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Negligence obliterated GAIL pipeline in AP

 The petroleum ministry has blamed negligence for causing the devastating fire at state-owned gas transporter GAIL India Ltd's gas pipeline in Andhra Pradesh that killed 22 people. An inquiry......

India's oil import bill to top $100 bn in current fiscal

 India's crude oil import bill is set to exceed $100 billion in the current fiscal year ending March 31, almost double its spending last year, as international oil prices trade at seven-year highs.......

Oil India to set up LNG terminal

 Even as domestic gas production has fallen 8 per cent, Oil India Ltd (OIL) is planning to set up a liquefied natural gas (LNG) receiving terminal in India. The company plans to set up a 2.5-million......

ONGC, Oil India to enter city gas biz

 Cash-rich Oil and Natural Gas Corporationand Oil India Limited have joined hands separately with Bharat Petroleum and Indian Oil Corporationfor a foray into city gas distribution.Though ONGC and......

GAIL India to buy gas from ONGC at $5.5/mmBtu

 GAIL India Ltd will buy gas from Oil and Natural Gas Corporation'snew field to come on production in Mumbai offshore from next month at $5.5 per million British thermal unit. "We will buy gas from......

Mittal strengthens presence in India

 Steel baron Lakshmi Mittal is likely to get another toe-hold in India's refining sector with the signing of a memorandum of understanding (MoU) with Hindustan Petroleum Corporation (HPCL) to study......

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