India rejects BP's request to market jet fuel

Last Updated: Monday, March 30, 2015, 15:56

Consumption of aviation fuel is set to rise in India as domestic air traffic is estimated to almost triple this decade, with more of the country`s 1.25 billion people starting to fly and as airlines connect smaller cities.

BP signs $12 billion energy deal in Egypt

Last Updated: Saturday, March 14, 2015, 15:57

British oil company BP finalised on Saturday a $12 billion deal with Egypt to develop 5 trillion cubic feet of gas resources and 55 million barrels of condensates in the West Nile Delta.

Petrobras hires JPMorgan for asset sales, sources say

Last Updated: Thursday, February 26, 2015, 09:26

Petróleo Brasileiro SA has hired JPMorgan Chase & Co to manage $3 billion in planned asset sales for this year, as fallout from a corruption scandal shuts access to financing for Brazil`s state-controlled oil producer, two sources with direct knowledge of the situation said on Wednesday.

IOC net loss in Dec quarter widens to Rs 2,636.80 cr

Last Updated: Friday, February 13, 2015, 18:04

The company had reported a net loss of Rs 961.45 crore in October-December 2013.

Oil India signs contract for two oil blocks in Myanmar

Last Updated: Saturday, December 13, 2014, 15:43

OIL-led consortium won these blocks under Myanmar offshore bidding round 2013 which was launched on April 11, last year.

Oil dives 4 percent to five-year low as selling snowballs

Last Updated: Tuesday, December 9, 2014, 10:14

Oil dived 4 percent to new five-year lows on Monday, as Wall Street expectations of a deeper price slump next year and a Kuwaiti prediction for $65 crude set off one of the biggest declines this year.

Conservationists, big oil company join forces to help whales

Last Updated: Monday, January 20, 2014, 09:47

Conservationists have joined forces with a company working on one of the world`s largest oil and gas projects to help limit the impact of seismic surveys on endangered whales.

Buffett's Berkshire buys sizable new Exxon Mobil stake

Last Updated: Friday, November 15, 2013, 09:01

Warren Buffett's Berkshire Hathaway Inc on Thursday disclosed a new USD 3.45 billion stake in Exxon Mobil Corp, after buying 40.1 million shares in the world's largest publicly traded oil company.

BP chief to share dais with Narendra Modi at university function

Last Updated: Monday, October 7, 2013, 19:38

BP Chief Executive Bob Dudley will on October 19 share dais with Gujarat Chief Minister Narendra Modi.

First unit of Paradip Refinery to be ready by December: IOC

Last Updated: Thursday, August 15, 2013, 18:25

Country's largest oil marketer Indian Oil Corporation has said the first unit of its Rs 30,000-crore Paradip refinery will be ready by the end of the year.

Diwali music video depicted as a funeral dance in Malaysia!

Last Updated: Friday, November 9, 2012, 18:53

Malaysia`s national oil company Petronas was left red faced after angry viewers pointed out that a music video it posted on its official YouTube page to mark Diwali depicted a funeral dance.