 | EU sanctions on Iran have little impact on crude |
NEW DELHI: International crude oil prices fell unexpectedly on Monday despite the start of European Union's sanctions against purchase of Iranian... |
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| High excise duty dampens branded fuel market |
With the levy making unbranded fuel cheaper, consumers turn away OMCs plead in vain with finance, petroleum ministries. The growing price differe... |
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| Anadarko signs $556 million JV for Gulf project |
Anadarko Petroleum Corp said it entered into a $556 million joint venture with an undisclosed party to develop its deepwater Gulf of Mexico Luciu... |
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| Under-recoveries high on diesel, kerosene, LPG |
New Delhi, The Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas have reviewed international prices of ... |
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| Oilcos loss on diesel, LPG sale halve on falling global rates |
New Delhi: Losses on sale of diesel and cooking fuels by oil PSUs have almost halved following a sharp dip in international oil rates and strengt... |
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| Eni stake in HOEC up for grabs, bankers approach ONGC |
New Delhi: Italy's Eni SpA has evinced interest in selling its holding in Hindustan Oil Exploration Co. Ltd (HOEC), and state-owned Oil and Natur... |
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| The biofuel grind |
Or why India's 20% blending target will remain impossible to achieve. The biofuel development programme has made little headway despite liberal s... |
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| Sirkar takes over as Gujarat Gas Company Limited MD |
SURAT: Gujarat Gas Company Limited (GGCL), a British Gas (BG) group business, has appointed Sugata Sirkar as managing director (MD) with effect f... |
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| Bosses take stock of KG assets |
Planning Commission deputy chairman Montek Singh Ahluwalia and RIL chairman Mukesh Ambani in New Delhi on Monday. RIL chairman Mukesh Ambani toda... |
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| Greece receives 8 bids for oil, gas exploration |
Greece has received eight bids by companies to search for oil and natural gas in three blocks in the western part of the country, the energy mini... |
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| Angola plans oil bidding round next year |
SINGAPORE, Angola is planning to launch a bidding round for onshore oil exploration rights next year in a bid to double production by the end of ... |
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| Iran oil sanctions risk biggest Opec export loss since Libya |
European Union (EU) sanctions on Iran entered into full force on Sunday after exemptions on some contracts and insurance ended, boosting crude pr... |
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| Enbridge faces $3.7 mln fine for 2010 US oil spill |
WASHINGTON, The U.S. pipeline regulator on Monday issued a $3.7 million civil penalty against Enbridge Inc for a July 2010 crude oil spill, the l... |
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| Natural gas wells shut in Colorado due to wildfires |
Over one hundred natural gas wells have been shut in Colorado in a precautionary move as wildfires continue to spread across the state, two compa... |
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| Sunoco, Carlyle to use Marcellus gas to power plant |
Sunoco Inc and Carlyle Group said on Monday they would bring in Marcellus Shale gas to help power their Philadelphia refinery. The two companies ... |
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| Turkmenistan takes action over oil dispute |
ASHGABAT, Turkmenistan, The government of Turkmenistan said it was taking an offshore oil dispute with Azerbaijan to an international court of ar... |
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| North Carolina governor rejects fracking law |
RALEIGH, North Carolina Governor Beverly Perdue on Sunday vetoed legislation that would have lifted a ban on hydraulic fracturing, or fracking, a... |
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