Bloomberg Europe’s oil and gas giants, flush with cash from soaring prices, are considering whether to turbo-charge their transition to clean energy with multibillion-dollar acquisitions of major renewable energy producers. Shell Plc, TotalEnergies SE and Equinor ASA are among the companies that have evaluated the suitability of European utilities for takeovers. Potential targets include some of the region’s largest wind …

Bloomberg Russia’s government has made a plan to create a national oil benchmark next year, as it seeks to protect itself from efforts by the West to restrict the flow of petrodollars to the country. Key ministries, domestic oil producers and the central bank plan to launch oil trading on a national platform in October, according to a document seen …

Bloomberg The European Union (EU) took a step towards accelerating its deployment of hydrogen across the bloc, by approving a 15-nation project to help produce the fuel seen as critical to decarbonising heavy industry. The EU’s executive gave the green light under state aid rules to an “Important Project of Common European Interest” that will help unlock around $9 billion …