Oil exploration halted in East coast

Oil and gas exploration works in the eastern coast have been temporarily halted in the wake of the tsunamis caused by the earthquake in Sumatra in Indonesia. The Oil and Natural Gas Corporation,......

Govt to slap additional penalty of $578 mn on RIL

The government plans to impose an additional penalty of $578 million on Reliance Industries for producing less-than-targeted natural gas from its eastern offshore KG-D6 block. The penalty in the......

Reliance, ONGC, Bharat Petroleum bag top awards

Reliance Industries, Oil and Natural Gas Corporation and Bharat Petroleum Corporation walked away with the top honours at the annual PetroFed Oil & Gas Industry Awards in New Delhi on Monday. BPCL......

PSU oil companies may lose Rs 25,000 cr

The public sector oil companies-- Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum-- may suffer a Rs 25,000 crore revenue loss on fuel sales this fiscal, said S Behuria, chairman......

Petrol, diesel prices cut by Rs 2 each

Petrol and diesel prices were cut by Rs 2 per litre each as state-owned oil companies ended a nearly two-year-long hiatus in rate revision, just hours before the general election schedule is......