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China’s biggest oil field posts 1st-half profit on cost cuts

  Bloomberg China National Petroleum Corp. said its Changqing oil field, the country’s biggest crude and gas producer, rebounded from losses earlier this year to post a first-half profit amid reduced spending. Oil and gas equivalent output from the field reached 26.5 million tons in the first six months of the year, on its way to meeting the 50-million-ton annual ...

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India, US hit upon Indian Ocean natural gas discovery

  AFP Scientists from India, the United States and Japan have struck upon a large natural gas deposit in the Bay of Bengal, the first potentially producible discovery of its kind in the Indian Ocean. A research expedition carried out jointly by the three countries discovered the natural gas hydrate — an ice-like form of the fuel — off India’s ...

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Maruti net rises 23% as India top seller seizes on SUV boom

  Bloomberg Maruti Suzuki India Ltd.’s profit climbed 23 percent as demand for its Vitara Brezza sport utility vehicle led a more than doubling of sales in India’s fastest-growing segment. Net income in the quarter through June rose to 14.9 billion rupees ($221 million) from 12.1 billion rupees a year earlier, the New Delhi-based unit of Suzuki Motor Corp. said ...

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