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HCL bags deal from Norway-based Statoil
New Delhi, Feb 13 (IANS) HCL Technologies Monday said it had bagged an infrastructure management services deal from Norway-based energy firm Statoil. "This deal win reinforces HCL's dominance in the Nordic region's IT services market where it is already the global partner of choice for several leading global corporations like Nokia, Danfoss and Electrolux in the region," the company said in a statement. No

Markets subdued as investors await Greek debt deal

Markets were cautious Wednesday as investors waited for Greek political leaders to endorse an austerity plan that would allow the country to claim its second bailout.

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Statoil makes large oil discovery in Barents Sea
Norway's Statoil said Monday it has discovered a large oil reserve in the Barents Sea, its second major oil find in the Arctic region in less than a year.

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US, Exxon reach deal on Gulf leases

Exxon Mobil Corp and the government struck a deal on Friday that would allow the company to move ahead with development of a field in the Gulf of Mexico estimated to yield tens of billions of

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2011 : Oil sector uncertainty wards off investors

New Delhi: Arbitrary decisions on the $8.48 billion Cairn-Vedanta deal and BP's $7.2 billion stake buy in Reliance Industries' oil and gas properties has shaken investor confidence in the world's

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Red tape throttles oil companies

Reliance Industries Ltd is facing red tape, having brought in BP to be its gas exploration partner. But the Mumbai-based conglomerate is not alone when it comes to facing excessive bureaucratic

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