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BPCL, Air India privatisation: Govt to go ahead with disinvestment of PSUs despite opposition, protests
Fp Staff •Air India is sitting on a debt pile of around Rs 58,000 crore, besides huge accumulated losses running into thousands of crores.
Govt gives go-ahead to biggest privatisation drive; to sell stake in BPCL, SCI, Concor to help bridge a widening fiscal gap
•In the biggest privatisation drive-ever, the Union Cabinet on Wednesday approved sale of government's stake in blue-chip oil firm BPCL, shipping firm SCI and onland cargo mover Concor
BPCL stake sale: Indian Oil likely to bid for govt's share in absence of global players
Fp Staff •The government has 53.3 percent stake in the BPCL which the bidders may buy either on their own or through a consortium.
BPCL privatisation: Saudi Aramco, Rosneft, ExxonMobil among global energy companies likely to bid for govt's stake in state-run oil firm
Fp Staff •Privatisation of BPCL will not just shake up the fuel retailing sector long dominated by state-owned firms but also help meet at least a third of the government's Rs 1.05 lakh crore disinvestment target.
Oil-water mix of 3,200 gallons spilled off Canadian island into Atlantic Ocean, efforts to minimize environmental impact underway
•An oil platform off the Canadian island of Newfoundland spilled nearly 3,200 gallons of an oil-water mix into the Atlantic Ocean, and efforts were underway to minimize the environmental impact, ExxonMobil said on Thursday.
Papua New Guinea earthquake: Death toll rises to 67 as blocked roads, power outages hinder recovery efforts
•At least 67 people were killed by a earthquake that devastated Papua New Guinea's remote highlands last week, the Red Cross said, leaving thousands homeless
Powerful 7.5 magnitude earthquake hits Papua New Guinea, disrupts communications, oil and gas operations
Fp Staff •The quake hit Papua New Guinea's mountainous interior and US scientists said there was no tsunami threat.
US may impose sanctions against Venezuela's oil sector, but remains wary of effect on country's people
•The United States said on Sunday it has not ruled out sanctions on Venezuelan oil as it turns the screw on President Nicolas Maduro, but is wary of hurting the country's people.
Donald Trump swears in ExxonMobil chief Rex Tillerson to lead US State Dept
•Former ExxonMobil chief executive Rex Tillerson was sworn in Wednesday to take charge of a US State Department simmering with opposition to President Donald Trump's refugee ban.
ExxonMobil CEO Rex Tillerson faces test to translate business acumen to diplomacy
•Propelled to the position of the Secretary of State to "undo" years of American foreign policy "blunders and disasters", ExxonMobil CEO Rex Tillerson now faces the biggest challenge of his life to translate his business acumen to international diplomacy.