Oil & gas
Govt unveils uniform licensing policy for hydrocarbon sector
11 Mar 2016
Among its other decisions, the union cabinet also decided to cancel the award of Ratna offshore field to Essar Oil Limited and assign it to the original licensee, ONGC
Shell plans to sell assets worth $30 bn
09 Mar 2016
Shell Plc is planning to sell assets worth $30 billion in a bid to bolster its balance sheet, which ratings agency Fitch downgraded after the Anglo-Dutch oil giant completed its $49-billion acquisition of BG Group last month
Exxon Mobil’s Canadian unit Imperial Oil to sell remaining Esso fuel stations for $2.1 bn
09 Mar 2016
Oil nears $40-a-barrel on demand hopes, tighter supplies
07 Mar 2016
Crude prices gained from a combination of factors, including brightening of global demand outlook, tightening supplies and covering of short positions by traders amidst bets on rising prices
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