Cairn India's $1.25 billion loan to its promoter group, which had spooked investors, was used by Vedanta Ltd to repay another inter-company loan taken for acquisition of the oil company.
Investors’s fears that Royal Dutch Shell will fail to complete its planned £43bn acquisition of BG Group have been exaggerated, Shell’s chief executive has said.
Royal Dutch Shell has been one of the many casualties of the tumbling oil price, with the “Brent crude” benchmark falling from $116 a barrel last June to trade at $48 this week.
Minister of Energy and Chairman of the Board of Directors of Tatweer Petroleum Dr. Abdul Hussain bin Ali Mirza received ExxonMobil Vice President for Business Development Dr. John Ardill and Senior Manager and Vice President for Finance at the World Petroleum Council.
Rig provider Rowan Companies said last week that it won three contract extensions from Saudi Aramco for three premium jack-up rigs.
State-owned Bangladesh Petroleum Exploration and Production Company Limited (Bapex) has selected four international oil and gas companies (IOCs) to jointly carry out exploration and development of several geological structures. (Dhaka Tribune)
It was exactly five years ago when British Petroleum faced its biggest crisis and today the British oil giant is still facing crisis. (TWS)
Chevron was upgraded by stock analysts at Deutsche Bank from a “neutral” rating to an “overweight” rating in MarketBeat reports. (DFN)
Eni, the Italian energy giant, announced Sunday that it has made a "world class supergiant gas discovery" at its Zohr Prospect, in the deep waters of Egypt. The discovery could hold a potential of 30tn cubic feet of lean gas in place, covering an area of about 100 square kilometres.
Brazilian police want to question former president Luiz In ácio Lula da Silva about corruption in state-controlled oil company Petrobras, in the clearest sign yet that the popular leader could be dragged into the country’s biggest ever graft inquiry.
The €37 billion ($59.1bn) French energy giant Engie Group is ramping up plans to expand further within the Australian market, as it snaps up TSC Group Holdings from Allegro Funds Management.
PT Pertamina (Persero) plans to release a new product, a non-subsidized LPG of 5.5 kg. Marketing Director of Pertamina, Ahmad Bambang, said the 5.5 kg LPG was planned to be marketed next month.
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