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India approves creation of state oil giant in $4.6-billion deal

India approved the sale of a $4.6 billion stake in state-run refiner Hindustan Petroleum Corp. to the country’s biggest oil and gas explorer, according to a person with knowledge of the decision.

Xodus wins subsurface contract with Cairn Oil and Gas in India

Xodus Group has won a contract with Cairn Oil and Gas of Vedanta Ltd. to conduct exploration and appraisal work on its Rajasthan block in northwest India over the next two years.

India wants $300 billion in oil spending to meet growing demand

India wants $300 billion in investments over the next 10 years to satisfy accelerating demand in the world’s fastest-growing oil market.

India gives Iran $11-billion "best offer" on Farzad-B field

An Indian consortium is willing to spend as much as $11 billion to develop a giant Iranian natural gas field and build the infrastructure to export the fuel as long as the Persian Gulf nation guarantees a “reasonable return” on the project, according to the company leading the group.

LNG price row between India, U.S. crimps Trump's export plans

India's biggest importer of U.S. liquefied natural gas (LNG) is trying to re-negotiate prices with the U.S. seller, sources said, undermining plans by U.S. President Donald Trump to export more gas to the fast-growing Asian nation.

Vedanta makes $3-billion bet to re-energize biggest oilfield

India’s Vedanta Ltd. will spend $3 billion over the next three years as it seeks to expand oil reserves and nearly double output from its largest field.

ONGC, Aqualis Offshore match rig move record offshore India

The Oil and Natural Gas Corporation Limited (ONGC), with the support of Aqualis Offshore, has matched its own pre-monsoon rig move record set last year offshore India. Aqualis Offshore has also secured a new contract extension to support ONGC.

Rosneft says Essar takeover is pending final details

Rosneft PJSC, Russia’s biggest oil producer, said it has all but completed its multi-billion-dollar joint purchase of India’s Essar Oil Ltd., expanding its access to the Asian nation’s burgeoning fuel market.

BP, Reliance to revive India investments after eight years

BP Plc and Reliance Industries Ltd. will invest as much as $6 billion to restart work in Indian oil and gas blocks after eight years, in an area off the South Asian country’s east coast, where both companies have faced trouble boosting production.

Engie seeks $512-million selling stake in India LNG importer

Engie SA, France’s former natural-gas monopoly, is seeking to raise as much as 33 billion rupees ($512 million) selling its entire stake in India’s biggest importer of liquefied natural gas.

Oilex provides update on Cambay field workover program in India

Oilex Ltd. has released the following update on the Cambay field workover program in India, and ongoing activities.

ONGC posts surprise profit drop on royalties, weak gas price

Oil & Natural Gas Corp.’s quarterly profits missed estimates for a gain as lower gas revenues and a jump in royalty payments outweighed the boost from higher crude prices.

India's oil champions on track to match last year's $16-billion spend

India’s state-owned oil companies aim to sustain spending near a three-year high, encouraged by falling oil-services costs and expanding demand.

Indian explorer bets $1 billion on natural gas, unconventional shale

Great Eastern Energy Corp. will drill 144 new wells over the next four to five years at its Raniganj block in the eastern state of West Bengal, according to CEO Prashant Modi. The company, which began looking at the block in 1993, will invest an additional 50 billion rupees in other unconventional assets, including shale.

India oil demand rises 3.3% in April, after three-month decline

India’s oil demand bounced back in April after falling for three consecutive months, recovering from the impact of the country’s move to withdraw high-value notes.

Schlumberger, Baker Hughes awarded key contracts for Cambay core analysis in India

Oilex Ltd. has announced the award of two key contracts to Schlumberger and Baker Hughes as part of its 2017 work program at the Cambay PSC in India. Schlumberger and Baker Hughes will advise on the optimal well and stimulation design required to achieve potential commercial flowrates.

Emerson donates reservoir characterization software to Indian universities

Emerson Automation Solutions has donated licenses of its reservoir characterization and engineering software, Roxar RMS and Roxar Tempest, to two prominent Indian universities, the Graphic Era University (GEU) in Dehradun and the Maharashtra Institute of Technology (MIT) in Pune.

Billionaire creates BHP-style Indian resources major

Anil Agarwal has sealed the merger of his mining and energy businesses in India, creating a BHP Billiton Ltd.-like resources conglomerate, even as a recent investment in Anglo American Plc raises questions about how far the billionaire’s ambitions stretch.

India oil demand shrinks for third month amid demonetization drag

India’s oil consumption fell for a third straight month, with the use of bitumen and naphtha declining and diesel demand growth flat, amid the continuing effects of demonetization.

Shell opens new technology center in Bangalore, India

Shell has opened a new major technology hub in Bangalore, India, expanding the company’s R&D activities in Asia. The 52-acre, custom built technology center can house up to 1,500 experts working collaboratively on innovative projects worldwide.