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Shell Net Profit Dives 71% On Low Oil Prices
Royal Dutch Shell's net profit collapsed 71 per cent in the second quarter on the back of ultra-low oil prices, the British energy giant said on Thursday.
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Shell Seeks $2 Billion From Aramco In Motiva Joint Venture Breakup
Royal Dutch Shell has asked Saudi Aramco for up to $2 billion as part of the breakup of their giant Motiva Enterprises refining joint venture in the United States, the latest stumbling point in a partnership fraught with tension.
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Shell To Exit Up To 10 Countries In Cost Cutting Drive After BG Deal
Royal Dutch Shell will exit oil and gas operations in up to 10 countries in a drive to deepen cost cuts as it weathers weak oil prices and has to pay down debt following its $54 billion acquisition of BG Group.
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Shell To Cut 2,200 More Jobs In Face Of Weak Oil Prices
Royal Dutch Shell will cut a further 2,200 jobs, taking its target for layoffs to 12,500 by the end of the year, the Anglo-Dutch oil firm said on Wednesday, as it cuts deeper in the face of weak oil prices.
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ONGC Takes Over Tapti Assets From BG, Reliance Industries
State-owned Oil and Natural Gas Corp (ONGC) has taken over a part of the abandoned assets of the western offshore Tapti gas field from its joint venture partners Reliance Industries and BG and will use it to produce gas from its Daman fields.
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As Big Oil Shrinks, Boards Plot Different Paths Out of Crisis
As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades, boards have adopted contrasting strategies to lead them out of the crisis.
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Can Make BG Deal Work Despite Weak Oil Price: Shell
Royal Dutch Shell sought to ease investor concerns over its planned $70-billion takeover of BG Group, announcing plans for further benefits and cost cuts aimed at making the deal work with oil prices in the mid-$60s a barrel.
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GAIL Launches Tenders for up to 17 LNG Cargoes: Report
State-run GAIL (India) Ltd has launched two tenders for up to 17 cargoes of liquefied natural gas (LNG) for delivery in western India, two trade sources said.
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Mega-Merger Helps Drive European Stocks to 8-Year High
European shares clawed their way to an eight-year high on Wednesday, driven by a $70 billion mega-deal in the oil and gas sector that added to a flurry of merger and acquisition (M&A) activity that has gripped investors this week.
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Shell Challenges Exxon Dominance with $70 Billion Bid for BG
Royal Dutch Shell agreed to buy smaller rival BG Group for 47 billion pounds ($70.2 billion) in the first major energy industry merger in more than a decade, closing the gap on market leader US ExxonMobil after a plunge in prices.
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Shell to Buy BG Group in $70 Billion Deal
Royal Dutch Shell said on Wednesday it had agreed to buy BG Group for 47 billion pounds ($70 billion) in a bid to close the gap on the world's biggest oil major, US ExxonMobil.
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Mahanagar Gas to Raise Around $130 Million via IPO: Report
Mahanagar Gas, a joint venture between GAIL (India) Ltd and U.K's BG Group PLC, has hired Kotak Mahindra Capital and Citigroup to manage the initial public offering (IPO), the sources added.
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Oil Ministry Says $5.6 Billion Production Loss at Panna-Mukta, Tapti Fields: Report
The Oil Ministry has informed the Prime Minister's Office (PMO) that a consortium-led by BG Group had caused a production loss of $5.6 billion in western offshore Panna/Mukta and Tapti oil and gas fields by not completing a committed work programme.
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Government Gets Profit of $7.05 Billion From Rajasthan Fields in 3 Fiscal Years
Cairn India has paid government $7.05 billion in profit petroleum from its Rajasthan oil fields in the last three fiscals, accounting for 60 per cent of the profit petroleum government earned from private fields.
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Infosys President Srinivas to Join Hong Kong-based PCCW
Infosys president and board member B.G. Srinivas, who resigned on Wednesday, will be joining Hong Kong-based information and communications technology PCCW as its group managing director with effect from July 14, 2014.
