Oil & gas
IOC to invest up to Rs1.8 trillion across verticals over 6 years
15 Sep 2016
Indian Oil Corp is in talks with foreign entities to co-invest in its projects which include refinery expansions, new exploration blocks, and setting up a mega refinery in coastal Maharashtra
Anadarko to buy Freeport McMoRan’s Gulf of Mexico assets for $2 bn
14 Sep 2016
Anadarko said the deal will more than double its acreage in the Lucius development to approximately 49 per cent and add approximately 80,000 net barrels of oil equivalent per day, more than 80 per cent of which is oil
India, Russia explore feasibility of gas pipeline
14 Sep 2016
An industry level working group led by Gazprom, biggest Russian gas company, and a consortium of Indian oil and gas companies is studying the feasibility of a gas pipelines for direct gas delivery from Russia to India
Cairn India shareholders agree to merger with Vedanta
13 Sep 2016
Financial institutions, including Life Insurance Corporation of India holding about 12.63 per cent of Cairn India shares, did not vote at the court-convened shareholders meet on Monday
Crude prices drop 1.5% as US rig count increases
12 Sep 2016
The successive price falls support the idea that oil will continue to bounce off the $50 per barrel mark and effectively proves "the dynamic of shale oil"
