Gas Debt

• 

  Fundraising Spree for Reliance's Jio Platforms Values It at $65 Billion

  Reliance Industries, controlled by Asia's richest man Mukesh Ambani, was worth about $129 billion (roughly Rs. 9.87 lakh crores) as of Thursday's close. Jio Platforms' valuation puts it just ahead of the combined value of the conglomerate's oil, gas, and other businesses.

• 

  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.

• 

  Oil Firms Borrowed Billions. Now They're Getting Burned.

  He'd borrowed from banks and investors and retirement funds, all in a frenzied mission to drill for oil and gas, and by the time Terry Swift realized he'd gone too far, this was his debt: $1.349 billion. His company, founded by his father almost 40 years earlier, had plunged into bankruptcy and laid off 25 percent of its staff. Its shares had been ...

• 

  Greece, Lenders Clinch Bailout Deal After Marathon Talks

  Greece and its international lenders clinched a multi-billion-euro bailout agreement today after marathon talks through the night, officials said, raising hopes aid can be disbursed in time for a major debt repayment falling due in days.

• Russia Cuts Gas Supply to Ukraine as Tensions Soar

  Russia halted natural gas deliveries to Ukraine on Monday, spurning Ukraine's offer to pay some of its multibillion-dollar gas debt and demanding upfront payments for future supplies.

• Ukraine Declares Emergency in Energy Sector: Report

  Ukrainian Prime Minister Arseny Yatsenyuk on Monday declared a state of emergency in the energy sector after Russia suspended its natural gas supplies to the country.

• Vladimir Putin Says Russia 'Still Open' on Ukraine Gas Solution

  President Vladimir Putin said Thursday that Russia is "still open" to talks on Ukraine's gas debt, accusing the EU of failing to make specific proposals to help prevent a cut-off of supplies from next month.

• Russia writes off 90 per cent of North Korea debt, eyes gas pipeline

  Russia's parliament has agreed to write off almost $10 billion of North Korea's Soviet-era debt, in a deal expected to facilitate the building of a gas pipeline to South Korea across the reclusive state.

• Vladimir Putin threatens gas shutdown amid Ukraine standoff

  Russian President Vladimir Putin threatened on Thursday to cut off Ukraine's gas unless Europe drummed up the cash to cover its debts and ensure its own supplies in a flaring standoff over the splintered ex-Soviet state.

• Oil India raises $1 billion in overseas bond sale

  State-run oil and gas explorer Oil India (OIL) on Tuesday became the first Indian company to sell $1 billion worth of debt in its debut US dollar bond sale programme.

• Ukraine ends one pro-Russia occupation but armed protesters hold out

  Ukrainian police cleared pro-Moscow protesters from a regional administration building in a lightning night-time operation, but others held out in two more eastern cities on Tuesday in what Kiev says is a Russian-led plan to dismember the country.

• Oil India to borrow $900 million to refinance Mozambique stake loan: report

  Oil India Ltd (OIL) plans to raise $900 million in foreign debt to refinance a loan taken to fund its share of a stake in a super-giant Mozambique gas field acquired jointly with Oil and Natural Gas Corp (ONGC), according to a source with direct knowledge of the development.

• ONGC, Oil India unlikely to buy Petronas' stake in Venezuela: report

  ONGC may not want to up its share as it is already seeking to raise debt to fund recent acquisitions in Mozambique, one of the sources said. Another source said Oil and Natural Gas Corp is studying the possibility of buying Petronas' stake.

• Oil India to tap overseas markets to fund Mozambique block acquisition

  State-run explorer Oil India expects to raise 80-90 per cent of the $1 billion it has agreed to pay for a stake in a Mozambique offshore gas block through overseas debt, its CFO said on Monday.

• Petronet LNG plans to raise Rs 600 crore via non-convertible debentures

  Petronet LNG Ltd, India's biggest liquefied natural gas importer, plans to raise Rs 600 crore in debt to fund expansion of its Dahej LNG terminal in Gujarat.