Petroleo Brasileiro SA’s imminent ascent in the global oil output ranking contrasts with its sliding market value as Brazil’s deteriorating finances dash investor hopes for relief in fuel subsidies paid by the company.
Butanol, the gasoline substitute promoted by billionaire Richard Branson, is headed for its debut at U.S. pumps as soon as next year in a challenge to ethanol’s domination of the $26 billion renewable fuels market.
Google Inc.’s $3.2 billion purchase of a digital thermostat maker may jump-start a multibillion- dollar race to acquire companies that are powering the rise of Web-connected devices across homes, cities and workplaces.
InterOil Corp. lost more than a third of its market value after agreeing to sell Total SA a majority stake in its Papua New Guinea natural gas discoveries for a price that won’t be known for at least a year.
The WilderHill New Energy Global Innovation Index, which tracks 94 clean-energy stocks, has gained 4.6 percent since the start of the year after a worldwide slump in the solar industry pulled it down in 2012.
Mexico’s seven-decade state energy monopoly is one step closer to allowing private oil investment after Senate committees voted in principle to approve a bill that allows output sharing and licenses for outside companies.