oil producer

Four foreigners kidnapped by pirates in Nigeria


August 5th, 2012 - 12:04 am ICT by IANS
Lagos, Aug 4 (IANS) Two Nigerian Navy officers were killed and four foreigners -- a Malaysian, an Iranian, a Thai and an Indonesian -- were Saturday taken hostage by suspected ... Read more...

Posted in World |

India shocked at killing of 2 Indians in Nigeria, demands probe (Lead)


July 26th, 2012 - 10:30 pm ICT by IANS
New Delhi, July 26 (IANS) India Thursday strongly condemned the brutal murder of two Indians in Nigeria and demanded a thorough probe into the gruesome incident.The two Indians were murdered ... Read more...

Posted in Uncategorized |

2 Indians killed in Nigeria, India seeks probe


July 26th, 2012 - 9:25 pm ICT by IANS
New Delhi, July 26 (IANS) Two Indians have been brutally murdered and another seriously wounded by unidentified assailants in Nigeria. Strongly condemned the killings, India Thursday sought an official report ... Read more...

Posted in Uncategorized |

FDI into South Africa soars


July 9th, 2012 - 10:59 pm ICT by IANS
Pretoria, July 9 (IANS) South Africa led the sub-region as foreign direct investment (FDI) inflows into sub-Saharan Africa jumped by 25 percent in 2011, according to the 2012 World Investment ... Read more...

Posted in Business |

China’s to drill in South China Sea


May 7th, 2012 - 9:21 pm ICT by IANS
Beijing, May 7 (IANS) The first deep-water drilling rig developed in China will be put into service in the South China Sea Wednesday, the country's largest offshore oil producer said ... Read more...

Posted in Business |

Mexican oil giant sells $327 mn in bonds


March 14th, 2012 - 11:41 am ICT by IANS
Mexico City, March 14 (IANS/EFE) State-owned oil giant Petroleos Mexicanos said it sold 300 million Swiss francs ($327 million) worth of bonds on the international market.The seven-year bonds, which carry ... Read more...

Posted in Business |

Vedanta merges units to create India’s largest resources firm (Lead)


February 26th, 2012 - 1:09 am ICT by IANS
Mumbai, Feb 25 (IANS) Anil Agarwal-promoted Vedanta Resources Saturday said it will merge its Indian subsidiaries into a single unit this year to create India's largest natural resources firm with ... Read more...

Posted in World |

Vedanta to consolidate subsidiaries into single entity


February 25th, 2012 - 3:53 pm ICT by IANS
Mumbai, Feb 25 (IANS) In a bid to simplify operations and save costs, mining major Vedanta Resources Saturday proposed to consolidate its various subsidiaries into a single group company ... Read more...

Posted in Business |

Mexican oil firm posts nearly $25 bn surplus in 2011


February 1st, 2012 - 12:57 pm ICT by IANS
Mexico City, Feb 1 (IANS/EFE) Petroleos Mexicanos, or Pemex, said Tuesday it posted a trade surplus of $24.99 billion in 2011, up 28 percent from the prior year.Exports totaled $55.79 ... Read more...

Posted in Business |

Industrial-innovation Kazakhstan’s new economic focus


January 28th, 2012 - 12:13 am ICT by IANS
Astana, Jan 27 (IANS) Kazakhstan President Nursultan Nazarbayev Friday said the energy-rich Central Asian nation would prioritise diversification of the economy away from resource extraction toward industrial-innovation projects.In his annual ... Read more...

Posted in Politics |

Kazakhstan welcomes international observers for January polls


December 24th, 2011 - 12:31 am ICT by IANS
Astana, Dec 23 (IANS) Kazakhstan has said it would welcome international observers to monitor landmark parliament elections in mid January that would pave the way for a multi-party legislature in ... Read more...

