Bloomberg Nigeria LNG Ltd. cancelled several liquefied natural gas shipments after vandalism on pipelines from gas fields disrupted production, according to people with direct knowledge of the matter. The company declared an additional force majeure on LNG cargoes for export, and cancelled loading of at least two scheduled for January delivery from the Bonny Island facility, according to two ...

  Bloomberg Exxon Mobil Corp will sell its controlling stake in Esso (Thailand) Pcl, which runs a local refinery and retailing business, to rival Bangchak Corp. as the largest US oil company focuses on its home market and the production of lower-emission fuels. Bangchak will acquire 66%, or 2.28 billion shares, of Esso at a price to be determined later, ...

Bloomberg The UK economy may avoid tumbling into recession until later this year as consumers kept spending through the worst cost-of-living squeeze in memory. Gross domestic product unexpectedly rose 0.1% in November, the Office for National Statistics said Friday. Economists had expected a small decline after growth in October. November’s figures mean the UK economy probably avoided a recession in ...