Oil & gas
BP, RIL to expand partnership, invest Rs40,000 cr in KG gas fields
16 Jun 2017
The two companies plan to expand collaboration beyond the conventional transportation and aviation fuels retailing to nonconventional mobility solutions, addressing electrification, digitisation and disruptive mobility trends
Oil PSUs sign pact for 60 million tonne west coast refinery
15 Jun 2017
The three OMCs - IOC, BPCL, HPCL- together have a refining capacity of 139 million tonnes, which will reach 200 million tonnes with the setting up of the $30 million West Coast refinery
OMCs to revise petrol, diesel prices daily from 16 June
08 Jun 2017
The move will allow oil companies to align their retail prices more closely with crude prices and will help taper their losses, as currently, it takes 14 days for oil companies to adjust retail prices
Iran snubs India, awards Farzad-B gas field to Gazprom
07 Jun 2017
Since the lifting of the sanctions last year, Iran has been reluctant to award of rights to develop Farzad-B gas field to OVL and as the row escalated, India asked state-owned oil companies to cut imports from Iran by nearly 25 per cent
