Oil & gas

Canada's Nexen and Cnooc form Gulf of Mexico joint venture

01 Dec 2011

Petrol now cheaper by 65 paise a litre

01 Dec 2011

This is the second time in less than a fortnight that petrol prices have been cut.

Samsung C&T, KNOC to buy US-based Parallel Petroleum for$780 million

30 Nov 2011

Petrol price likely to be reduced further by Re1 a litre

29 Nov 2011

Canada's Nexen to sell 40-% stake in shale gas assets to Japan’s Inpex for C$700 mn

29 Nov 2011

RIL slaps arbitration notice on government

29 Nov 2011

RIL says the move to limit the amount of expenditure  that it could recoup from its flagging KG-D6 fields was illegal and outside the purview of the production sharing contract

China's Cnooc closes C$2.1-bn acquisition of oil sands operator Opti Canada

29 Nov 2011

Cnooc will get a 35-per cent stake in the project, which can produce 58,500 barrels of oil per day

Iraq signs $17-bn gas deal with Shell, Mitsubishi

28 Nov 2011

Essar Oil renews product pact with Indian Oil Corporation

25 Nov 2011

BP, IOC sign pact for setting up 1million tonne acetic acid plant

24 Nov 2011

Oilfield services firm Oceaneering to buy Norway’s ASA's unit for $240 mn

24 Nov 2011

Brazil suspends Chevron’s drilling, fines $27.6 million for causing oil spill

24 Nov 2011

Scotland’s Weir Group to acquire wellhead specialist Seaboard for $675 mn

24 Nov 2011

Petroleum ministry to cap RIL claim on expenses under production sharing

23 Nov 2011

Analysts say the move would be challenged by RIL and its new partner BP Plc and probably end up in arbitration

ONGC withdraws offer documents again “on technical grounds”

22 Nov 2011

Saudi Arabia to raise crude sales to India in 2012

22 Nov 2011

Suzlon wins GAIL order for 23 MW wind generation projects

21 Nov 2011

Ministry okays action against RIL for low gas output

21 Nov 2011

DGH gives clean chit to RIL’s D-6 gas capex: report

21 Nov 2011

Sinopec, Kuwait Petro building $9.3-bn petrochemical complex in China

19 Nov 2011

BP, RIL form India Gas Solutions for sourcing, marketing gas

18 Nov 2011

The joint venture company will also develop infrastructure to accelerate transportation and marketing of natural gas within the country.

Assam Gas Cracker project cost escalates over 53 per cent to Rs8,920 crore

17 Nov 2011

Oil trades at highest level even as US pump prices remain steady

17 Nov 2011

ConocoPhillips to sell two US pipeline assets for $2 billion

17 Nov 2011

BHP to invest $4.5 bn on shale gas assets development in 2012

16 Nov 2011

BHP will will spend $4.5 billion next year and another $50 billion over more than a decade on developing its shale gas assets