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PM Modi inaugurates IOC's Paradip refinery

India Infoline News Service | Mumbai | February 07, 2016 18:07 IST

Set up at an estimated cost of Rs. 34,555 crore, this grassroots Refinery will further augment Indian Oil's refining capacity by 15 MMTPA.

Fitch: APAC Oil & Gas under pressure

India Infoline News Service | Mumbai | February 07, 2016 08:52 IST

Negative rating actions in APAC since oil prices started the rapid decline in 2H14 have been largely limited to small upstream companies and independent oilfield services companies.

Dharmendra Pradhan holds bilateral meeting with Bangladesh and Sri Lanka on energy issues

India Infoline News Service | Mumbai | February 07, 2016 08:43 IST

The Minister of State (I/C) for Petroleum and Natural Gas Dharmendra Pradhan held bilateral meetings with Dr. Tawfiq-e-Elahi Chowdhury, BB, Energy Adviser to PM of Bangladesh and Dr Anoma Gamage, Deputy Minister of Petroleum Resources Development of Sri Lanka in Bhubaneshwar, Odisha.

Why 75% drop in global oil prices isnt reaching you

Indiaspend.org | Mumbai | February 06, 2016 09:45 IST

India imports more than 80% of its fuel requirement, which means declining global prices should, theoretically, have seen sharp declines in retail petrol and diesel prices, Indian consumers of petrol and diesel now pay about double the global rate.

PM dedicates to the nation, Brahmaputra Cracker and Polymers at Lepetkata

India Infoline News Service | Mumbai | February 06, 2016 07:24 IST

Prime Minister said this would ensure employment generation, and avoid massive cost overruns. He said rapid industrial development of the country is necessary to create employment for India's youth.

Crude chemistry now linked to much more than markets

India Infoline News Service | Mumbai | February 05, 2016 15:43 IST

While the glut in crude oil output and the resultant impact on prices have left many of the oil-producing economies virtually crippled, it has had a chain reaction and a far bigger impact on various asset classes as the oil-producing countries have started dipping into their sovereign investment funds to support their financials, leading to strong outflows from across asset classes.

Gujarat State Petronet falls by 1% on Q3 results

India Infoline News Service | Mumbai | February 05, 2016 10:50 IST

Total Income has increased from Rs. 2562.040 mn for the quarter ended December 31, 2014 to Rs. 2762.677 mn for the quarter ended December 31, 2015.

ONGC to fix revised cost estimate for KG-D5 block in 10 days

India Infoline News Service | Mumbai | February 05, 2016 07:51 IST

The current cost estimate works out as 50 per cent plus or minus the original estimate. We are now going to arrive at the exact cost in a week or 10 days, Chairman and MD D.K. Sarraf said.

Cairn can not be allowed to export crude: Govt to Delhi HC

India Infoline News Service | Mumbai | February 05, 2016 07:49 IST

The Petroleum Ministry had earlier rejected a proposal from Cairn India to export crude oil from the block, saying that its production sharing contract (PSC) with the Centre doesnt allow exports.

Russia cries Dyadya (Uncle), Is Saudi Arabia listening?

India Infoline News Service | Mumbai | February 04, 2016 09:41 IST

January 27, however, Russia announced, in a roundabout way, its willingness to cut. According to Bloomberg, the Russian Energy Ministry issued a statement that "Energy Minister Alexander Novak and the heads of Russia's biggest oil companies discussed the possibility of working with OPEC."

Oil prices surge as USD falls...Russia open to meet OPEC

India Infoline News Service | Mumbai | February 04, 2016 06:42 IST

US traded crude oil futures rallied on Wednesday, rising by 8%, after the US dollar declined and amid news reports of Russia raising the prospect of a meeting with OPEC.

Indian Crude Oil basket price at $30.28/bbl on Feb 2

India Infoline News Service | Mumbai | February 03, 2016 11:03 IST

The price of Indian Basket decreased to Rs. 2,054.09 per bbl on Tuesday as compared to Rs. 2,140.77 per bbl on Monday.

Researchers from NUS turn paper waste into ultralight super material that improves oil spill cleaning and heat insulation

India Infoline News Service | Mumbai | February 03, 2016 10:41 IST

The cellulose aerogels are then hammered flat to remove most of the air, resulting in a magnetic thin film that has a weight capacity of over 28 tonnes per square centimetre.

SC gives approval for Gail natural gas pipeline in Tamil Nadu

India Infoline News Service | Mumbai | February 03, 2016 06:39 IST

GAIL (India) Limited, the youngest Maharatna PSU, is committed and deeply engaged in creating the national Gas infrastructure which is the backbone for economic development of the country.

Aban Offshore tanks 5% on Q3 results

India Infoline News Service | Mumbai | February 02, 2016 16:06 IST

The companys consolidated revenue stood at Rs. 733.50 crore, down 26.88% yoy and 25.92% qoq.

FIIs buy into EIL OFS

India Infoline News Service | Mumbai | February 02, 2016 06:23 IST

Government offered 3,36,93,660 shares to public through OFS route, thereby disinvesting 10% of its equity in the CPSE.

EIL retail thumbs up!

India Infoline News Service | Mumbai | February 02, 2016 06:13 IST

Out of the shares offered for sale, 20% were reserved for retail investors i.e. those investors who placed bids for shares of total value of not more than Rs 2.00 lakh. In addition a 5% discount was also offered to retail investors on price bid.

Aban Offshore Q3 net loss stands at Rs.88.7 crore

India Infoline News Service | Mumbai | February 01, 2016 18:00 IST

The company's total income has decreased from Rs. 10,164.51 mn for the quarter ended December 31, 2014 to Rs. 7,374.45 mn for the quarter ended December 31, 2015.

PSU OMC closed marginally down; BPCL skids 1.7%

India Infoline News Service | Mumbai | February 01, 2016 16:16 IST

Today, petrol price was reduced by 4 paise a litre and diesel by 3 paise a litre as the government raised excise duty to deny consumers full benefit of falling international oil prices.

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