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Petrobras workers plan indefinite strike

Last Updated: Wednesday, September 2, 2015, 08:18

Hit by the scandal, the collapse of international oil prices and the sharp depreciation of the real against the dollar, the government is implementing a plan to divest almost $14 billion by 2016.

Govt stake sale in IOC subscribed over 57% by 1 pm

Last Updated: Monday, August 24, 2015, 14:10

A total of 13.95 crore shares were bid for out of 24.28 crore share on offer at a minimum price of Rs 387, as per the data available from stock exchanges at 1300 hours.

Petrobras board approves sale of 25% of fuel unit, two oppose

Last Updated: Wednesday, August 19, 2015, 09:32

Petrobras, as the company is known, wants to sell $15.1 billion of assets by the end of 2016 to help reduce its $132 billion of debt, the largest of any oil company.

Petrobras net profit falls nearly 90% in Q2

Last Updated: Friday, August 7, 2015, 16:13

The company attributed the sharp drop in net income -- a figure that was far lower than analysts had expected -- to an increase in tax expenses.

British oil company investigated for corruption in Somalia

Last Updated: Thursday, August 6, 2015, 22:14

An oil company chaired by a former leader of Britain`s ruling Conservative party is being investigated for alleged corruption in Somalia, claims the company slammed as "defamatory".

Markets may see volatility, wait for Maruti, ICICI Bank results

Last Updated: Sunday, July 26, 2015, 10:55

Besides, Parliament's proceedings would also be keenly watched for the fate of key reforms bills including GST.

IOC bags 'leading oil & gas corporate' award

Last Updated: Wednesday, July 15, 2015, 17:14

It also bagged the Oil & Gas Marketing Company of the Year and the Human Resources Management Company of the Year awards which were presented by Petroleum Minister Dharmendra Pradhan here today.

BPCL to go ahead with Bina expansion sans Oman Oil Company

Last Updated: Sunday, June 21, 2015, 20:31

With Oman Oil Company reluctant to put more money, Bharat Petroleum Corp Ltd has decided to fund the Rs 18,000-20,000 crore expansion of the Bina refinery in Madhya Pradesh on its own.

IOC to invest Rs 1,500 cr to ramp up storage in Northeast

Last Updated: Sunday, June 7, 2015, 16:17

Common people of the region, especially in hill states, suffer a lot whenever there is any natural calamity or political or social disturbances, he added.

Goldman cuts crude outlook and oil company forecasts

Last Updated: Monday, May 18, 2015, 18:34

Goldman Sachs has cut its long-term crude oil price forecasts and recommended investors sell shares in two major oil companies, saying that improved U.S. shale efficiency and higher production from OPEC will more than cover future demand.

Videocon-BPCL consortium discovers oil off Brazilian coast

Last Updated: Monday, April 20, 2015, 13:49

Good quality light oil has been established in a discovery made in an offshore Brazilian block where Videocon Industries and Bharat Petroleum Corp Ltd (BPCL) hold 40 per cent interest.

Oil Ministry allows ONGC to sell gas from small fields through bids

Last Updated: Monday, April 6, 2015, 16:20

Oil Ministry has allowed national oil companies ONGC and Oil India Ltd to sell any new natural gas supplies from their small and isolated fields through an open tender.