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US court upholds BP settlement for Gulf oil spill

Last Updated: Saturday, January 11, 2014, 11:32

A US federal appeals court upheld on Saturday a multibillion-dollar settlement between BP and coastal residents and businesses hit by the company`s massive Gulf of Mexico oil spill in 2010.

Judge refuses to suspend BP settlement payments

Last Updated: Saturday, July 20, 2013, 10:26

A US judge refused to temporarily shut down a multibillion-dollar settlement programme for compensating victims of BP`s 2010 Gulf oil spill, saying he has seen no evidence of widespread fraud among thousands of claims.

Gulf Oil Dec qtr net up 15%; plans to demerge lubricants biz

Last Updated: Friday, February 08, 2013, 17:44

Hinduja Group firm Gulf Oil Corp Friday reported a 15 percent rise in December quarter net profit and said it plans to demerge its lubricants business into a separate listed company.

US to get $1.4 bn over Gulf of Mexico disaster

Last Updated: Friday, January 04, 2013, 11:48

Swiss-based Transocean, which owned a rig that blew up in the Gulf of Mexico in April 2010, has agreed to pay the USD 1.4 billion over the environmental disaster, RIA Novosti reported Friday.

Hinduja Group's Gulf Oil acquires Houghton International for over $1 bn

Last Updated: Friday, December 21, 2012, 12:02

Hinduja Group firm Gulf Oil on Friday said it has completed its acquisition of US-based Houghton International for USD 1.045 billion (about over Rs 5,747 crore) after conclusion of necessary regulatory approvals.

Clean-up of Gulf oil spill was more toxic

Last Updated: Sunday, December 02, 2012, 18:11

The study found that mixing the dispersant with oil increased toxicity of the mixture up to 52-fold over the oil alone.

Indian investors can benefit from Gulf oil industry

Last Updated: Sunday, December 02, 2012, 17:54

Indian investors can benefit from the Gulf Cooperation Council (GCC) oil industry, businessmen participating at a seminar in Bahrain have said.

Credo India buys 52 lakh shares of Gulf Oil Corp for Rs 43cr

Last Updated: Friday, November 16, 2012, 21:33

Credo India Thematic Fund Friday acquired 52.20 lakh shares of Gulf Oil Corporation from two entities in a deal worth Rs 43.59 crore.

‘India among key emerging markets for Gulf firms’

Last Updated: Monday, November 12, 2012, 09:34

As demand for petrochemical products moves East, India, with a burgeoning middle class that will number around 400 million by 2025, is among the most important growth markets for companies from the Gulf, a new study says.

India Inc on shopping spree, announces deals worth Rs 2,850 cr

Last Updated: Friday, November 09, 2012, 00:05

Tata Power bought 26 per ent stake in Indonesia's PT Baramulti Suksessarana mine for an undisclosed sum.

Hinduja's Gulf Oil to acquire Houghton International for over $1 bn

Last Updated: Wednesday, November 07, 2012, 10:31

Gulf Oil, which sells lubricants and industrial explosives in India and offshore, said it will make the acquisition through its UK subsidiary.

Gulf countries to award over $50 bn in oil & gas contracts

Last Updated: Monday, November 05, 2012, 13:47

The Gulf Cooperation Council (GCC) countries will award a little over USD 50 billion worth of contracts in the market in 2013, almost double the USD 27 billion expected to be awarded this year, a report has said.