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Record loss for Russia's Gazprom as European market closed
Record loss for Russia's Gazprom as European market closed
by  AFP

Russian energy giant Gazprom said Thursday it suffered a record annual loss last year as the European market was practically shut to its gas exports due to sanctions over Moscow's military operation in Ukraine. Exports to Europe have long been Gazprom's top earnings source, but following the start of the conflict in Ukraine European nations sought to reduce their reliance upon Russian natural gas.

US clears ExxonMobil deal, bars Pioneer ex-chief from board
US clears ExxonMobil deal, bars Pioneer ex-chief from board
by  AFP

US antitrust authorities cleared ExxonMobil's acquisition of Pioneer Natural Resources under the condition that the shale producer's former CEO be barred from the company's board, regulators announced Thursday. In October, ExxonMobil announced the acquisition of the fellow Texas-based Pioneer for about $60 billion in a big bet on the Permian Basin, a key US shale region.

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