New Delhi, July 2 (IANS) Government-owned oil major Bharat Petroleum Corporation Ltd (BPCL) announced on Thursday that it has acquired Videocon’s remaining stake in IBV Brasil Petroleo Ltd, increasing its ownership from 65.4 per cent to 100 per cent in the Brazilian upstream company as part of the public sector company’s strategy to expand its presence in the oil and gas exploration and production segment.The acquisition was completed through BPCL’s upstream subsidiary, Bharat PetroResources L…
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New Delhi, Jan 14 (IANS) Minister of Petroleum and Natural Gas Hardeep Singh Puri announced on Wednesday that in a major development, India’s oil companies have struck oil in an onshore hydrocarbon block in Abu Dhabi. The discovery was made by Urja Bharat PTE Ltd (UBPL), a 50:50 JV between India’s energy Maharatna Indian Oil Corporation and Bharat PetroResources Ltd (BPCL). The successful discovery of light crude oil in both the Shilaif play (XN 76) and the Habshan reservoir (XN 79 02S) mark…