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Malaysian tycoon Shahril Shamsuddin's Sapura Energy is selling 50% of natural gas producer SapuraOMV Upstream to TotalEnergies for $705 million.
TotalEnergies' eye-catching $9bn profit reflects an especially strong midstream LNG performance in tighter markets.
Policy adjustments are urgently required in Europe and Asia to inspire lost confidence in natural gas
BERNE, Switzerland: Myanmar’s economy has long been shaped by the Tatmadaw — the nation’s powerful armed forces — and by the shifting whims of geopolitics, which together fashion the country’s global trade relations, particularly those concerning its large infrastructure projects. Since the Feb. 1 coup, which overthrew Aung San Suu Kyi’s National League for Democracy (NLD) government, and the violent suppression of protests which has left more than 600 dead, momentum has been building behind efforts to impose sanctions on the junta. To date, the US and UK have placed sanctions upo...