State-run oil marketing cos fear that they will not be able to meet the country's fuel demand after two and a half months
Oil companies BPCL, HPCL, Indian Oil not ready to pass on benefit of falling crude prices to consumers
The price of imported crude oil dipped below $100 last week, the lowest level in the current fiscal year, but oil companies are reluctant to pass on the benefits.
ONGC and PetroVietnam have signed an agreement to jointly explore upstream and down-stream opportunities in India, Vietnam and other countries to further strengthen their existing partnership in oil and gas sector.
KMG's Satpayev block in the Caspian Sea is spread over 1,482 square km and is estimated to have 1.85 billion barrels of crude oil reserves.
ONGC will strongly back Cairn India's mission to boost output from the Rajasthan block by 80% to 225,000 barrels per day, says Sudhir Vasudeva.
After months of wait, the government today appointed Sudhir Vasudeva as the Chairman and Managing Director of state-owned Oil and Natural Gas Corporation (ONGC).
Gail has an advantage over the competitor in terms of infrastructure: BC Tripathi, Gail chairman & managing director
Gail India's monopolistic situation is under threat after global energy major BP and the most valued company in the domestic market decided to forge an equal joint venture.
State-run GAIL, India's biggest gas transportation firm, has acquired its first shale gas asset in the US with an investment of $95 million.
In February BP announced to acquire 30% stake in RIL 21 oil and gas blocks that include India’s biggest gas field, KG-D 6.
Mounting losses from sale of diesel and cooking fuel and uncertainty over government support threatens to ruin the finances of top state-run refiners.
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