(Reuters) – BP Plc laid off most contractors at the 185,000 barrel per day Toledo, Ohio, refinery it owns with Cenovus Energy, according to sources familiar with the matter on Wednesday, indicating the plant will experience a prolonged shutdown followi…
PIMCO CIO says UK market chaos not systemic but will have global impact
(Corrects name of conference to Delivering Alpha in first paragraph) WASHINGTON (Reuters) – The collapse of the British pound and subsequent sell off in the country’s bond market in recent days do not pose systemic risks but will affect global markets,…
Porsche shares to be issued at 82.50 eur/shr
FRANKFURT (Reuters) – Shares in Porsche AG will be issued at 82.50 euros per share, the top end of an initial range given earlier this month, parent Volkswagen said on Wednesday. Volkswagen had set the pricing range at 76.50-82.50 euros a share for Por…
TotalEnergies to ramp up LNG production as it shifts away from Russia
By Benjamin Mallet and Silvia Aloisi PARIS (Reuters) -French oil major TotalEnergies said it would increase investments and ramp up production of liquefied natural gas (LNG) as it laid out its strategy for a possible future without Russia – while still…
UK must continue to use water wisely as drought remains -drought group
LONDON (Reuters) – Most of England remains in drought and careful management of water resources will be needed throughout the winter, Britain’s National Drought Group said on Wednesday. England had its sixth driest summer on record, according to Met Of…
Finland watching its waters closely after gas pipeline blasts, PM says
HELSINKI (Reuters) – Finland is watching its territorial waters very closely following explosions of two Nord Stream gas pipelines, Prime Minister Sanna Marin said on Wednesday. Marin told reporters that Finland, which shares the European Union’s longe…
Employers urge UK government to show it really can boost growth
LONDON (Reuters) – Britain’s government must reform areas such as immigration and climate change to show it really can boost economic growth after it sent markets into a tailspin with a huge tax cuts announcement, the head of an employers group said on…
EU tells countries gas price cap would come with risks
By Kate Abnett BRUSSELS (Reuters) – The European Commission has warned EU countries that a broad cap on gas prices could be complex to launch and pose risks to energy security, amid calls from countries for Brussels to step in to tame high fuel prices….
France’s TotalEnergies plans to spin off Canadian oil sands assets
By Nia Williams (Reuters) -TotalEnergies said on Wednesday it is looking to spin off its Canadian oil sands operations and list the new company on the Toronto Stock Exchange, as the assets do not fit with the French oil major’s low-emissions strategy. …
Moldova must boost defences, given presence of Russia troops -president
CHISINAU (Reuters) – The small ex-Soviet state of Moldova must boost defences because Russia is not respecting its neutrality, pro-Western President Maia Sandu told national television on Wednesday. Moldova, which borders Ukraine and Romania, applied f…