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European shares near 3-month high; Lufthansa lifts GermanyThe pan-European STOXX 600 rose 1% in early deals to hit its highest level since March 9.- Global companies offer ONGC deepsea drilling rigs for KG gas findONGC is investing $5.07 billion for developing Cluster-II discoveries in KG-D5 block to flow natural gas from from June 2019 and oil by Mar...
- Oil discoveries at 70-year low signal supply shortfall aheadWith oil prices down by more than half since the price collapse two years ago, drillers have cut their exploration budgets to the bone.
- M&A deals in Asia-Pacific hit 4-yr low in Jan-Mar 2013: ReportM&A deals announced during the January-March period of this year in the Asia-Pacific region fell to 453 worth $ 64.5 billion from 484 deals.
- US sues big oil traders for 2008 manipulationU.S. regulators launched one of the biggest ever crackdowns on oil price manipulation on Tuesday, suing two well-known traders and two trad...
- Petrobras is near deals on 15 to 17 rigsBrazil's state oil company Petrobras is close to issuing letters of intent for as many as 17 new offshore drilling rigs.
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