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Yemen peace talks collapse in Geneva after Houthis don’t arrive

Bloomberg Peace talks between Yemen’s exiled government and Shiite rebels planned for this week in Geneva haven’t taken place after the Houthis delegation didn’t arrive in the Swiss city. The United Nations’ special envoy to Yemen, Martin Griffiths, plans to head to the war-torn country within days, where he will hold talks with the Houthi rebels. “The environment for discussions ...

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Permian oil auction receives record $1bn as bidding soars

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 ...

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Orsted opens world’s largest offshore wind farm in Irish Sea area

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 ...

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