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French nuclear output rises to 12-month high

  Bloomberg France’s nuclear power plants were generating at the highest level in nearly a year, providing temporary relief in Europe’s fight to save natural gas this winter. The nation had 45 reactors online on Friday, producing 45,360 megawatts, according to grid operator RTE. That’s the highest since Feb. 11 last year, but about 12% lower than the average of ...

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Shell sees record 2022 profit

  Bloomberg Shell Plc posted a fourth-quarter profit that was well ahead of expectations as its natural gas business thrived, lifting the oil major to a record performance in 2022 fuelled by soaring energy prices. After a bumpy ride earlier in the year amid volatile markets, Shell’s integrated gas unit was firing on all cylinders in the final quarter, delivering ...

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OMV explores sale of oil, gas assets

  Bloomberg OMV AG is exploring a sale of some international oil and gas assets as the Austrian energy and chemicals company pushes ahead with a long-term goal to pull back from upstream production. The government-backed company is working with advisers to gauge interest in the multibillion-dollar portfolio from private equity and strategic buyers. OMV in March announced plans to ...

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