IDFC to make additional provisioning of Rs 2,500 cr, will impact net

Last Updated: Friday, July 31, 2015, 13:11

"Given that we will be transitioning to a bank by the end of second quarter of 2015-16 with no visible solution for these assets, we believe it is prudent for us to make incremental provisions against known risks," IDFC said in a BSE filing.

Petronet LNG appoints Prabhat Singh as MD & CEO

Last Updated: Thursday, July 30, 2015, 18:26

Prabhat Kumar Singh will be the new Managing Director and CEO of Petronet LNG Ltd, India's biggest liquefied natural gas importer.

Talks with Kuwait's PIC remain inconclusive: ONGC

Last Updated: Thursday, July 30, 2015, 17:05

State-owned Oil and Natural Gas Corp on Thursday said the talks to sell stake in long-delayed mega petrochemical plant at Dahej in Gujarat to Kuwait's Petrochemical Industries Company (PIC) remain inconclusive.

BP misses second-quarter profit forecast on spill charge

Last Updated: Tuesday, July 28, 2015, 13:07

The company also lowered its expected full-year organic capital spending to below $20 billion after cutting it by 13 percent earlier this year as the industry continues to grapple with low oil prices.

ONGC to invest $8.8 bn in KG oil and gas finds

Last Updated: Sunday, July 26, 2015, 12:27

ONGC has divided 12 oil and gas finds in the block KG-DWN-98/2 or KG-D5 and gas discovery in an adjacent G-4 block the Bay of Bengal into three clusters to quickly bring them to production.

A K Balyan to head Reliance Group's Oil & Gas Business

Last Updated: Saturday, July 25, 2015, 15:26

Ashok Kumar Balyan, former chief executive of Petronet LNG Ltd, has joined Anil Ambani-led Reliance Group as CEO of its Oil & Gas Business.

GAIL Q1 net drops 32% at Rs 424.14 crore

Last Updated: Thursday, July 23, 2015, 19:41

State-owned gas utility GAIL India Ltd Thursday reported a 32 percent drop in net profit at Rs 424.14 crore for the first quarter ended June on account of drop in LPG and petrochemical production and lower prices.

Iran eyes $185 billion oil and gas projects after sanctions

Last Updated: Thursday, July 23, 2015, 18:07

Iran on Thursday outlined plans to rebuild its main industries and trade relationships following a nuclear agreement with world powers, saying it was targeting oil and gas projects worth $185 billion by 2020.

Lapses by GAIL led to pipeline fire in AP last year: Regulator

Last Updated: Wednesday, July 22, 2015, 20:58

Oil regulator has found state- owned gas utility GAIL India Ltd guilty of severe lapses that led to an explosion at one of its pipelines in Andhra Pradesh, killing at least 29 persons in June last year.

Recession, not gas, drove drop in US emissions: Study

Last Updated: Tuesday, July 21, 2015, 22:18

Economic recession was the main cause for a drop in United States carbon dioxide emissions between 2007 and 2013 -- not a shift from coal- to gas-fuelled energy as widely claimed, researchers said Tuesday.

RIL to relinquish two gas discoveries off east coast

Last Updated: Sunday, July 19, 2015, 11:31

RIL and its partners -- BP plc of UK and Canada's Niko Resources -- will relinquish discoveries D-40 in NEC-25 block off the Odisha coast and D-31 in KG D6 block, sources privy to the development said.

ONGC Videsh loses bid for two oil blocks in Mexico

Last Updated: Friday, July 17, 2015, 18:23

ONGC Videsh Ltd, the overseas arm of state-owned explorer Oil and Natural Gas Corp (ONGC), has lost out on its bid for two oil blocks in Mexico's first licensing round in 88 years.