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.

Big oil companies may have to give up Iraq gas

Last Updated: Tuesday, August 30, 2011, 09:08

Many of the world's biggest energy companies may have to surrender most of the gas from Iraq's vast southern oilfields to a processing and export project led by Shell, a final draft contract between Baghdad and Europe's biggest company, obtained by Reporters, shows.

ONGC says its output to register jump by 2013-14

Last Updated: Monday, August 15, 2011, 00:12

ONGC on Sunday said its output would register a jump in the next 2 to 3 years after it monetizes its small and marginal oilfields to raise its oil production by 3.5 million tonnes.

'ONGC outdoing pvt co in exploration on the west coast'

Last Updated: Sunday, August 14, 2011, 13:05

Public Sector Oil and Gas behemoth ONGC is outdoing the private companies in exploration on the west coast of the country, a top official said here today, adding that in the last fiscal alone, Western Onshore Basin of ONGC achieved nine discoveries.