OVL, along with global oil majors such as Royal Dutch Shell, ExxonMobil, Chevron, ConocoPhillips, British Petroleum, Total and China National Petroleum Corporation, is one of the 35 companies short-listed by the Iraqi government for the auction, which includes six oil-producing blocks with recoverable reserves of 40 billion barrels of oil, making it the largest such auction in the world.
Tournament host Tiger Woods has announced a strong field featuring five of the world's top 10 players for the year-ending Chevron World Challenge.
RIL's merger with RPL will mean non-issue of treasury stock worth Rs 26,000 crore, which means less headroom to raise funds. Since no treasury stock is going to be created, RIL will issue 69.2 million shares to RPL's ordinary shareholders. As a result, RIL's paid-up capital will increase to only Rs 1,643 crore from the present Rs 1,574 crore. This, in turn, will enhance the earning per share proportionately for RIL shareholders.
Reliance Industries is in talks with global energy majors, like British Gas of the UK, Chevron Corp of the US, Exxon and Shell for a possible stake sale in its Krishna-Godavari basin gas fields. RIL is looking for a strategic partner for its KG-D6 gas block to get deep sea exploration technology. The percentage of stake to be divested has not been firmed up & may depend on the value that the partner was bringing in. The block contains over 50trillion cubic feet of gas reserve
An Indian engineer, who was fired by her company after she complained of her senior's racist conduct, has been awarded $5.5 million (about Rs 22 crore) by a San Francisco federal jury. The jury found Kiran Pande's former employer Chevron liable for wrongful termination and retaliation and ruled that she be given roughly $3 million (about Rs 12 crore) for past and future economic losses, and $2.5 million (about Rs 10 crore) in punitive damages.
Oil and Natural Gas Corporation has lost out on a bid for an oil block in Angola to a Chinese-led consortium.
Walmart CEO Douglas McMillon came first in the CEOWORLD magazine's global ranking of the best chief executives across all industries for 2019.
This will be the mother of all outsourcing activities in India.
State-owned Oil and Natural Gas Corp is in talks to buyout US oil and gas producer Pogo Producing Co's stake in an offshore Thailand field.
Older workers are headed for the VRS exit in larger-than-expected numbers even as unrest stirs over unrevised wage settlements.
The company had assets in countries like Yemen, Peru, Oman, Myanmar, Columbia, East Timor, Kurdistan and Australia, but it exited almost all these blocks later as part of its portfolio rationalisation
Seeing the potential of shale gas, Reliance Industries moved early to secure a foothold in the Marcellus shale reserves in the US.
It's a packed 5-nation, 9-day, visit for Prime Minister Modi as he heads to Uzbekistan, Kazakhstan, Kyrgyzstan, Turkmenistan and Tajikistan, apart from Ufa in Russia.
'Biden's promise of returning to 'normalcy' after Trump appears to mean that the same old politicians, who are responsible for the 'endless wars' in Afghanistan, Iraq and Syria, are being brought out of the woodwork after four years,' notes Ambassador M K Bhadrakumar.
The company will wait for sizeable user base for better valuation.
Bohemian Rhapsody's crowd-pleasing nostalgia cheers Freddie Mercury's exhilarating sound and infectious power play with such all-out gusto, you WILL break free all over again, says Sukanya Verma.
He was billed as the next big thing in Dalit politics in Uttar Pradesh and a challenge for the Bahujan Samaj Party but Mayawati's party is least impressed by the exploits of Chandrasekhar Azad 'Ravan' let alone consider him a threat.
Prayas Jain has been arrested for allegedly buying secret documents.
Stake valued at $4 billion, against initial expectation of $4.5 billion
Cairn India is 25th on the list with 22.2 per cent CGR.
The major US indexes pared losses late in the session.
The S&P and Dow dipped the most in a day since September 28.
Reliance Industries has regained the top slot among Indian energy companies on the Platts global list
'Art Deco was the last of the truly international styles.'
RIL, as well as its partner Pioneer Natural Resources Co, are seeking a buyer for their stakes in Eagle Ford Midstream venture as they focus on shale oil production.
OVL had bid for two of the 10 shallow-water blocks that Myanmar had auctioned in December but drew a blank when the fields were awarded on March 26.
Famous homegrown faces wear India on their sleeves.
No one expects Nigeria to win, but by now everyone knows that shirt...
Monday's drop followed an 8.5 per cent slump in Chinese markets.
At present, in Myanmar, GAIL and IndianOil have a minority stake in a gas pipeline which goes to China, through South East Asia Gas Pipeline Company.
