset sales while reporting a 5% increase in funds from operations.
Facing a U.S. import ban and a sharp sales decline, Maxeon Solar Technologies is now focusing its efforts on the American market.