PetroChina Withdraws Bid for Australian Gas Producer

PetroChina Co., China's largest natural-gas producer, confirmed Tuesday that it withdrew a bid for an Australian coal-bed methane gas producer but said it would continue to invest in other Australia projects because of their commercial value and importance for energy security. ...

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Chile Looks to Volcanoes for Renewable Energy

Chile is one of the countries with the greatest potential for geothermal energy development in Latin America, but a lack of incentives for investment in the sector has kept it from moving past the exploratory phase. A strategic partnership with New Zealand aims to change that situation. ...

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