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Saudi Aramco To Raise $8 Billion From Five-Part Bond Deal
The move is part of an onslaught on international debt markets by Gulf issuers seeking to plug finances hit by the pandemic and weak oil prices, which has pushed regional issuance past last year's record to surpass $100 billion.
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Exxon To Invest $20 Billion On US Gulf Coast Refining Projects
Exxon last month pledged to boost this year's spending by 16 per cent to expand operations, especially in shale production, after the company posted a better-than-expected quarterly profit, helped by rising oil prices and lower costs.
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Oil Price Slump Hits Demand In Gulf Sector: Jet Airways
Jet Airways recorded a nearly 70 per cent plunge in net profit at Rs 142.38 crore in the December quarter, as higher fuel expenses and other costs took a toll on its bottom line.
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Qatari Bank Trio In Talks For Potential $44 Billion Merger
If the deal goes ahead, it would be a rare example of consolidation among banks in the Gulf, which have previously been reluctant to tie up but are facing challenging conditions due to the impact of lower oil prices on the region's economies.
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Abu Dhabi Lays Off Staff As Gulf Austerity Tightens: Report
Thousands of layoffs at state-linked companies in Abu Dhabi are a fresh sign the Gulf's wealthy oil states are hunkering down for a long period of austerity as low crude prices pressure their economies.
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Reliance Industries Buys Iranian Oil After 6-Year Hiatus
Reliance Industries Ltd (RIL) has bought crude oil from Iran after a break of 6 years and is looking to strike a long-term fixed quantity deal, after lifting of sanctions against the Persian Gulf country.
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Government Offers Stakes to UAE in Petro Projects
The government has offered the United Arab Emirates (UAE) stakes in petrochemical plants and refinery projects as it seeks to boost energy ties with the cash-rich Gulf nation.
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Indian Firms Could Invest $20 Billion in Tehran: Oil Minister
Stepping up its energy ties with Iran, India has lined up $20 billion as investment in oil and gas as well as petrochemical and fertiliser projects in the Persian Gulf country subject to provision of concessional rights.
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US Announces $20 Billion Resolution With BP Over 2010 Oil Spill
The United States on Monday announced a more than $20 billion settlement of federal and state claims against BP PLC over its deadly Gulf of Mexico oil spill five years ago.
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India to Pay $700 Million to Iran on October 12: Report
India will on October 12 pay another $700 million to Iran to clear part of past oil dues - the second payment since the Persian Gulf nation reached a historic nuclear deal with western powers.
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BP Misses Q2 Profit Forecast on Spill Charge
BP's second-quarter profits missed expectations on Tuesday after the British oil and gas company took a $9.8 billion pretax charge related to a settlement of the 2010 Gulf of Mexico spill.
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BP to Pay $18.7 Billion for Deepwater Horizon Oil Spill
An $18.7 billion settlement announced Thursday of all federal, state and local claims against the oil giant BP arising from the 2010 Gulf of Mexico oil spill would be the largest environmental settlement.
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BP Wins Right to Appeal Some Gulf Spill Damages Claims
A US federal appeals court said on Friday that BP Plc deserves the right to appellate review of some damage claims awarded to people and businesses in connection with the 2010 Gulf of Mexico oil spill.
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2 Killed, 13 Injured in Explosion at Gulf Oil Corporation Ltd in Hyderabad
Two people were killed and 13 others were injured in an explosion that happened on Monday evening in a shed of the detonators unit of Indian Detonators Ltd Gulf Oil company, located on the outskirts of Hyderabad.
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UAE-based Gulf Petrochem Makes Open Offer to Buy up to 26% Stake in Sah Petro
Gulf Petrochem Group, a UAE-based player in oil space, on Wednesday said it has made an open offer to acquire an up to 26 per cent stake in Sah Petroleums Ltd, a manufacturer of industrial and automotive oil lubricants in India, from its public shareholders.
