IndianOil to pump in Rs 2,200 crore investment for vari..

The projects include 'grass-roots terminal' at Asanur and Vallur, 'captive petroleum' project, oil and lubricant-LPG jetty at Kamarajar port..

EconomicTimes

Hindustan Petroleum's dependence on refiners to reduce ..

The capacity of Visakhapatnam refinery will rise to 15 million tonnes a year from the current 8.5 million tonnes a year by June, HPCL Chairm..

EconomicTimes

Nick Walker is new CEO of Vedanta Cairn Oil and Gas

Vedanta's Cairn Oil & Gas on Thursday announced the appointment of Nick Walker as the new chief executive officer (CEO) of the company. In a..

EconomicTimes

Vedanta set to acquire Meenakshi Energy for Rs 1,440 cr..

In an exchange filing, Vedanta said that Rs 312 crore is set to be paid upfront, while the balance Rs 1,128 crore will be in the form of sec..

EconomicTimes

India cuts windfall tax on crude oil to Rs 1,900 per to..

It has also reduced levy on ATF to Rs 3.5 per litre from earlier Rs 4.5 per litre and has reduced export duty on diesel to Rs 5 per litre, i..

EconomicTimes

Reliance suspends latest auction of gas from east coast..

"It is hereby notified that the current bidding process is suspended till further notice," the two firms said in a notice on Monday. It did ..

EconomicTimes

ONGC to rely more on advanced tech, says Sushma Rawat

ONGC is also planning to streamline processes to quickly access technologies for exploration. Rajesh Srivastava, who retired last month as O..

EconomicTimes

Lenders pick PFC-REC offer for Lanco Amarkantak Power

The PFC-REC team received 95% of lender votes by value of debt, while Adani Power secured 17%, people cited above told ET. The voting percen..

EconomicTimes

ONGC part-owned Sakhalin-1 output to be near normal by ..

Production at Russia's Sakhalin-1 block, in which ONGC has a 20% stake, will reach near normal by March after a halt for months last year fo..

EconomicTimes

Oil refiner Indian Oil set to witness board rejig

As the energy landscape witnesses major changes, the oil behemoth is looking to give current Chairman Shrikant Vaidya the Managing Director ..

EconomicTimes

Gautam Adani among potential suitors eyeing stake in st..

Adani is among possible bidders reviewing preliminary information on the business, the people familiar with the development said, asking not..

EconomicTimes

Centre sticks to demand for bigger profit share from Ve..

The Anil Agarwal-led Vedanta had moved the Supreme Court against the Delhi High Court's March order that permitted the government to seek a ..

EconomicTimes

ONGC's 'Sagar Samrat' starts oil, gas output in Arabian..

Sagar Samrat MOPU, which was commissioned on December 23 last year, will handle up to 20,000 barrels per day of crude oil, with a maximum ex..

EconomicTimes

RIL, Adani Group, NTPC among 7 bidders for SKS Power

The Chhattisgarh-based power company owes Rs 1,890 crore to two lenders, Bank of Baroda and State Bank of India. “We have received bids and ..

EconomicTimes

ONGC should pursue speed, not perfection: Arun Kumar Si..

"Let us not waste resources chasing perfection. Speed is more important than accuracy in the phase ONGC is now, where we need to make the di..

EconomicTimes

NARCL plans improved Rs 1,200-cr offer for Videocon Oi..

Lenders rejected NARCL's ₹860-crore offer in mid-November because it was very low. At a meeting in December between the lenders and NARCL, l..

EconomicTimes

Adani Power extends timeline to complete acquisition of..

Earlier in August this year, Adani Power had informed the bourses that it has agreed to acquire DB Power Ltd (DB Power), which owns and oper..

EconomicTimes

Lanco Amarkantak resolution voting extended till Jan 7 ..

The resolution professional informed lenders Friday that voting on the three plans would close on January 7. The voting deadline has been ex..

EconomicTimes

Reliance seeks bids for sale of KG-D6 gas at rates link..

Users such as city gas operators that convert gas into CNG for sale to automobiles and pipe it to household kitchens for cooking purposes, o..

EconomicTimes

Kalpataru Power secures order worth Rs 1,247 crore

Kalpataru Power Transmission Limited (KPTL) & its international subsidiaries on Friday secured new orders worth Rs 1,247 crore, the company ..

EconomicTimes