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Beijing's COVID-19 restrictions affect Sinopec Corp's bottom line with a 6.9% drop in net profit in 2022.
Beijing's COVID-19 restrictions affect Sinopec Corp's bottom line with a 6.9% drop in net profit in 2022.
Toshiba is turning the page on the eight years of turbulence that the company has experienced. After the scandal of rigged accounts in 2015, the sale of its memory chip subsidiary and many other problems, the Japanese electronics giant has accepted a buyout offer of 14 billion euros.
Toshiba is turning the page on the eight years of turbulence that the company has experienced. After the scandal of rigged accounts in 2015, the sale of its memory chip subsidiary and many other problems, the Japanese electronics giant has accepted a buyout offer of 14 billion euros.
Voltalia presented its annual results for the year 2022, marked by growth in its business despite a net loss due to external factors.
Voltalia presented its annual results for the year 2022, marked by growth in its business despite a net loss due to external factors.
The small shareholders of EDF are contesting the share buyback price in the context of the renationalization of the group. Despite their legal action, the French state now holds more than 95% of the capital. The final decision will be made on May 2.
The small shareholders of EDF are contesting the share buyback price in the context of the renationalization of the group. Despite their legal action, the French state now holds more than 95% of the capital. The final decision will be made on May 2.
Japanese conglomerate Toshiba is in favor of the nearly 14 billion euro takeover bid proposed by a Japanese consortium led by Japan Industrial Partners (JIP).
Japanese conglomerate Toshiba is in favor of the nearly 14 billion euro takeover bid proposed by a Japanese consortium led by Japan Industrial Partners (JIP).
Equinor acquired an additional 3.1% stake in Scatec for a purchase price of NOK 305 million. This acquisition brings Equinor's total stake in Scatec to 16.2%, making the company Scatec's largest shareholder.
Equinor acquired an additional 3.1% stake in Scatec for a purchase price of NOK 305 million. This acquisition brings Equinor's total stake in Scatec to 16.2%, making the company Scatec's largest shareholder.
BluEarth Renewables has announced the acquisition of seven wind and solar development projects totaling approximately 1 GW in the United States.
BluEarth Renewables has announced the acquisition of seven wind and solar development projects totaling approximately 1 GW in the United States.
As the banking crisis wreaks havoc on the markets, Citadel says commodities should be spared.
As the banking crisis wreaks havoc on the markets, Citadel says commodities should be spared.
The TotalEnergies group has announced measures to reduce its greenhouse gas emissions, but associations and NGOs remain skeptical about the company's real commitment to the energy transition.
The TotalEnergies group has announced measures to reduce its greenhouse gas emissions, but associations and NGOs remain skeptical about the company's real commitment to the energy transition.
The Colombian group Ecopetrol announces that it has obtained a credit authorization of 1 billion Colombian pesos from Bancolombia to refinance its debts maturing in 2023.
The Colombian group Ecopetrol announces that it has obtained a credit authorization of 1 billion Colombian pesos from Bancolombia to refinance its debts maturing in 2023.
To finance the acquisition of Siemens Gamesa, Siemens Energy successfully raised more than €1.25 billion through the sale of new shares. This operation will enable the company to strengthen its position as a leader in energy transition and to increase its share capital by 10%.
To finance the acquisition of Siemens Gamesa, Siemens Energy successfully raised more than €1.25 billion through the sale of new shares. This operation will enable the company to strengthen its position as a leader in energy transition and to increase its share capital by 10%.
TotalEnergies has announced the sale of its 1,600 service stations in Germany and the Netherlands to the Canadian group Couche-Tard. TotalEnergies will now focus on developing new forms of mobility in these countries.
TotalEnergies has announced the sale of its 1,600 service stations in Germany and the Netherlands to the Canadian group Couche-Tard. TotalEnergies will now focus on developing new forms of mobility in these countries.
Enedis aims to modernize the French electricity network in order to meet the new uses of electricity. To achieve this, the company plans to invest more than 5 billion euros annually by 2032.
Enedis aims to modernize the French electricity network in order to meet the new uses of electricity. To achieve this, the company plans to invest more than 5 billion euros annually by 2032.
Enedis has presented its "preliminary" network development plan to support the energy transition in France. Faced with the increase in electrical usage, particularly related to electric cars, the company is planning historically high investments of more than 5 billion euros per year by 2032.
Enedis has presented its "preliminary" network development plan to support the energy transition in France. Faced with the increase in electrical usage, particularly related to electric cars, the company is planning historically high investments of more than 5 billion euros per year by 2032.
