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IOC to buy stakes in Petronas' LNG project for $900 mn

Last Updated: Friday, March 07, 2014, 19:19

Indian Oil Corp, the nation's largest oil firm, on Friday signed a deal to buy a 10 percent stake in shale-gas assets and a linked liquefied natural gas (LNG) project in British Columbia for USD 900 million.

IOC to buy stakes in Petronas' LNG project for $900 mn

Last Updated: Tuesday, February 25, 2014, 13:17

The acquisition of stake in Progress Energy Resources Corp for 1 billion Canadian dollars (USD 900 million) mark IOC's maiden entry into North America.

Petronas to sell 25% stake in Canadian Progress to Indian company

Last Updated: Tuesday, February 25, 2014, 08:29

Petronas has agreed to sell a 25 percent stake in Canadian Progress Energy Resources Corp. to an Indian company.

Reliance Industries eyeing Petronas stake in Venezuela project

Last Updated: Tuesday, January 14, 2014, 18:28

Reliance Industries is looking at buying Petronas' 11 percent stake in Venezuela's USD 20 billion Carabobo-1 project, a company official said Tuesday.

RIL eyes stake in Venezuela crude oil block, Mexico exploration assets

Last Updated: Tuesday, January 14, 2014, 16:16

Energy major Reliance Industries is looking to pick up an 11 percent stake in Venezuela`s Petrocarabobo project that was recently surrendered by Malaysia`s Petronas, and is eyeing exploration assets in Mexico, a company official said.

Petronas nears deal to sell Canada shale stake to Indian company

Last Updated: Tuesday, November 12, 2013, 16:23

Malaysia`s Petronas is close to selling a stake in its Canadian shale gas assets to an Indian company as it looks to share some of the costs of bringing cheap liquefied natural gas from North America to energy-hungry Asia.

OVL not to exercise pre-emption rights in Venezuela oil project

Last Updated: Wednesday, October 16, 2013, 11:43

A consortium of ONGC Videsh, Indian Oil and Oil India has decided against buying 11 percent stake that their partner Petronas of Malaysia is selling in a USD 20 billion oil project in Venezuela.

ONGC mulls buying Petronas stake in Venezuela

Last Updated: Tuesday, September 10, 2013, 21:56

ONGC Videsh Ltd, the overseas arm of state-owned Oil & Natural Gas Corp (ONGC), and its partners OIL and IOC are mulling buying 11 percent stake that Malaysia's Petronas has decided to give up in a USD 20 billion oil project in Venezuela.

Tata Comm partners Mercedes AMG Petronas

Last Updated: Wednesday, April 24, 2013, 19:43

With the new partnership, Tata Communications becomes the 'Official Managed Connectivity Supplier' to the team, the company said in a statement.

IndianOil-Petronas inaugurates LPG import-export terminal

Last Updated: Tuesday, April 02, 2013, 21:57

IndianOil-Petronas Tuesday inaugurated its LPG import-export terminal at nearby Ennore to serve households in the southern region.

L&T inks $ 100 mn offshore engineering contract with PETRONAS

Last Updated: Wednesday, January 30, 2013, 15:19

Engineering major Larsen & Toubro (L&T) on Wednesday said it has inked a USD 100 million offshore engineering contract with PETRONAS Carigali Myanmar (Hong Kong), enlarging its footprint in the new geography.

Diwali music video depicted as a funeral dance in Malaysia!

Last Updated: Friday, November 09, 2012, 18:53

Malaysia`s national oil company Petronas was left red faced after angry viewers pointed out that a music video it posted on its official YouTube page to mark Diwali depicted a funeral dance.