Oil & gas
Halliburton to cut another 5,000 jobs to tide over
26 Feb 2016
When the lay-offs are effected, Halliburton would have cut its workforce by between 26,000 and 27,000 employees since the peak in 2014
Oil prices fall as producers waver on output cuts
24 Feb 2016
With oil producers more keen to cheat on agreements than implement them, Saudi Arabia has ruled out chances of production cuts by Opec or others to lift prices of oil
India to push 69 small oil, gas fields at US meet
20 Feb 2016
At the IHS CERAWeek, India will seek developers for its small and marginal gas discoveries under a new revenue sharing mechanism, abandoning the discredited production-sharing contract model
Oil rallies towards $35 as Iran welcomes output freeze
18 Feb 2016
While Iranian oil minister Bijan Zanganeh met counterparts from Venezuela, Iraq and Qatar on Wednesday and welcomed the move for output cuts, he did not commit to any capping of output
Russia, Saudi agree to oil output freeze
16 Feb 2016
The shock Russia-Saudi oil deal to freeze output has sent shock-waves through the market, pushing North Sea Brent prices down
Oil powers higher as produces flock to Doha for crucial meet
16 Feb 2016
Though Russia, which is outside the Opec and is the world's top crude oil producer, has long refused to cut output, it has now signalled that it is not averse to cooperating with Opec
UAE's Adnoc to store oil in India, give it two-thirds free
11 Feb 2016
Adnoc is looking for safe and close storage facility and is keen on taking half of the 1.5-million tonne Mangalore storage facility where it can store oil for trading
