oil companies

Move products by rail: Court to oil firms


September 20th, 2012 - 5:06 pm ICT by IANS
Kochi, Sep 20 (IANS) In the backdrop of a road accident last month in Kannur involving an LPG tanker, the Kerala High Court Thursday asked public sector oil companies to ... Read more...

Posted in Business |

Congress defends, opposition slams diesel price hike


September 13th, 2012 - 10:37 pm ICT by IANS
New Delhi, Sep 13 (IANS) The Congress Thursday defended the government's decision to hike the price of diesel by Rs.5 a litre, while the opposition parties including the BJP ... Read more...

Posted in Politics |

Reserves to rise through 2030: Ecuador state oil firm


September 6th, 2012 - 11:32 am ICT by IANS
Quito, Sep 6 (IANS/EFE) Ecuadorian state oil firm Petroamazonas expects crude reserves at its fields in the Amazon region to climb by around 7 percent through 2030 thanks to a ... Read more...

Posted in Business |

Venezuela confirms start-up of oil exploration off Cuba


September 6th, 2012 - 10:48 am ICT by IANS
Lecheria (Venezuela), Sep 6 (IANS/EFE) State-owned oil giant Petroleos de Venezuela, or PDVSA, has started exploring for oil in deepwater areas off Cuba, Oil and Mining Minister Rafael Ramirez said."It ... Read more...

Posted in Uncategorized |

Brazilian firm makes deepwater oil find


August 27th, 2012 - 11:18 am ICT by IANS
Rio de Janeiro, Aug 27 (IANS/EFE) Oil and gas have been found in a deepwater basin in the Atlantic, Brazilian state-controlled oil giant Petrobras said.Tests confirmed the presence of petroleum ... Read more...

Posted in Business |

No deregulation of diesel, kerosene, LPG prices


August 21st, 2012 - 8:18 pm ICT by IANS
New Delhi, August 21 (IANS) The government has no plans to deregulate diesel, cooking gas (LPG) and kerosene prices by withdrawing subsidy on them, Minister of State for Petroleum ... Read more...

Posted in Business |

Diesel under-recoveries of oil companies rise 14 percent


August 16th, 2012 - 9:04 pm ICT by IANS
New Delhi, Aug 16 (IANS) Under-recoveries of public sector oil companies on high speed diesel (HSD) for the second fortnight of August 2012 grew 14 percent, official data released Thursday ... Read more...

Posted in Uncategorized |

India’s $3 bn oil stake in South Sudan now looks safe


August 4th, 2012 - 8:08 pm ICT by IANS
Addis Ababa, Aug 4 (IANS) The state-run Oil and Natural Gas Corp (ONGC) can heave a sigh of relief, with signs of a truce, at least in oil, between Sudan ... Read more...

Posted in World |

Will protest fuel price hike, but won’t let Left create rift: Mamata


July 27th, 2012 - 8:19 pm ICT by IANS
Bolpur (West Bengal), July 27 (IANS) Sticking to her stand of hitting the streets against the rise in fuel prices, West Bengal Chief Minister Mamata Banerjee Friday said she ... Read more...

Posted in Politics |

Mamta demands withdrawal of fuel price hike


July 25th, 2012 - 9:46 pm ICT by IANS
Kolkata, July 25 (IANS) West Bengal Chief Minister Mamata Banerjee Wednesday threatened to hit the streets if the centre did not withdraw its decision to hike petrol and diesel ... Read more...

Posted in Politics |

UAE’s Fujairah emirate to step up petroleum facilities


June 30th, 2012 - 1:29 am ICT by IANS
Fujairah, Jun 29 (IANS/WAM) Sheikh Hamad bin Mohammed Al Sharqi, the ruler of Fujairah and member of United Arab Emirates' supreme council, has directed the Fujairah Port Authority to ... Read more...

