Oil & gas
Oil surges as Opec, non-Opec producers agree on output cuts
01 Dec 2016
In the first joint output cut with Russia since 2001, and the first Opec cutback after 2008, Saudi Arabia, Iraq, UAE, and Kuwait have agreed to take the largest production cuts
CIA chief warns Trump against tearing up Iran deal
01 Dec 2016
Trump’s threat to tear up the nuclear deal with Iran would be ‘the height of folly’, outgoing CIA chief John Brennan has said, and also warned the president-elect against cosying up to Vladimir Putin or authorising torture
Oil zooms above $50 a barrel on hopes of output deal
30 Nov 2016
The price rise results from a possible agreement by Russia to join an output cut; but a failure to reach an agreement could push oil below $25 a barrel, say analysts
Reliance Industries and GE form global IoT partnership
17 Nov 2016
RIL and GE will work together to provide industrial IoT solutions to customers in oil & gas, fertiliser, power, healthcare, telecom and other industries
Ministry probing ONGC, DGH role in KG gas migration issue
11 Nov 2016
The petroleum ministry has launched a probe into the role played by officials at ONGC and the Directorate General of Hydrocarbons for their alleged inaction on information about the state-owned firm's natural gas flowing into adjoining fields of Reliance in the Krishna-Godavari basin
RIL, partners hit with $1.55 bn demand over gas migration issue
05 Nov 2016
The government has slapped a $1.55 billion demand on Reliance Industries and its partners BP and Niko for "unfairly enriching" themselves by producing natural gas belonging to state-owned Oil and Natural Gas Corp
Study suggests some Los Angeles earthquakes due to oil production in early 20th century
02 Nov 2016
Historical sleuthing has turned up evidence for a possible link between oil production and a handful of damaging earthquakes that took place in the Los Angeles Basin during its oil boom in the early 20th century, according to a new study
GE to merge Baker Hughes to create a $30 bn oilfield services giant
31 Oct 2016
With $32 billion in combined revenues, and operations in over 120 countries, the “New” Baker Hughes will be the second-largest oilfield services provider
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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