Gas pricing FIR liable to be quashed: RIL tells HC

RIL has sought quashing of the FIR lodged against it by the ACB of the Delhi govt in 2014

Gas pricing FIR liable to be quashed: RIL tells HC

Reliance Industries Ltd (RIL)on Friday told the Delhi High Court the FIR lodged against it and two UPA ministers on alleged irregularities in raising gas price from KG-6 basin was liable to be quashed in view of its larger bench ruling that the Delhi government’s ACB does not have power to probe central government officials.

Acquisitions are the flavour of global oil firms to boost reserves

According to global news agency Reuters, since late November, major oil companies have announced 11 deals worth more than $500 million each with a combined value of $31 billion, the clearest sign yet that oil executives are more confident a recovery is underway

Acquisitions are the flavour of global oil firms to boost reserves

The world’s top oil companies are back in acquisition mode, targeting smaller exploration and development firms to boost hydrocarbon reserves through acquisitions in contrast to the mergers route that followed previous slumps in crude prices.

Kuwait to start importing 200 million cubic feet gas from Iraq: ministers

Kuwait to start importing 200 million cubic feet gas from Iraq: ministers

Kuwait is set to begin importing up to 200 million cubic feet of gas daily from neighbouring Iraq, oil ministers from the two Arab nations said after talks on today. Cited by Kuwait News Agency KUNA, Iraqi Oil Minister Jabbar al-Luaibi said the project “will see the light very soon”. Kuwaiti Oil Minister Essam al-Marzouk […]

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