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Winter cold exposes flaws of Europe energy market

  Bloomberg As freezing weather triggered energy shortages across southeast Europe at the start of the year, Bulgaria’s refusal to export power was typical in a region where everyone had to fend for themselves. Nations from Greece to Hungary hoarded power last month in response to the coldest winter in a decade, exposing the weakness of the region’s power markets, ...

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Total lifts dividend, plans growth as profits beat estimates

  Bloomberg Total SA raised its dividend by 1.6 percent and said it may give the go-ahead for almost a dozen new projects in the next 18 months after fourth-quarter profit beat analysts’ estimates. “We’re going to propose to increase the dividend as we have confidence in the future,” Chief Executive Officer Patrick Pouyanne told reporters in Paris. “My goal ...

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Norway expands slower than estimates as oil slump nears end

  Bloomberg Norway’s economic growth picked up slower than anticipated in the fourth quarter as western Europe’s biggest crude producer emerges from a protracted slump in its oil industry. Mainland gross domestic product, which excludes oil, gas and shipping, grew 0.3 percent from the previous quarter, Statistics Norway said on Thursday. Economists surveyed by Bloomberg had estimated a gain of ...

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