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'Report based on non-comparable benchmarks' Objects to interpretation that it gave discounts NEW DELHI: The Oil and Natural Gas Corporation has come down heavily on the U.S. investment banker Goldman Sachs for ...

State-owned giant Oil and Natural Gas Corporation has said that it has acquired 43 overseas oil and gas assets in the last six years, countering with hard facts questions raised by investment analysts at ...

Woodside Petroleum Ltd., Australia's second-largest oil and gas producer, invited Korea Gas Corp.

The National Oil and Gas Authority (Noga) said it will introduce development plans to raise output at the 77-year-old Bahrain Oil Field. The total production at the field last year was 12.027m barrels, at a daily rate of 32,861 barrels, against 12.552m barrels in 2007.

Saudi Aramco has awarded a contract for the Karan gas field to J.Ray McDermott, which is wholly-owned by US engineering and construction firm McDermott International. The turnkey contract provides for the manufacture and installation of four platforms and the construction of a 110-km-long undersea pipeline to carry the gas from the Karan field. Karan will produce 1.5bn cubic feet per day. [AMEInfo.com]

Exxon Mobil plans to dramatically increase its natural gas production in western Colorado while other companies are scaling back operations.

Lawsuits over global warming and the changing political landscape in Washington are pummeling King Coal, an industry that has long been the backbone of America's power supply.

British team pioneers reconstruction technique using enriched tissueA remarkable reconstruction technique is being trialled by British surgeons, who are harvesting stem-cell-enriched fat from women's bodies to plug the dip often left by breast cancer operations.The procedure appears to restore the softness and suppleness of breast tissues, undoing the damage frequently caused by lumpectomy and radiotherapy. Early signs indicate that it also eases the considerable pain with which patients are often left after treatment.More than 31,000 women a year in Britain with early-stage breast cancer undergo operations in which just the lump and a healthy margin of tissue around it are removed. The cavity left in the breast following surgery can vary from a dimple to a mini-crater, but the dip invariably becomes more pronounced following radiotherapy, which most patients need. Irradiation damages the blood supply to the breast and shrinks and toughens overlying skin so that it sticks to the chest