 | Deal lets India resume Iran oil biz |
India has joined Japan in offering government-backed insurance for ships carrying Iranian crude in the wake of European sanctions that have nearl... |
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| U.S. Gulf oil producers shut output ahead of Storm Isaac |
HOUSTON, Oil and natural gas producers in the Gulf of Mexico on Saturday braced for the first hurricane to affect the U.S. oilpatch in 2012, whic... |
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| Blast rocks Venezuela's largest refinery, kills 7 |
PARAGUANA, Venezuela, Aug 25 (Reuters) - A large gas explosion shook Venezuela's biggest refinery, the 645,000-barrels-per-day Amuay facility, in... |
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| Indian biggies bid for US LNG hubs |
MUMBAI: Reliance Industries (RIL), Oil and Natural Gas Corporation (ONGC) and GAIL want to buy shares in liquefied natural gas (LNG) terminals on... |
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| HPCL's Rs 30k-cr plant stuck on Western Ghat moratorium |
The Western Ghats Ecology Expert Panel report, submitted by ecologist Madhav Gadgil last year, was further delaying the Rs 30,000-crore refinery ... |
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| India-Pakistan: Slow progress in trade talks for petroleum, power |
NEW DELHI: Plans of India exporting petrol and power to Pakistan are making a "slow" progress as Islamabad continues to be wary of being dependen... |
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| BG India may sell Mahanagar Gas Ltd stake too |
MUMBAI: BG India is keen to sell its 49.75% stake in Mahanagar Gas Ltd (MGL), undeterred by the nagging problems of valuation and political issue... |
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| Diesel subsidy to cost government over Rs1 lakh crore |
The government will lose over Rs1 lakh crore on diesel subsidies alone in the current fiscal, as the country's diesel consumption gallops and the... |
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| Pakistan, India to discuss construction of LNG pipeline |
India had already laid a pipeline network covering 100kms for transporting LNG to Bhatinda, from where the pipeline could be extended to Pakistan... |
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| ONGC Videsh looks for higher returns from Iranian project |
New Delhi, US can impose sanctions on any firm investing more than $20 million in Iran's petroleum or natural gas sector. OVL has technology lice... |
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| Mexican firm ordered to clean up oil spill |
Mexico City: Mexican environmental authorities are demanding that state oil company Petroleos Mexicanos clean up a crude spill that occurred when... |
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| IEA may release oil reserves as soon as Sept |
Paris/New York: World oil consumers are poised to tap into emergency oil inventories as soon as early September after the International Energy Ag... |
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| US government mandate or no, fuel ethanol is here to stay |
NEW YORK — For the past five years, the US government has paid fuel companies billions of dollars in subsidies to buy home-grown, corn-based etha... |
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| Iranian Delegation to visit Islamabad to Confer on Gas Pipeline Project |
TEHRAN, A group of Iranian experts will pay a visit to Islamabad on Monday to study the latest progress in the construction of a multi-bill... |
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| Oil slick reaches Colombo coast after ship sinks |
COLOMBO — An oil slick from a rusting cargo vessel that sank in bad weather reached the coast of Sri Lanka's capital Saturday, but officials insi... |
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| Oil prices now being driven completely by sanctions against Iran |
A lackluster economic recovery, coupled with cautious consumer sentiment, is keeping demand for petroleum products suppressed. Nevertheless, ling... |
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| Talk of reserves release hits oil prices |
Oil prices have dropped amid renewed talk about the release of strategic reserves and as traders kept an eye on a tropical storm that could disru... |
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