Cairn delays India oilfield start
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Cairn Energy again puts back the start date for production at its main Indian oilfield, hurting its shares in London.
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Oil firm Cairn Energy has said that the initial public offering of its Indian unit would be priced at 160 rupees per share (1.83 sterling) -- at the low end of its price range.
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OSLO - Norwayâs oil production faces a crisis in mid-November with a threat by oil sector groups on Monday to stage a lock-out to end industrial action which has weighed on the industry since July.
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NEW YORK - Oil's record rally stalled yesterday after an OPEC minister said the group could not rule out another output hike and may call an early formal meeting next month in Saudi Arabia.
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Shares rise in Cairn Energy following its latest discovery of another gas reserve in north west India.
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Cairn Energy Plc, the largest UK- based oil-exploration and production company, boosted its estimate of recoverable oil reserves at a field in India and reported a decline in first-half profit.
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The Dubai Gold and Commodities Exchange (DGCX) is delaying the launch of its steel futures contract until after summer to ensure a strong start, it said on Saturday.
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ANCHORAGE, Alaska  - A federal judge issued a   preliminary ruling on Thursday that temporarily blocks the U.S.   administration's plan to allow oil development in the sensitive   wetlands near vast Teshekpuk Lake in Arctic Alaska.
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British oil and gas firm Cairn Energy has seen profits drop 40%, but reports strong reserves in its Indian oil fields.
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A part of the facility of the phase one of South Pars gas field, the biggest in the world, a day before its official openinng by President Mohammad Khatami in Assalouyeh, southwestern Iran, Friday Nov. 19, 2004.
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Rising oil prices are slowing growth across the world but key emerging economies such as China and India will continue to support the near-term outlook for commodities, the world's largest mining company said Friday.
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The move threatens to slow the development of the largest oil find in the world in three decades.
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Day three of the first Test between India and South Africa has been delayed due to heavy fog in Kanpur. The tourists hold the upper hand in the first match of the two-Test series after opener Andrew Hall scored 163 to help steer his side to 459-7.
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Oil firm Cairn Energy said Tuesday that it will return about 481 million pounds to shareholders from the stock market flotation of its Indian unit in Mumbai.
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A unit of Occidental Chemical Co.   has pushed back planned construction of a liquefied  natural gas (LNG) terminal near Corpus Christi, Texas, a  company spokeswoman said Friday.
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BP Plc expects to restart on Monday 10,000 barrels per day of Alaskan oil production at its giant Prudhoe Bay oil field, halted June 18 for a pipe leak, a BP spokesman said.
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British oil firm Cairn Energy said Tuesday that the Indian government had granted it access to land where it hopes to build a major pipeline.