A United Nations tribunal has ruled in favour of Bangladesh in a long-running dispute over a sea border with India. The tribunal awarded Bangladesh nearly four-fifths of an area spread over nearly 10,000 square miles in the Bay of Bengal. The verdict paves the way for Dhaka to begin exploring …
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The operators of India’s biggest natural gas field have filed an arbitration notice after the Indian government suspended a plan by the companies to double their prices. Mukesh Ambani-owned Reliance Industries, British Petroleum and Canada’s Niko Gas, who jointly operate the KG-D6 field in Andra Pradesh, say the suspension is …
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Indian oil giant Oil & Natural Gas Corporation (ONGC) has agreed to buy a 10% stake in an offshore gas field in Mozambique from American firm Anadarko Petroleum. The deal for Mozambique’s offshore Area 1 is expected to close around the end of this year, Anadarko said. ONGC faces diminishing …
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