Corporate week in brief: Total gets serious about Power

Total has made its largest acquisition in low-carbon assets to date with a US$1.7 billion deal to acquire a 74% stake in Direct Energie – a French independent electricity retailer. The deal is an endorsement of the company’s strategy to build value across the electricity value chain, with both gas and renewables playing a key role. In other news last week: ‘Not Beyond Petroleum’ – BP sets out strategy for ‘advancing the energy transition’. Brent reaches new highs in another bumper week for oil and gas stocks. Australian companies report operational results to kick off the Q1 earnings season – what will be the main trends to look out for this quarter? Petrobras proposes downstream divestment strategy. Repsol hits oil offshore Gabon