Recent Posts

BHP makes $6.4bn binding offer to acquire OZ Minerals

  Bloomberg BHP group Ltd has made a binding offer to acquire Australian copper producer OZ Minerals Ltd. for $6.4 billion, securing its biggest deal in more than a decade and boosting exposure to key materials used in clean energy and electric cars. The A$28.25-a-share bid, first announced in November, will now go to shareholders for approval in late March ...

Read More »

Germany set to boost its reliance on coal as it battles energy crisis

Bloomberg Germany is set to boost its reliance on coal as it battles an unprecedented energy crisis — even at the expense of its ambitious climate goals. Europe’s largest economy is burning the fossil fuel for electricity at the fastest pace in at least six years, data compiled by Bloomberg show. It’s also poised to be one of the few ...

Read More »

Shell shuts floating LNG facility

  Bloomberg Shell Plc suspended production at a floating liquefied natural gas (LNG) facility off the west coast of Australia after a fire broke out, tightening fuel supplies to Asia right as winter starts to boost consumption. The “small fire” at the Prelude LNG facility was detected and was “quickly contained using a hand-held extinguisher,” Shell said in a statement. ...

Read More »
Send this to a friend