Oil & gas
Statoil to sell Gassled stake to foreign funds for $3.2 billion
06 Jun 2011
Statoil will sell its 24.1 per cent direct and indirect stake to Solveig Gas Norway AS, a holding company of the funds, and retain a 5 per cent stake in Gassled.
BPCL to hike refining capacity by 30 per cent
06 Jun 2011
BPCL, India’s third-largest refiner, plans to invest $4 billion to add 170,000 barrels per day (bpd) of refining capacity at its Kochi and Bina plants
Progress Energy to sell half its North Montney shale-gas assets to Petronas for C$1.07 bln
02 Jun 2011
The two will also set up an LNG export joint venture on the West Coast of British Columbia, with Petronas owning 80 per cent and Progress holding the remaining 20 per cent.
Gazprom inks conditional deal with Petronet for LNG supply
02 Jun 2011
The agreement clearly states that it will be implemented only when Gazprom has spare LNG available, and if the price and other terms and conditions are agreed upon.
OIL lines up $1 bn for acquisitions
01 Jun 2011
OIL, which is the country’s second-largest explorer after ONGC, is on the lookout for a medium-sized oil properties that are already in production to supplement its present operations
Greenpeace activists invade Cairn’s Arctic oil rig
30 May 2011
Greenpeace says it is opposed to the drilling because a spill would be near to impossible to clean up in Arctic conditions, unlike BP's oil spill in the warm Gulf of Mexico that still took three months to plug
Panel of ministers clears Cairn India stake sale to Vedanta
27 May 2011
Once CCEA also clears the deal, Vedanta Resources can proceed with its $9.4 billion acquisition of Cairn Energy's India assets.
Diesel, LPG price decision now expected on 9 June
27 May 2011
International crude prices are climbing down from previous highs, reducing the under-recovery of oil marketing companies due to subsidised prices
Not only in India: UK authorities find kerosene-mixed diesel at pumps
21 May 2011
Adulteration of diesel with kerosene may be most rampant in India, but it is not unheard of in the UK, where it is not supposed to happen.
Shell to go ahead with world's first floating liquefied natural gas vessel
21 May 2011
The project will cost over $10 billion to build and process natural gas equivalent 110,000 barrels of oil per day
BPCL's Bina refinery goes on stream
20 May 2011
ONGC cries foul over hike in subsidy burden
20 May 2011
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