Oil & gas
German utility RWE to sell oil and gas unit to Mikhail Fridman’s L1 Energy for $7.10 bn
18 Mar 2014
RWE Dea currently has stakes in more than 180 licences or concessions in oil and gas blocks in 14 countries and is the operator of almost half of them
Exxon and Shell in legal limbo as Crimea may join Russia
12 Mar 2014
Exxon and Royal Dutch Shell Plc had planned to spend $735 million drilling two wells, in a region that comes under Crimean waters
US pressures India to further cut Iranian oil imports
12 Mar 2014
India finds itself obliged to cut its oil imports from Iran by two-thirds from the first quarter of the financial year that begins in April, in keeping with the nuclear deal easing sanctions on Teheran
DGH failed to properly assess RIL gas discoveries: CAG
10 Mar 2014
CAG says the petroleum ministry and Director General Hydrocarbons approved RIL's gas discoveries in the KG-D6 block, without a proper appraisal by the company
IOC to buy 10% in Petronas’s Canadian shale-gas assets, LNG project for $900 mn
08 Mar 2014
Under the deal, IOC will get 1.2 million tonnes of LNG per annum, or 10 per cent of the Pacific Northwest LNG project's production, for a minimum period of 20 years
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