Oil Field

Cairn Energy buys UK co Nautical Petroleum for $644 million

British oil firm Cairn Energy bought Nautical Petroleum for 414 million pounds. Buying Nautical will raise Cairn's exposure to the Catcher oil field, one of the biggest discoveries in Britain.

Oil slides on eurozone concerns

Oil edged lower on Monday on pressure from revived concerns about a eurozone economic slump and political uncertainty.

Fall in KG-D6 output, cess pull RIL way below its Rs 800 mark

Canadian oil and gas producer Niko Resources Ltd expects lower natural gas reserves at the D6 block located off India's east coast.

RIL-BP submits new plan to enhance gas production at KG-D6

RIL-BP propose to drill one gas production well on the MA oilfield in the eastern offshore or KG-D6 block besides intervention of jobs in at least two of the existing six wells on the fields, sources privy to the development said.

RIL's proposal to develop satellite fields hits hurdle

Reliance Industries' over three billion dollars proposal to develop satellite fields to offset fall in gas output from KG-D6 block today hit a hurdle when upstream regulator DGH refused to recognise its new partner BP in absence of a signed contract.

Richest jihadist organisation ISIS just captured the biggest oil field in eastern Syria

The Islamic State in Iraq and Greater Syria(ISIS) captured the biggest oil field in eastern Syria Thursday, according to human rights activists.