UAE-based Gulf Petrochem has partnered with a subsidiary of Indian conglomerate Kirloskar Group to launch a specialised diesel engine oil in the Middle East and African markets.
Category: Oil & Gas
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Mahanagar Gas makes strong debut
Mahanagar Gas (MGL) has listed at Rs.540, a 28 per cent premium against issue price of `421 per share, on the National Stock Exchange (NSE). The stock hit a high of 549 within minutes of listing. It also touched a low of Rs.532 in intra-day trading.
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Ruias plan to sell another 25per cent stake in Essar Oil
After stitching a deal to sell 49 per cent stake in Essar Oil to RussiaĂÂŽs Rosneft, the Ruia family is looking at selling another 25 per cent stake in the company to an oil trader or a strategic investor like Saudi Aramco.
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Essar settles $500 mn Iran oil bill
Essar Oil, the top Indian buyer of Iranian oil, in June cleared $500 million of a debt owed to Tehran, two sources with direct knowledge of the matter have said.
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Essar Group eyes sale of Gujarat refinery | Sources
Essar Group is exploring the sale of its 405,000 barrel-per-day oil refinery in Gujarat, as the conglomerate seeks funds to reduce its debt, two sources familiar with the matter said.
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Urban toilet mission falls way short of target
In what should come as a wake-up call for the government, construction of household toilets in urban areas in 2015-16 achieved just 54 per cent of the target.
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Shutting Out Noise
HVAC equipment for a building is one of the major sources of interior noise, and this noise comes from the main fans, flow of air through the system, and flow through diffusers.
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Cairn India reports quarterly loss; reaffirms potential in Rajasthan block
Cairn India reported a quarterly loss of Rs.10,948 crore for the March quarter, primarily led by impairment loss on goodwill and non-producing oil and gas assets due to a drop in oil prices.
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ONGC to invest $5 bln in KG Basin
State-run Oil and Natural Gas Corporation (ONGC) has unveiled a Rs.34,000 crore ($5 billion) long-delayed investment plan to develop its KG Basin fields. This will help boost ONGC's oil and gas output by a fifth in about four years.
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Panel to review Odisha-IOC pact
The Odisha Government said a committee has been set up under the Chairmanship of the Secretary of Petroleum and Natural Gas Ministry to review its agreement with Indian Oil Corporation.