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(Bloomberg) – Tullow Oil Plc sank to a record low, with trading of the shares briefly halted in London, after the company said it’s contemplating alternatives to refinance its looming debt maturities. The stock plunged as much as 35% to 5.55 pence, the lowest since trading began in 1989, over fears that a potential debt deal could hurt shareholders. Tullow’s bonds maturing next May dropped 7 cents to around 79 cents on the dollar, according to data complied by Bloomberg. Tullow became one of the UK’s hottest independent oil explorers after making several major African discoveries in the late 2000s.…
When Marina Ivanov’s family arrived in the United States in 1998, they had to start over from scratch. They didn’t speak English, didn’t know anyone, and had to rebuild everything they left behind. Fast forward to 2025 and Ivanov leads a trucking company, sits on industry boards, and is pushing through one of the toughest freight markets in recent memory. Getting there took time, adjustments, and more than a few tough calls. What’s RelatedTrucking goes back to her childhood. In Ukraine, her father was a farmer who owned heavy-duty equipment and a commercial truck. During the Soviet Union’s collapse, the…
• The two countries signed an MoU to develop an Article 6.2-aligned carbon credit implementation agreement that will allow Singapore’s carbon-taxed emitters to offset up to 5 percent of their emissions.• The partnership aims to identify high-quality mitigation projects that support both countries’ NDCs and deliver co-benefits such as jobs, community resilience, and environmental protection.• Singapore continues to expand its Article 6 pipeline, having already secured nature-based credits worth $76 million across Ghana, Peru, and Paraguay. Singapore and Malawi Set Out Joint Article 6 Pathway Singapore and Malawi have opened a new chapter in bilateral climate cooperation with a memorandum…
The U.S. packaging industry has cut about five million metric tons of materials since 2019, even as e-commerce and shipping volumes continue to grow. That’s the finding of a new report from AMERIPEN. This packaging trade group says companies are rethinking how products are packaged and shipped to use less material without losing performance. What’s RelatedThe shift comes from several strategies: lighter packaging designs, moving to refill and reuse models, and switching to more efficient materials. AMERIPEN’s report says those efforts have helped reduce material use across food, consumer goods, retail, and shipping sectors. “These reductions happened while demand continued to…
• Seventeen governments joined the Blue NDC Challenge, expanding the integration of ocean action directly into national climate plans.• A global network of regenerative seascapes launched with a target to mobilize at least USD 20 billion by 2030.• New nature, adaptation, and ethical governance coalitions advanced cross-sector action on forests, SMEs, and national adaptation plans. Ocean and Nature Deals Take Center Stage Belém delivered another day of intense, cross-sector activity as COP30 delegates shifted their focus to ocean systems, nature protection, and community-led climate action. Momentum built early when 17 countries committed to the Blue NDC Challenge, a move that…
Equinor has started delivering natural gas to Prague’s gas and electricity company Pražská plynárenská under a 10-year long-term agreement for supplies into the Czech Republic, the Norwegian energy major said on Friday. The gas deliveries, which started in October, will last until 2035. Information on volumes, terms and conditions are confidential, Equinor said. Pražská plynárenská will use the gas to supply households and businesses in the capital city of Prague and other parts of the country with heat, electricity, and natural gas.Equinor’s supplies of pipeline gas to Europe are backed by the resources on the Norwegian continental shelf, Europe’s biggest oil and…
• ABN AMRO elevates sustainability to a core strategic function with a newly strengthened CSO mandate.• Sandra Phlippen to lead Group Sustainability from January 2026, integrating climate priorities into core business operations.• Appointment comes as European banks face intensifying regulatory scrutiny on transition plans, climate risk and sustainable finance. Amsterdam moves to deepen sustainability governance ABN AMRO has appointed Sandra Phlippen as Chief Sustainability Officer, effective 1 January 2026, positioning one of the bank’s most influential internal voices at the centre of its climate and sustainability strategy. The move reflects a broader shift in European banking, where sustainability leadership is…
2025-11-21T13:44:17.811Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Business Insider is seeking nominations for our list of the rising stars of brand marketing. We’re highlighting talented up-and-coming brand marketers poised to become tomorrow’s leaders. Please submit your nominations by December 23. Business Insider is seeking nominations for a forthcoming list of the rising stars of brand marketing.Please…
New self-service platform offers audit-grade insights without consultant fees, lowering barriers to industrial energy efficiency. Tool identifies over 20 high-impact efficiency actions across major systems, with portfolio-level comparison for investment planning. Designed for global supply chains, with multilingual access, secure data governance, and built-in collaboration functions. A New Push to Expand Industrial Efficiency Google has launched a free Energy Assessment tool aimed at manufacturing facilities, positioning the platform as a way to unlock cost savings and emissions cuts that often remain out of reach for factories facing tight budgets, limited technical capacity, or slow capital approvals. Executives familiar with global…
• Siemens Energy will invest $2.3 billion in transformer and switchgear factories by 2028, expanding global grid capacity as electricity demand accelerates.• The company delivered €2.355 billion in profit before Special items and €4.663 billion in free cash flow pre tax for fiscal 2025, enabling a proposed dividend restart.• Upgraded 2028 mid-term targets include a 14%–16% profit margin before Special items and low-teens annual revenue growth on a comparable basis. A pivotal investment push as global grids strain under rising demand Siemens Energy is preparing a major expansion of its manufacturing base, committing €2 billion ($2.3 billion) to its global…