Oil & Gas - Page 33

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

Iran has ended free shipping of crude oil to India and has asked refiners like Mangalore Refineries (MRPL) and Essar Oil to arrange for freight, Oil Minister Dharmendra Pradhan said today. Iran

Oil prices fell today on profit- taking, after New York crude reached the highest level this year on signs that the global supply glut was easing. In early trading, New York's benchmark