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Shell Net Profit Dives 71% On Low Oil Prices
Royal Dutch Shell's net profit collapsed 71 per cent in the second quarter on the back of ultra-low oil prices, the British energy giant said on Thursday.
-
Shell Seeks $2 Billion From Aramco In Motiva Joint Venture Breakup
Royal Dutch Shell has asked Saudi Aramco for up to $2 billion as part of the breakup of their giant Motiva Enterprises refining joint venture in the United States, the latest stumbling point in a partnership fraught with tension.
-
Shell To Exit Up To 10 Countries In Cost Cutting Drive After BG Deal
Royal Dutch Shell will exit oil and gas operations in up to 10 countries in a drive to deepen cost cuts as it weathers weak oil prices and has to pay down debt following its $54 billion acquisition of BG Group.
-
Shell To Cut 2,200 More Jobs In Face Of Weak Oil Prices
Royal Dutch Shell will cut a further 2,200 jobs, taking its target for layoffs to 12,500 by the end of the year, the Anglo-Dutch oil firm said on Wednesday, as it cuts deeper in the face of weak oil prices.
-
ONGC Takes Over Tapti Assets From BG, Reliance Industries
State-owned Oil and Natural Gas Corp (ONGC) has taken over a part of the abandoned assets of the western offshore Tapti gas field from its joint venture partners Reliance Industries and BG and will use it to produce gas from its Daman fields.
-
As Big Oil Shrinks, Boards Plot Different Paths Out of Crisis
As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades, boards have adopted contrasting strategies to lead them out of the crisis.
-
Can Make BG Deal Work Despite Weak Oil Price: Shell
Royal Dutch Shell sought to ease investor concerns over its planned $70-billion takeover of BG Group, announcing plans for further benefits and cost cuts aimed at making the deal work with oil prices in the mid-$60s a barrel.
-
GAIL Launches Tenders for up to 17 LNG Cargoes: Report
State-run GAIL (India) Ltd has launched two tenders for up to 17 cargoes of liquefied natural gas (LNG) for delivery in western India, two trade sources said.
-
Mega-Merger Helps Drive European Stocks to 8-Year High
European shares clawed their way to an eight-year high on Wednesday, driven by a $70 billion mega-deal in the oil and gas sector that added to a flurry of merger and acquisition (M&A) activity that has gripped investors this week.
-
Shell Challenges Exxon Dominance with $70 Billion Bid for BG
Royal Dutch Shell agreed to buy smaller rival BG Group for 47 billion pounds ($70.2 billion) in the first major energy industry merger in more than a decade, closing the gap on market leader US ExxonMobil after a plunge in prices.
-
Shell to Buy BG Group in $70 Billion Deal
Royal Dutch Shell said on Wednesday it had agreed to buy BG Group for 47 billion pounds ($70 billion) in a bid to close the gap on the world's biggest oil major, US ExxonMobil.
-
Mahanagar Gas to Raise Around $130 Million via IPO: Report
Mahanagar Gas, a joint venture between GAIL (India) Ltd and U.K's BG Group PLC, has hired Kotak Mahindra Capital and Citigroup to manage the initial public offering (IPO), the sources added.
-
Oil Ministry Says $5.6 Billion Production Loss at Panna-Mukta, Tapti Fields: Report
The Oil Ministry has informed the Prime Minister's Office (PMO) that a consortium-led by BG Group had caused a production loss of $5.6 billion in western offshore Panna/Mukta and Tapti oil and gas fields by not completing a committed work programme.
-
Government Gets Profit of $7.05 Billion From Rajasthan Fields in 3 Fiscal Years
Cairn India has paid government $7.05 billion in profit petroleum from its Rajasthan oil fields in the last three fiscals, accounting for 60 per cent of the profit petroleum government earned from private fields.
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Infosys President Srinivas to Join Hong Kong-based PCCW
Infosys president and board member B.G. Srinivas, who resigned on Wednesday, will be joining Hong Kong-based information and communications technology PCCW as its group managing director with effect from July 14, 2014.
