News WrapGet Handpicked Stories from our editors directly to your mailbox


New York City sues oil companies over climate change

The city alleges the fossil fuel industry was aware for decades that burning fuel was impacting climate change.

Jan 11, 2018, 12:44 PM IST

S&P 500 falls shy of a record, breaks four days of gains

The S&P 500 snapped a four-session winning streak on Wednesday to end just shy of a third straight record closing high.

May 29, 2014, 04:19 AM IST

China buys into giant Kazakh oilfield for $5 bn

China is already involved in a number of oil projects in the vast resource-rich neighbour, which is five times the size of France but has a population of just 17 million.

Sep 07, 2013, 15:31 PM IST

ONGC loses $5 bn bid for Kashagan oil field to China

India's ONGC has lost the giant Kashagan oilfield to the Chinese after Kazakhstan blocked its USD 5 billion deal to buy US energy major ConocoPhillips' stake in the Caspian Sea oilfield.

Jul 02, 2013, 19:34 PM IST

OVL to raise $3 bn for Kazakh acquisition

ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), plans to raise at least USD 3 billion in debt to part-fund acquisition of US energy giant ConocoPhillips' stake in a Kazazkhstan oilfield.

May 28, 2013, 15:41 PM IST

ONGC's $5 bn Kazakh oil deal may fall through

Industry insiders say the blame for falling of ONGC's biggest acquisition may rest with the Indian government which unlike China, has not engaged with Kazakhstan at the highest levels to push the deal through.

May 01, 2013, 19:44 PM IST

'ONGC's acquiring stake in Kashagan oilfield will raise debt'

Rating agency Moody's has said ONGC's acquisition of ConocoPhillips' 8.4 per cent stake in Kazakhstan's Kashagan oilfield will be 'credit negative' as the state-owned firm's debt will rise by USD 5 billion.

Nov 29, 2012, 14:29 PM IST

OVL-ConocoPhillips deal to be 6th biggest involving Indian co

ONGC Videsh Ltd's USD 5 billion deal with the US energy giant ConocoPhillips would be the sixth biggest merger and acquisition (M&A) deal involving an Indian company.

Nov 26, 2012, 21:50 PM IST

OVL to buy ConocoPhillips's 8.4% stake for $5 bn

This will be the biggest acquisition by OVL, surpassing its USD 2.2 billion buyout of Russia-focused Imperial Energy in January 2009.

Nov 26, 2012, 18:35 PM IST

Oil PSUs' group shortlisted by US energy firm for stake sale

ONGC Videsh Ltd, overseas arm of ONGC, along with IOC and OIL had some weeks back placed a USD 5 billion bid for buying stake in six Alberta oil sands assets of ConocoPhillips.

Oct 15, 2012, 17:50 PM IST

ONGC-IOC-OIL bid $5 billion for ConocoPhillips' assets

Houston-based ConocoPhillips has since then closed bidding for selling as much as 50 percent of its oil-sand reserves in Alberta.

Sep 24, 2012, 17:38 PM IST

ONGC ropes in ConocoPhillips for shale gas exploration

The state-run oil and gas exploration major Oil and Natural Gas Corporation (ONGC) on Friday entered into an agreement with the US-based ConocoPhillips, for cooperation in exploration and development of shale resources in India, North America and elsewhere besides deepwater opportunities in the country's Eastern offshore.

Mar 30, 2012, 21:41 PM IST

ONGC, ConocoPhillips to sign pact for cooperation in exploration

State-run Oil & Natural Gas Corp. and ConocoPhillips (COP) will sign an initial pact later Friday for cooperation in exploration and development of shale gas and deepwater oil and gas blocks, two ONGC executives said.

Mar 30, 2012, 11:40 AM IST

ONGC in talks with US company for deepsea oil exploration

ONGC is proposing to sign a Memorandum of Understanding (MOU) with ConocoPhillips for cooperation in exploration and development of shale gas and deepwater opportunities, a company official said.

Jan 17, 2012, 15:23 PM IST

China court accepts lawsuit against ConocoPhillips

A Chinese court has agreed to hear
a lawsuit brought against US firm ConocoPhillips by a group of fishermen over an oil spill.

Dec 30, 2011, 21:37 PM IST

Essar Shipping bags $121 mn deal from ConocoPhillips

Essar Shipping, a part of Essar Group, has bagged a contract worth USD 121 million from ConocoPhillips to drill 11 offshore wells in Indonesia.

Nov 09, 2011, 22:50 PM IST

ConocoPhillips finds 9 new leaks in China oil spill

US oil giant ConocoPhillips, already facing legal action and mounting public anger over a huge oil spill off China's northeast coast, has found nine new leaks in the same area, authorities said.

Aug 21, 2011, 18:16 PM IST

Venezuela buys ConocoPhillips` gas project stake

Venezuela`s state oil company has purchased ConocoPhillips` 40 percent stake in a joint natural gas venture with Chevron Corp.

Oct 03, 2009, 20:58 PM IST