Norwegian oil major Statoil and Brazil's Petrobras have quit Oil and Natural Gas Corporation's KG basin gas block over government delays in approving their participation in the deepwater acreage.......
Statoil of Norway has declined Oil and Natural Gas Corporation's offer of equity in five deep sea oil and gas exploration blocks."Statoil executive vice president Peter Mellbye has informed us that......
Market breadth continued to remain weak with 1,842 losers and 794 gainers on the BSE. Benchmark share indices extended losses for the fifth straight day to end at their lowest closing levels in......
Image: RIL chairman Mukesh Ambani. Photograph: Reuters Among the 124 global companies evaluated on various aspects of transparency, two Indian firms, Reliance Industries and Oil & Natural Gas......
Despite losing out in competitive bidding, ONGC Videsh Ltd, the overseas arm of state explorer Oil and Natural Gas Corp, may still get a stake in a deep-sea block in Myanmar. OVL had bid for two of......