Iran has named 29 companies from more than a dozen countries as being allowed to bid for oil and gas projects using the new, less restrictive Iran Petroleum Contract (IPC) model, the oil ministry news website SHANA reported on Monday
The ENI Group has requested HOEC board to de-classify it as a promoter. ENI Group will not be part of HOEC's future growth strategy. HOEC will seek Sebi nod on de-classification of promoters.
ENI is looking to sell its 47.2 percent stake in Hindustan Oil Exploration (HOEC) to US based Anadrako Petroleum, reports Business Standard. At 09:16 hrs Hindustan Oil Exploration Company was quoting at Rs 106.45, up Rs 5.75, or 5.71%.
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.
Iraq will sign a final contract with Royal Dutch Shell on Tuesday for a USD 12-billion project to capture flared gas at southern oil-fields, two sources close to the deal said on Sunday.
State explorer Oil and Natural Gas Corp is in talks with the Indian unit of BG Group and Italian oil major ENI to sell up to a 30% stake in an east coast block
Reliance Industries (RIL) is free to price gas for the non-core users and priority sectors such as fertilizer units, power stations to get it for USD 4.2/unikt, reports The Economic Times. It touched an intraday high of Rs 918.20 and an intraday low of Rs 911.80. At 09:25 hrs the share was quoting at Rs 915.80, up Rs 9, or 0.99%.