Posted in Business |

Government launches web-portal to curb LPG black-marketing


June 22nd, 2012 - 4:47 pm ICT by IANS
New Delhi, June 22 (IANS) In a bid to curb black-marketing of domestic cooking gas, the government Friday launched a web-portal that will empower nearly 14 crore users of liquified ... Read more...

Posted in Business |

Petrol prices to come down: Pranab


June 9th, 2012 - 4:18 pm ICT by IANS
Kolkata, June 9 (IANS) Petrol prices are expected to come down with the rate of crude declining in the international market, Finance Minister Pranab Mukherjee said Saturday.The oil companies ... Read more...

Posted in World |

Petrol price cut by Rs.2 a litre (Second Lead)


June 2nd, 2012 - 9:23 pm ICT by IANS
New Delhi, June 2 (IANS) In a partial roll-back, oil marketing companies cut petrol prices by Rs.2 a litre with effect from midnight Saturday after crude prices softened in the ... Read more...

Posted in Politics |

Rs.2 cut in petrol price unacceptable: CPI-M


June 2nd, 2012 - 9:04 pm ICT by IANS
New Delhi, June 2 (IANS) The CPI-M Saturday demanded the full rollback of the petrol price hike, saying the cut of Rs.2 a litre announced by oil companies was unacceptable."After ... Read more...

Posted in Uncategorized |

Congress welcomes petrol price cut, BJP wants rollback


June 2nd, 2012 - 8:04 pm ICT by IANS
New Delhi, June 2 (IANS) The Congress welcomed the Rs.2 per litre cut in petrol prices announced by oil companies Saturday but denied it was a rollback, while the ... Read more...

Posted in Politics |

Fuel shortage to ease in Chennai, says Jayalalithaa


May 29th, 2012 - 9:42 pm ICT by IANS
Chennai, May 29 (IANS) Tamil Nadu Chief Minister J. Jayalalithaa Tuesday said the acute shortage of petrol and diesel will end in the metropolis as urgent steps are being taken ... Read more...

Posted in Business |

Court reserves order on chopper firm’s plea (Lead)


May 29th, 2012 - 9:07 pm ICT by IANS
New Delhi, May 29 (IANS) The Delhi High Court Tuesday reserved its verdict on a plea of Global Vectra Helicorp, the aviation arm of the Ravi Rishi-led Vectra Group, challenging ... Read more...

Posted in Business |

BJD calls Odisha shutdown against petrol price hike


May 25th, 2012 - 6:04 pm ICT by IANS
Bhubaneswar, May 25 (IANS) Odisha's ruling Biju Janata Dal (BJD) Friday called for a statewide shutdown May 31 to protest the hike in petrol prices by oil marketing companies.At an ... Read more...

Posted in Politics |

Bengal government should cut petrol tax: Left Front


May 25th, 2012 - 5:46 pm ICT by IANS
Kolkata, May 25 (IANS) Trinamool Congress-led West Bengal government should cut sales tax on petrol after the steep hike in prices, Left Front chairman Biman Bose said Friday, adding ... Read more...

Posted in Politics |

Chopper firm’s director moves court over curbs


May 24th, 2012 - 10:07 pm ICT by IANS
New Delhi, May 24 (IANS) A director and a shareholder of Global Vectra Helicorp, the aviation arm of the Ravi Rishi-led Vectra Group, Thursday moved the Delhi High Court against ... Read more...

Posted in Business |

Akali Dal to support NDA strike call


May 24th, 2012 - 8:46 pm ICT by IANS
Chandigarh, May 24 (IANS) The ruling Shiromani Akali Dal in Punjab will support the National Democratic Alliance's call for a nationwide strike May 31 against the hike in petrol prices.Akali ... Read more...

Posted in Politics |

Reduce petrol price hike burden, Congress tells government


May 24th, 2012 - 7:15 pm ICT by IANS
New Delhi, May 24 (IANS) Facing flak both from allies like the Trinamool Congress and the DMK as well as the opposition for hiking petrol price, the Congress Thursday said ... Read more...

