Bloomberg Orsted A/S unveiled the world’s largest offshore wind farm, an 87-turbine complex in the Irish Sea covering an area more than double the size of Manhattan. The Walney Extension off the coast of northwest England has a generating capacity of 659 megawatts and is capable of powering 590,000 homes, according to Danish company Orsted, the world’s biggest developer of ...

Bloomberg Mexico’s next president said he will continue with tenders for drilling service contracts starting when he takes office. “We are preparing the rescue plan for the oil industry that will consist of producing more crude oil soon, and we will need these companies that have experience, most of them national companies,” President-elect Andres Manuel Lopez Obrador said. “We are ...

Bloomberg The vibrations of the shale boom are now shaking the futures market. A visible decline in open interest of West Texas Intermediate crude futures contracts for delivery five or more years in the future is due to the growth of tight oil fields and the shift in producers’ need to hedge oil so far out in the future, according ...

Bloomberg Singapore’s Grab outlined ambitious fundraising plans and predicted that sales will double next year, adding to evidence that Southeast Asia’s most valuable startup is expanding well beyond its roots as a ride-haling app while intensifying a rivalry with Indonesia’s Go-Jek. Revenue will double to $2 billion in 2019 as it integrates the acquisition of Uber Technologies Inc.’s regional business ...

Bloomberg Reliance Industries Ltd.’s recent gains are helping one of India’s most-valuable companies catch up with the benchmark index, which it had trailed for much of the past decade. At close of trading this week, the company’s shares had surged 135 percent since it launched telecom services in 2016, nearly four times the advance in the S&P BSE Sensex, making ...

Bloomberg Singapore will continue monitoring risks of cybersecurity breaches and data hacks as those threats won’t go away, a senior government official said. Risks need to be managed but won’t prevent the government from building the city state into a technology-advanced one under its “Smart Nation” plan, Janil Puthucheary, senior minister of state for communications and information, said at Bloomberg’s ...

Bloomberg True Corp. slid the most in about two years after a tribunal said it must pay more than 94 billion baht ($3 billion) in a breach of contract case dating back to 2005, an order the firm said it will dispute. The China Mobile Ltd.-backed carrier said in a filing this case isn’t final and it intends to take ...

Bloomberg For evidence of just how big Toyota Motor Corp.’s bet is that hybrid cars will dominate new-energy vehicles until at least the end of the next decade, look no further than its battery supplier. Primearth EV Energy Co., despite the name, doesn’t make batteries for the pure electric vehicles that are emerging as a newer rival to gasoline-electric hybrids, ...

Bloomberg Britain’s trade unions will demand that a second referendum on Brexit be kept on the table as the campaign to give the public a final say on Prime Minister Theresa May’s divorce deal gathers pace. The call will be made in an agreed statement by the Trades Union Congress umbrella group on Sunday, according to three people familiar with ...

Bloomberg A potential megadeal between Chinese wireless carriers could give a boost to two companies half a world away: T-Mobile US Inc. and Sprint Corp. China United Network Communications Group Co. is said to be exploring a merger with China Telecommunications Corp., a transaction that would unite the country’s second- and third-largest carriers. The Chinese deal would be part of ...