Japan, dependent on imports for 99 percent of its oil and gas, may turn to Iraq and Indonesia after it lost control of Iran’s biggest untapped field.
Prime Minister Shinzo Abe’s government promised this week to invest in Iraq’s shattered energy industry in the hope that Japan will be able to tap the world’s third-largest [...]

Russian gas monopoly Gazprom may buy a stake in Portugal’s Amorim Energia, the second-biggest shareholder of Galp Energia, Portugal’s leading energy firm, the head of Amorim Energia said in a newspaper interview.
“If we are talking about possibilities, it’s a possibility. But it doesn’t depend on me, it depends on the flexibility of (Angolan state oil [...]

The Russian aluminum company Rusal on Monday announced a three-way merger to create the world’s biggest aluminum producer, dethroning the U.S. aluminum maker Alcoa and underscoring the rise of Russia’s commodity-based industries against a backdrop of rising prices.
Under the terms of the agreement, Rusal, which is controlled by the Russian billionaire Oleg Deripaska, will issue [...]

Flagship Indian energy firm Oil and Natural Gas Corp (ONGC) is in talks over exporting its share of natural gas from Russia’s Sakhalin-1 via Royal Dutch Shell’s nearby LNG terminal, an oil ministry official said on Friday.
The move to make liquefied natural gas (LNG) at Sakhalin-1, a multibillion dollar project on Russia’s Pacific Coast, runs [...]

Soaring oil and gas prices, doubts about Russian supplies and advances in clean technology are fuelling a revival of Britain’s coal industry ahead of a review of energy policy expected next week.
Northern England, home to once-flourishing mines that fell victim to Britain’s rush to North Sea gas in the 1990s, is feeling the upturn.
Companies from [...]

Emboldened by high oil prices, South American countries are leading the way, but are not alone, among those seeking more cash and control from multinationals that drill in their oil and gas fields.
Consumers fear this resurgence of “resource nationalism” will slow investment, tighten supplies and keep oil prices at record highs.
But some analysts say with [...]

Russia’s uranium exploration and mining assets at home and in the CIS will be combined into a single, purely state-owned enterprise, nuclear energy chief Sergei Kiriyenko said Wednesday, scotching hopes that private investors would be allowed to retain minority stakes in uranium enterprises.
The announcement follows President Vladimir Putin’s approval on June 9 of a plan [...]