Oil & gas
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
Baker Hughes, GE in oil-field services partnership talks
28 Oct 2016
Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry
India, Iran set February deadline for Farzad-B gas field deal
26 Oct 2016
The Farzad-B gas field, which will be developed by a consortium led by ONGC Videsh, is estimated to have in-place reserves of 18.75 trillion cubic feet of gas
HollyFrontier in advanced talks to buy Suncor Energy’s Petro-Canada lubricants unit for $1 bn
24 Oct 2016
ICICI, Axis, StanChart get back $2.5 bn of Essar loans
22 Oct 2016
ICICI Bank and Axis Bank, which together have an exposure of $1.5 billion in the Ruias-led group, got back $450 million while StanChart with a higher exposure of $3.3 billion received $2.1 billion in cash
Reliance Industries reports Rs7,206-cr net profit for Q2
20 Oct 2016
The refiner said gross refining margin contracted to $10.1 a barrel in the September 2016-17 quarter from $10.6 a barrel in the year-ago quarter
