Oil & gas
Banker Aldemire Bendine takes over as new Petrobras chief
09 Feb 2015
The appointment of Bendine, 51, who was the chief executive of state-owned Banco de Brasil, comes after the mass exit of Petrobras’s top management, including its CEO Maria das Gracas Silva Foster, last week following a multi-billion dollar corruption scandal
Fragile oil prices bolster India’s budget
05 Feb 2015
Govt to ease subsidy burden on ONGC, OIL, GAIL
04 Feb 2015
BP writes down value of KG-D6 stake over pricing issues
04 Feb 2015
British explorer BP Plc has written down the value of its investment in the eastern offshore Krishna-Godavari D6 block by $790 million, besides another $830 million in impairment charges, following lower-than-expected gas price hike
Govt may do away with LPG subsidy for high-income groups
03 Feb 2015
The government is considering doing away with the LPG subsidy for consumers in the top income bracket
Shell to end North Sea oil production
03 Feb 2015
Removing redundant platforms and pipelines, and plugging spent oil wells in the North Sea will be one of the most challenging decommissioning projects in the world
Aviation fuel price slashed over 11 per cent, to cost less than diesel
02 Feb 2015
The reduction in ATF price to Rs46.51 per litre, which has now become 10 per cent cheaper compared to diesel, brings some relief to airlines struggling with high operating costs
Shell announces $15-bn spending cuts as low oil prices bite
30 Jan 2015
The company said that it would defer spending in many areas, exit selective growth positions, and drive costs down in the supply chain
Oil could hit $200 a barrel if investments drop, says Opec’s El-Badri
27 Jan 2015
His comments pushed up the price of Brent crude for March 0.3 per cent to $48.95 a barrel on London’s ICE Futures while US benchmark WTI climbed as much as 2.7 per cent
An oil price rebound? Not so fast
27 Jan 2015
The real reason for the oil price collapse is probably that the market has now realised that prices were previously propped up on premises that are less valid now. When majority of the market participants accepted that, prices had only one way to go — down. By Shivshanker Verma
Govt-RIL dispute over Panna-Mukta ‘tax evasion’ intensifies
22 Jan 2015
The government alleges that RIL is guilty of furnishing financial statements different from audited accounts, which is tantamount to massive tax evasion
Shell affiliates in US pay $900,000 to EPA to settle violations of vehicle fuel standards
21 Jan 2015
BHP Billiton cuts oil and gas spending as oil prices plunge
21 Jan 2015
The company said it would cut oil exploration by 20 per cent to $600 million in 2015
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
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Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
