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European shares poised for weekly gains on media, retail boostEurozone government bond yields were set to close the week higher as investors balanced recession fears against comments from European Cent...- UAE approves mega gas project weeks ahead of COP28ADNOC, the Emirati energy company, has awarded contracts worth $16.9 billion to build a gas project in the Hail and Ghasha offshore fields....
- Companies sell their businesses in RussiaBelow are some of the companies by sector that have secured deals to sell their businesses in Russia:
- BASF to cut 2,600 jobs, flags earnings declineBASF, which in October last year laid out plans to cut annual costs in Europe by 500 million euros, specified on Friday that this would tra...
- ONGC Videsh, Prudent ARC make binding offers for Venugopal Dhoot's VOVLLenders led by the State Bank of India are hoping to recover at least one-third of loans or ₹9,000 crore-₹10,000 crore given to VOVL, earli...
- France accuses Russia over gas supply as Nord Stream shutdown loomsWestern nations fear that Moscow is deliberately driving up gas prices to try to weaken their opposition to its invasion of Ukraine, a tact...
- Morgan Stanley backs cautious Fed rate hike as Ukraine crisis fuels inflationOil, metal and other commodities prices have soared as fighting in Ukraine has intensified, adding to concerns there is no end in sight to ...
- Welspun Corp joins global research project to develop guideline for transportation of hydrogen gasAs a Steering Committee Member, Welspun Corp will collaborate with the world's 24 premier energy companies including Shell, BP, Total Energ...
- Banks expect to recover Rs 12K cr from sale of Videocon's oil blocks in BrazilBankers are expecting to recover as much as Rs 12,000 crore or $1.6 billion from the sale of Videocon’s Brazil oil blocks after a spurt in ...
- Vedanta, Murphy, others in race for $1 billion stake in Brazil oil blocksThe banks have issued requests for proposal to the potential bidders after they put in expressions of interest. All four are carrying out d...
- Equinor powers ahead with floating wind turbines despite oil crashThe long-planned project is going ahead despite Equinor's decision to cut investment following a plunge in oil prices that has reduced the ...
- China and India chase stakes in Abu Dhabi offshore oil fieldsIndia’s state-run ONGC too is bidding for stakes in the fields off Abu Dhabi’s coast.
- Oil declines as US, Libya pump into oversupplied global marketUS drillers increased the rig count by six to 747 last week, the highest level since April 2015.
- OVL qualifies to bid for Iran oil, gas projectsOthers on the list include Royal Dutch Shell Plc, China National Petroleum Corp (CNPC), Total SA of France, Russia's Gazprom and Eni of Ita...
- The charm is back in crude: New push factor can lift oil prices beyond $50Falling crude inventories, concerns over Brexit uncertainty, political crisis in Venezuela were the push factors for oil prices over the pa...
- Asia is principal consumer of Gulf hydrocarbons: UAE ministerThe energy minister of the UAE Suhail Mohammed Al Mazrouei stated that the soaring energy demands is resulting in "new alliances" worldwide.
- Germany's Wintershall to invest $3.35 billion in Argentine oil fieldWintershall will invest $3.35 billion to drill for oil in southern Argentina, sources said.
- ONGC-Mittal exit Turkmenistan oil blockOil and Natural Gas Corp and its partner steel baron Lakshmi N Mittal have exited an oil block in Turkmenistan after exploratory failure, l...
- OMEL gets 30 % stake in Caspian Sea blockONGC-Mittal Energy Ltd, a joint venture of ONGC Videsh Ltd and Mittal Investment Sarl, has acquired 30 per cent stake in an exploration blo...
- OVL may buy 33% in Turkmenistan blocks for Rs 200 crONGC Videsh, ONGC’s foreign investment arm, is set to finalise a deal with Mærsk Olie (Maersk Oil) of Denmark and Wintershall of Germany to...
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