Regional News: South Asia
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Loyz Inks MOUs with Sun Petrochemicals for Upstream Projects in India
Monday, March 30, 2015 Loyz Energy inks two memorandum of understanding with Sun Petrochemicals' unit Sun Oil & Natural Gas on upstream projects in India.
OGDCL Discovers Oil at Palli Deep-1 Well in Pakistan's Sindh Province
Thursday, March 26, 2015 Oil and Gas Development Co. Ltd. discovers oil at the Palli Deep-1 exploration well in Sindh province, Pakistan.
Swiber Lands $405.6M Contracts, Including a $333M EPCI Deal from Indian NOC
Thursday, March 26, 2015 Swiber lands $405.6 million contracts, including a $333 million deal for engineering, procurement, construction and installation services to a national oil company in India.
Minister: India Expects to Raise $3.6B from Share Sale in Four Companies
Friday, March 20, 2015 India could raise $3.6 billion from the sale of stakes in four state-run firms including Oil and Natural Gas Corp (ONGC) and National Aluminium Co Ltd (NALCO), Junior Finance Minister Jayant Sinha says.
KUFPEC Inks Exploration Agreement for Pakistan's Paharpur Block
Monday, March 16, 2015 KUFPEC signs exploration agreement with the Pakistani Ministry of Petroleum and Natural Resources for the Paharpur Block in Pakistan.
UK Foreign Minister Seeks India Assurance After $1.6B Cairn Tax Bill
Thursday, March 12, 2015 UK Foreign Secretary Philip Hammond raises concerns in India over a $1.6B retrospective tax bill charged to oil explorer Cairn Energy.
Cairn Energy Disputes Indian Taxman's $1.6B Demand
Wednesday, March 11, 2015 Oil explorer Cairn Energy files a formal dispute against a demand for more than $1.6 billion from the Indian taxman.
Cairn to File Notice of Dispute with Indian Government Over Tax Issues
Wednesday, March 11, 2015 Cairn Energy will file a Notice of Dispute to protect its legal position and shareholder interests over tax issues in India.
WHL Energy Upbeat About Junon Resources Potential offshore Seychelles
Thursday, March 05, 2015 WHL Energy says seismic data indicates that Junon Central and Junon South East in Seychelles may hold prospective resources of around 200 million barrels.
Cairn India Cuts FY 2016 Capex to $500M from $1.2B Due to Low Oil Price
Thursday, March 05, 2015 Cairn India reduces capital expenditure for fiscal year 2016 from $1.2 billion to $500 million in the current low oil price environment.
Cairn India Slashes 2015-16 Capex on Falling Crude
Wednesday, March 04, 2015 Cairn India cuts capital spending by about 60 percent as falling oil prices hurt profitability and make project expansions unviable.
India Widens Oil Leaks Probe to Defence Ministry; Security Concerns Grow
Tuesday, March 03, 2015 India widens an investigation into leaks of confidential documents from its oil ministry to include the defence ministry, raising fears that other secrets vital to national security may have fallen into the wrong hands.