-
Saudi Aramco To Raise $8 Billion From Five-Part Bond Deal
The move is part of an onslaught on international debt markets by Gulf issuers seeking to plug finances hit by the pandemic and weak oil prices, which has pushed regional issuance past last year's record to surpass $100 billion.
-
Exxon To Invest $20 Billion On US Gulf Coast Refining Projects
Exxon last month pledged to boost this year's spending by 16 per cent to expand operations, especially in shale production, after the company posted a better-than-expected quarterly profit, helped by rising oil prices and lower costs.
-
Oil Price Slump Hits Demand In Gulf Sector: Jet Airways
Jet Airways recorded a nearly 70 per cent plunge in net profit at Rs 142.38 crore in the December quarter, as higher fuel expenses and other costs took a toll on its bottom line.
-
Qatari Bank Trio In Talks For Potential $44 Billion Merger
If the deal goes ahead, it would be a rare example of consolidation among banks in the Gulf, which have previously been reluctant to tie up but are facing challenging conditions due to the impact of lower oil prices on the region's economies.
-
Abu Dhabi Lays Off Staff As Gulf Austerity Tightens: Report
Thousands of layoffs at state-linked companies in Abu Dhabi are a fresh sign the Gulf's wealthy oil states are hunkering down for a long period of austerity as low crude prices pressure their economies.
-
Reliance Industries Buys Iranian Oil After 6-Year Hiatus
Reliance Industries Ltd (RIL) has bought crude oil from Iran after a break of 6 years and is looking to strike a long-term fixed quantity deal, after lifting of sanctions against the Persian Gulf country.
-
Government Offers Stakes to UAE in Petro Projects
The government has offered the United Arab Emirates (UAE) stakes in petrochemical plants and refinery projects as it seeks to boost energy ties with the cash-rich Gulf nation.
-
Indian Firms Could Invest $20 Billion in Tehran: Oil Minister
Stepping up its energy ties with Iran, India has lined up $20 billion as investment in oil and gas as well as petrochemical and fertiliser projects in the Persian Gulf country subject to provision of concessional rights.
-
US Announces $20 Billion Resolution With BP Over 2010 Oil Spill
The United States on Monday announced a more than $20 billion settlement of federal and state claims against BP PLC over its deadly Gulf of Mexico oil spill five years ago.
-
India to Pay $700 Million to Iran on October 12: Report
India will on October 12 pay another $700 million to Iran to clear part of past oil dues - the second payment since the Persian Gulf nation reached a historic nuclear deal with western powers.
-
BP Misses Q2 Profit Forecast on Spill Charge
BP's second-quarter profits missed expectations on Tuesday after the British oil and gas company took a $9.8 billion pretax charge related to a settlement of the 2010 Gulf of Mexico spill.
-
BP to Pay $18.7 Billion for Deepwater Horizon Oil Spill
An $18.7 billion settlement announced Thursday of all federal, state and local claims against the oil giant BP arising from the 2010 Gulf of Mexico oil spill would be the largest environmental settlement.
-
BP Wins Right to Appeal Some Gulf Spill Damages Claims
A US federal appeals court said on Friday that BP Plc deserves the right to appellate review of some damage claims awarded to people and businesses in connection with the 2010 Gulf of Mexico oil spill.
-
2 Killed, 13 Injured in Explosion at Gulf Oil Corporation Ltd in Hyderabad
Two people were killed and 13 others were injured in an explosion that happened on Monday evening in a shed of the detonators unit of Indian Detonators Ltd Gulf Oil company, located on the outskirts of Hyderabad.
-
UAE-based Gulf Petrochem Makes Open Offer to Buy up to 26% Stake in Sah Petro
Gulf Petrochem Group, a UAE-based player in oil space, on Wednesday said it has made an open offer to acquire an up to 26 per cent stake in Sah Petroleums Ltd, a manufacturer of industrial and automotive oil lubricants in India, from its public shareholders.
