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IOC posts Rs 96 bn net profit

IOC posts Rs 96 bn net profit

Following the reimbursement of oil subsidy by the union government, public sector refiner Indian Oil Corp (IOC) posted a net profit of Rs 9,611 crore in the quart

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Essar Oil raises refinery capacity

Essar Oil raises refinery capacity

At a presentation to analysts, Essar Oil said it
stabalised operations at its Vadinar refinery in Gujarat at an expanded capacity of 20 million tonne per annum (mn

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OMCs to revise petrol price

OMCs to revise petrol price

Oil Marketing Companies (OMCs) would revise the price of petrol soon in view of the changes in the rupee exchange rate, international gasoline prices

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BP withdraws from 9 blocks

BP withdraws from 9 blocks

After initial assessment, UK's BP decided to withdraw from 9 oil and gas blocks in which it bought stake from Reliance Industries (R

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BHEL ties-up with Shell for gas turbine supply

BHEL ties-up with Shell for gas turbine supply

India’s largest power equipment manufacturer Bharat Heavy Electricals (BHEL) has said that it has signed an agreement with Shell, the Netherlands-based global energy and petrochemicals giant, for supply of gas turbines and generators over the next five years.

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GAIL joins hands with RSPCL

GAIL joins hands with RSPCL

GAIL (India) agreed to form a joint venture with Rajasthan State Petroleum Corporation (RSPCL) under which the former would suppl