Excessive buying driven by the fears of a drop in US crude and gasoline supplies has led to Oil crossing $ 74 a barrel today halting a slide caused by hopes of a Middle East ceasefire.
India's Gujarat State Petroleum Corp. has got offers from more than 13 international oil companies, including Exxon Mobil, Royal Dutch Shell, BP Plc, BG Group, for buying up to 30% equity in one of its gas fields, a senior company official said Thursday.
About the preliminary offer, submitted by the oil companies to buy a stake in one of India's biggest gas field, the official said, "We have been overwhelmed by the response. Several large international companies that include Exxon Mobil Corp. (XOM), Royal Dutch Shell PLC (RDSA), BG Group PLC (BG.LN) and BP PLC (BP) have submitted their offers to pick up a stake."
BOC India Ltd has entered into a long-term contract to supply gas for the ongoing expansion programme of JSW Steel Ltd, formerly known as Jindal Vijaynagar Steel, at its Bellary unit in Karnataka, Ind
Paris -- Global airlines are expected to lose $ 3 billion in 2006. They won't even be able to recover from $ 3.2 billion of losses in 2005 as they contend with rising fuel bills.
IATA had previously made a forecast of $ 2.2 billion of combined losses in 2006.
Crude oil in New York touched an intraday record high riding on the tension between the U.S. and Iran over Iran's nuclear program which may lead to military conflict, interrupting supplies from the wo
The country's largest petrochemical- Reliance now wants to make Punjab the agro retail nerve centre for Reliance's retail, where the first of its milk units will be set up. In keeping with its retail mantra, the plans are big which has always been the true reliance style.
Russia has once again lend the helping hand to the nation strengthening the bond of kinship which both nations have been relishing from the past.The Soviet government has agreed to provide country's T
CAIRN Energy-Europe's largest independent oil company called time on its life as the oil firm unveiled plans to float more than 90 per cent of the business on the Mumbai Stock Exchange through an init
In the international conference on Monday oil minister Murli Deora revealed that prime minister Manmohan Singh may convene his meeting with the finance minister P Chidambram for discussing a long term pricing and taxation regime for the petroleum products.
