 | Oil Ministry pitches for safety mechanism |
The Petroleum Ministry has asked the companies in the business of hydrocarbon exploration to have an institutional mechanism in place to meet the s... |
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| IOC eyes rural market to expand its retail network |
Indian Oil Corporation Limited (IOC), will adopt a vertical growth plan to expand its retail network. This will be part of its plan to maintain mar... |
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| New Delhi upset by Iranian sanctions |
NEW DELHI, New Delhi is concerned that sanctions imposed on Iran could restrict the investment opportunities in the Iranian energy sector, official... |
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| IOC starts buying Cairn's Rajasthan crude oil |
NEW DELHI: State-owned Indian Oil Corporation has started buying crude oil from Cairn India's Rajasthan oil fields, which have now crossed the 1,00... |
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| Won't sign gas contracts beyond 60 mmscmd: RIL |
Reliance Industries (RIL) has told the government that it will not sign contracts to supply gas from its KG-D6 fields beyond 60 million standard cu... |
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| Reliance puts cap on gas supply |
New Delhi Reliance Industries has told the government that it will not sign contracts to supply gas from its KG-D6 fields beyond 60 million units a... |
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| Fuel price hike to have only marginal impact on inflation: FM |
Finance Minister Pranab Mukherjee on Tuesday said fuel price hike will have a marginal inflationary impact and that he will meet the RBI chief befo... |
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| Tata Power-led consortium bags 3 CBM blocks in MP |
MUMBAI: Tata Power on Tuesday said a consortium led by the company has been awarded three coal bed methane (CBM) blocks for exploration in Satpura,... |
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| UK group begins oil drilling in Arctic |
A British independent oil company has started drilling an exploration well in the Arctic waters between Greenland and Canada, having won approvals ... |
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| China to boost development in western regions |
BEIJING, China will cut corporate income tax in the country's western regions and will alter resource taxes there as part of a strategy to boost de... |
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| OPEC oil reserves rise in 2009, income slides |
LONDON - OPEC's proven crude oil reserves rose four per cent in 2009 to 1.06 trillion barrels, led by an increase in Venezuela, the group said in i... |
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| BG Egypt to invest $2 billion on offshore pipeline, wells |
| CAIRO – BG Group's Egyptian subsidiary says that it plans to invest $2 billion to install a pipeline and drill new wells off Egypt's Mediterranean coa... |
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| Lagos To Get Nation's First New Refinery In 20 Years |
The journey to the building of the nation's first new refinery in over 20 years in Lagos took an assuring leap on Monday as a high powered delegati... |
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| Iran says planes get fuel; EU bans some for safety |
TEHRAN, Iranian planes continue to refuel at airports around the world, an official said on Tuesday, a day after an Iranian news report said aircra... |
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| TransCanada pipeline faces new hurdle |
With the Gulf oil spill continuing to poison U.S. attitudes toward petroleum, strident new criticism has erupted against a TransCanada (TRP-T36.410... |
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| NEPAL : NOC jacks up fuel prices |
KATHMANDU, Nepal Oil Corporation (NOC) on Tuesday jacked up the prices of petrol by Rs 3 and diesel and kerosene by Rs 2.50 per liter each. The rev... |
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| Jatropha better suited to local communities, not biofuel markets |
Study predicts the yields of jatropha will fall in the next decade and that it is better suited to community-level, rather than industrial-scale, p... |
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| Oil rebounds to over $73 after equities jump |
LONDON- Oil prices rose above $73 a barrel on Tuesday, changing direction after several days of declines, as rallying equities boosted expectations... |
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