Mexico holds oil auction for first time in 80 years

Last Updated: Thursday, July 16, 2015, 09:39

Nearly 80 years after kicking foreign energy companies out of the country, the government is offering 14 blocks in shallow waters of the Gulf of Mexico worth an estimated USD 17 billion in total.

Siemens exececutive says pricing pressures still high in turbine market

Last Updated: Friday, July 10, 2015, 09:00

German industrial company Siemens AG has not seen an easing in pricing pressures in the gas-fired turbine market, the head of the company`s energy business said on Thursday.

BRICS bank to finance energy projects from next year: Vladamir Putin

Last Updated: Thursday, July 9, 2015, 19:44

Russian President Vladimir Putin said on Thursday that a new BRICS bank would become fully operational and finance energy projects next year as emerging markets attempt to challenge the Western-dominated financial system.

India invites Canadian firms to invest in energy infra

Last Updated: Wednesday, July 8, 2015, 17:22

India has invited Canadian firms to invest in energy infrastructure and offered to jointly underwrite large projects like LNG terminals as well as refinery and petrochemical plants.

Oil Minister to lead delegation on energy dialogue with Canada

Last Updated: Friday, July 3, 2015, 20:54

The three-day bilateral energy dialogue, which beganon Friday, covers areas like hydrocarbon, thermal energy and renewable energy, an official statement said here.

SC stays CERC order asking FTIL to transfer its shares of IEX

Last Updated: Thursday, July 2, 2015, 19:17

The Supreme Court on Thursday stayed the order of power sector regulator CERC asking Financial Technologies India Ltd (FTIL) to transfer all its shares of India Energy Exchange (IEX) to a trust demat account.

CERC asks FTIL to transfer stake in IEX to trust a/c by Jul 2

Last Updated: Monday, June 29, 2015, 16:18

Power sector regulator CERC has asked Financial Technologies to transfer its entire stake in India Energy Exchange (IEX) to a trust demat account of the bourse by July 2 and fully exit the exchange by July 20.

Gulf-based GFH signs pact with Adani for Mumbai economic zone

Last Updated: Sunday, June 28, 2015, 16:20

Under the agreement, the financial group's unit Energy City Navi Mumbai (ECNM) and Adani Group will work together in creating the master plan for the lands of Phases II and III of the project, which will offer world class business infrastructure for local and international services, IT and energy companies.

Oil slides after big US gasoline build offsets crude draw

Last Updated: Thursday, June 25, 2015, 02:32

Crude oil futures settled down more than 1 percent on Wednesday after a government report showing an eighth straight weekly drop in US crude stockpiles was offset by a large build in refined products.

SoftBank keen to invest in renewable energy in Andhra

Last Updated: Tuesday, June 23, 2015, 17:24

Son told Naidu that SoftBank has formed a joint venture with Bharti Enterprises to make investments in renewable energy in India.

Carlyle Group to invest $500 mn in Magna Energy

Last Updated: Monday, June 22, 2015, 18:03

US-based private equity firm Carlyle Group Monday said it will invest USD 500 million in Magna Energy Ltd, an India-focused oil firm founded by Mike Watts, the man who saw oil in Rajasthan's Thar desert where global giant Royal Dutch Shell saw none.

SoftBank Chairman calls on PM Modi

Last Updated: Monday, June 22, 2015, 14:03

Japanese telecommunication major SoftBank's Chairman and CEO Masayoshi Son on Monday called on Prime Minister Narendra Modi and expressed interest in investing in India's renewable energy sector.