Oil & gas
BP to sell California refinery to Tesoro Corp for $2.5 billion
13 Aug 2012
BP will sell the ARCO retail brand rights and exclusively license the rights from Tesoro for Northern California, Oregon and Washington and continue to produce transportation fuels at its Cherry Point, Washington refinery
Oil cools as Chinese exports fall
13 Aug 2012
The International Energy Agency has revised its estimates of oil use worldwide for several years, cutting its 2013 demand forecast by 400,000 barrels per day
PSU oil firms report Rs40,540-crore Q1 net loss
10 Aug 2012
For Indian Oil Corporation, the largest among the three state-run oil PSUs, the Q1-FY’13 loss was three times its previous largest quarterly loss of Rs7,485 crore
Reliance cuts KG D6 gas reserves by 70 per cent
09 Aug 2012
RIL gets conditional approval for $1-bn investment in KG-D6 fields
08 Aug 2012
Oil minister Jaipal Reddy has pledged conditional support for Reliance Industries' plans to increase gas output
BHP chiefs forgo bonus after Shale writedown
04 Aug 2012
The CEO of BHP Billiton, Marius Kloppers, and head of petroleum Mike Yeager will not accept their bonus for 2012, after the company said it had suffered large impairments on its US shale gas assets
Drought likely to delay fuel price hike: Montek
31 Jul 2012
TNK-BP profit down on lower crude prices, taxes
27 Jul 2012
Iraq blacklists US oil giant Chevron for acquiring Kudish oil blocks
27 Jul 2012
Iraq has blacklisted US oil major Chevron Corp for acquiring two oil drilling blocks in Iraq’s northern semi-autonomous Kurdistan region from Reliance Industries (RIL).
ExxonMobil to invest $37 bn annually for next five years
27 Jul 2012
Disregarding the global economic slowdown, the US oil giant plans to invest invest $37 billion per year over the next five years in anticipation of future demand for oil and gas
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?
By Aniket Gupta | 06 Dec 2023
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
