Russia’s energy giant Gazprom has signed a $2.5bn deal with Nigeria’s state operated NNPC, to invest in a new joint venture. For full story, click here
With output slipping from its ageing Mumbai High and other Western Offshore fields, state-run Oil and Natural Gas Corporation will invest Rs 6,000 crore in new and existing fields in this fiscal to increse output. For full story, click here
A unit of Ashmore Energy International Ltd. has planned to invest $400 million over five years in Peruvian natural-gas distribution and filling stations. For full story, click here
Explorers are investing $1.5 billion in India’s seventh oil auction in which 44 fields were awarded out of 57 offered, including 28 offshore areas. For full story, click here
Thursday, June 25, 2009