Bloomberg Reliance Industries Ltd., owned by India’s richest man Mukesh Ambani, is considering entering the power-storage business with its partner BP Plc. to expand into the country’s growing renewable energy sector, according to two people with knowledge of the plan. The companies are considering a plan to set up energy-storage projects near solar- and wind-energy installations, the people said, asking …

Bloomberg Oil Search Ltd., the Papua New Guinea-focused energy explorer, raised its full-year production target because of record output from the country’s liquefied natural gas project. The company lifted the lower end of its 2017 production guidance to 29 million barrels of oil equivalent from the previous 28.5 million, while leaving the upper end at 30.5 million barrels, citing record …

Bloomberg Zema, a 94 year-old retailer of toys and appliances in Brazil’s interior, has become an unlikely thorn in the side of state-controlled oil behemoth Petroleo Brasileiro SA. This year Zema, which also runs gas stations, got its first fuel import license and joined a fast-growing group of new players that managed to, at least temporarily, squeeze Petrobras out of …