The Indian Navy, which regards itself as the 'net security provider' in the Indian Ocean Region, has also stepped up to the plate, with a warship stationed at all times off the Gulf of Aden for counter-piracy tasks. 91 Indian warships have been deployed in the region since 2008, patrolling high risk areas where piracy was rampant.
East Bristol Auctions in Hanham, south-west England, said on Sunday that they were pleasantly surprised to find that the spectacles, dropped through their letterbox in an envelope, may have such a rich history behind it.
The auction house said that the lot had attracted interest from all over the world, including bids from India, Qatar, American, Russia, Canada.
The billion dollar penalty of the kind imposed on BP will not deter risky operations but it will hopefully create an incentive for stricter safety measures.
The companies are in talks with Shell, Petronet LNG to book capacity
Energy efficiency has a big role to play in estimates of current and future usage.
The US has filed a civil lawsuit against British Petroleum and nine other companies in the country's worst-ever oil spill off the Mexican Gulf that resulted in considerable environmental damage and badly affected the economy of the coastal states.
The BSE market breadth was positive. Out of 3,004 stocks traded, 1,605 advanced while 1,277 declined.
There is an urgent need for a Joint Parliamentary Committee to examine the current liability regime besides a high-powered trans-disciplinary independent experts committee to study the issue, says Gopal Krishna.
The world's biggest filmmaker has offered his fleet of private submarines to BP (formerly British Petroleum), to assist the company in stopping the massive oil flow threatening the Gulf of Mexico, caused by its leaking oil rig, the Deepwater Horizon.
The company is already in talks with Indian oil refiners to buy paraxylene which is developed from naphtha, a refining byproduct. The company plans to use paraxylene as a raw material to make purified terephthalic acid (PTA), a petrochemical product used in polyester and plastic.
According to The New York Post, sources close to BP have revealed that there was a growing expectation that Hayward would announce his departure in late August or September.
Insiders say that BP is planning a containment cap.
As per contractual terms, Hayward will walk away with nearly a 15 million pounds pay off, including a million pound as salary, share options worth 2.7million pounds and a 10.8 million pounds pension pot.
Oil Minister Murli Deora flew into the Vietnamese Capital this morning with heads of bluechip Indian oil firms to lay a claim with Hanoi on BP's stake in two offshore gas fields, a pipeline and power project -- together referred as Nam Con Son, Vietnam's largest gas project.
Despite the initial success in tamping down the oil flow, no-one is giving the all clear signal just yet and the testing for oil pressure will continue for two days.
TCS, Infy, Wipro among those that have bagged a five-year deal.
Meanwhile, in a statement, BP also said that the huge oil spill had so far cost the company $350 million.
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.
The Cabinet Committee on Economic Affairs on Friday cleared award of four Coal Bed Methane (CBM) blocks to an Anil Dhirubhai Ambani Group-led consortium and three blocks to a consortium led by Australia's Arrow Energy.
The newly set up Petroleum and Natural Gas Regulatory Board has received over 100 applications from domestic and foreign companies interested in supplying gas to domestic households and vehicles in cities.
Launching a major global initiative for attracting foreign investment in the hydrocarbon sector, India on Monday held a roadshow in London for auctioning 55 oil and gas exploration blocks.
British Petroleum chairman Sir John Browne is likely to visit India next month to explore oil and gas opportunities in Asia's third largest economy.
In an attempt to hold on to its exploration blocks in the Krishna-Godavari basin, Oil and Natural Gas Corporation is in talks with British Gas (BG) and British Petroleum (BP) for joint exploration in four offshore blocks in the region.
However, supermajors Chevron, ExxonMobil and Conoco Philips of US, who were expected to partner Reliance Industries, did not participate.
Hindustan Petroleum Corporation Ltd and British oil giant British Petroleum will decide on signing a binding agreement for a new refining and marketing joint venture vehicle to build a nine million tonne refinery at Bhatinda in Punjab by November 12.
State-run gas firm GAIL (India) Ltd on Wednesday said it was talking to the Indian lenders of the Dabhol Power Company to takeover the 2,184 MW power plant and the adjoining LNG import facility in Maharashtra.
Global oil major British Petroleum and French oil giant Total are eyeing equity in Hindustan Petroleum Corp's Rs 8,336 crore
State-run gas firm Gas Authority of India Ltd has joined hands with Tata Power Co Ltd and British Petroleum to bid as a group for bankrupt US energy firm Enron Corp's Dabhol power plant and LNG import terminal in Maharashtra.
ONGC Videsh, the overseas arm of state-owned Oil and Natural Gas Corporation, is seeking to regain operatorship of offshore gas block in Vietnam, which started gas production last month.
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