OVL keen on stake in Russia's Arctic oil and gas fields

Last Updated: Sunday, August 19, 2012, 13:04

ONGC Videsh Ltd, the overseas arm of state-owned Oil & Natural Gas Corp (ONGC), is eyeing stake in Russia's ambitious Arctic Ocean oil and gas projects with US supermajor ExxonMobil and Italian energy giant ENI.

Russia's Gazprom world's most profitable firm in 2011

Last Updated: Tuesday, July 31, 2012, 09:50

Gazprom netted USD 44.46 billion in profits last year, compared to USD 41.6 billion generated by ExxonMobil, which was the world's most profitable company in 2010.

Apple beats Exxon to become most valuable company

Last Updated: Thursday, January 26, 2012, 12:15

A day after Apple posted historic quarterly profits, the technology giant surpassed oil major ExxonMobil to briefly become the most valuable company in the world when its market value touched USD 419 billion.

Moscow office raid deals BP new blow in Russia

Last Updated: Wednesday, August 31, 2011, 17:47

Bailiffs raided BP's Moscow offices on Wednesday, a new humiliation for the British oil company a day after ExxonMobil signed an agreement that ended BP's hopes of developing Arctic offshore oil fields with Russia.