DNO, a Norwegian oil and gas company with strong Iraqi assets, said Friday it made a $300 million bid for Gulf Keystone Petroleum, which is restructuring debt. DNO said it was offering 40 percent of the full offer in cash, which it said would give investors in Gulf Keystone Petroleum ... Read More »
A Karnataka bandh called by pro-Kannada groups and farmers’ associations Saturday to protest against an interim order of Mahadayi Water Dispute Tribunal evoked a strong response. The tribunal Wednesday rejected Karnataka’s plea for 7.56 tmc of water from Mahadayi/ Mandovi river for supplying drinking water to Belagavi, Dharwad, Gadag and ... Read More »
The municipality of Wood Buffalo said it was getting a support package from the provincial government of Alberta two months after fires shut in oil production. The provincial government said it was extending around $65 million to help the municipality recover from wildfires that scorched the region for most of ... Read More »
Days after Delhi Chief Minister Arvind Kejriwal told party colleagues that they should be prepared to “go to jail many times” and alleged that the BJP and Prime Minister Narendra Modi could get him “killed”, another AAP MLA, Sharad Chauhan of Narela, was arrested late Saturday night in connection with ... Read More »
After a dismal earnings report, Norwegian energy company Statoil said it secured a stake in an oil basin off the coast of Brazil from the nation’s oil company. “Through this acquisition, we are accessing a world class asset, and we strengthen our position in Brazil, one of Statoil’s core areas ... Read More »
While swinging to a loss in its quarterly report, Italian energy company Eni said it was moving more controls to its chief executive to retool risk structures. The company reported its second quarter loss widened to $494 million in part because energy prices remain under pressure from a market characterized ... Read More »
“The crisis will be upon us. It is not in the future but right now and everywhere you look,” said Amitav Ghosh, addressing the issue of climate change extensively at the Express Adda here on Saturday evening. In conversation with The Indian Express Deputy Editor Seema Chishti, Ghosh said dealing ... Read More »
– A report calling for European scrutiny over a pipeline slated to run through southern Europe is riddled with inaccuracies, a gas pipeline consortium said. A report this week from the non-governmental organizations Re: Common and Counter Balance called on European financial organizations to avoid writing blank checks to the ... Read More »
Tasked by the Union Home Ministry to examine whether any legal action can be initiated against controversial televangelist Zakir Naik, security agencies have drawn up a list of 55 terror accused, arrested from across the country over the past decade, who have claimed to be influenced by or to have ... Read More »
Amazon.com posted record second-quarter earnings Thursday of $857 million, or $1.78 per share, on $30.4 billion in revenue, surpassing early profit estimates of $1.2 per share on $29.5 billion in revenue. The company said the earnings report was boosted by record sales on the second Prime Day, the “biggest day ... Read More »
Brushing aside objections from partner RJD and main opposition BJP, the Nitish Kumar government is bringing in several amendments to tighten the prohibition law in Bihar, including one that will make culpable all adults of a family if any member is found drinking, possessing or selling liquor from the premises ... Read More »
Estimated quarterly earnings for Exxon Mobil Corp. were down about 60 percent from last year, the company said, pointing to sharply lower energy prices. Exxon reported second quarter earnings at $1.7 billion, compared with $4.2 billion during the same quarter for 2015. “While our financial results reflect a volatile industry ... Read More »
