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Senior Iraqi oil officials met with executives from ExxonMobil, PetroChina and Basra Oil Co on January 1 at the West Qurna 1 field near Basra to mark Exxon's complete exit and the handover of its operations to PetroChina.
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The two oil explorers would focus on the Krishna Godavari and Cauvery basins in the eastern offshore and the Kutch-Mumbai region in the western offshore, ONGC said in a release.
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The digital currency consumes a lot of electricity, but one startup is showing how its unique properties can help transition the world to cleaner energy
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Peter Lavoy, Senior Director, Asia Pacific, International Government Relations at ExxonMobil, made the remarks after his meeting with Finance Minister Nirmala Sitharaman here on Monday.
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Under the partnership, ExxonMobil will supply an extensive range of engine oils to Nissan India that are compatible not only with BS-VI standards but also to the older generation BS-III or BS-IV PVs of the carmaker, a release said on Wednesday.
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If Exxon is right, its gamble will rescue the company as projects from New Mexico to Guyana begin pumping crude oil into a rising market
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The central bank also said it has, so far, purchased nearly $429 million in corporate bonds from 86 of those companies, including AT&T, Walgreen's, Microsoft, Pfizer and Marathon Petroleum.
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ExxonMobil in a statement said that it was working to ensure the safety of all crew members.
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The project is aimed at increasing the competitiveness of ExxonMobil's Singapore refining-petrochemical complex, which is one of the company's largest integrated fuels, lubricant base stocks and chemicals production sites in the world, the company said in a statement.
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Prices got another boost by last week's meeting in Saudi Arabia where OPEC nations and Russia signalled they would keep limiting production.
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The company, a listed subsidiary of EPC major Larsen & Toubro, will help geoscientists with improved data availability, enhancing the speed and efficiency of analysis and evaluation, it said in a statement.
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The global energy giant said communications with nearby communities remain down following the 7.5 magnitude earthquake early on Monday, hampering efforts to assess damage to facilities that feed the PNG LNG plant, the country's biggest export earner.
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While the decision did not rule on the merits of the fine, the three-judge appeals panel overturned a US district court decision saying ExxonMobil had not met the procedural requirements that would allow the lower court to rule.
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Australia is about to overtake Qatar as the world's largest exporter of liquefied natural gas. But most Australians face escalating power bills because state governments have restricted further gas exploration and no new coal-fired power stations are being built to replace aging generators that will soon be decommissioned.
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Qatar Petroleum chief executive Saad Sherida Al-Kaabi told the AP there's "a strong possibility" that the geological structure in the area where the partnership is licensed to drill could potentially hold hydrocarbons.
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The former oil executive said China's island-building activities in the disputed waters and its declaration of an air defence identification zone over the Japanese-controlled Senkaku islands in the East China Sea were "illegal actions".
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Among the most accomplished business leaders and international deal-makers in the world, 64-year-old Tillerson has spent his career protecting the jobs of his employees, who number over 70,000, the presidential transition team said.
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However, soon after that former Massachusetts Governor Mitt Romney, who was one of the leading contenders for the post, said he would not be the Secretary of State.
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In an interview to CNBC-TV18, RK Garg, CFO, Petronet LNG spoke about the latest happenings in his company and sector.
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Earlier in 2009, Petronet and ExxonMobil had signed a 20-year long LNG deal, where the company had agreed to pay Exxon 14.5 percent of crude price under different circumstances.
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"Through 2040, we see China, India and other non-OECD countries home to seven-eighth of the world's population needing much more energy to fuel economic development and rising living standar
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ONGC Videsh Ltd, the overseas arm of state-owned explorer Oil and Natural Gas Corp (ONGC), has lost out on its bid for two oil blocks in Mexico's first licensing round in 88 years.
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ONGC Videsh Ltd, the overseas arm of Oil and Natural Gas Corp (ONGC), Oil India Ltd and a unit of Bharat Petroleum Corp Ltd (BPCL) together hold 30 percent interest in Rovuma Area-1, which is estimated to hold recoverable gas reserves of up to 75 trillion cubic feet.
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ExxonMobil's Singapore Chemical Plant is now producing ethylene from the facility's second world-scale steam cracker.
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ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), is among 41 international oil majors who have qualified for Iraq's fourth bidding round for exploration blocks.
