Bloomberg Tropical Storm Florence is poised to strengthen as it swirls deep in the Atlantic Ocean and moves towards the US East Coast. The storm is about 905 miles (1,460 kilometres) southeast of Bermuda, with winds of about 65 miles per hour, the US National Hurricane Center said in a bulletin. It’s on pace to hit the US on Thursday, ...

Bloomberg The price to access unexplored shale assets on the New Mexico side of the Permian Basin soared to $95,001 an acre in a federal government auction, a record high for North America’s biggest oil field. The state’s previous record was $40,001 an acre set in December, according to a statement by the US Department of the Interior. Overall, the ...

Bloomberg Orsted A/S unveiled the world’s largest offshore wind farm, an 87-turbine complex in the Irish Sea covering an area more than double the size of Manhattan. The Walney Extension off the coast of northwest England has a generating capacity of 659 megawatts and is capable of powering 590,000 homes, according to Danish company Orsted, the world’s biggest developer of ...