Oil & Gas - Page 32

The Centre on Thursday told the Delhi High Court that crude oil being a scarce resource, Cairn India, a subsidiary of UK-based Vedanta group, could not be allowed to export it from its Barmer oil

UK's BP has trimmed its stake in Castrol India after it sold 11.5 per cent stake in the lubricant firm for about Rs 2,075 crore. BP, which held 70.92 per cent stake

ONGC Videsh Ltd has taken a bridge loan of $1.2 billion from a group of foreign banks at a highly competitive rate of about 1.3 per cent to fund its acquisition of

Oil refiner cum retailer Indian Oil Corporation Ltd (IOCL) aims to reach a refining capacity of 9-10 million tonne (mt) in this fiscal at its 15 mt crude oil refinery at Paradeep.

Royal Dutch Shell Plc announced that Nitin Prasad will take over from Yasmine Hilton as the Chairman of Shell Companies in India from October 1, 2016. Hilton, who is also VP IT

Prime Minister Narendra Modi will visit Iran on May 22-23 as India looks at stepping up engagement with the sanctions-free energy-rich nation. India is looking at doubling oil imports from the Persian

Numaligarh Refinery Limited ( NRL ) as part of its efforts to implement its bio-refinery project, the first in the country, has signed a bio-refinery termsheet with Finland's Chempolis Oy in New

The Centre's green panel has given its nod to RILfor carrying out eight additional exploratory well drilling to ascertain reservoir capacity and commercial viability of hydrocarbons in the block CY-III-D5 in Bay

A rally in U.S. crude oil prices recently has put the market on its firmest footing since the rout started in 2014, with the spread between prices for near-term delivery and future