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BPCL, Videocon JV discovers oil in Brazil

 State-owned Bharat Petroleum Corporation Limited and Videocon Industries on Friday said an oil discovery has been made in their deep sea block off Brazil.Oil was struck in the BM-SEA-11 block in......

ONGC inks swap deal with Brazil's Petrobras

 Oil and Natural Gas Corporation has offered Brazilian oil firm Petroleo Brasileiro SA (Petrobras) a stake in its east coast blocks in exchange for getting a 15 per cent stake in a Brazilian......

NELP VI may throw up new ties

 The auction of oil blocks under NELP VI, for which bidding closed on Thursday, could see the emergence of some new partnerships and players in India's upstream sector.Mukesh Ambani's Reliance......

BPCL, Petrobras, Foresight ink 3-way pact

 BPCL has signed memorandum of understanding with Petroleo Brasileiro SA (Petrobras) and Foresight Oil Ltd for cooperation in upstream, midstream and downstream activities. For the marketing......

ONGC in talks with ExxonMobil for KG basin block

 Oil and Natural Gas Corp (ONGC) is in talks with super majors like ExxonMobil to replace Norway's Statoil and Petrobras of Brazil who have decided to quit its KG basin gas block. "We are talking......

Rio Olympic: 1st allegation of corruption crops up

 Bribe paid to get funds for Rio Olympic project IMAGE: Japan's Yuka Sato, left, and Ireland's Aileen Reid during the women's triathlon ITU World Olympic Qualification Event at Copacabana beach,......

Brazil's Andrade Gutierrez to admit World Cup bribes: Folha paper

 One of Brazil's largest builders, Andrade Gutierrez, will confess to paying bribes for 2014 FIFA World Cup contracts and business with state-run companies Petrobras and Eletrobras, a newspaper......

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