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Indian Oil, Reliance lead Indian 8 in Fortune 500


July 10th, 2012 - 11:24 am ICT by IANS
Washington, July 10 (IANS) Eight Indian companies have made it to Fortune magazine's 2012 list of world's 500 largest companies with public sector Indian Oil and Mukesh Ambani-led Reliance ... Read more...

Posted in Business |

India, Qatar deepen energy ties, seek to promote investments (News Analysis)


April 13th, 2012 - 6:00 pm ICT by IANS
New Delhi, April 13 (IANS) With growing demands for oil and gas and uncertainty looming over supplies from sanctions-hit Iran, India has sought to deepen energy ties with Qatar. ... Read more...

Posted in Business |

Shell’s Vikram Singh Mehta named Asian business leader


October 13th, 2010 - 10:28 pm ICT by IANS
New Delhi, Oct 13 (IANS) Vikram Singh Mehta, chairman of Shell Companies in India, will receive the Asian Business Leader Award at a special dinner in London Thursday, according to a release ... Read more...

Posted in Business |

Coromandel signs fertilizer deal with Shell Research


September 13th, 2010 - 4:16 pm ICT by IANS
New Delhi, Sep 13 (IANS) Coromandel International Monday said it has entered into a licence agreement with Shell Research, an affiliate of Royal Dutch Shell Plc, to manufacture sulphur enhanced fertilizers (SEF). ... Read more...

Posted in Business |

Algeria invites India Inc for $10-bn gas pipeline project


August 22nd, 2010 - 2:14 pm ICT by IANS
By Lakshmi Krishnakumar New Delhi, Aug 22 (IANS) Oil-rich Algeria, the second largest country in Africa, has invited Indian companies to participate in a $10-billion project to build an ambitious trans-Saharan gas pipeline ... Read more...

Posted in Business |

Cairn Energy set to earn windfall from sale of business in India


August 16th, 2010 - 3:40 pm ICT by ANI
London, Aug.16 (ANI): Cairn Energy was last night in the final stages of talks to sell part of its holding in its Indian offshoot to mining group Vedanta Resources.Vedanta wants to buy ... Read more...

Posted in Business |

BP CEO Tony Hayward to step down by end of 2010: Report


July 21st, 2010 - 1:09 pm ICT by ANI
Washington, July 21 (ANI): British Petroleum's chief executive Tony Hayward is expected to step down from his post within the next ten weeks as the company seeks to restore its reputation and ... Read more...

Posted in World |

Three Chinese firms in top 10 of Fortune 500


July 9th, 2010 - 1:26 pm ICT by IANS
Beijing, July 9 (IANS) Fifty-four Chinese firms are on the Fortune Global 500 companies list by revenue, with three in the top 10, a media report said Friday. Three Chinese companies -- Sinopec, ... Read more...

Posted in Business |

Pew Environment Group excited about Obama’s expected suspension of oil-drilling


May 27th, 2010 - 11:19 pm ICT by BNO News
WASHINGTON, D.C. (BNO NEWS) – President Barack Obama’s administration is expected to announce on Thursday that any applications for exploratory drilling in the Arctic will be suspended until 2011, the Pew Environment ... Read more...

Posted in Environment |

Argentina to import gasoline for first time in 30 years


March 10th, 2010 - 12:02 pm ICT by IANS
Buenos Aires, March 10 (IANS/EFE) Argentine oil company YPF has said that it plans to import 50 million litres of gasoline as demand outstrips supply in the South American nation. Argentina, an oil-producing ... Read more...

Posted in Business |

Ruia brothers mulling over five billion pound UK listing


March 8th, 2010 - 7:10 pm ICT by ANI
London, Mar.8 (ANI): India's billionaire Ruia brothers are mulling a potential five billion pound UK listing of their oil and power businesses, which could spearhead a revival of Indian flotations in London.The ... Read more...

Posted in World |

Iraq poised to transform oil market in next decade


December 31st, 2009 - 12:57 pm ICT by IANS
By Nehal el-Sherif Berlin/Baghdad, Dec 31 (DPA) Political and security issues in war-torn Iraq have been the focus of the world's attention for more than six years. Now, the country's oil reserves are ... Read more...

Posted in Business |

Shell to cut 5,000 jobs to enhance efficiency, 3Q production drops


October 29th, 2009 - 5:14 pm ICT by IANS
Amsterdam, Oct 29 (DPA) Royal Dutch Shell reported Thursday a sharp drop in third-quarter earnings and production due to the weak global economy, and said it would cut 5,000 jobs. The cutbacks are ... Read more...