Posted in Politics |

Maharashtra Congress asks for petrol prices roll back


May 24th, 2012 - 5:58 pm ICT by IANS
Mumbai, May 24 (IANS) The Congress' Maharashtra state unit Thursday wrote to Prime Minister Manmohan Singh, urging him to roll back the steep, Rs.7.50 per litre hike ... Read more...

Posted in Politics |

Petrol price hike angers Kashmiris


May 24th, 2012 - 1:52 pm ICT by IANS
Srinagar, May 24 (IANS) The unprecedented steep hike in petrol price Thursday seems to have hit people in Kashmir hard, the angry protestors saying it would cripple markets, services ... Read more...

Posted in National |

Petrol price hike could have been avoided: Jayalalithaa


May 23rd, 2012 - 9:48 pm ICT by IANS
Chennai, May 23 (IANS) Slamming the central government for hiking the petrol price, Tamil Nadu Chief Minister J. Jayalalithaa Wednesday said the decision could have been avoided by sound economic ... Read more...

Posted in Politics |

Fuel price hike a necessity but no decision yet: Jaipal Reddy


May 22nd, 2012 - 9:19 pm ICT by IANS
Amritsar, May 22 (IANS) Petroleum and Natural Gas Minister S. Jaipal Reddy Tuesday said no decision had been taken on increasing fuel prices in the country but added that it ... Read more...

Posted in Politics |

RBI to defend rupee from falling further (Lead)


May 18th, 2012 - 8:53 pm ICT by IANS
Mumbai/Kolkata, May 18 (IANS) The rupee recovered after falling to its third straight daily record low against dollar Friday and the Reserve Bank of India (RBI) promised more intervention to ... Read more...

Posted in Uncategorized |

Rupee dips to new intra-day low of 54.91 to a dollar


May 18th, 2012 - 7:03 pm ICT by IANS
Mumbai/Kolkata, May 18 (IANS) The Indian rupee slumped to a new intra-day low of 54.91 against a dollar Friday even as the Reserve Bank of India assured further intervention in ... Read more...

Posted in Business |

Government to deregulate diesel prices


April 24th, 2012 - 8:41 pm ICT by IANS
New Delhi, April 24 (IANS) The government has "in-principle" agreed to deregulate diesel prices, but there is no such proposal for cooking gas, Minister of State for Finance Namo Narain ... Read more...

Posted in Business |

India seeks more gas, oil from Qatar


April 2nd, 2012 - 9:31 pm ICT by IANS
New Delhi, April 2 (IANS) India is keen to increase gas and crude oil imports from Qatar and the two countries are hopeful of soon working out the prices of ... Read more...

Posted in Business |

SpiceJet promoter to infuse Rs.100 crore


March 2nd, 2012 - 10:35 pm ICT by IANS
New Delhi, March 2 (IANS) Budget carrier Spicejet Friday said its promoter Kalanidhi Maran will infuse Rs.100 crore into the passenger carrier in lieu of five percent equity or additional ... Read more...

Posted in Business |

Treat dolphins better, say scientists


February 21st, 2012 - 6:19 pm ICT by IANS
London, Feb 21 (IANS) A group of scientists, philosophers and animal lovers have called for treating dolphins as "non human persons" for their sheer sensitivity and intelligence.Known as the Helsinki ... Read more...

Posted in World |

Srinagar-Jammu highway re-opened to traffic


February 16th, 2012 - 2:57 pm ICT by IANS
Srinagar, Feb 16 (IANS) Much to the respite of the stranded passengers on both sides of the Jawahar Tunnel in Jammu and Kashmir, the Srinagar-Jammu national highway was re-opened to ... Read more...

Posted in Uncategorized |

May consider reduction of diesel subsidy : Reddy


February 15th, 2012 - 1:15 am ICT by IANS
Gurgaon, Feb 14 (IANS) Petroleum Minister Jaipal Reddy Tuesday said his ministry may consider at an appropriate time to reduce the subsidy it incurs on selling cheaply diesel and liquefied ... Read more...

Posted in Uncategorized |

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