India to gradually move to gas-based economy: Dharmendra Pradhan
May 06, 2016 at 14:48 | Source:
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:
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:
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 ...
India ready to clear $6.5 billion of Iran's oil dues
May 01, 2016 at 15:54 | Source:
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:
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...
Mexico's Pemex puts blast death toll at 13, blames leak| Reuters
Apr 22, 2016 at 02:16 | Source:
MINATITLAN, Mexico A leak caused a deadly petrochemical plant blast that has killed at least 13 people and the toll could rise, Mexican oil company Pemex said on Thursday, the latest in a series of fatal accidents to batter the company.Pemex CEO Jose...
Italy's Renzi signs potentially huge business deals in Iran| Reuters
Apr 13, 2016 at 05:30 | Source:
ROME Italy and Iran signed deals potentially worth billions on Tuesday when Prime Minister Matteo Renzi visited Tehran seeking a strong Italian foothold in a nation hungry for infrastructure investment as it emerges from financial isolation.Renzi was...
India links $20 bn oil and gas investment in Iran to favourable terms
Apr 11, 2016 at 08:43 | Source:
Stepping up its energy ties with Iran, India has lined up $20 billion as investment in oil and gas as well as petrochemical and fertiliser projects in the Persian Gulf country subject to provision of concessional rights.Oil Minister Dharmendra Pradha...
Congress wants parliamentary probe into CAG report on KG basin gas blocks
Apr 05, 2016 at 22:24 | Source:
New Delhi: Taking note of a CAG report on the KG basin gas blocks in which around Rs.19,576 crore was invested by the then Gujarat government led by Narendra Modi, the Congress on Tuesday sought a JPC probe into the matter.There was no 'commercial pr...
Wall Street ends flat after choppy session| Reuters
Mar 29, 2016 at 02:30 | Source:
Wall Street was mixed on Monday as weaker-than-expected U.S. economic data reduced concerns about potential interest rate hikes and a dip in oil prices pushed down energy shares.U.S. consumer spending barely rose in February and inflation retreated, ...
Wall Street flat as consumer stocks gain, energy dips| Reuters
Mar 29, 2016 at 00:45 | Source:
U.S. stocks swung between small gains and losses on Monday as consumer shares rose after encouraging data, offsetting the impact of a dip in crude oil prices on the energy sector.Data showed consumer spending rose marginally in February and overall i...
Wall St flat as consumer stocks gain, energy dips| Reuters
Mar 28, 2016 at 23:15 | Source:
U.S. stocks were little changed on Monday as gains in consumer stocks following encouraging data offset the impact of a dip in crude oil prices on the energy sector.Consumer spending rose marginally in February and overall inflation retreated - facto...
OVL gets Russian govt nod for $1.268 bn Vankor deal
Mar 25, 2016 at 17:18 | Source:
New Delhi: Russian government has approved ONGC Videsh Ltd's deal to buy 15 per cent in the country's second biggest oil field of Vankor from Rosneft for USD 1.268 billion.OVL, the overseas arm of the state explorer Oil and Natural Gas Corp (ONGC), h...
India signs energy deals with Russia's Rosneft| Reuters
Mar 17, 2016 at 00:15 | Source:
NEW DELHI/MOSCOW Indian state companies signed energy deals worth billions of dollars with Russia's Rosneft on Wednesday to buy into its most promising assets in Siberia, stepping up a drive to cut New Delhi's dependence on imports.Prime Minister Nar...