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It is reported that the United Arab Emirates' energy minister called on oil-producing countries to join Moscow-Riyadh efforts to stabilize the prices.

Posted By : Rabi Wangkhem 7 hours 13 minutes ago
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PTI reported that the Board of ONGC is split on the issue of claiming compensation for INR 11,000 crore worth of natural gas spewing from its KG basin block into adjoining fields of Reliance Industries.

Posted By : Rabi Wangkhem 7 hours 14 minutes ago
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Goldman Sachs said that the OPEC deal to cut oil production may provide a short-term support for prices, but chances are it won't change the supply outlook much.

Posted By : Rabi Wangkhem 7 hours 16 minutes ago
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Mr Ahmed Mohamed Alkaabi, UAE Governor for OPEC, the ability of the Organization of the Petroleum Exporting Countries (OPEC) member states to reach an agreement on oil production freeze depends on whether they are able...

Posted By : Rabi Wangkhem 7 hours 18 minutes ago
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Mr Mohammed Saleh Abdulla Al Sada, Qatari Energy and Industry Minister said that the Organization of the Petroleum Exporting Countries (OPEC) will consider special conditions for Iran, Libya and Nigeria in the deal...

Posted By : Rabi Wangkhem 7 hours 20 minutes ago
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Mr Eulogio del Pino, Venezuelan Oil Minister expressed hope that the Organization of the Petroleum Exporting Countries (OPEC) member states and non-cartel oil producers would be able to reach an agreement on crude...

Posted By : Rabi Wangkhem 7 hours 22 minutes ago
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Mr Aleksandr Zharov, Rosneft's Licensing and Resources Management Control Department Director said that Sanctions imposed on Moscow by the West did not impact the implementation of Russian energy company Rosneft's shelf...

Posted By : Rabi Wangkhem 7 hours 23 minutes ago
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PTI reported that the Board of state-owned ONGC has approved signing of a preliminary agreement for buying a stake in Gujarat government firm GSPC's KG basin gas block.

Posted By : Rabi Wangkhem 1 day 5 hours 59 minutes ago
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PTI reported that Cairn India will be taking up exploratory and appraisal drilling of ten wells in Palar block at the coast in Nellore district Andhra Pradesh with an investment outlay of USD 150 million.

Posted By : Rabi Wangkhem 1 day 6 hours 2 minutes ago
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Economic Times reported that state oil firms have spent about a third of their annual planned capex in the first five months of 2016-17 with the upstream firms spending at a faster clip than refiners.

Posted By : Rabi Wangkhem 1 day 6 hours 4 minutes ago
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