Oil & Gas - Page 32

ONGC Videsh (OVL) is set to make a foray into oil trading and has signed an initial pact with the trading arm of Azerbaijan's state energy company SOCAR, a source privy to

India on Wednesday announced auction of 46 small discovered oil and gas fields, holding about Rs70,000 crore worth of hydrocarbon reserves, that were ‘given-up’ by state-owned ONGC and Oil India. The auction,

Oil prices dipped in Asia today, pulling back further from the psychological USD 50 level as traders took profit and expectations of tighter global supply receded. At about 0815 IST, US benchmark

FY16(March ending) highlights Highest ever Profit after Tax (PAT) at $244million vs $70million in FY15 Record EBITDA at $359 million vs$177million in FY15 Best everannual Current Price Gross Refining Margin (CPGRM) at

The Supreme Court's temporary ban on registration of large diesel passenger vehicles in National Capital Region has sparked similar action elsewhere, with the National Green Tribunal ordering a halt to registering of

India and Iran today decided to jointly combat terror, radicalism and cyber crime as the two strategic partners signed 12 agreements including a "milestone" pact on developing the key Chabahar port for

Indian refiners have cleared part of the $6.4 billion owed to Iran for crude oil imports in euros through Turkey's Halkbank, three sources privy to the payment said on Saturday. This is

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