Oil Marketing Companies (OMCs) would revise the price of petrol soon in view of the changes in the rupee exchange rate, international gasoline prices
Category: Oil & Gas
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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
IndiaĆ¢ā¬ā¢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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Ministry may urge ONGC to decommission project
Agency reports suggest that the union environment ministry would urge ONGC to decommission an abandoned pipeline project in the Nagapattinam district of T
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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
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ONGC’s stake sale in KG block awaits govt nod
The sale of 26 per cent stake by Oil and Natural Gas Corporation (ONGC) in its KG Basin exploration block to a Japanese firm is awaiting the approval of the centr
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Minister hopes RIL would comply with audit
Union Petroleum Minister M Veerappa Moily expressed hope that Reliance Industries (RIL) would comply with the audit by Comptroller & Auditor General (CAG
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Govt to move further on shale gas policy
After receiving comments from the industry on the draft shale gas policy, the union oil ministry is expected to move a cabinet note on this
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OMCs set to announce losses in Sept quarter
Delay in the receipt of compensation from the government may cause the oil marketing companies (OMCs) to post losses during the September 2012 quart
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OMCs’ under-recovery for diesel stands at Rs 9.84
For the first fortnight of November effective November 1, the under-recovery incurred by oil marketing companies (OMCs) on sale of diesel remains at a high level of Rs