Australia's Santos to Pull out of Indian Blocks

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas went up to US$ 110.33/per barrel (bbl) on 4.12.2013. This was higher than ...

Iran and India have begun talks on how to resume payments that New Delhi owes Tehran over crude oil imports from the Islamic Republic, a report says. Iranian and Indian officials are in talks to discuss a mechanism for oil payments, including a ...

New Delhi, Dec 11 (IANS) An Empowered Group of Ministers (EGoM) would take the final decision on disinvesting of state-run Indian Oil Corp (IOC), a senior official said Wednesday. We have given our comments (to Department of Disinvestment). EGoM ...

NEW DELHI: This is not the time to sell family jewels as you won't get the price. That's the terse message the oil ministry has sent to the finance ministry, suggesting that the department of disinvestment pays heed to the rumble on the street and ...

Myanmar Ministry of Energy announced that it received bids from 30 companies in its maiden offshore licensing round. Among the list of 30 companies which bided, India's Reliance Industries Limited (RIL) presented its bid for three oil and gas blocks ...

Some government departments have supported the oil ministry's move to allow Reliance Industries (RIL) to charge the new gas price for all its fields in return of a bank guarantee in view of the on-going dispute over the fall in production from the ...

Underlining the importance of successful execution of projects for India's growth, Minister of Petroleum & Natural Gas M Veerappa Moily said here on Monday that it is imperative that the executive, legislature and judiciary work in tandem so that ...

State-run oil companies are feeling the pain of the finance minister's determination to meet his fiscal deficit target, with officials warning that exploration is under threat and losses at oil firms could steepen. Oil Minister M. Veerappa Moily warned the ...

The finance ministry is likely to go ahead with the disinvestment of Indian Oil Corporation (IOC) by December 10, despite a lukewarm response from overseas investors and shares touching an all-time low. IndianOil share prices have dropped down ...