Oil India to sell 11 percent in IPO, may raise $380 milllion State-run oil explorer Oil India Ltd will sell an 11 percent stake through an initial public offering, which may raise about Rs.1500 crore ($380 million), it said in a statement. 17 Dec 2007
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Residents say lives ruined by South Korea oil spill South Korean officials say they have made progress in cleaning up the country's worst oil spill but residents worried on Thursday about ruined livelihoods and conservationists saw damage lasting for years. 14 Dec 2007
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Oil-eating bugs may unlock clean energy from crude A tiny oil-eating bug that lives deep underground may allow the world's oil industry to unlock energy trapped in trillions of barrels of heavy crude, which is costly and dirty to produce using today's methods. 13 Dec 2007
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Reliance sets aside $27 billion for acquisitions, gas explorations Reliance Industries (RIL), India's most valuable firm in terms of market capitalisation and owner of world's third largest refinery, will be setting aside up to $15 billion for making "world-scale" acquisitions in the energy sector besides investing more than $12 billion for development of gas exploration off the country's east coast. 12 Dec 2007
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China chides Vietnam over island dispute China chided its neighbour Vietnam on Tuesday, saying the Southeast Asian country was straining ties by asserting claims to a chain of islands that may be rich in oil.China chided its neighbour Vietnam on Tuesday, saying the Southeast Asian country was straining ties by asserting claims to a chain of islands that may be rich in oil. 11 Dec 2007
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India's big refiners think global India's big private refiners this week staked out aggressive plans to become integrated "mini-majors" with overseas oilfields and petrol stations, a strategy that just might work - if they can get big enough. 06 Dec 2007
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Economic growth slowing but not halting: OECD Economic growth is losing steam in the industrialised world after a strong run and the U.S. economy is slowing hard but not sliding into recession, the Organisation for Economic Co-operation and Development said. 06 Dec 2007
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Chavez defeat seen as wake-up call for Cuba Venezuelan President Hugo Chavez's unprecedented defeat in a referendum is a wake-up call for Communist ally Cuba, which has come to rely heavily on the firebrand socialist leader, Cuba watchers say. 05 Dec 2007
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Chavez threatens to cut U.S. oil supply over vote Venezuelan President Hugo Chavez threatened on Friday to halt the OPEC nation's oil sales to the United States, seeking to fire up his leftist supporters for a weekend referendum on expanding his powers. 01 Dec 2007
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Reliance to spend $4.3 billion on exploration India's most valuable firm in terms of market capitalisation, Reliance Industries, will spend Rs.17000 crore ($4.3 billion) on exploration in the next few years, a top official at a Reliance group firm. 29 Nov 2007
