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Fuel crisis hits Tripura, SoS sent to IOC
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A fuel crisis has hit Tripura as fuel transporters have suddenly stopped carrying petrol, diesel and LPG from July 1.
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CPI(M) warns govt against fuel price hike
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The CPI(M) today warned the government against the reported move by it to increase the prices of petroleum products, and to exclude a vast section of the population from the PDS
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RIL, Essar to get Cairn crude in June
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After the government allowed private refiners to buy crude from Cairn’s fields in Rajasthan, the biggest onland discovery in two decades, Essar Oil and Reliance Industries will start routine processing
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Rs 3.50 hike in petrol, diesel prices on the cards
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The government may, from next week, find it easier to decontrol petrol and diesel prices as softening global rates would require fuel costs to be raised by just Rs 3.50 a litre for the purpose.
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GAIL fuels growth, invests Rs 4,500 cr
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GAIL India Ltd announced its foray into the southern market with the signing of an MoU with Karnataka at the Global Investors Meet which kicked off in the city on Thursday.
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RIL makes fifth oil discovery in Gujarat block
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Reliance Industries on Friday said it has made a fifth oil discovery in a block in Gujarat, but did not give reserve estimates.
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ONGC in talks for tie-ups
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State-owned Oil and Natural Gas Corporation (ONGC) is in talks with energy majors BP Plc, Exxon Mobil, BG Group, Eni and BHP Biliton for a strategic tie-up for its Krishna Godavari basin gas block.
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Deora hands over sanction letter to Karunanidhi
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Union Minister for Petroleum and Natural Gas Murli Deora on Sunday handed over the sanction letter to provide six lakh free LPG connections in 2010-11 to the State to Chief Minister M. Karunanidhi.
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Personnel and rig vessel safe: ONGC
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'Laila hits ONGC rig vessel off Kakinada', ONGC said no personnel on board rigs or the vessel Sagar Vijay has either fallen into the sea or is missing.
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Manpower crisis hits Gas Cracker Project
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Close on the heels of the Gas Authority of India Limited (GAIL) reporting fifteen per cent progress of work, a fresh crisis has gripped Assam Gas Cracker Project with a massive flight of workers, contractors and engineers from the project site leading to manpower shortage.
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Major work to start after monsoon season
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Faced with criticism over delay in execution of the Assam Gas Cracker Project, chairman-cum-managing director (CMD) of Gas Authority of India Limited (GAIL) BC Tripathi said today that 15 per cent of the project work has been completed till date.
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Oil PSUs plan to increase LPG penetration
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With LPG penetration in Orissa continuing to be low, oil public sector companies under Union Ministry of Petroleum have chalked out plans to appoint more distributors in the State.
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Acute fuel shortage looms over Manipur
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In three days’ time, vehicular movement in Manipur’s busy streets may come to a halt as the existing fuel stock may dry up if it is not replenished immediately.
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Petrol pump dealers shut shop to protest high VAT in Delhi
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Nearly all petrol pumps in Delhi shut shop today to protest the increase in VAT on diesel that has made the fuel costlier in the national capital compared to neighbouring Haryana, the pump dealers union claimed.
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Indian Oil PSUs Sign JV Agreement for $20 Billion Carabobo-1 Project in Venezuela
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Shri Murli Deora, Minister of Petroleum and Natural Gas along with Shri S.Sundareshan, Secretary Petroleum; Indian Ambassador to Venezuela Mr Lal Dingliana, Chairman Indian Oil Corporation Limited; Chairman, Oil India Limited
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Distributors blame oil firms for cooking gas refill shortage
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The mudslinging between LPG distributors and oil companies has become murkier as former is holding latter responsible for short supply of cooking gas in the city.
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Anil Ambani calls on prime minister
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Industrialist Anil Ambani called on Prime Minister Manmohan Singh here Wednesday, just days after the Supreme Court had ordered re-negotiation of the Krishna-Godavari gas supply
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Gas row: This round goes to Mukesh Ambani
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A toxic, no-holds-barred battle between two estranged brothers that sucked in the Indian government ended on Friday with the Supreme Court ruling in favour of Mukesh Ambani's Reliance Industries.
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FM-led panel to take call on fuel price deregulation
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An increase in petrol and diesel prices is almost a certainty soon after the Budget session of Parliament, with PM Manmohan Singh setting up an empowered ministerial panel under finance minister Pranab Mukherjee to decide on deregulation of motor fuel pricing.
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ONGC not to pull out of Assam: Centre
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Setting at rest all speculation, Union Minister of State for Petroleum and Natural Gas, Jitin Prasada ruled out the possibility of ONGC pulling out of Assam and resumption of seismic survey in Brahmaputra River.
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OIL poised to get Navratna status
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Well-placed sources have hinted that Oil India Limited (OIL) is poised to gain Navratna status, a development that would not only ensure better visibility to the PSU, but reinforce its already solid credentials among partners and competitors.
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Petrol pump strike today against hike in diesel VAT
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Demanding a rollback of VAT in diesel prices which saw a hike recently by the Delhi Government, all the 408 petrol pumps across the Capital will go on a day-long strike on Friday.
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OIL receives PSU award
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Oil India Limited (OIL) received the ‘Heavyweight Miniratna’ PSU award at the second Dalal Street Investment Journal PSU Award 2010 ceremony in New Delhi today.
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India snubs US over Iran pipeline
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The external affairs ministry on Friday stressed that energy security was of prime concern to the Centre and the India-Pakistan Iran pipeline was an important part of its plans.
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OIL top brass visits Duliajan
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Oil India Limited has produced highest ever crude oil production of 3.57 MT since its inception in 1959 and achieved the MoU target with the Union Ministry of Petroleum and Natural Gas.
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