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Snam eyes 23 bln euro investments to speed green drive

MILAN — Europe’s biggest gas pipeline group Snam has penciled in 23 billion euros ($26 billion) of investments over the next nine years to ready its network for hydrogen and the energy transition. The company said it was looking to spend around 3 billion euros to re-purpose 2,700 km of network to transport green hydrogen […]

Lundin Energy considers sale or merger, Bloomberg reports

OSLO — Swedish oil and gas company Lundin Energy is considering a potential sale, Bloomberg News reported on Monday, citing unnamed sources. Lundin, which has a market value of about $10 billion, is studying strategic alternatives that could also include a merger or asset disposals, the report said. “We never comment on speculation,” a Lundin […]

WHO flags Omicron risk, curbs tighten worldwide, Biden urges vaccination

GENEVA/JOHANNESBURG — The World Health Organization (WHO) said on Monday the Omicron coronavirus variant carried a very high risk of infection surges as more countries closed borders, casting a shadow over economic recovery from the two-year pandemic. Big airlines acted swiftly to protect their hubs by curbing passenger travel from southern Africa, fearing that […]

Holmes arrives at U.S. court to testify for fourth day in Theranos fraud trial

SAN JOSE — Theranos founder Elizabeth Holmes arrived at a California court on Monday to testify for a fourth day at her fraud trial, where she has portrayed herself as an entrepreneur who faced challenges in an attempt to reshape the blood-testing industry. Holmes, 37, has pleaded not guilty to nine wire fraud counts and […]

Design flaw could explain problem at EDF’s Chinese nuclear plant-NGO

PARIS — A design flaw in the reactor pressure vessel could be the cause of a problem that was made public in June at French company EDF’s jointly-owned nuclear power plant in China, a French non-governmental organization said, quoting a whistleblower. One of the reactors at the facility in Taishan, which is operated by China […]

Biden says U.S. is working with pharma companies on Omicron contingency plans

WASHINGTON — President Joe Biden sought to reassure Americans on Monday that the United States was prepared to handle the new COVID-19 Omicron variant, pledging to accelerate development of vaccines to handle it if necessary. “This variant is a cause for concern, not a cause for panic,” Biden said in remarks at the White House […]

Oil gains more than 3% on speculation Omicron-related drop overdone

NEW YORK — Oil bounded upward Monday, briefly touching highs above $77 a barrel as some investors viewed Friday’s slump in oil and financial markets as overdone absent more data on the Omicron coronavirus variant. If the new variant of the virus proves vaccine resistant or more contagious than other variants, it could impact travel, […]

Biden urges Americans to mask indoors, says Omicron to appear 'sooner or later' in U.S.

WASHINGTON (Reuters) - U.S. President Joe Biden urged Americans to wear masks indoors and in public places, as the administration braces for the new...

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