The tiny, wealthy Persian Gulf state of Qatar will withdraw from Opec in January, the country’s energy minister said on Monday.
Anil Agarwal’s Cairn Oil & Gas is scouting for global partners to develop the 41 small and discovered blocks it won in the recent auction.
Great Eastern Energy Corporation Ltd (GEECL) plans to invest $2 billion in its Raniganj (south) block to explore shale gas. The block is estimated to have reserves of 1.4-6.63 trillion cubic feet (tcf).
Ever since the former president of the United States of America, Richard Nixon, delinked the US dollar from gold, the currency, paradoxically enough, turned into the dominant means of payment in world trade. The details of that story were discussed in this column and do not call for repetition. Suffice it to say that the…
Oil India Ltd has joined the list of PSU firms to come out with a share buyback programme. The oil and natural gas exploration company will purchase 5.04 crore of its shares for over Rs 1,085 crore.
A consortium of Indian Oil (IOC) and Adani Gas will invest Rs 1,200 crore in building infrastructure for city gas distribution in towns of east and west Burdwan. Groundbreaking for the work will start on November 22 and the initial infrastructure will be ready in two years.
State-run gas utility GAIL (India) and Gujarat Energy Transmission Corp (Getco) have moved the National Company Law Tribunal (NCLT), seeking rejection of ArcelorMittal’s Rs 42,000-crore takeover plan for Essar Steel, saying operational creditors have been left out in the proposal.
Iran’s armed forces will protect Iranian oil tankers against any threats, an Iranian military official said on Monday after the US called the ships a “floating liability” and warned ports operators not to allow them to dock.
Petronet LNG and ONGC Videsh are jointly in talks to buy a stake in Tellurian Inc’s proposed Driftwood project in Louisiana, Petronet’s managing director has said.
The US has allowed India to continue to buy oil from Iran after it agreed to cut the amount of crude oil imports by a third of the 2017-18 level.