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Bloomberg PetroChina Co, the country’s biggest oil and gas producer, is weighing a plan to carve out its marketing and trading business and seek a separate listing, people with knowledge of the matter said. China National Petroleum Corp (CNPC), the state-owned parent of PetroChina, has asked external consultants to provide proposals on the feasibility of such a plan, said the ...

  Bloomberg Uniper SE reported a loss of more than 12 billion euros ($12.2 billion), ranking among the biggest in German corporate history and laying bare the unprecedented crisis engulfing Europe’s energy markets. The size of the hit for the utility, which last month received a government bailout, shows just how severe the situation is as the European Union braces ...

Bloomberg Russia has asked buyers from its Sakhalin-2 LNG plant to pay Gazprombank JSC, throwing customers including Japan and South Korea into a dilemma over sanctions that threaten shipments. Sakhalin Energy LLC, the new operator, sent settlement instructions to customers for paying in US dollars to Gazprombank, according to documents seen by Bloomberg. Gazprom PJSC owns just over 50% of ...

  Bloomberg BP Plc is seeking to get rid of its oil assets in Mexico amid a shift in its business strategy towards renewable energy and a challenging political climate in the energy sector in the country. Since winning three exploration contracts in partnerships with France’s TotalEnergies, Equinor ASA, Qatar Petroleum and Hokchi Energy six years ago, BP has sold ...

  Bloomberg Germany is proposing additional energy-saving measures as Chancellor Olaf Scholz’s government seeks to reduce the country’s dependence on Russian natural gas supplies. The Economy Ministry suggested reducing the minimum temperature in offices — in both the public and private sectors — to be lowered to 19 degrees Celsius (66 Fahrenheit) as it seeks to cut gas consumption by ...

In the eyes of Hong Kong’s new leader John Lee, the city has a publicity problem. It has a great story to tell, and just needs to do a better job of showcasing its achievements to the world. “We should not belittle ourselves,” Lee told lawmakers a few days after taking office last month, saying he planned to send delegations ...

There’s a lot about Beijing’s decades-long infrastructure push and investment-led growth that India wants to emulate. But when it comes to the consumer economy, aping China’s out-of-control digital lending boom is strictly off the policy agenda. The Reserve Bank of India’s recently released guidelines for app-based loans show a clear desire to rein in the industry after its pandemic-era excesses. ...

  Kenya’s general election was always going to be a close-run thing, with a certain amount of political uncertainty baked into the outcome. Going into the weekend, Raila Odinga, the perennial opposition contender, has rejected the election commission’s announcement that William Ruto had beaten him, by a thin margin of 50.5% to 48.9%, to the presidency. Odinga has until next ...

  Indonesian President Joko Widodo has long put domestic concerns ahead of diplomacy. He’s now about to host one of the most significant geopolitical gatherings in years. He told Bloomberg News that Russia’s Vladimir Putin and China’s Xi Jinping plan to attend the Group of 20 summit. For the image-conscious Jokowi, as he is known, that counts as a win ...

  Bloomberg Cathay Pacific Airways Ltd is dangling allowances of up to HK$5,000 ($640) a flight as a sweetener for pilots rostered on to fly in and out of mainland China, with ongoing Covid-19 curbs making it less appealing to work those routes. The Hong Kong-based airline’s dedicated Chinese mainland operations have “been particularly onerous,” the company acknowledged in a ...