The global energy revolution is underway, marked by the growing electrification of industry, the rapid expansion of heat pumps and recharging stations, and a steady increase in solar and wind power generation.

EIG Partners CEO Blair Thomas says he's confident the Brookfield-EIG consortium will win support for its $10.5 billion bid for Origin Energy, despite opposition from the Australian power and gas company's largest shareholder, AustralianSuper.

Pipeline operator Enbridge reported better-than-expected third-quarter profits, benefiting from higher volumes of oil and other liquids.

Technip Energies, recently accused of continuing its activities in Russia despite sanctions, reaffirms its withdrawal from the country in the first half of 2023 and presents solid third-quarter results and prospects in the LNG sector.

Electricity and gas group Energias de Portugal (EDP) has announced a sharp rise in net profit for the third quarter of 2023, thanks mainly to the recovery of hydroelectric production in Portugal.

France's Neoen, has published its results for the third quarter of 2023, marked by an increase in operating capacity. However, the company's sales fell back significantly, mainly due to sales contracts at prices lower than previous contracts.

Matrix Renewables, the global renewable energy platform supported by TPG Rise, has signed Virtual Power Purchase Agreements (VPPAs) with Merck, a leading science and technology company.

EDP Renewables' recurring net income for the first 9 months of 2023 was up 12% on the same period in 2022, with major investments in Europe and North America.

BP is looking to form partnerships to exploit its onshore natural gas fields in the USA, with the aim of increasing production while reducing costs. This strategy comes at a time when other energy giants are vying to expand their activities in the shale sector.

Siemens Energy could face order cancellations or delays unless an agreement is reached with the government, banks and Siemens for around €15 billion in guarantees to support the projects. A major investor warns of the potential impact on the order book.

Shell, has unveiled robust financial results for the third quarter of this year, with net profit up 4.5% to $7 billion, although adjusted earnings fell 34% to $6.2 billion.

Vienna, October 31, 2023 (AFP) - OMV, announced a significant 43% drop in profits in the third quarter of 2023, attributed to falling oil and gas prices after a record year in 2022.

British oil and gas giant BP reported third-quarter net earnings of $4.9 billion, but market expectations were not met due to a weaker-than-expected result excluding exceptional items.

ExxonMobil, the US oil and gas giant, announced lower financial results for the third quarter, below market expectations. This announcement comes against a backdrop of recent acquisitions aimed at strengthening energy security and accelerating the transition to carbon neutrality.

Despite a significant drop in net income due to falling oil prices, Chevron posted growth in worldwide production thanks to strategic acquisitions, and continues to reward its shareholders generously.

ExxonMobil reported disappointing third-quarter results, marked by a significant drop in net income, while justifying these figures by two strategic acquisitions aimed at strengthening its position in the energy sector and accelerating its transition to carbon neutrality.

TotalEnergies posted Q3 earnings of $6.7 billion, posting a slight increase despite pressure on energy prices, while continuing its transition to renewable energies, but drawing criticism for its ongoing investments in fossil fuels.

Norwegian energy giant Equinor reported sharply lower quarterly results, mainly due to falling prices, but exceeded expectations despite pressure from geopolitical and economic factors.

In the third quarter of 2023, Eni, the Italian hydrocarbon giant, recorded a significant 67% drop in net profit, mainly due to falling oil and gas prices, although the result was better than analysts' expectations, and the company plans to diversify its production by increasing the share of gas.

ACWA Power has reached an historic agreement with EIG and signed financing arrangements for a groundbreaking 240 MW wind power project in Azerbaijan, marking a significant step towards Azerbaijan's goal of covering 30% of its energy needs with renewable sources by 2030.

Shell will reduce headcount in its low-carbon solutions division by at least 15% and scale back its hydrogen business as part of CEO Wael Sawan's strategy to boost profits.

Air Liquide and Vattenfall have signed a new long-term renewable energy purchase agreement for 115 MW of installed capacity in the Benelux, strengthening Air Liquide's supply of renewable electricity and supporting the decarbonization of European industry.

Renewable energy producer Kallista Energy has signed a long-term wind power sales contract with Lhyfe, a pioneer in the production of green, renewable hydrogen. This partnership will promote Lhyfe's growth and the decarbonization of industry and mobility.

NextEra Energy expects solid financial results over the next few years, underpinned by superior third-quarter performance and continued expansion of its renewable energy projects,

TotalEnergies, Corio Generation and Rise Light & Power win 25-year contract to supply 1.4 GW of renewable electricity to New York City through the Attentive Energy One project. This collaboration promotes the development of clean, local energies, marking a significant step forward in the state's energy transition.