Iberdrola, Spanish power company, announced that it was selling its 4 percent stake in Portuguese energy firm Galp Energia.

PM Mr Man Mohan Singh inaugurated, 'Science Express' an exhibition on wheels that visiting German Chancellor Angela Merkel opened in the capital along with him.Later in the day she attended meeting organised by conglomerate of various industries.

The Australian share market enjoyed a strong day of trading with mining and energy stocks leading the rally because of strengthening global commodity and base metal prices.

Russian JSC Lukoil was allowed by Turkmenistan's government to work three fields in the energy-rich Caspian Sea, official media in the Central Asian nation reported Wednesday.

Russia's state-owned oil firm Rosneft says it wants to acquire nearly all of the bankrupt Yukos Oil Company's production assets, as the Kremlin pushes to expand its control over the country's oil and natural gas riches.

Mexico's state-owned oil company, Petroleos Mexicanos, better known as Pemex, celebrated its 69th birthday on March 18, amid concerns that it is on the brink of insolvency and its production is falling. As VOA's Greg Flakus reports from Houston, Mexico, still has plenty of oil, but internal politics prevent the investment needed to develop the resources.