France

India's Bharat Petroleum Corp plans to invest $11 billion in southern Andhra Pradesh state for a new refinery and petrochemical project to fulfill increasing fuel need in the world's fastestgrowing major economy, its chairman said. India wishes to become a significant refining hub providing fuel to the global markets as Western business are cutting crude processing capacities in favour of energy shift. We feel there is a huge opportunity in refining sector. India's main energy need itself is likewise going to increase 3 to four times as its economy broadens, G. Krishnakumar informed Reuters in an interview. India aspires to...

3 of Canada's most significant oil producers, Suncor Energy, Cenovus Energy and Imperial Oil, on Thursday projected higher production in 2025, betting on durable need for Canadian crude to U.S. and worldwide markets. Fuel need in the United States, the most significant location for Canadian crude, is expected to rise next year as U.S. industrial activity is most likely to get an increase from a cut in interest rate, according to the U.S. Energy Info Administration. Calgary, Alberta-based Suncor forecast 2025 production to be in between 810,000 and 840,000 barrels per day (bpd) next year, a. 4.4% increase at midpoint...

Suncor Energy on Thursday forecasted higher oil and gas production and lower costs in 2025, as it intends to enhance output from its oil sands assets while keeping a tight cover on expenses. The second-largest Canadian oil manufacturer expects production to be in between 810,000 and 840,000 barrels each day (bpd) next year, up from its 2024 price quote of 770,000 to 810,000 bpd. Suncor's operations has actually steadily enhanced since former Exxon Mobil executive Rich Kruger took control of as CEO in April 2023. Canadian oil producers have been encouraged to raise their production targets as export capability has...

Battery maker Automotive Cells Business (ACC) is set to sign a brand-new loan to fund the second production block of its gigafactory in northern France, a. business representative stated, as it increases output in spite of Europe's. slow electric car market. The loan, guaranteed by ACC's 2 primary investors, automobile. makers Stellantis and Mercedes-Benz Group,. deserves around 1 billion euros ($ 1.05 billion), two sources. knowledgeable about the matter said, verifying a report by paper. Les Echos. Stellantis and Mercedes did not react to ask for. comment. Smaller sized investor TotalEnergies decreased to. comment. The factory already operates one production...

Bangladesh wishes to greatly lower prices under a power purchase deal with India's embattled Adani Group unless it is cancelled by a court, which has actually called for an investigation into the 25year offer, its de facto energy minister informed Reuters on Sunday. Adani Group creator Gautam Adani is currently facing allegations by U.S. authorities that he belonged to a $265. million bribery scheme in India, charges he has actually rejected, even as. one Indian state examines a power deal with the group and. France's TotalEnergies pauses its financial investments. In Bangladesh, based upon an appeal by an attorney requiring...

French digital payments company Worldline on Friday said gas roadworks accidentally harmed its network connection to its data centres in Italy, disrupting services for consumers that have yet to be resolved. The issues took place in the middle of the busy Black Friday shopping season, leading Italian company group Fipe-Confcommercio to reveal strong concern. Worldline's payment services have been interrupted because Thursday early morning, primarily in Italy however likewise in other markets, the business said on Friday. The setup of gas pipes by local authorities badly damaged our supplier's cables and network, the business stated. In an updated statement released...

Adani Group's financing chief on Friday turned down U.S. claims that group executives, including Chairman Gautam Adani, belonged to a $265 million bribery scheme, and said the implicated would clarify the U.S. accusations in 10 days. We reject all of this highly on behalf of the individuals, Adani Group CFO Jugeshinder Singh informed press reporters at an event in Mumbai. We believe it is not necessitated, we know for sure 100% that nothing of this sort occurred. If we were paying that quantity of money to someone I would certainly understand, so we know nothing occurred, Singh said. U.S. authorities...

International Holding Co's (IHC). outlook on investments in India's Adani Group stays. unchanged, the Abu Dhabi conglomerate stated following the U.S. indictment of billionaire Gautam Adani. Our partnership with the Adani Group reflects our. self-confidence in their contributions to the green energy and. sustainability sectors, IHC, among the Indian company group's. key foreign financiers, said in a declaration on Wednesday. Just like all our investments, our team continues to assess. relevant information and developments. At this time, our outlook. on these investments stays the same. Adani Green shares rose a more 7% in early trade on. Thursday, following a 10%...

