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Big Oil bets that green hydrogen is the future of energy"The oil majors have been building multibillion-dollar projects since forever," said Julien Rolland, head of power and renewables at commod...- Rosneft-backed Nayara Energy put under credit watch: CARE Ratings"CARE Ratings has placed the long-term ratings of Nayara on 'credit watch with negative implications' on account of the Russian invasion of...
- Europe’s banks fall out of love with commodity tradersFor the past half century, a small group of European banks has financed the trade in natural resources, forging a symbiotic relationship wi...
- Forgers are forcing a $9 trillion business into the digital ageCyber-crime is also an increasing threat as fraudsters become more sophisticated, according to Collins at TradeCloud, which uses blockchain...
- Everyone's a metals bull as the global economic engine fires upIndustrial metals have rallied sharply since the middle of the year.
- No plans to sell Stanlow refinery, says EssarSited on a 770-hectare industrialised area of Ellesmere Port, Cheshire, Stanlow supplies 16 per cent of all road transport fuels in the UK,...
- Ruias strike complex royalty deal with new owners of Essar OilThe Essar-Rosneft deal is believed to be in the final stage. With Essar Oil about to change hands, Ruias are keen to retain their hold on E...
- Essar offers to prepay LIC to save Rosneft dealEssar has sent a prepayment notice to LIC and is negotiating the prepayment penalty with the institution, a person familiar with the matter...
- Commodity traders lament world where everybody knows everythingIt’s critical for traders to evolve as margins have declined because of more transparency.
- Few lenders delay Essar Oil's $12.9 billion sale, India's largest FDI dealAn Essar official said: "The parties are working towards obtaining requisite approvals to complete the transaction. We hope deal will be co...
- LIC demands dues from Essar to give clearance to Rosneft-Essar dealThe state-owned life insurer has spelt out that it would issue a ‘no-objection certificate’ (NoC) for the $13-billion deal only after Essar...
- Trump uncertainty, doubt over output cut to take oil prices on a bumpy ride: Vitol“I think this market is going to be very volatile,” Kho, the president of Vitol Asia Pte., said in an interview. “People are worrying about...
- Rosneft looks to complete Essar Oil deal in 'next few weeks'The acquisition is the biggest in India and largest outbound deal for Russia. The all cash deal was expected to close in first quarter of 2...
- CCI approves Rosneft buyout of Essar OilAs earlier reported in the ET, this deal will see the Essar Group cutting their Rs 1.25-1.3 lakh crore group-wide debt by more than half.
- Essar not exiting oil & gas business: Prashant RuiaEssar signed agreements on Saturday to sell 49 per cent in the 20 million tons a year Vadinar refinery in Gujarat, the adjacent port and ov...
- Rosneft deal: Billionaire Ruia brothers' stake in Essar Oil may fall below 10%Rosneft to acquire 49%, Trafigura 24% at around $6-billion equity valuation; third investor likely; announcement expected at BRICS meet
- Biggest oil traders see another year of pain as glut persistsOil prices are likely to stay around current levels "for the next two years,” said Christoph Ruehl, chief economist at the $800 billion Abu...
- Essar said to be in asset sale spat with IDFC private equityThe group’s Essar Power Ltd. unit is in arbitration with IDFC’s India Infrastructure Fund over disagreements on plans to sell the Vadinar p...
- Oil traders scrape bottom of the barrel to seek out new fortuneWhile there’s no shortage of bitumen, world’s largest traders are jumping in as the shift in production locations and increased demand crea...
- Nagarjuna Oil Corporation Ltd to commission Cuddalore refinery by 2015-endThe project was originally planned to be commissioned in 2012 but was delayed due to cyclone that hit east coast two years back.
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