Aramco posted record profits of $161.1 billion in 2022, drawing criticism from environmental advocates. Although the company is committed to achieving carbon neutrality by 2060, it continues to invest in fossil fuels, raising concerns about achieving this goal.
Aramco posted record profits of $161.1 billion in 2022, drawing criticism from environmental advocates. Although the company is committed to achieving carbon neutrality by 2060, it continues to invest in fossil fuels, raising concerns about achieving this goal.
ADNOC Gas has made a stunning entry on the Abu Dhabi Stock Exchange by raising more than 2.3 billion euros. This historic transaction in the Gulf emirate is a testament to the popularity of the gas market.
ADNOC Gas has made a stunning entry on the Abu Dhabi Stock Exchange by raising more than 2.3 billion euros. This historic transaction in the Gulf emirate is a testament to the popularity of the gas market.
Mulilo Energy Holdings is now majority owned by Copenhagen Infrastructure Partners. This acquisition marks CIP's entry into the South African renewable energy market and will accelerate the country's green transition.
Mulilo Energy Holdings is now majority owned by Copenhagen Infrastructure Partners. This acquisition marks CIP's entry into the South African renewable energy market and will accelerate the country's green transition.
Enel is pursuing its strategic asset disposal plan. After announcing in November 2022 its intention to focus on six key markets, the group has signed an agreement with PPC to sell all its assets in Romania for EUR 1.26 billion.
Enel is pursuing its strategic asset disposal plan. After announcing in November 2022 its intention to focus on six key markets, the group has signed an agreement with PPC to sell all its assets in Romania for EUR 1.26 billion.
The oil sector continues to be controversial as the profits of the majors have soared due to rising energy prices. Meanwhile, executive compensation at these companies has also skyrocketed, prompting outrage from critics.
The oil sector continues to be controversial as the profits of the majors have soared due to rising energy prices. Meanwhile, executive compensation at these companies has also skyrocketed, prompting outrage from critics.
Patrick Pouyanné, CEO of TotalEnergies, spoke at the CERAWeek conference in Houston to defend the energy group's 2022 earnings.
Patrick Pouyanné, CEO of TotalEnergies, spoke at the CERAWeek conference in Houston to defend the energy group's 2022 earnings.
Taqa Morocco has announced plans to invest $1.6 billion in renewable energy and water desalination projects in Morocco. The objective of these projects is to meet the growing demand for electricity in the country and to increase the share of renewable energy in the energy mix.
Taqa Morocco has announced plans to invest $1.6 billion in renewable energy and water desalination projects in Morocco. The objective of these projects is to meet the growing demand for electricity in the country and to increase the share of renewable energy in the energy mix.
BP is slowing its energy transition by reducing its planned spending on renewable energy by up to $5 billion by 2030.
BP is slowing its energy transition by reducing its planned spending on renewable energy by up to $5 billion by 2030.
The Spanish group Iberdrola confirms France as one of the priority countries in its European growth strategy. With the creation of Iberdrola France and the arrival of Emmanuel Rollin as CEO.
The Spanish group Iberdrola confirms France as one of the priority countries in its European growth strategy. With the creation of Iberdrola France and the arrival of Emmanuel Rollin as CEO.
Finnish energy company Fortum has published its annual financial report for the year 2022, reporting a net loss of more than 10 billion euros. This loss is largely related to the former German subsidiary Uniper and the ongoing withdrawal from Russia.
Finnish energy company Fortum has published its annual financial report for the year 2022, reporting a net loss of more than 10 billion euros. This loss is largely related to the former German subsidiary Uniper and the ongoing withdrawal from Russia.
Veolia announced record results for the year 2022, with net profit up 30%, exceeding one billion euros for the first time. This performance is largely due to the absorption of a large part of the assets of rival Suez.
Veolia announced record results for the year 2022, with net profit up 30%, exceeding one billion euros for the first time. This performance is largely due to the absorption of a large part of the assets of rival Suez.
The Vallourec group recorded a net loss of €366 million for the year 2022, following the recording of a provision of €574 million to cover the closure of its European plants announced in May 2022. Despite this difficult situation, the group said it was "very satisfied" with the results obtained thanks to a 42% increase in turnover.
The Vallourec group recorded a net loss of €366 million for the year 2022, following the recording of a provision of €574 million to cover the closure of its European plants announced in May 2022. Despite this difficult situation, the group said it was "very satisfied" with the results obtained thanks to a 42% increase in turnover.

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