Schlumberger, the oil field services company, has announced that it will acquire Smith International in an all-stock transaction valued at about $11 billion, the biggest acquisition in the United States so far this year
Cairn India has completed financing arrangements for $1.6 billion to fund its Rajasthan project.
Oil and Natural Gas Corp is likely to pick up 30 to 40 per cent interest in Kaza
China imported nearly 200 million tonnes of oil last year.
State-run Oil and Natural Gas Corporation and Oil India Ltd today expressed interest in taking more oil fields in Colombia while gas utility GAIL proposed to set up a petrochemical plant in the oil-rich South American nation.
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