Oil & gas
Petrobras to sell majority stake in oilfield block to Norway's Statoil for $2.5 bn
01 Aug 2016
Brazilian oil giant Petrobras is selling its majority stake in one of its largest oil and gas prospects to Norway's Statoil to lower its massive $130-billion debt
India-US team finds huge gas hydrate deposits in KG Basin
27 Jul 2016
The petroleum ministry and the US Geological Survey made the discovery of large, highly enriched accumulations of natural gas hydrate that has the potential to be producible
