Reliance Industries Ltd., operator of the world’s biggest oil refinery complex, reported its highest quarterly profit in more than two years as a decline in the value of the rupee boosted export earnings.
Seplat Petroleum Development Co., a Nigerian oil producer that raised about $500 million in an initial share sale this month, expects the African nation to almost stop burning natural gas at oil fields within five years as the domestic fuel market becomes more profitable.
Ukrainian forces killed three pro- Russian militants after an attack on a national guard base in the country’s east as the U.S. and its European allies sat down with Ukraine and Russia to discuss the crisis.
Top diplomats from Ukraine and Russia will meet today for the first time since clashes erupted in Ukraine’s restive east, accompanied by U.S. and European Union counterparts poised to impose new sanctions if talks fail.
The prospective bankruptcy filing of Energy Future Holdings Corp., taken private in the biggest leveraged buyout in history, is poised to put the most profitable unit of the power producer up for grabs.
Energy Future Holdings Corp., the Texas power producer taken private in the largest-ever leveraged buyout, said it won’t submit its annual report on time as talks with creditors on a potential bankruptcy plan continue.
Bloomberg BNA — A House-passed bill to curtail the Environmental Protection Agency's authority to regulate greenhouse gas emissions from power plants “is a top priority” for Republicans if they gain control of the Senate in the fall elections, a House Republican said April 10.