Electricite de France SA raised its cost estimates for the six nuclear reactors it plans to build in its home country by 8% to €72.8 billion ($85 billion), highlighting the funding challenge faced by the state-owned utility as construction costs continue to rise.
TotalEnergies SE Chief Executive Officer Patrick Pouyanne said rising demand for oil will help to underpin prices, despite their recent slump on growing concerns about a global surplus.
Patrick Pouyanne Photographer: Benjamin Girette/Bloomberg
France is seeking to delay a European Union vote scheduled for this week on a free-trade agreement with some of the largest South American economies, saying that measures to protect the bloc’s farmers and consumers are insufficient.
Sebastien Lecornu, France's prime minister, leaves the Elysee Palace in Paris, France, on Tuesday, Oct. 14, 2025. Lecornu was reappointed on Friday, just four days after resigning amid political infighting.
French utility Engie SA and Danish investor Copenhagen Infrastructure Partners are competing for the European onshore wind business of Orsted A/S, according to people familiar with the matter.
A wind turbine near the Avedore power station, operated by Orsted A/S, near Copenhagen, Denmark, on Wednesday, Aug. 20, 2025. Denmark's plan to inject billions of dollars into Orsted A/S has sparked political backlash at a time when taxpayers are already spending more on defense and the fiscal bonanza from drug giant Novo Nordisk A/S is fading.
Galp Energia SGPS SA shares tumbled as much as 15% in Lisbon — their steepest drop since March 2020 — after a long-anticipated transaction with TotalEnergies SE failed to meet investor expectations.
Vapour rises from a chimney at the Galp Energia SGPS SA Sines oil refinery plant. Photographer: Goncalo Fonseca/Bloomberg
TotalEnergies SE has emerged as the leading bidder to buy a stake in Galp Energia SGPS SA’s major oil discovery offshore Namibia, according to people familiar with the matter.
Electricite de France SA is seeking to convince France’s largest construction firms to work together on new nuclear reactors as the state-owned utility tries to contain project costs.
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