Oil & gas
Reliance, BG to transfer some assets of PMT JV to ONGC
13 Apr 2016
The development could help speed up development of ONGC’s Daman and C-26 cluster projects by three years
India eyes $20-bn investment in Iran’s Chabahar port, SEZ
11 Apr 2016
Indian oil companies are looking to invest up to $20 billion in the development of Iran's Chabahar port as they seek overseas expansion
Govt lets oil PSUs evolve crude import policy
06 Apr 2016
The union cabinet chaired by Prime Minister Narendra Modi today gave its approval to replace the existing policy on crude oil import by oil PSUs and vest the oil PSUs with the power to evolve their own policies
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
