Oil & gas
Oil reverses 2 days of decline, but OPEC still worried
15 Mar 2018
The oil cut by OPEC, Russia and several other non-OPEC producers, but not the United States, has helped boost oil prices, which topped $71 a barrel this year for the first time since 2014 and were near $65 on Wednesday, which has been negated by a flood of shale oil
Debt-laden Videocon hopes to raise Rs30,000 cr via Brazilian oil assets sale
09 Mar 2018
Videocon CMD Venugopal Dhoot said in separate interviews that the conglomerate hopes to raise Rs30,000 crore by selling oil blocks in Brazil to repay lenders, and that he has no intention of fleeing the country
With GAIL locked in as CBM buyer, Essar Oil now eyes shale gas
06 Mar 2018
Essar Oil, which was finding it difficult to sell its coal-bed methane gas, is set to sign a deal with GAIL with an assured offtake for 15 years, and is now looking at shale gas extraction from its Rajiganj coalfields
Oil-eating microbes are challenged in the Arctic
21 Feb 2018
Bacteria play a major role in cleaning up oil spills and mitigating its environmental impacts. A new review examines the major limiting factors for microbial degradation in Arctic environments
Blast on ONGC ship at Cochin Shipyard kills 5, injures 11
13 Feb 2018
The blast occurred around 10:45 am onboard Sagar Bhushan, when the oil tank of the drilling ship belonging to Oil and Natural Gas Corporation that was berthed for repair burst during repairs
ONGC-led group buys 10% stake in Abu Dhabi oilfield for $600 mn
12 Feb 2018
The investment by ONGC follows ADNOC signing a deal last year to store about 6 million barrels of oil at India’s Mangalore storage site, signalling increased cooperation in oil sector investments by India and the UAE
Consortium led by ONGC to get 10% stake in Abu Dhabi oil field
10 Feb 2018
A consortium led by India’s Oil and Natural Gas Corp will sign a contract today to acquire a stake in the offshore oil concession of state-owned Abu Dhabi National Oil Company
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