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How the Indian Navy rescued a ship from pirates
At about 6 am on Thursday, about 450 nautical miles off Mumbai, a merchant ship MV BBC Orinoco with a crew of 14 members, including five Ukrainians and nine Filipinos, reported to the Indian Navy......
Reliance eyeing Petronas stake in Venezuela project
Reliance Industries is looking at buying Petronas' 11 per cent stake in Venezuela's $20 billion Carabobo-1 project, a company official said. RIL, which had in 2009 dropped out of the winning bid......
RIL in talks with PdVSA to produce heavy oil
Reliance Industries is in talks with Venezuela's PdVSA to produce heavy oil in the South American OPEC nation, PdVSA, executive director Fadi Kabboul said on Wednesday. Venezuela's state oil......
30 countries with highest proven oil reserves
Oil reserve is an essential yardstick for measuring a country's economic prosperity. And proven oil reserves are those that claim to have a reasonable certainty (normally at least 90 per cent......
Oil majors sign deal for Venezuelan oil field
Indian flagship overseas explorer ONGC Videsh Ltd and its partners have signed an agreement to develop a $20 billion oil project in Venezuela that will give energy-deficient India 3.6 million......
RIL asked to join ONGC for Venezuela project
State-owned Oil and Natural Gas Corp (ONGC) may have won a large oil block in Venezuela but the Petroleum Ministry wants Reliance Industries to join the project to give stability to the venture.......
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