July 2016

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ONGC to stop exploration at Karaikal

THE ONGC management on Thursday assured residents of Maathirimangalam that it would halt exploration work and remove equipment installed for the process. The public sector behemoth, however, is likely to shift exploration activities to a…






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Libya Now Back In The Oil Business – For How Long Though

Libya’s key oil terminals have reopened for operations, Moussa al-Kouni, the deputy head of the country’s UN-brokered presidency council, told reporters late on Thursday at the Ras Lanuf oil terminal in eastern Libya. Petroleum Facilities…




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DNO makes $300 million bid for oil producer Gulf Keystone

DNO ASA, the oil explorer focused on Iraq’s Kurdistan, offered to pay $300 million for regional peer Gulf Keystone Petroleum Ltd., which just completed a debt-restructuring deal with bondholders. DNO’s cash and share offer represents…