ONGC exec says HPCL deal won’t be merger

Acquisition by Oil & Natural Gas Corp. of the Indian governments’ majority interest in Hindustan Petroleum Corp. Ltd. (HPCL) will not result in a merger, according to an ONGC executive. Source: News


Hanssen appointed DEA chief executive officer

Maria Moraeus Hanssen has been named chief executive officer and chairman of DEA Deutsche Erdoel AG, effective January 2018. Source: News


MARKET WATCH: NYMEX gasoline retreats from 2-year highs

Light, sweet crude oil prices gained slightly on the New York market Sept. 1 as contracts for both October and November delivery closed above $47/bbl after some refineries discussed plans to restart operations following Hurricane and Tropical Storm Harvey. Source: News