 | PM seeks $25 bn cut in oil import bill |
Prime Minister Manmohan Singh has sought $25 billion cut in oil import bill to narrow current account deficit, Oil Minister M Veerappa Moily toda... |
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| Aadhaar mandatory to avail LPG subsidy in DBTL districts: Oil Ministry |
NEW DELHI: The Direct Benefit Transfer for LPG (DBTL) scheme has been launched in 20 districts of the country covering 7.3 million cooking gas co... |
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| Oil Import Cost Hits Record Rs. 7,000/bbl |
Falling rupee, rising crude set to escalate PSU oilcos' losses as well as the budget deficit In a double whammy, a depreciating rupee and rising ... |
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| Oil jumps to above $108 a barrel on Syrian crisis |
The price of oil jumped more than $2 on Tuesday, to above $108 a barrel, after the US defense secretary said American forces were ready to act on... |
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| Dangote to borrow $3.3 bln for $9 bln Nigeria refinery |
Dangote Group said on Tuesday it will borrow $3.3 billion to build a $9 billion oil refinery and petrochemical complex in Nigeria, Africa's most ... |
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| Petrofac sees opportunities in Mexico reforms |
LONDON, British energy services firm Petrofac Ltd said it was well placed to capitalise on increased investment in oil and gas projects in Mexico... |
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| Japan aims for lower LNG prices and possible new suppliers |
TOKYO, As part of its push for cheaper prices of liquefied natural gas and more sources for imports, Japan plans to host an LNG conference next m... |
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| Oman signs MoU to import Iranian gas |
DUBAI: Iran signed a memorandum of understanding (MoU) on Monday to export gas to Oman from 2015, in a 25-year deal valued at around $60 billion,... |
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| Libya warns will destroy tankers illegally exporting oil |
TRIPOLI - Libya warned on Monday it will attack and destroy any tanker illegally exporting oil after forces last week fired at a Liberian-flagged... |
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| Iran says wants to work with Qatar to boost gas output |
DUBAI - Iran wants to work with Qatar to improve gas production from the giant field they share under the Gulf, Iran's new energy minister said o... |
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| Shell, PetroChina Australia JV eyes Origin's LNG site |
HONG KONG - Australia's Arrow LNG, a joint venture between Royal Dutch Shell and PetroChina , is looking at an option of building on a rival's LN... |
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| Iran takes over part of South Pars gas field |
TEHRAN, Iran said it was frustrated with the pace at which China National Petroleum Corp. was working on Phase 11 of the South Pars gas complex a... |
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| Cairn India: Rajasthan work, Rupee slide to benefit company |
Cairn India has emerged as a value creator for investors after the quarter to June results season, in sharp contrast to other petroleum companies... |
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| Oil consumers pay more than the desired price for diesel |
The situation in Syria has sent crude oil prices higher. The price of Brent crude has touched $112.77 a barrel. This is a painful situation for a... |
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| India summons Iranian ambassador to release oil tanker |
New Delhi: India on Tuesday summoned Gholamreza Ansari, Iran's ambassador to India, for the second time in a fortnight and registered its "strong... |
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| ONGC eyes foreign company for stake sale in West India petrochemical project |
NEW DELHI: Oil and Natural Gas Corp aims to sell at least a 25 percent stake in its $3.24 billion petrochemical project in western Gujarat state ... |
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| Government approves Rs 1.83 trillion infrastructure projects to boost confidence |
NEW DELHI: The government has given strict deadlines to various authorities to fast-track various infrastructure projects of private companies li... |
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