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‘Extending oil cuts, adding small producers can drain stocks’

RIYADH / AGENCIES Saudi Arabia’s energy minister said on Sunday that extending the current agreement on global oil supply cuts until March next year, and adding one or two small producers to the pact, should be enough to reduce oil inventories. “We believe that continuation with the same level of cuts, plus eventually adding one or two small producers … ...

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Explorer in oldest Indian coal region bets $1bn on gas

Bloomberg India’s first producer of natural gas from coal seams in the country’s oldest mining region will spend about $1 billion to look for some of the newest forms of energy. Great Eastern Energy Corp. will invest as much as 20 billion rupees ($312 million) over the next four to five years to drill 144 new wells at its Raniganj ...

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BHP weighs further sale of US shale gas assets

Bloomberg BHP Billiton Ltd. is considering further sales of its US shale gas assets as it fends off the second round of attack from activist hedge fund Elliott Management Corp. over the future of the energy business within the world’s biggest mining company. “If there is a natural owner out there who believes more upside can be achieved within this ...

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