Top Oil and Gas headlines of the day

Bharat Petroleum Corp Ltd (BPCL) has announced it will be investing a total of Rs 1,00,000 crore in the next five years for expansion and consolidation of its businesses.

Bharat Petroleum Corp Ltd (BPCL) has announced it will be investing a total of Rs 1,00,000 crore in the next five years for expansion and consolidation of its businesses. (The Indian Express)

Indian Oil Corporation Limited has informed the Exchange that the Comptroller & Auditor General of India (CAG) has appointed the following Statutory Auditors for IndianOil for the financial year 2015-16:-1. (MoneyControl)

Delhi High Court disposed of ONGC's petition accusing Reliance Industries Ltd (RIL) of deliberately disgorging natural gas worth Rs 30,000 crore from the PSU's well in the Krishna-Godavari (KG) basin (Business Today)

For a third time, the Public Enterprises Selection Board (PESB) could not select a new chairman and managing director of Oil India after interviewing the candidates. (The Financial Express)

Making matters worse for Petronet LNG Limited, which operates the only Liquefied Natural Gas (LNG) terminal in South India at Puthuvype, the Cochin Port Trust has increased the lease rent rates by almost 10 times.

The world's top oil exporter Saudi Aramco will open an office in India by the end of this year to help boost its crude sales in the world's fourth largest oil consuming nation, sources with knowledge of the matter said. (FirstPost)

Total SA has announced it has agreed to sell 50% plus one share in Geosel Manosque. Its stake shall be acquired by a consortium of investment companies; Ardian and EDF Invest.  (Bidness Etc)

Kuwait Petroleum Corp (KPC) is in talks with Indonesia's Pertamina to build an at least 200,000 barrels-per-day refinery in the Southeast Asian country as it aims to lock in buyers for its future oil supply, KPC's international marketing head said. (TradeArabia Business News)

GE and Mexico’s state-owned oil and gas company Petróleos Mexicanos (PEMEX) signed today a Memorandum of Understanding (MOU), as part of the GE’s quarterly meeting of its Corporate Executive Council in Crotonville, New York, with the presence of Pemex CEO, Emilio Lozoya Austin and GE’s Chairman and CEO, Jeff Immelt. (NewsWireToday)