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Al Qaeda still reaping oil profits in Yemen despite battlefield reverses| Reuters

May 26, 2016 at 23:50 | Source: FirstPost

DUBAI/LONDON/CAIRO Al Qaeda may have been pushed out of the enclave it carved out in Yemen as the country descended into civil war, but the militants are still entrenched in other parts of the country's south, reaping profits from smuggled fuel.Score...

ONGC sees higher output this year after profit beat| Reuters

May 26, 2016 at 23:15 | Source: FirstPost

NEW DELHI/MUMBAI Oil and Natural Gas Corp Ltd (ONGC) said on Friday it expects output to rise this financial year as it invests billions of dollars in ramping up production from its ageing fields.India's biggest exploration company is targeting 300 b...

ONGC Q4 net profit rises 12% to Rs 4,416 cr on subsidy exemption relief

May 26, 2016 at 17:20 | Source: FirstPost

New Delhi: State-owned Oil and Natural Gas Corp (ONGC) today reported a 12 percent rise in its March quarter net profit after the government exempted it from payment of fuel subsidy.Net profit of Rs 4,416 crore in January-March was 12.2 percent highe...

Cannot increase number of vehicles at Rohtang Pass, says Supreme Court

May 23, 2016 at 18:24 | Source: FirstPost

New Delhi: Vehicular exhausts have "adverse impacts" on glaciers, the Supreme Court on said and made clear it cannot enhance the number of petrol and diesel-run vehicles in the eco-sensitive Rohtang Pass area without any data."Let us h...

India and Iran sign pact to develop Chabahar port, aluminium plant

May 23, 2016 at 16:10 | Source: FirstPost

Tehran: India and Iran on Monday inked a dozen agreements ranging from a contract to develop the strategic Chabahar port to an initial pact to set up an aluminium plant and one on laying a railway line to give India access to Afghanistan and Central ...

PM Modi makes historic visit to Tehran: Here's a look at India-Iran relations

May 23, 2016 at 14:36 | Source: FirstPost

Indian Prime Minister Narendra Modis visit to Iran served as a fillip to the traditionally warm bilateral relations between the two nations. He visited the country following a trip by External Affairs Minister Sushma Swaraj and Minister of State for ...

Power Minister Piyush Goyal to visit Singapore and push for energy cooperation

May 20, 2016 at 19:34 | Source: FirstPost

New Delhi :Power Minister Piyush Goyal willlead a high-powered delegation to Singapore from Monday,eyeing deeper engagement in the energy sector with thecity-state which is an important source of FDI in India."The visit would primarily focus upo...

Sri Lanka to cancel Indian coal plant deal; proposes LNG instead| Reuters

May 19, 2016 at 00:48 | Source: FirstPost

COLOMBO Sri Lanka will cancel plans for a 500 megawatt Indian-built coal-fired power plant at its strategic eastern port city of Trincomalee and will instead opt for a liquefied natural gas (LNG) power plant, a cabinet minister said late on Tuesday. ...

PM Modi's visit to Iran must see Chabahar port project take off

May 18, 2016 at 15:39 | Source: FirstPost

After making successful trips to Sunni kingdoms of Saudi Arabia and UAE, Prime Minister Narendra Modi will travel to Iran, their traditional Shia rival in the region and the new destination for all eager investors after 36 years of economic sanctions...

Baghdad bombings: Death toll rises to 69 as militants attack multiple areas

May 17, 2016 at 19:29 | Source: FirstPost

Baghdad: A wave of bombings struck outdoor markets and a restaurant in Shiite-dominated neighborhoods of Baghdad on Tuesday, killing at least 69 people, officials said the latest in deadly militant attacks far from the front lines in the country's n...

Multiple bombings in Baghdad: 36 dead as militants target Shiite areas

May 17, 2016 at 17:32 | Source: FirstPost

Baghdad: A wave of bombings struck outdoor markets in Shiite-dominated neighborhoods of Baghdad on Tuesday, killing at least 36 people, officials said the latest in deadly militant attacks far from the front lines in the country's north and west whe...

India to launch auction of 67 small oil, gas fields on May 25| Reuters

May 11, 2016 at 00:45 | Source: FirstPost

NEW DELHI India will launch an auction of 67 discovered small oil and gas fields on May 25, the country's upstream regulator Directorate General of Hydrocarbons (DGH) said on Tuesday.As many as 67 small fields in 46 contract areas will go under the h...

GSPC in talks with ONGC on selling gas field stake| Reuters

May 10, 2016 at 00:15 | Source: FirstPost

NEW DELHI The Gujarat State Petroleum Corp (GSPC) said on Monday it is in talks with the country's top explorer Oil and Natural Gas Corp on selling a stake in its gas block off the east coast, to revive the challenging deep water field.The block, wh...

India to gradually move to gas-based economy, Dharmendra Pradhan says| Reuters

May 07, 2016 at 00:15 | Source: FirstPost

NEW DELHI India plans to shift to a gas-based economy by boosting domestic production and buying cheap liquefied natural gas (LNG) as the world's third-biggest oil importer seeks to curb its greenhouse emissions, oil minister Dharmendra Pradhan said....

India to gradually move to gas-based economy: Dharmendra Pradhan

May 06, 2016 at 14:48 | Source: FirstPost

India plans to shift to a gas-based economy by boosting domestic production and buying cheap liquefied natural gas (LNG) as the world's third-biggest oil importer seeks to curb its greenhouse emissions, oil minister Dharmendra Pradhan said.New Delhi ...

Factbox - Canada wildfire disrupts operations in oil sands region| Reuters

May 05, 2016 at 04:45 | Source: FirstPost

The wildfire that raged unchecked on Wednesday in the city of Fort McMurray in the heart of the Canadian oil sands region has disrupted oil company operations nearby.While oil sands facilities are not in the fire's path, a number of companies have cu...

Core sector expands by 6.4 percent in March, highest in 16 months

May 02, 2016 at 18:20 | Source: FirstPost

New Delhi: The eight core sectors expanded to 16-month high of 6.4 per cent in March due to pick-up in refinery products, fertilisers and cement production.The sectors - coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and ...

Delhi-Gurgaon route sees major traffic snarl as diesel taxi drivers protest CNG decision

May 02, 2016 at 11:29 | Source: FirstPost

New Delhi: Protesting against a Supreme Court decision to ban diesel taxis in the national capital, cab drivers, on Monday, locked traffic in Delhi's border areas, connecting Gurgaon and Noida."The taxi drivers on Monday morning blocked both the...

India ready to clear $6.5 billion of Iran's oil dues

May 01, 2016 at 15:54 | Source: FirstPost

New Delhi: Keen to step up engagement in the hydrocarbon sector with Iran, India has conveyed to the Persian Gulf nation that it was ready to clear nearly $6.5 billion of oil import dues from that country at the earliest, provided there was clarity o...

RIL entitled to recover cost on unviable gas discovery: PAC

Apr 28, 2016 at 19:27 | Source: FirstPost

New Delhi: Taking a diagonally opposite view to CAG, Parliament's Public Accounts Committee today said RILis entitled to recover all cost incurred on unviable gas discoveries as government's technical arm DGH had in the first place allowed it to reta...

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