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Iran`s Oil Company ‘agent’ of country`s military: US

Last Updated: Tuesday, September 25, 2012, 11:03

The US says there is a link between the Iran`s state oil company to the country`s Islamic Revolutionary Guard Corps.

CAG to audit under-recoveries of oil companies

Last Updated: Sunday, September 2, 2012, 13:28

After oil and gas field contracts, the Comptroller and Auditor General (CAG) wants to audit huge under-recoveries or revenue losses reported by state-run oil retailers on sale of diesel and cooking fuels.

Under huge financial strain: Oil marketing companies

Last Updated: Sunday, June 3, 2012, 22:31

The companies incurred losses due to sale of three products - diesel, liquefied petroleum gas (LPG) and kerosene - at highly subsidised prices, it said.

IOC Q4 net up over three-fold at Rs 12,670.43 cr

Last Updated: Monday, May 28, 2012, 15:25

The net profit rose to Rs 12,670.43 crore, or Rs 52.19 a share, in the January-March quarter from Rs 3,905.16 crore, or Rs 16.08 per share, a year earlier, the company said in filing to the stock exchanges.

Spain threatens Argentina over YPF seizure

Last Updated: Wednesday, April 18, 2012, 09:18

An incensed Spain threatened swift economic retaliation against Argentina on Tuesday after it unveiled plans to seize YPF, the South American nation's biggest oil company which is controlled by Spanish energy group Repsol.

IOC Lanka seeks fuel price hike

Last Updated: Tuesday, April 3, 2012, 14:04

The government price revision of fuel prices in February had led to island-wide protest action, leading to police fire.

Exxon mulls $10.9 billion approach for Gulf Keystone: Report

Last Updated: Monday, December 19, 2011, 09:07

US oil major Exxon Mobil Corp is mulling a 7 billion pound (USD 10.9 billion) takeover of Kurdistan-focused explorer Gulf Keystone Petroleum, the Independent on Sunday reported.

Exxon, Rosneft tie up in Russian Arctic, US

Last Updated: Tuesday, August 30, 2011, 22:29

US oil company Exxon and Russia's Rosneft signed a deal on Tuesday to develop oil and gas reserves in the Russian Arctic, opening up one of the last unconquered drilling frontiers to the global industry No.1.

Pakistan spuds 21 new oil wells

Last Updated: Sunday, August 21, 2011, 21:00

Pakistan's state-run OGDCL oil company has spudded 21 new oil wells with net crude production of 37,370 bpd during the fiscal ending June 30, a media report said Sunday.

Venezuela condemns US sanctions on oil company

Last Updated: Wednesday, May 25, 2011, 12:59

President Hugo Chavez`s government condemned U.S. sanctions imposed on Venezuela`s state oil company for doing business with Iran, saying it is evaluating how fuel shipments might be affected.

Russian spy named advisor for oil company Rosneft: Report

Last Updated: Monday, December 13, 2010, 12:31

Andrei Bezrukov was deported along with 12 other agents from the US in July.