Vedanta's oil and gas production has increased thanks to Cairn India (a subsidiary) which has made its 26th oil strike in Rajasthan. Its iron ore operations suffered due to suspensions in Goa (Western India, with an Arabian Sea coast) and Karnataka. Silver production was up to 13m ounces. Goa put a ban on iron ore transportation due to accidents on the roads.
Tullow Oil, another FTSE oil and gas producer, as part of its "portfolio management and asset monetisation" process, will be selling its assets in Bangladesh to Singaporean company, KrisEnergy, for $42m. This gives Kris a 30% stake in Block 9, which includes the Bangora gas producing facility. Tullow is named after a small town in Ireland, about 35 miles South of Dublin. It's Founder and CEO is Aidan Heavey.
Tullow Oil, another FTSE oil and gas producer, as part of its "portfolio management and asset monetisation" process, will be selling its assets in Bangladesh to Singaporean company, KrisEnergy, for $42m. This gives Kris a 30% stake in Block 9, which includes the Bangora gas producing facility. Tullow is named after a small town in Ireland, about 35 miles South of Dublin. It's Founder and CEO is Aidan Heavey.
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