Australialisted Vulcan Energy is in talks with lithium companies to licence its filtering technology, tapping a brand-new profits source as the firm commercialises its renewableenergy job in Germany, the CEO stated on Tuesday. Vulcan started producing lithium hydroxide previously this month from its Rhine Valley operations utilizing adsorption direct lithium extraction (A-DLE) - utilizing geothermal heat to extract lithium from brine deposits. DLE is expected to reshape the lithium market by speeding the production procedure of the metal used in EV batteries and electronic devices to hours or days, compared with months or longer. Vulcan has signed up with the...

French oil major TotalEnergies SE was not informed of a U.S. investigation into possible bribery and corruption at Adani Green Energy Limited, it said on Monday, including it will stop monetary contributions to financial investments with Adani Group companies following last week's. U.S. federal indictment. Up until such time when the allegations versus the Adani. group individuals and their consequences have been clarified,. TotalEnergies will not make any new financial contribution as. part of its financial investments in the Adani group of companies, the. company said in a declaration. TotalEnergies was not warned of the presence of an. examination into...

Below are companyrelated news and stories from France and Benelux which might have an influence on the area's markets or specific stocks. POLICE 29 Controversial COP29 deal reveals environment cooperation tearing at edges CARREFOUR Brazilian meatpackers have actually apparently stopped supplying meat to the group in Brazil after the retailer's worldwide CEO promised to keep South American meat off its shelves in France in solidarity with French farmers CTP Places EUR 500 mln green bond and EUR 200 mln tender deal SANOFI Strategies to change medical facility drug-discount program, WSJ reports THALES Two people knowledgeable about a corruption probe by...

Norway's Equinor has stopped output from its Johan Sverdrup oilfield, western Europe's. biggest, due to an onshore power blackout, the business said on. Monday. Work is underway to re-establish production, however it was not. immediately clear when it would resume, a business representative. said. The interruption was brought on by smoke developing in an onshore. electrical power converter station which sends out power to phase 1 of. the Johan Sverdrup development, the representative added. The situation was rapidly clarified, however led to a. short-term shutdown of production on the entire Johan Sverdrup. field, he stated. The power supply to other...

France needs to make it simpler to establish solar and wind energy jobs, Patrick Pouyanne, chief executive of French energy firm TotalEnergies said on Tuesday, including that Germany issued permits twice as quickly. Pouyanne said he would not continue to invest time and money in renewables in France if procedures did not speed up. In the U.S. I built 2 gigawatts in one year ... I don't. understand why we are able to refurbish Notre Dame Cathedral in. five years and not have the ability to build solar or wind plants (at the. same speed) in France, Pouyanne said at...

Iran's velocity in its enrichment of uranium to near to bomb grade is extremely. serious, has no civilian validation and contradicts Tehran's. assertions on desiring serious nuclear settlements, a Western. diplomatic source stated on Saturday. Iran has long denied looking for nuclear weapons. U.N. nuclear guard dog chief Rafael Grossi told Reuters on. Friday that Iran was drastically accelerating its enrichment of. uranium to as much as 60% purity, near to the about 90% level that. is weapons grade. The International Atomic Energy Company later verified in a. personal report to member states that Iran was accelerating. uranium enrichment, a...

French authorities are drawing up strategies to offer an interestfree loan to stateowned power utility EDF to finance a considerable portion of the construction of six brand-new nuclear reactors, two people knowledgeable about the matter stated. The financing would clear a major obstacle for among the nation's most significant public tasks in years. The strategies resemble financing agreed recently for a single reactor in the Czech Republic, and although the size of the loan is not yet understood, it shows the growing need for state assistance in funding brand-new nuclear projects in Europe. The strategies also include a long-lasting guaranteed...

The Czech antimonopoly workplace UOHS has been looking into prospective anticompetitive collusion of electricity manufacturers CEZ, EPH and Veolia Energie in a federal government auction for state help for developing power plants, UOHS said on Tuesday. News site www.seznamzpravy.cz reported UOHS was looking into whether the three business coordinated bids in the auction implied to choose business to develop gas or biomass power and heat plants as part of a decarbonisation drive. I can validate that UOHS is dealing with this matter, a. UOHS spokesperson said when asked to comment on the report,. confirming the 3 business were included. He...

