Bloomberg Eni SpA is planning a second liquefied natural gas production vessel offshore Mozambique that could be built in less than four years to help Europe diversify supplies of the fuel, according to a company executive. The Italian oil and gas producer’s potential project would complement its $7-billion Coral-Sul FLNG platform moored off Mozambique’s northern coast that’s scheduled to ...

  Bloomberg Vitol Group, the world’s largest independent oil trading company, posted a record profit of $4.2 billion last year as it benefited from soaring energy prices. Those earnings allowed it to hand a record $3 billion to its executives and senior staff through share buybacks during the course of the year, according to the company’s audited annual accounts, seen ...

The Ukraine war is entering its third phase, and this one could well be decisive. Phase one was Russia’s failed blitzkrieg, meant to destroy the Ukrainian state. Phase two, which continues in desultory fashion, was Moscow’s push to seize all the Donbas area along the Ukraine-Russia border. Phase three will feature a Ukrainian counteroffensive in the south. If Ukraine can ...