In 2025, Engie boss Vincent Verbeke made it clear that nuclear energy was no longer one of Engie's "strategic ambitions". The French energy company is focusing on renewable energies and flexibility. The government under De Wever had already announced its move back to nuclear power a year ago.
Iona Macdonald graduated from Aberdeen University in 2000 with a degree in chemistry. She worked in the oil and gas industry for a quarter of a century. She was made redundant two years ago and is now working in a pub on the minimum wage. Iona's friends have gone from six-figure salaries to stacking shelves in a supermarket overnight.
The Strait of Hormuz has been closed since the U.S. and Israel attacked Iran in February. President Trump warned that Iran's oil pipelines will explode if they don't start exporting through the strait soon. Energy experts say the situation is unlikely to be as dire as Trump claims.
Sales rose 4.4 percent to $15.4 billion. Net profits slid 28.6% to $575 million, mostly due to an $80 million hit from changes in exchange rates. Net profit more than tripled from the final quarter of last year. ArcelorMittal is going forward with the construction of its largest electric steel furnace in Europe.
Norwind Offshore has doubled its fleet by completing the acquisition of six commissioning service operation vessels (CSOVs) from Edda Wind. The transaction was completed in partnership with Navigare Capital Partners. The newly added vessels have either recently been delivered from the shipyard within the past year or are in the final stages of delivery. They are equipped with the latest technology and operational capabilities to support the development of renewable energy projects worldwide.