ONGC gets one-year extension for Vietnam block

Last Updated: Thursday, August 27, 2015, 16:03

State-owned Oil and Natural Gas Corp (ONGC) today said it has received a one-year extension to explore in a Vietnam oil block in the contested waters of the South China Sea.

OVL seeks exploration licence extension for Vietnam oil block

Last Updated: Tuesday, August 25, 2015, 17:59

OVL has applied to the Vietnamese authorities for a third extension of the exploration licence for Block 128 to maintain India's strategic interest in the South China Sea, a company official said.

India to ship 10,000 tonnes of rice bran oil this fiscal

Last Updated: Sunday, August 9, 2015, 12:52

India is expecting to ship 10,000 tonne of rice bran oil this financial year after the government eased restrictions on its bulk sale, giving a boost to small rice millers, an industry body said.

This Mumbai penthouse was sold for whopping Rs 202 crore!

Last Updated: Saturday, August 8, 2015, 17:19

A sea-facing triplex penthouse in South Mumbai's Napean Sea Road locality has been bought by an industrialist for a whopping Rs 202-crore deal.

India exports record $5.5 billion worth sea food in FY'15

Last Updated: Thursday, July 2, 2015, 16:13

India exported a record one million tonnes of sea food fetching a foreign exchange of USD 5.5 billion in the last fiscal, the Marine Products Export Development Authority (MPEDA) said Thursday.

Global oil prices shoot higher

Last Updated: Wednesday, May 13, 2015, 01:06

Global oil prices rebounded sharply on Tuesday on the falling greenback, which makes dollar-priced crude cheaper for buyers using stronger currencies.

Turkmen gas could reach Europe through Iran: EU official

Last Updated: Friday, May 1, 2015, 16:59

Speaking after a meeting with Turkmen President Gurbanguly Berdymukhamedov in the capital Ashgabat,Sefcovic, vice president of the European Commission for Energy Union, also said he expected that imports of Turkmen gas via a pipeline built under the Caspian sea could begin as soon as 2019.

Oil down as Saudis end Yemen bombing; traders eye crude build

Last Updated: Wednesday, April 22, 2015, 01:31

Oil prices fell on Tuesday after Saudi Arabia announced the end of its military campaign in Yemen, easing tensions in the Middle East, and traders expected another weekly build in US crude stockpiles.

Oil prices edge higher

Last Updated: Tuesday, March 24, 2015, 19:12

Oil prices edged higher Tuesday as a weaker dollar offset disappointing manufacturing data out of top energy consumer China, traders said.

Oil prices falter on robust supplies

Last Updated: Friday, March 20, 2015, 18:41

World oil prices dropped on Friday with the market under persistent pressure from large supplies of crude and a strong dollar, traders said.

Iraq predicts oil will rise to $64-65 per barrel

Last Updated: Sunday, March 1, 2015, 23:47

Iraqi Oil Minister Adel Abdel Mahdi said Sunday he expects the price of crude oil, which dropped to a six-year low in January, to continue recovering to reach USD 64 or USD 65 per barrel.

Brent rises above $61, set for biggest monthly gain since 2009

Last Updated: Friday, February 27, 2015, 12:18

Crude oil futures rebounded on Friday, with Brent heading for its biggest monthly gain since May 2009, as supply outages in the North Sea and renewed fears of gas supply disruption in Europe supported prices.