Bloomberg National Grid Plc agreed to sell 60% of its gas transmission business to a consortium including Macquarie Group Ltd in a deal that will value the asset at 9.6 billion pounds ($12.7 billion). The UK firm will get about 2.2 billion pounds in cash from Macquarie’s asset management arm and British Columbia Investment Management Corp (BCI), it said ...

  Bloomberg TotalEnergies SE doesn’t plan to divest its Russian assets amid the war in Ukraine, as doing so would essentially mean handing them over to President Vladimir Putin’s regime, Chief Executive Officer Patrick Pouyanne said. The French energy major said it will no longer sign or renew contracts to buy oil and petroleum products from Russia, with the aim ...

  Germany announced plans to switch away from Russian oil. It’s a laudable goal, but the logistics of doing so present an immense hurdle. With (almost) no oil production of its own, Germany depends on imports. Those come in two forms — crude oil for processing in the country’s refineries and finished products such as the diesel fuel that powers ...