The Czech anti-monopoly office UOHS put a short-lived block on the conclusion of a contract with South Korea's KHNP for the building and construction of a new nuclear power system following difficulties by Westinghouse and EDF. UOHS stated that the initial measure to restrict the conclusion of the contract was not indicative of how the case will be chosen and was standard operating procedure in such a case. The measure follows the office began official proceedings work in September on appeals from U.S. group Westinghouse and France's EDF versus the nation's option in July of Korea Hydro & & Nuclear...

The French federal government supports eliminating caps on family electrical energy taxes as it hurries to plug a huge hole in the country's finances, France's budget minister said on Tuesday. These caps have actually cost billions and billions of euros to French taxpayers, Laurent Saint-Martin informed franceinfo. With. inflation falling below 2% and energy rates under control. once again, should we remove the caps? My response is yes. The government is due to provide a budget plan bill later on this. week reflecting a 60 billion euro ($ 65.90 billion). belt-tightening drive to hit new fiscal targets in an. extraordinary...

The present conflict in between Russia and the West over Ukraine is unparalleled in history and an error might cause disaster, a senior Russian diplomat stated on Thursday when inquired about comparisons to the 1962 Cuban Missile Crisis. The 2-1/2- year-old Ukraine war, the most significant land war in Europe given that World War 2, has set off a significant conflict between Russia and the West, and Russian officials say it is now entering its most unsafe phase to date. Russian diplomats have formerly invoked comparisons to the 1962 crisis when the Cold War superpowers are considered to have actually...

Atomic energy company Newcleo has raised 135 million euros ($ 151 million) from brand-new financiers including Italian pension fund Inarcassa, it stated on Monday, as it finalises the relocation of its base to Paris from London. With those extra funds, the business has raised an overall of over 535 million euros and can now depend on more than 700 investors including the Agnelli's family Exor Seeds venture capital fund. Newcleo, which is establishing small modular reactors powered by reprocessed hazardous waste, plans to reopen its capital raise procedure in France later on this year to include more European investors to...

An additional tax on electricity production systems in France would strike nuclear operator EDF's. investment plans, CEO Luc Remont stated on Wednesday, as the. business hopes to reach an arrangement with the federal government by the. end of the year over its plan for new nuclear reactors. The tax proposition was developed by the previous government. before French President Emmanuel Macron called a breeze election. in May. It would raise taxes on power plants that produce more. than 260 megawatts (MW) to generate some 3 billion euros in. earnings. Around 90% of the funds raised from the proposal is expected....

Sept 7 (Reuters) Italy plans to draft, by early 2025, guidelines to enable the use of brand-new nuclear power technologies, the energy minister said on Saturday, signalling a potential turnaround of the country's. current ban on nuclear power production. By the end of the year (the energy ministry's legal. advisor Professor Giovanni) Guzzetta and his group will produce a. thorough analysis on nuclear, and what sort of laws we need. to introduce, Energy Minister Gilberto Pichetto Fratin stated on. the sidelines of the TEHA business online forum in Cernobbio. He included he hoped parliament would have the ability to authorize...

France's stateowned nuclear fuel business Orano has actually chosen Oak Ridge, Tennessee as a favored website to develop a multibillion dollar U.S. uranium enrichment plant, Tennessee and Orano authorities stated on Wednesday. The move comes months after the administration of President Joe Biden signed legislation suggested to ultimately end reliance on Russia, the world's top provider of enriched uranium. The law enforced a restriction on imports of Russian enriched uranium and released up to $2.7 billion in U.S. funding for domestic uranium jobs. Jean-Luc Palayer, CEO and president of Orano USA, said the business is preparing the next required steps...

TotalEnergies will form a. joint endeavor with India's Adani Green Energy Ltd in a deal. which will see the French oil giant contribute an equity. investment of $444 million, it said on Tuesday. The 2 companies had formed a joint endeavor in September. 2023 worth $300 million which gave Overall direct access to. ownership of properties contributed by Adani Green-- namely 1.05. gigawatts (GW) of wind and solar farms in India, where the bulk. of energy requirements are still met by coal. The brand-new contract, into which Total pays more cash, will. see each side hold 50% of another portfolio...