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New Delhi, December 6, 2013
Cairn India Ltd has bid for one oil and gas exploration block in Sri Lanka while ONGC Videsh did not bid for any of the 13 blocks on offer in that country mainly due to poor prospectivity.

August 1, 2013
OVL and GAIL already have stakes in A-1 and A-3 blocks in Myanmar, which started production last month, and they are looking at consolidating their position in the energy-rich nation.

Ajay Modi
July 2, 2013
The Kashagan Field, located in the shallow waters of the North Caspian Sea, is the world's largest oil and gas exploration project under development. The acquisition would have helped OVL arrest its overall falling output due to problems in Sudan and Syria.

New Delhi, July 2, 2013
ONGC has lost the giant Kashagan oilfield to the Chinese after Kazakhstan blocked its $5 billion deal to buy US energy major ConocoPhillips' stake in the Caspian Sea oilfield.

March 15, 2013
While ONGC Videsh Ltd, the overseas arm of India's biggest explorer, and OIL made a joint bid for the stake offered by US explorer Anadarko Petroleum Corp and Videocon Group, state gas utility GAIL India shunned the offer as it felt the asking price of around $4 billion was too high.

BT Online Bureau
New Delhi, December 18, 2012
Russia's Rosneft has offered ONGC Videsh Ltd (OVL) a stake in Magadan-2 and Magadan-3 exploration blocks in the northern part of the Sea of Okhotsk in eastern Russia.

New Delhi, December 6, 2012
State-owned ONGC, which trumped a strong bid by arch-rival China National Petroleum Corp to bag ConocoPhillips' stake in Kazakhstan's giant Kashagan oilfield, has won project operator Eni's approval for its $5 billion acquisition.

New Delhi, November 27, 2012
Oil and Natural Gas Corp's $5 billion deal to buy 8.4 per cent stake in Kazakhstan's Kashagan oilfield may fall if ExxonMobil or Shell were to exercise their pre-emption rights within 60 days.

New Delhi, November 26, 2012
The overseas arm of the state oil explorer, ONGC Videsh, has agreed to buy ConocoPhillips' 8.4 per cent stake in the Kashagan oilfield of Kazakhstan for about $5 billion. It will be the biggest acquisition by an Indian company this year and the sixth largest in history.

Anilesh S. Mahajan
October 31, 2012
Delays in granting approvals for exploration activities is prompting global oil companies to relook their India plans. Italy's Eni SpA, Australia's Santos, and UK's Foresight Group are only some of the few facing the hurdles.

Associated Press
New York, September 20, 2011
Standard & Poor's Ratings Services downgrades Italy's credit rating by one notch to A/A-1, saying it sees weakening economic growth prospects for the European nation and higher-than-expected levels of government debt.

Associated Press
Beijing, September 13, 2011
The reports come as Italian lawmakers consider a plan to slash spending in an effort to stabilise government debt, equal to nearly 120 per cent of the country's annual economic output.

Associated Press
Milan, August 22, 2011
Brent crude prices fell to near $107 a barrel on Monday after Libyan rebels captured most of the country's capital, boosting hopes the OPEC nation's oil exports could resume soon.

Associated Press
Singapore, February 23, 2011
Oil prices rose to fresh two-year highs near $96 a barrel in Asia on Wednesday amid trader concern a violent power struggle in Libya could disrupt crude supplies.

New Delhi, November 2, 2010
The major push from the state-owned oil major will come from development of finds in and around block KG-DWN-98/2, next to Reliance Industries' giant KG-D6 block.

Kushan Mitra
May 15, 2008
Much has been said about how India's top executives take home large salaries. We take a glance at the top companies by market capitalization in the world's top economies and see what their bosses make.

By Balaji Chandramouli
July 17, 2007
The squabbling siblings are facing off once again, and this time the younger brother seems to have got the government to ask probing questions. But there's more to it. Does Mukesh legally have a right over the gas he is pumping out?

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