Bloomberg The desolate red sands of the Pilbara region in western Australia, home to most of the iron ore mines that account for a major chunk of the nation’s export income, may one day house an ambitious hydrogen export hub. The Asian Renewable Energy Hub, which would use electricity from wind and solar plants stretched across thousands of miles to …

Bloomberg A unit of Petroleos de Venezuela SA (PDVSA) sued the US to recover more than $640 million in excise taxes it says it overpaid on environmentally friendly fuels. PDV Holding Inc, the subsidiary of Venezuela’s national oil company, claims it improperly calculated tax credits and overpaid from 2005 to 2011. The company, which filed the lawsuit in federal court …

Bloomberg Cenovus Energy Inc agreed to buy Husky Energy Inc in an all-stock deal valuing Husky at about C$3.8 billion ($2.9 billion), creating Canada’s third-largest oil and natural gas producer. The deal promises to combine two of the largest players in Canada’s oil sands at a time that valuations have crumbled in the sector. Even before this year’s oil-price slump, …