Last Updated: Wednesday, December 17, 2014, 12:52
India imported about 38 percent more oil from Iran in the eleven months to November as an easing of Western sanctions earlier in the year over Tehran`s disputed nuclear activities helped boost shipments, trade sources said.
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.
Last Updated: Friday, December 12, 2014, 19:38
Fall in stock prices of these companies have also weakened their market valuation.
Last Updated: Tuesday, December 9, 2014, 16:56
Government headhunters PESB has invited fresh applications for the top job at Oil India Ltd after it found none of previous six applicants, including the firm's Director (Finance) R S Borah, suitable.
Last Updated: Thursday, January 30, 2014, 15:40
India imported nearly 40 percent less Iranian crude last year, with no sign in the last month of 2013 that the easing of Western sanctions in a landmark deal resulted in Indian refiners bumping up their purchases.
Last Updated: Thursday, January 30, 2014, 14:49
India imported 3.86 million barrels-per-day of crude oil last year, tanker arrival data compiled by Reuters from trade sources showed on Thursday.
Last Updated: Tuesday, January 28, 2014, 14:09
The government has ordered Oil and Natural Gas Corp (ONGC) to pay a near-record Rs 13,764 crore as fuel subsidy for the December quarter, a move that will dent the firm's profitability.
Last Updated: Thursday, January 16, 2014, 18:26
In the first disinvestment through block deal this fiscal, a ministerial panel Thursday approved selling 10 percent government stake in Indian Oil Corp (IOC) to ONGC and OIL to rake in Rs 4,800-5,000 crore.
Last Updated: Wednesday, January 15, 2014, 21:46
After securing almost a third of a giant gas field in Mozambique, India Wednesday pitched for buying most of the natural gas from the project to feed its starving power plants back home.
Last Updated: Tuesday, January 14, 2014, 00:20
India and other major Iranian oil importing countries have got six months relief from reducing their import after the Islamic Republic agreed to curb parts of its disputed nuclear programme.
Last Updated: Wednesday, January 8, 2014, 14:17
ONGC Videsh Ltd (OVL) and Oil India Ltd (OIL) have completed the acquisition of Videocon Group's 10 percent stake in a giant Mozambique gas field for USD 2.475 billion, the companies said Wednesday.
Last Updated: Tuesday, January 7, 2014, 16:33
State-owned Oil and Natural Gas Corp and Oil India Ltd Tuesday paid USD 2.475 billion to Videocon Group for acquiring 10 percent stake in a giant gas field off Mozambique.
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