Oil & gas
Govt asks RIL to surrender over 80% of KG-D6 gas block
30 Oct 2013
RIL and its partners BP plc of UK and Canada's Niko Resources will have to return over 80 per cent of the exploration area under the KG-D6 gas block, including five discoveries
Panel recommends hike in prices of diesel, LPG and kerosene
30 Oct 2013
An expert group has recommended increases of Rs5 per litre of diesel, Rs4 per litre of kerosene and Rs250 per cylinder of domestic LPG, and limiting the quota of subsidised LPG to households at 6 cylinders a year.
CNPC close to buying Petrobras’ Peruvian assets for over $2 bn
30 Oct 2013
Brazilian state-owned oil giant Petrobras is raising funds for its massive $236-billion exploration and expansion plan, which could allow it to overtake the output of all OPEC members except Saudi Arabia
