The country’s third-largest software services firm HCL Technologies has renewed its IT operations and transformation agreement with Equinor, the largest supplier of oil and gas in the Nordic energy market and the largest offshore operator in the world in a multi-million-dollar deal.
State-owned oil companies on Tuesday accused Air India of not honouring its commitment to pay Rs 100 crore every month to clear overdue ATF outstanding of over Rs 5,000 crore and will be forced to snap supplies at major airports from Friday if no solution is offered.
Power and new and renewable energy minister Raj Kumar Singh on Tuesday said state electricity distribution companies (discoms) remain a challenge even as the National Democratic Alliance (NDA) government is working on a new scheme to further reduce losses.
Petroleum and Natural Gas Minister Dharmendra Pradhan on Tuesday said given its huge energy appetite and growth potential, India will be the key driver of global energy demand in the coming decades.
Battling a severe slowdown, India on Tuesday implored Organization of the Petroleum Exporting Countries (Opec) to not affect deeper crude oil production cuts. In meeting between petroleum and natural gas minister Dharmendra Pradhan and Mohammad Sanusi Barkindo
The world’s first floating nuclear reactor Akademik Lomonosov recently completed its epic 5,000 km Arctic voyage in 22 days, despite environmentalists warning of serious risks to the region. Loaded with nuclear fuel, it set sail from Murmansk and docked at its permanent location in Pevek
Pitching for its participation in an ongoing Rs 2,100-crore contract to upgrade a fleet of anti-submarine warfare helicopters, Bengaluru-based defence equipment maker Alpha Design Technologies Pvt Ltd (ADTL)
State-owned Saudi Aramco may be in the fray to buy out Indian government’s stake of Bharat Petroleum Co. ltd, as it gives the oil giant an opportunity to pierce into one of the world’s biggest oil retail markets, sources privy to the matter said.
India’s biggest private oil refiner Reliance Industries has resumed crude imports from crisis-hit Venezuela, using diesel exports to pay for them under a barter system that the company said Tuesday complies with US sanctions.
The Organization of the Petroleum Exporting Countries (OPEC) and its allies are committed to maintaining oil market stability beyond 2020, with physical supplies relatively tight globally, OPEC Secretary-General Mohammad Barkindo said on Tuesday.