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Oil giants donate USD 23 mln for Harvey victims

US oil giants have pledged USD 23 million for disaster relief operations to help Gulf Coast residents recover from Hurricane Harvey, one of the most destructive storms in US history that killed at least 50 people.
Harvey has soaked Texas with the heaviest rainfall in US history. Texas officials said more than 185,000 homes were damaged and 9,000 destroyed as 42,000 people remain in shelters amid overflowing rivers and reservoirs.

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Statoil strikes out at biggest Arctic prospect off Norway

Statoil ASA’s ambitions to develop an Arctic oil hub were dealt a blow when its best prospect in the Barents Sea off Norway yielded no more than a non-commercial natural-gas find.

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JM Financial To Advise Government On HPCL Stake Sale To ONGC

JM Financial Ltd. has been appointed as the transaction advisor to the government’s over Rs 37,000 crore stake sale in Hindustan Petroleum Corporation Ltd. (HPCL) to …

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Russia's Rosneft, China's CEFC agree joint exploration in Siberia

Russian oil major Rosneft said on Sunday it signed a cooperation agreement with CEFC China Energy Company for joint exploration in Siberia.

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