Posted in World |

Turkish pipeline explosion halts gas exports from Iran


August 12th, 2011 - 11:31 pm ICT by BNO News
TEHRAN (BNO NEWS) -- Iranian gas flow to Turkey was halted on Friday after an explosion damaged a pipeline in eastern Turkey, Iranian state-run media reported.Firefighters were dispatched to the scene and ... Read more...

Posted in World News |

Ecuador wants to hike oil output


July 8th, 2011 - 11:23 am ICT by IANS
Quito, July 8 (IANS/EFE) Ecuador wants to increase its oil production to an average of 502,000 barrels per day (bpd) this year, up from the 486,000 bpd level registered in ... Read more...

Posted in Business |

Venezuela to spend oil income on social programmes (Lead)


April 23rd, 2011 - 5:58 pm ICT by IANS
Caracas, April 23 (IANS) Venezuelan President Hugo Chavez has announced that extra income from the country's oil exports will be used for social spending.Venezuela, South America's biggest oil producer, has ... Read more...

Posted in Business |

Chavez vows to spend extra income from oil on social programmes


April 23rd, 2011 - 4:33 pm ICT by IANS
Caracas, April 23 (IANS) Venezuelan President Hugo Chavez has announced that extra income from the country's oil exports will be used for social spending.Venezuela, South America's biggest oil producer, has ... Read more...

Posted in Business |

Vedanta not to hike Cairn India offer price


October 11th, 2010 - 3:51 pm ICT by IANS
Mumbai, Oct 11 (IANS) International metals major Vedanta Group Monday said it would not hike the price of the open offer to minority shareholders of oil producer Cairn India in which it ... Read more...

Posted in Business |

Edible oil producer ventures into energy sector


October 4th, 2010 - 7:44 pm ICT by IANS
New Delhi, Oct 4 (IANS) Edible oil producer Puri Oil Mills Ltd (POML) has ventured into hydro-power generation, investing Rs.160 crore to set up five plants with a total capacity of ... Read more...

Posted in Business |

Vedanta to pick up majority stake in Cairn India (Lead)


August 16th, 2010 - 4:31 pm ICT by IANS
Mumbai, Aug 16 (IANS) Miner Vedanta Resources Monday said it will acquire 51-60 percent of oil producer Cairn India in a deal worth $8.5-9.6 billion to enter the oil and gas space ... Read more...

Posted in Business |

Vedanta to pick up majority stake in Cairn India


August 16th, 2010 - 1:40 pm ICT by IANS
Mumbai, Aug 16 (IANS) Global metals and mining major Vedanta Group Monday said it will acquire 51-60 percent of oil producer Cairn India in a deal worth $8.5-9.6 billion. The all-cash deal will ... Read more...

Posted in Business |

Breastfeeding awareness week in Rajasthan district


August 1st, 2010 - 7:56 pm ICT by IANS
New Delhi, Aug 1 (IANS) Private sector oil producer Cairn India and the Indian Academy of Paediatricians (IAP) have launched a week-long campaign in Rajasthan's Barmer district to create awareness about the ... Read more...

Posted in Health |

Reliance eyes gas venture in US


March 17th, 2010 - 11:43 am ICT by IANS
Washington, March 17 (IANS) India's Reliance Industries Ltd. is nearing a deal to buy a big stake in a large US natural-gas field, according to the Wall Street Journal. Under the deal as ... Read more...

Posted in Business |

Explosions shake amnesty talks in Nigeria (Lead)


March 15th, 2010 - 11:53 pm ICT by IANS
Nairobi/Abuja, March 15 (DPA) Two car bombs shook a government building hosting amnesty talks in the southern Nigeria oil town Warri Monday, minutes after militants issued a bomb threat. The Movement for the ... Read more...

Posted in World |

ONGC to set up energy efficient crematoriums


February 19th, 2010 - 10:43 pm ICT by IANS
New Delhi, Feb 19 (IANS) The country's largest oil producer Oil and Natural Gas Corporation (ONGC) will launch a programme for setting up crematoriums that will have more energy efficient pyres, an ... Read more...