Posted in Business |

Nigerian militants attack Shell oil platform


June 29th, 2009 - 8:43 pm ICT by IANS
Nairobi/Abuja, June 29 (DPA) Nigeria's main militant group Monday said it had set a Royal Dutch Shell oil platform ablaze, the second attack since the Nigerian government last week offered an amnesty ... Read more...

Posted in World |

Shell pays $15.5 mn to settle Nigeria deaths lawsuit


June 9th, 2009 - 4:39 pm ICT by IANS
New York/Nairobi, June 9 (DPA) Royal Dutch Shell has agreed to pay $15.5 million to settle a lawsuit accusing it of human rights abuses in Nigeria. The case was due to go to ... Read more...

Posted in Business |

Hazira Port to develop cargo terminals


May 15th, 2009 - 7:13 pm ICT by IANS
Hazira (Gujarat), May 15 (IANS) Hazira Port Pvt Ltd (HPPL) is planning to develop cargo berthing facilities at Hazira port in south Gujarat at an investment of $400-500 million, a top official ... Read more...

Posted in Business |

Tata Sons joins global firms against corruption


May 9th, 2009 - 12:04 pm ICT by IANS
United Nations, May 9 (IANS) Chief executives from some of the world's leading companies, including Tata Sons of India, have thrown their support behind a United Nations treaty aimed at combating corruption. In ... Read more...

Posted in Business |

Iran warns foreign firms over delays in South Pars gas field developments


April 11th, 2009 - 5:04 pm ICT by ANI
Nicosia, April 11 (ANI) - - In the face of interminable problems that have beset Iranian efforts to develop the South Pars gas field, the National Iranian Oil Company (NIOC) has warned ... Read more...

Posted in Business |

Shell posts record profits


January 30th, 2009 - 3:14 am ICT by IANS
London, Jan 30 (DPA) Anglo-Dutch oil giant Royal Dutch Shell Thursday reported 2008 profits of $31.4 billion, despite a sharp fall in earnings in the last quarter due to tumbling oil and ... Read more...

Posted in World |

Head of NIGEC says three major gas projects will be completed by 2014


October 20th, 2008 - 10:52 am ICT by ANI
Nicosia, Oct 20 (ANI): Reza Kasaizadeh, the new Head of the National Iranian Gas Export Company (NIGEC), has said that Irans three major gas projects - the Iran LNG, the Pars ... Read more...

Posted in National |

‘Abu Dhabi to play key role in meeting world energy challenges’


September 26th, 2008 - 5:17 pm ICT by IANS
Abu Dhabi, Sep 26 (IANS) The United Arab Emirates, particularly Abu Dhabi, will have to play a key leadership role as the world faces challenges in the energy sector, according to a ... Read more...

Posted in Environment |

Tata Steel debuts on Fortune 500 list, ranks 315


July 10th, 2008 - 8:40 pm ICT by IANS
New York, July 10 (IANS) Thanks to its acquisition of the Corus group, Tata Steel has entered the Fortune 500 list at rank 315, while India's largest corporate group Reliance Industries jumped ... Read more...

Posted in World |

Nigerian oil militants call unilateral ceasefire


June 23rd, 2008 - 1:10 pm ICT by IANS
DPA Nairobi, June 23 (DPA) A militant group responsible for attacks on oil facilities that have disrupted oil production in Nigeria will observe a unilateral ceasefire from Tuesday midnight, the group said in ... Read more...

Posted in World |

Iraq goes for oilfield modernisation in big way: Report


June 20th, 2008 - 7:06 pm ICT by IANS
RIA Novosti Washington, June 20 (RIA Novosti) Iraq is to sign by month-end over 30 contracts for development and modernisation of its oil fields with major western companies, a US daily has said. ... Read more...

Posted in Business |

Shell halts oil production after militant attack


June 19th, 2008 - 10:07 pm ICT by IANS
DPA Abuja, June 19 (DPA) Royal Dutch Shell said Thursday it had shut down production at its main offshore oil field in Nigeria after a militant attack. "I can confirm that the Bonga ... Read more...

Posted in World |

Iran plans to start development work on Arash oil and gas field


June 10th, 2008 - 9:07 am ICT by ANI
Nicosia, June 10 (ANI): The Manager of the National Iranian Oil Company (NIOC) Seifollah Jashnsaz has said that NIOC will start development work on the offshore Arash oil and gas field. ... Read more...

Posted in National |

Petrobras announces new findings off Brazil coast


May 23rd, 2008 - 6:48 pm ICT by admin
Rio de Janeiro, May 23 (IANS) Brazil's state-run energy major Petrobras has announced it found new off-shore oil reserves in the Santos basin off the Sao Paulo coast close to a spot ... Read more...

Posted in World |

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