Oil & gas
RIL aanounces another oil find in Cambay Basin
10 Nov 2009
The company reported a gross reservoir thickness of about 15 metres and the well flowed at a rate of 500 barrels of oil per day.
ExxonMobil, Shell bag Iraqi West Qurna oilfield contract
06 Nov 2009
ExxonMobil and Royal Dutch Shell beat rival consortiums from Russia, France and China to secure initial rights to develop Iraq’s giant West Qurna phase 1 oilfield, one of the largest in the country
Reliance gas dispute hearing restarts from square one
05 Nov 2009
With justice B Sudarshan Reddy replacing justice R V Raveendran, the Supreme Court today began hearing afresh the high profile legal dispute between the Ambani brothers
Dubai’s ENOC to acquire Dragon Oil for $1.9 billion
04 Nov 2009
Dubai seeks to bolster future energy resources by acquiring full control over Dragon Oil Plc, to expand its exploration and production in oil rich Turkmenistan
Montara oil field well plugged on fifth attempt
03 Nov 2009
Denbury Resources to acquire Encore for $4.5 billion
03 Nov 2009
The acquisition will create one of the largest CO2-enhanced oil recovery (EOR) platforms diversified across the Gulf Coast and Rocky Mountain regions
Essar Oil to start coal gas sale by January-March
02 Nov 2009
Essar Oil Ltd will start selling coalbed methane, or natural gas, extracted from coal seams in West Bengal by the last quarter of the 2009-10 fiscal.
Shell to cut 5,000 jobs after poor Q3 results
02 Nov 2009
Anglo-Dutch oil and gas group Royal Dutch Shell will cut 5,000 jobs - some 4.9 per cent of its 102,000-odd staff - as part of a restructuring programme called `Transition 2009.'
Brazil, Venezuela in $12-billion refinery deal
02 Nov 2009
Brazilian oil giant Petrobras and Venezuela's PDVSA will form a joint venture to set up a 230,000 barrels per day oil refinery in Brazil.
IOC blaze enters fifth day; toll rises to 12
02 Nov 2009
High gas price not in public interest: SC
31 Oct 2009
Damage spreads as IOC depot blaze continues
31 Oct 2009
Essar Oil close to buying Shell's UK, German units
31 Oct 2009
India's Essar group is the preferred bidder to buy Royal Dutch Shell's three European refineries, according to media reports.
IOC’s Rajasthan depot still ablaze; at least 6 dead
30 Oct 2009
A day after it broke out, the fire at the Indian Oil depot in the Sitapur industrial area near Jaipur in Rajasthan continues to rage today
Gas price burden will be passed on to consumers: NTPC
29 Oct 2009
In what is perhaps the most bizarre part of the gas dispute between the two Ambani brothers, the petroleum ministry seems to be at war with state-owned NTPC
ConocoPhillips plans to sell $10-billion in assets
29 Oct 2009
ConocoPhillips plans to sell assets worth approximately $10 billion during the next two years to strengthen its financial position and reduce its debt-to-capital ratio
Oil surges to $79 a barrel on dollar volatility
28 Oct 2009
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