Posted in Business |

New oil field in Mexico could help rescue industry


February 17th, 2010 - 3:54 am ICT by IANS
Mexico City, Feb 17 (DPA) A new oil field was identified in the south of the Gulf of Mexico that could help rescue the North American country's lagging industry, according to the ... Read more...

Posted in Business |

Manmohan to go to Saudi soon, extradition treaty on cards


January 27th, 2010 - 5:29 pm ICT by IANS
By Manish Chand New Delhi, Jan 27 (IANS) Prime Minister Manmohan Singh is planning to go to Saudi Arabia around the end of February, his first overseas visit of 2010 that will ... Read more...

Posted in Uncategorized |

Venezuela to export petrol to Iran


September 7th, 2009 - 4:01 am ICT by IANS
Tehran, Sep 7 (DPA) Venezuelan President Hugo Chavez said Sunday at the end of his two-day visit to Iran that his country would export petrol to the Islamic republic, ISNA news agency ... Read more...

Posted in Business |

Brunei eyeing tourism investments in Himachal Pradesh


June 14th, 2009 - 5:25 pm ICT by IANS
By Vishal Gulati Shimla, June 14 (IANS) Brunei Darussalam, the third largest oil producer in Southeast Asia, is eyeing business prospects in hospitality industry in this hill station, a senior functionary said here ... Read more...

Posted in Business |

Abu Dhabi, a strong candidate for headquarters of Renewable Energy Agency


April 8th, 2009 - 11:53 am ICT by ANI
Dubai, Apr 8 (ANI): The emirate of Abu Dhabi in the UAE, although an oil producer, is considered to be one of the strong candidates for hosting the headquarters of the International ... Read more...

Posted in World |

Staff strike will hit ONGC margins, says its chairman


March 26th, 2009 - 6:00 pm ICT by IANS
New Delhi, March 26 (IANS) Government-run oil producer Oil and Natural Gas Corp Thursday conceded that this quarter's production may drop on account of the recent employees' strike. Speaking to reporters on the ... Read more...

Posted in Business |

Fire breaks out in Yemen oil field, no casualties


March 23rd, 2009 - 3:48 am ICT by IANS
Sanaa, March 23 (DPA) A major fire broke out in an oil field operated by the French oil firm Total in southeastern Yemen Sunday, but no casualties or production losses were reported, ... Read more...

Posted in World |

OPEC decides to keep oil output unchanged (Lead)


March 16th, 2009 - 1:16 am ICT by IANS
Vienna, March 15 (DPA) The world's leading oil producers will not reduce their production goals in light of the ongoing financial crisis, the Organization of Petroleum Exporting Countries (OPEC) announced Sunday after ... Read more...

Posted in Business |

OPEC warns of consequences of oil price drop


March 15th, 2009 - 7:31 pm ICT by IANS
Vienna, March 15 (DPA) The decline in prices of crude oil during the worldwide recession will have medium- and long-term consequences for the international oil industry, the president of the Organisation of ... Read more...

Posted in World |

Yemen’s main oil pipeline blown up


January 30th, 2009 - 6:32 am ICT by IANS
Sana'a (Yemen), Jan 30 (DPA) Unknown attackers blew up Yemen's main oil pipeline that carries crude oil from the north-central province of Marib to a Red Sea export terminal Thursday, but export ... Read more...

Posted in World |

French ship with nine crew hijacked off Nigerian coast


January 6th, 2009 - 11:00 am ICT by IANS
Paris, Jan 6 (DPA) Pirates have seized a French ship off the Nigerian coast and taken its nine crew members hostage, the ship owners have said. The ship, which conducted transport of ... Read more...

Posted in World |

ONGC chairman defends acquisition of Imperial Energy


January 3rd, 2009 - 4:19 pm ICT by IANS
New Delhi, Jan 3 (IANS) Defending the acquisition of Imperial Energy, the state-run oil producer Oil and Natural Gas Corp (ONGC) has said the British energy major's potential was "very good".ONGC recently ... Read more...

Posted in Business |

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