#Oil & Gas Exploration and Production - NEC

[realtimeslive]

ConocoPhillips and Venezuela's PDVSA reach $2 billion settlement

ConocoPhillips and Venezuela’s PDVSA reach $2 billion settlement

and Venezuela’s PDVSA have reached a payment agreement over a $2 billion arbitration, the companies said on Monday, suspending a dispute that blocked the state-run company from exporting oil from most of its key Caribbean facilities.

The case relates to the nationalization of Conoco assets dating back over a decade in Venezuela. An international court ruled in favour of Conoco in April…

[realtimeslive]

BPCL ensures fuel supply in Kerala for rescue operations

BPCL ensures fuel supply in Kerala for rescue operations

Bharat Petroleum Corporation Limited (BPCL) is taking all the necessary steps round-the-clock to make petroleum fuels available without any interruption in the flood-hit Kerala, especially for the rescue and relief operations.

The BPCL has made all the arrangements in its Kochi Refinery to ensure normal operations.

“The Kochi Refinery management committee under Executive Director, Pras…

[realtimeslive]

Venezuela court seeks extradition of Maduro opponents

Venezuela court seeks extradition of Maduro opponents

Venezuela’s highest court has authorised the government to demand the extradition of exiled former state prosecutor Luisa Ortega and former oil chief Rafael Ramirez — both opponents of President Nicolas Maduro.

The move follows a similar decision on Thursday by the Supreme Court to seek to extradite opposition leader Julio Borges, who is accused of being involved in an alleged attempt to…

[realtimeslive]

Kaya wants to make it big from haircare segment

Kaya wants to make it big from haircare segment

Skincare services provider Kaya from the Marico stable aims to increase its revenue share from haircare segment to 10 per cent, a top company official has said.

Kaya claims to run the largest dermatological chain in the country operating 99 clinics across 26 cities and as many as 24 in the UAE.

It entered the haircare services a couple of years ago and has 91 clinics, where it…

[realtimeslive]

Lured by higher oil prices, U.S. shale producers boost capex

Lured by higher oil prices, U.S. shale producers boost capex

By Liz Hampton and Ernest Scheyder

HOUSTON (Reuters) – U.S. shale producers that spent the last year promising to control capital spending and adhere to strict financial controls are finding the lure of higher oil prices irresistible.

Several, including producers Parsley Energy , Pioneer Natural Resources and Continental Resources , this week joined others that already raised capital…