ReNew Power Ventures Pvt., the Indian clean- energy company backed by Goldman Sachs Group Inc, bested the competition at an auction on Thursday that awarded rights to build 1.2 gigawatts of solar projects in the eastern state of Jharkand.
Gulf Keystone Petroleum Ltd. fell to a seven-year low in London trading after saying its future depends on obtaining new funds and restructuring the balance sheet as bond repayments loom.
The Norwegian central bank reduced its key interest rate by 0.25 percentage point, to 0.5 percent, and said it may act again later this year to spur the economy from its oil-led downturn.
Houston’s $3 billion of general-obligation debt was cut one level by Moody’s Investors Service, which cited weakening economic performance due to lower oil prices, the city’s pensions obligations and restrictions on raising taxes.
Royal Dutch Shell Plc and Saudi Arabian Oil Co. are ending an 18-year refining partnership as the Anglo- Dutch crude titan prepares to sell billions of dollars of assets and as Saudi Arabia’s national oil company eyes a possible initial public offering.
Bludgeoned by falling energy prices, at least a dozen oil and natural gas companies have opted to cut dividends this year to preserve cash, cannibalizing payouts considered sacrosanct by many investors.
Russia’s Rosneft OJSC signed agreements with Indian state-run energy companies to sell stakes in its oil assets in Siberia, as the two countries seek to deepen energy cooperation.
Pipeline leaks and shipping disruptions are doing more to reduce the global oil glut than producers who can’t seem to agree on whether to cap output.
Oil rallied after the biggest two-day slump in a month as U.S. industry data showed the pace of crude stockpile growth slowed amid a glut.
Deutsche Boerse AG and London Stock Exchange Group Plc agreed to merge, a deal that would create a titan of European trading as long as rival suitors don’t upend the agreement and regulators give it their blessing.
Companies that favor mandatory environmental reporting are concerned Chancellor of the Exchequer George Osborne will loosen the rules in the U.K. when he presents his annual budget statement to Parliament on Wednesday.
The Obama administration is set to reverse course on opening Atlantic waters to a new generation of oil and gas drilling, after a revolt by environmentalists and coastal communities that said the activity threatened marine life, fishing and tourism along the U.S. East Coast.
When you’re owed $7 billion and the borrower asks for more time to pay, it tends to make you nervous.
The top of the oil market may be closer than you think.
The question of whether shale pioneer Aubrey McClendon drove his car deliberately into a wall may never be answered, the Oklahoma City police said Monday.
Brentdropped for a second day as Russia signaled Iran won’t join major producers in freezing output to manage a global glut.
U.K. oil producers, beset by low crude prices and some of the highest operating costs in the world, are likely to get some respite Wednesday when Chancellor of the Exchequer George Osborne sets out his annual budget.
Brent crude, the global benchmark, swung between gains and losses near $40 a barrel as a dwindling rig count in the U.S. countered Iran’s plans to expand production.
Iran plans to boost crude output to 4 million barrels a day before it will consider joining other suppliers in seeking ways to rebalance the global oil market.
Oil futures traders have shifted attention to falling production from their earlier preoccupation with rising inventories. That switch may have helped put a floor under oil prices, as the outlook for non-OPEC supply deteriorates.
The rise of moderates in Iran’s elections has increased the odds of the nation joining an oil-producer coalition to freeze output and bolster global crude prices, the Institute for International Finance said.
Petroleos Mexicanos’ woes are hitting home for suppliers that less than two years back were preparing for an oil boom.
BP Plc will end an almost 30-year partnership with Tate Britain, a U.K. art gallery, from 2017.
The once-in-a-generation crash in oil prices sent the Azeri economy staggering into a crisis and the central bank is running out of options to stop the unraveling.
A nuclear reactor in India was shut down after a fault in a coolant system but there are no reports of radioactive leaks, the country’s atomic regulator said.
