Djibouti is in talks with India, China, Brazil, Russia and Arab investors to finance infrastructure projects worth $5.9 billion, the head of the country’s ports authority said.
Dow Chemical Co., the largest U.S. chemical maker by sales, said it received $2.19 billion in cash from Petrochemical Industries Co. of Kuwait as compensation for the cancellation of a joint venture more than four years ago.
PG&E Corp. should pay $2.25 billion for a 2010 natural gas pipeline explosion in California that killed eight people, the city of San Bruno said.
Lithuania asked OAO Gazprom to reduce natural-gas prices as the Baltic nation works to reduce its dependence on the Russian supplier.
Polskie Gornictwo Naftowe i Gazownictwo SA, Poland’s biggest gas distributor, dismissed Chief Executive Officer Grazyna Piotrowska-Oliwa following a row over OAO Gazprom’s pipeline expansion plans.
Alaska plans to spend as much as $800,000 to evaluate exporting gas from its North Slope, including financial incentives for participating companies.
Russian President Vladimir Putin and Japanese Prime Minister Shinzo Abe agreed to revive stalled talks on a peace treaty to formally end World War II hostilities between the two countries.
New York City wholesale electricity prices rose to a one-month high as warmer weather boosted power use amid the shutdown of two generators in the region.
Eastern U.S. wholesale electricity gained a below-normal temperatures boosted demand.
Kinder Morgan Energy Partners LP, the biggest U.S. pipeline company, said first-quarter profit more than tripled as it expanded its interstate pipeline network.