Oil & gas
US judge approves BP's $20-bn Gulf spill settlement
05 Apr 2016
A US federal judge granted final approval to the settlement over the 2010 Gulf of Mexico oil spill, which will cost BP an estimated $20.8 billion, making it the biggest environmental settlement in US history
Saudi to cut oil dependence, focus on investments
02 Apr 2016
Saudi Arabia plans to create a $2-trillion sovereign wealth fund for making investments in strategic financial and industrial assets across the world in a bid to shed its dependence on oil revenue
Oil slips again as US stockpiles hit 8-year high
31 Mar 2016
ONGC to invest around $5 billion in east coast oil and gas fields
28 Mar 2016
ONGC will invest about $5 billion over the next few years in its east coast oil and gas asset
Shell in move to offload North Sea oil assets
28 Mar 2016
ONGC’s $1.3-bn deal for stake in Rosneft’s subsidiary gets Russian govt nod
26 Mar 2016
While ONGC Videsh will raise its stake in the Vankor cluster in Siberia from 15 per cent to 26 per cent, Indian Oil Corp, Oil India and Bharat PetroResources will together pick up 23.9-per cent stake in Vankor field, taking the overall stake of Indian companies in the oil field to 49.9 per cent
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