Oil & gas

Reliance to buy BP’s Malaysian petrochemicals plant for $230 million

29 Sep 2012

RIL says CAG cannot audit its operations in KGD6 basin

29 Sep 2012

US crude falls below $90 on adverse euro zone cues

27 Sep 2012

ONGC denies bidding $5 bn for ConocoPhillips' Canadian oil sand assets

25 Sep 2012

Oil and Natural Gas Corp today refuted media reports that said it had placed a $5-billion bid for part of ConocoPhillips' Canadian oil sand assets

Cairn Energy selling 8 per cent stake in India arm

25 Sep 2012

LPG distributors threaten stir against subsidy cap

24 Sep 2012

The National Federation of LPG Distributors of India has announced a nationwide strike on 1 October to oppose the cap on subsidised cooking gas cylinders that a household can obtain in a year

Fair trade panel may probe petrol pricing

24 Sep 2012

Anti-fracking protests held in US, other countries

24 Sep 2012

Cap on LPG cylinders will curb black marketing: BPCL chief

24 Sep 2012

Rs140 duty relief on LPG cylinders above the cap limit

21 Sep 2012

The government has decided to forgo customs and excise duties on LPG for cylinders that consumers buy above the 6-cylinder-a-year cap

Despite diesel price hike oil firms to lose Rs1,78,491 crore

21 Sep 2012

The three state-owned oil marketing companies are expected to incur staggering Rs1,78,491 crore loss of revenue by the end of the fiscal year  by selling diesel and cooking gas below cost

ExxonMobil to buy Bakken shale assets from Denbury Resources for $1.6 bn

21 Sep 2012

Cap on subsidised LPG may be rolled back

17 Sep 2012

BPCL signs MoU for Rs20,000 crore expansion of Kochi refinery

15 Sep 2012

Indian Oil plans Rs56,000 crore capex during 12th Plan

15 Sep 2012

BP to sell entire stake in Draugen field to Royal Dutch Shell for $240 mn

15 Sep 2012

Britain to probe petroleum price rigging

15 Sep 2012

British MPs have sought action against speculators  for rigging petroleum product prices after a whistleblower detailed how price rigging  takes place

Supreme Court directs Essar Oil Ltd to pay sales tax to Gujarat government

14 Sep 2012

Diesel to cost Rs5 more; LPG restricted to 6 cylinders a year

13 Sep 2012

Branded diesel as also LPG over and above the 6-cylinder-a-year cap will be sold at market rates, which will be decided by the oil companies

ASEAN proposes energy grids, gas pipelines with partners

12 Sep 2012

Transocean to sell 38 shallow-water drilling rigs to Shelf Drilling for $1.05 bn

10 Sep 2012

BP near $7 bn Gulf of Mexico assets sale to Plains Exploration

10 Sep 2012

South Africa lifts fracking ban in Karoo region

08 Sep 2012

ONGC Videsh buys Hess’s stake in Azerbaijan’s ACG fields for $1 billion

08 Sep 2012

The Azeri-Chirag-Gunashli oil field, which is currently at the execution stage, has a 30-year production sharing agreement with expected extraction of 1 million barrels of oil per day

No hike in fuel prices for now, says Jaipal Reddy

07 Sep 2012