Friday , 19 December 2025

Recent Posts

US senators to back expanding pipeline sanctions to insurers

Bloomberg A bipartisan group of senators is planning to introduce legislation that would expand US sanctions against Gazprom PJSC’s Nord Stream 2 pipeline between Russia and Germany by taking aim at insurance companies that work with Russian vessels on completion of the project. Senator Ted Cruz, one of the lead sponsors of the legislation, said the pipeline poses “a critical …

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Total shifts to clean energy with SSE stake

Bloomberg French oil company Total SA has bought a 51% stake from utility SSE Plc in the development of a massive wind farm off the coast of Scotland. The 70-million-pound investment ($88 million) in the Seagreen 1 wind farm will be Total’s first significant foray into offshore wind as it seeks to expand its green energy business. SSE could also …

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Nigeria court ruling stymies state bid to offer oil permits

Bloomberg A Nigerian court suspended the government’s cancellation of eight oil concessions, hampering the state’s ability to include the withdrawn permits in a bidding round opened this week. A judge at the Federal High Court in Lagos granted an injunction, preventing the government from re-awarding the eight permits before a lawsuit challenging the legality of the terminations is resolved. Ten …

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