ONGC’s subsidy burden to be reduced before stake sale

03 Dec 2014

Govt further hikes excise duty on petrol and diesel

02 Dec 2014

The excise duty hike is expected to yield an additional Rs4,000 core in the remaining part of the current fiscal and, along with the Rs6,000 crore expected from the earlier hike in excise duty, would fetch the government an additional Rs10,000 crore

Russia to scrap South Stream gas pipeline

02 Dec 2014

Warren Buffet’s Lubrizol to buy two units of Weatherford for $750 mn

02 Dec 2014

The acquisitions of these two businesses will give Lubrizol a more significant footprint in the $20-billion oilfield chemicals business

Commercial LPG prices slashed; petrol, diesel too cost less

01 Dec 2014

State-run oil and gas marketing companies have announced a sharp reduction  of over Rs130 per non-subsidised cylinder of LPG

Oil wilts as OPEC stands by Saudi decision not to cut production

28 Nov 2014

To compete with US shale oil, production of which would be viable for a price of anywhere between $40 to $60 a barrel, OPEC has to allow for lower prices, feels Saudi Arabia, OPEC’s biggest oil producer

OPEC may decide on production curbs at tomorrow’s meet

26 Nov 2014

OPEC looks set for a compromise decision on restricting production and supply of oil, as the OPEC basket of crude fell to a low of $74.28 a barrel

Jindal Steel shelves $10-bn coal-to-diesel project: report

24 Nov 2014

Jindal, which used to own some of these coal blocks scrapped by the Supreme Court, will now have to deposit about Rs3,000 crore with the government by December as a levy for the coal it has dug out from the mines that now stand cancelled

LPG subsidy not for ‘people like me’, only for poor: Jaitley

21 Nov 2014

The next important decision India will have to take is whether people like me are entitled to get our LPG subsidy, he said

Apache Corp eyes $1.4 bn through sale of oil and gas assets

21 Nov 2014

Houston-based Apache will sell its working interest in approximately 90,000 net acres in mature southern Louisiana fields, which are characterised by high decline rates and short reserve lives

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