Billionaire Anil Agarwal has asked Cairn India Ltd., which enjoys the highest profit margin among the top Asian oil companies, to explore ways to double output as his mining business in the South Asian nation founders.
Vanoil Energy Ltd. is discussing with the Rwandan government the option of allowing other companies to help explore the country’s East Kivu Graben Basin as they seek to end a dispute over exploration rights.
Grupa Lotos SA, Poland’s second- biggest refiner, agreed to buy Centrica Plc’s oil and gas exploration assets in the Norwegian part of the North Sea for $175.8 million as part of its foreign expansion.
Former billionaire Eike Batista hired U.S. law firm Quinn Emanuel Urquhart & Sullivan LLP to represent him as his oil company considers filing for bankruptcy protection, two people familiar with the matter said.
The carcass of a dead dog floats on the lake that supplies tap water to 750,000 Venezuelans. Witch doctor Francisco Sanchez has just dumped the previous night’s sacrifice from a cliff, contaminating the resource that has become more scarce than gasoline in Caracas.