Bloomberg Plans to export natural gas from Iraqi Kurdistan got a boost after reserves were upgraded at two key fields. Yet successful development still hinges on the region’s turbulent politics. The Miran and Bina Bawi deposits hold 14.8 trillion cubic feet of contingent gas resources, explorer Genel Energy Plc said in a statement after an audit was carried out by ...

Bloomberg Activist investor ValueAct Capital Management has taken a stake in international power producer AES Corp., and the fund’s founder Jeffrey Ubben will join its board to help push for cleaner energy resources. Ubben will work with AES on the company’s plan to sell coal assets, reduce debt and develop more solar power and battery storage, according to AES. ValueAct, ...

Bloomberg China’s crude oil production will likely extend its slide into a third year as state-run giants focus on pumping natural gas to meet President Xi Jinping’s drive to use more of the cleaner-burning fuel. China, which last year overtook the US as the world’s top oil importer, will see the pace of crude output declines from its old, high-cost ...