DGH, in an order, required the relinquishment of awarded concessions to Reliance-BP for the 'expiry' of time for its development.
Energy
NZ government provides novel approach to Meridian Energy IPO float
In a bid to expand sales and revenues for its sale of shares, the NZ government allowed a two part installment payment plan for the purchase of the shares from Meridian Energy.
Eurus Energy buys wind farm in Uruguay
The Minas wind farm in southeastern Uruguay was purchased by Eurus Energy, a jointly owned company by Tokyo Electric and Toyota Tsuhu.
ONGC to raise stake in Brazilian oil field- sources
Sources said the Oil & Natural Gas Corp (ONGC) would be buying a 12% stake in the Brazilian oil field owned by Petroleo Brasileiro (Petrobras).
Oil tycoon Dan Gertler wants partners for Congo oil development
Dan Gertler of Oil of DR Congo wanted partners to develop oil in Lake Albert in Congo. Oil magnate Dan Gertler, owner of Oil of DR Congo, would like partners to develop a potential oil find in the Democratic Republic of Congo.
Latest News
China had set aside CNY80 billion for its local gas and oil projects to boost internal energy supplies.
West Virginia State Senate President Jeff Kessler is proposing a Future Fund levy for the natural gas to be extracted from the state for its future spending.
A three day summit was reported to attract a lot of investors into India's renewable energy market.
Igor Sechin was quoted as saying the potash controversy between Belarus and Russia would not affect the business of the Russian oil giant.
OGX Petroleo, Eike Batista's flagship company, may seek more financial assistance from bondholders to avoid seeking bankruptcy protection.
Petrobras, in a campaign to raise funds for its pre-salt mine exploration, had sold some of its stakes and pipelines in Colombia.
The second largest oil producer in Qatar, Occidental Petroleum Corp, is offering a minority share in its Middle Eastern operations.
The Taizhou project, a petrochemical complex located in East China, had stalled because of the lack of a proper location.
The Telegraph reported that Royal Dutch Shell had postponed its refinery project worth USD 1.3 billion in eastern China.
