State-owned oil firms incurred Rs 4,745 crore annual losses on pre-revised rates, prompting the government to more than double the price of state administered natural gas to US $4.2 per mmBtu, the Rajya Sahba was informed ...

Country’s second-largest  upstream player, Oil India Limited (OIL), will spend up to Rs 100 crore to evaluate the economic feasibility of shale gas exploitation in the country. The exercise will be completed in the next 6-12 ...

As the government is all set to launch the 9th round bidding for oil and gas blocks under NELP regime, private sector players have demanded government must restrict participation by public sector E&P companies like ONGC ...

State owned upstream company Oil India (OIL) has requested the petroleum ministry to extend the deadline for phase-I activities in Krishna-Godavari on-land block KG-ONN-2004/1 due to a delay in getting clearance from the governments of the ...

State-run upstream company Oil India Ltd (OIL) had to cut down it’s production from 9,800 tonnes per day to 5,000 tonnes per day as Numaligarh Refinary Ltd (NRL) is shut down for upgrade. Speaking with media persons ...

State-run Oil India and refiner Indian Oil Corp on Thursday denied reports that they were still considering an offer for Syrian-focussed oil explorer Gulfsands Petroleum. On Wednesday agencies reported comments from Oil India’scChairman N M Borah ...

Country's largest oil marketing company, Indian Oil Corporation (IOC) is raising its Panipat refinery capacity by 25 per cent to 15 million tonnes (mt) from October. This will account to a cost of Rs 1,000 crore. ...

BHEL to revive an agreement to set up a 1,000 Mw  plant in Sudan ...

The state owned oil marketing company has informed the BSE that the meeting of the board of directors of BPCL will be held on 27 May ...

Oil and Natural Gas Corp (ONGC) may set up a 4.5-6 million tonne refinery if the state government agrees to pick up a stake in the Rs 9,230-crore project ...