The latest discovery brings total proven reserves of the gas field so far to nearly 900 billion cubic metres

Viva Energy to make a final investment decision on the project by the third quarter of fiscal 2022

Deals follow move to increase investment in US shale and exit Canada's oil sands, US offshore production and British North Sea fields

The approval to expand the plant was unlawful as it did not consider greenhouse gas emissions, a leading conservation group will argue

Announcement comes soon after the fast-growing energy player finalised a A$40-billion ($29 billion) deal to buy BHP's fossil fuel assets

The US will release 50m barrels from its Strategic Reserve to help cool oil prices in the lead-up to Christmas. States in Asia will do what they can.

Japanese officials are working on ways to get around restrictions on releasing national oil reserves in tandem with other countries to dampen prices, government sources say

Multinationals give go-ahead to Scarborough gas project in a field off northwest Australia that will supply LNG to north Asia and locally

This would be the first time for Japan to release oil reserves to lower crude prices, although it has tapped such reserves during natural disasters and geopolitical risks overseas

The stake sale is being pulled as Reliance Industries is making huge strides in its new energy business. The Indian conglomerate has vowed to invest $10 billion in alternative energy over the next three years

Beijing's reserves officials declined to comment on the US invitation to participate in a joint release of stockpiled petroleum

A coordinated release of oil reserves may present an unprecedented challenge to OPEC because it involves also China, the biggest importer of crude