City gas supplier Indraprastha Gas Limited reported its standalone net profit for the fourth quarter ended March 2018 rose 31 per cent to Rs 175 crore on the back of increased Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) sales. Net profit in the corresponding quarter stood at Rs 134 crore.
Vietnam’s Nghi Son Refinery and Petrochemical LLC has sold its first batch of diesel to the local market, after its new refinery was put into operation in April, the Vietnam Oil and Gas Group said on Thursday.
ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corp (ONGC), today reported a 29 per cent jump in its net profit for the fiscal year ending March 31, 2018 as it produced more crude oil and natural gas.
Exxon Mobil Corp said on Wednesday it was targeting a 15 percent cut in methane emissions by 2020, the latest effort by an oil major to reduce its carbon footprint and address climate change concerns.
Indian Oil Corp (IOC), the country’s top refiner, will turn to its traditional oil suppliers, mostly in the Middle East, if U.S. sanctions against Iran result in supply disruptions, its head of finance said.
Midsize private sector lender Yes Bank today said it has recovered Rs 184 crore through the sale of the bankrupt Bhushan Steel to Tata Steel and it will result in a provision write-back of Rs 36 crore.
British mining and energy conglomerate Vedanta Resources Plc reported better-than-expected growth in full-year core profit and revenue on Wednesday, driven by stronger commodity prices.
State-run Indian Oil Corp. Ltd (IOC) on Tuesday said its fiscal fourth-quarter profit surged 40% to Rs5,218 crore, driven by higher refinery margins and inventory gains.
Asserting that the latest round of auto fuel price hikes was mainly driven by global developments, Indian Oil Chairman Sanjiv Singh on Tuesday said the government has so far not issued any directive on holding back fuel price hikes.
SREI Infrastructure Finance faces write-off of nearly Rs 360 crore as two debtor companies enter liquidation and a third approaches the end of resolution time.