India is feasting on Venezuelan oil, after the US imposed a de facto ban on crude imports from the Latin American nation. While flows to the US came to a halt, India became the No. 1 buyer of Venezuelan crude in the first half of February
Coal India Limited (CIL) is fast tracking the process of procuring 360 high capacity mining equipment valued at over Rs 7000 crore to bolster production after reviving the one billion tonne production target, officials said Thursday.
The National Company Law Tribunal (NCLT) has allowed the former directors of the crippled IL&FS Group to withdraw Rs 2 lakh each per month from one of their bank accounts after intimating the the tribunal.
Oil prices rose 1 percent on Friday, on track for solid weekly gains after financial markets strengthened due to hopes the United States and China may soon resolve their trade dispute.
Investment Approval for ‘Implementation of 500MVAr Thyristor Controlled Reactor at Kurukshetra 400kV bus’ at an estimated cost of Rs. 267.33 Crore with commissioning schedule of 30 months from the date of investment approval; and
The number of new oil and gas projects will rise five-fold next year from a 2015 trough but overall spending is still unlikely to be enough to meet future demand, consultancy Wood Mackenzie said in a report.
State-run Coal India Ltd , saddled with millions of tonnes of unsold coal, is expected to be the biggest beneficiary of a controversial government decision to more than halve the sales tax on the fuel after a jump in local supplies.
India’s plan to build 10 of its own nuclear reactors does not signal a pivot away from foreign suppliers, but to succeed their projects must be financially sound and based on proven technology, a top official told Reuters.
Energy has been heavily subsidised across the globe. Energy subsidies, however, have exerted an extensive economic burden on many countries
Hindustan Petroleum Corp Ltd is seeking gas oil amid planned maintenance at its 1,80,000 barrels-per-day Bathinda refinery, three industry sources said on Thursday.