 | Deora urges states to cut VAT on fuel ahead of price hike |
In a bid to lower the impact of an unavoidable hike in petrol and diesel prices, Oil Minister Murli Deora has asked states like Delhi and Andhra Pr... |
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| ADAG power plant may get gas only 6 months before start-up |
The government may allocate natural gas to Anil Ambani Group's proposed power plants like the Dadri project only six months prior to commissioning,... |
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| SCI to acquire 60 ships by 2015 for Rs 20K cr |
State-owned Shipping Corporation of India (SCI) today said it will acquire 60 vessels by March, 2015, entailing an investment of about Rs 20,000 cr... |
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| Oil gets extension for most exploration licences |
State-run Oil India (OIL) has secured an extension for petroleum exploration licences (PELs) for 10 of its 16 independently held blocks in Assam an... |
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| Cheaper coal-based power could trump RIL's D6 ramp-up plan |
New Delhi: Indian power sector's continued difficulty in absorbing gas supplied at a market-determined price is reating hurdles for Reliance Indust... |
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| BPCL, IOC log 39% jump in ATF sales |
Their sales of aviation turbine fuel have grown over 39 per cent thanks to rise growth in air traffic. Domestic airlines carried 211.38 l... |
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| ICICI Lombard pays Rs 177 cr to IOC as Jaipur unit fire claim |
KOLKATA: ICICI Lombard General Insurance Company has just settled a Rs 177-crore claim on account of a fire at Indian Oil Corporation's (IOC) Jaipu... |
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| Europe considers how to secure its own oil rigs |
With oil continuing to flood into the Gulf of Mexico, a number of nations around the world have taken steps to provide better oversight of the petr... |
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| Undersea oil contractor Acergy to buy peer Subsea 7 |
Oslo-listed oilfield services provider Acergy(ACY.OL) agreed to buy rival Subsea 7(SUB.OL) on Monday in an all-share deal set to create a leader in... |
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| Afghanistan to start oil-licensing round |
LONDON - Afghanistan will begin an oil tender process in July or August in a move it hopes will lure foreign investors and help revamp the war... |
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| Oil firms challenge Obama deepwater drilling banMary Rickard and Ernest Scheyder |
An absorbent boom weaves through oil-covered marsh grass at Bay Jimmy near .../LAFITTE, La. (Reuters) - A U.S. judge promised to rule by Wednesday ... |
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| BP said on Monday it has spent $2 billion so far on cleaning up the spill. |
Fueling investor concern about BP's final bill for the spill, a Democratic U.S. lawmaker on Sunday released an internal company document that said,... |
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| Russia Cuts Gas Supplies to Belarus |
Russia has cut natural gas supplies to Belarus in a dispute over outstanding debts. The move could backfire against Russia if it is seen as a threa... |
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| Brazil's Petrobras will invest $224bn |
BRASILIA: Petroleo Brasileiro SA, the Brazilian state-controlled oil company, plans to invest $224 billion through 2014 as it seeks to develop the ... |
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| Emirates National Oil Company takes on chairmanship of Gulf Energy Maritime |
International Petroleum Investment Company (IPIC), the Abu Dhabi-based oil and chemicals foreign investment group, has handed over the chairmanship... |
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| NYMEX-Crude slips as yuan uncertainty grows |
SINGAPORE - Crude prices fell on Tuesday, giving back some of its gains in the previous session,as uncertainty grew about how much Beijing would al... |
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