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Kerala scientist finds `oil-eating` bacteria

Last Updated: Tuesday, July 22, 2014, 21:35

A scientist from Kerala has discovered three new species of oil-degrading bacteria from industrial waste.

Syria war causes USD 21.4 billion losses to oil industry

Last Updated: Tuesday, July 22, 2014, 21:07

Syria`s oil and gas industries have suffered total losses of USD 21.4 billion since the outbreak of the country`s war three years ago, Oil Minister Suleiman Abbas said Tuesday.

India cuts down dependence on Iran oil

India cuts down dependence on Iran oil

Last Updated: Tuesday, July 22, 2014, 17:47

India has cut its reliance on Iran for meeting its oil needs to less than 6 percent as it raised imports from countries like Columbia and Mexico.

ONGC to speed up development of KG gas finds

ONGC to speed up development of KG gas finds

Last Updated: Tuesday, July 22, 2014, 16:18

State-owned Oil and Natural Gas Corp (ONGC) will fast-track development of natural gas discoveries in its Krishna Godavari basin block with first gas planned no later than April 1, 2018.

Oil prices up in Asian trade

Oil prices up in Asian trade

Last Updated: Tuesday, July 22, 2014, 10:00

US benchmark West Texas Intermediate (WTI) for August delivery was up 54 cents at $105.13 at midday.

BJP MP demands probe into HPCL oil refinery issue

Last Updated: Tuesday, July 22, 2014, 00:17

A BJP MP from Rajasthan has demanded from the state government to investigate the oil refinery project with HPCL in the district which was started by the former Congress government.

Oil regulator to complete study on gas market margin by Dec: Govt

Oil regulator to complete study on gas market margin by Dec: Govt

Last Updated: Monday, July 21, 2014, 17:43

Oil regulator PNGRB will decide on the margin that natural gas sellers like GAIL and Reliance Industries can charge from urea manufacturers and LPG plants by year end, Oil Minister Dharmendra Pradhan said Monday.

Oil prices down in Asian trade

Oil prices down in Asian trade

Last Updated: Monday, July 21, 2014, 08:50

Tensions in the Middle East are also expected to put keep oil prices high.

ONGC begins cement plugging operation at Bombay high rig

Last Updated: Sunday, July 20, 2014, 21:01

The process of "cement plugging" the leak of high pressure inflammable gas began Sunday, a day after it was reported at an oil rig of state-owned ONGC at Bombay High off the Mumbai coast, even as inclement weather was hampering the operation.

ONGC restores 'near normalcy' at Mumbai High

Last Updated: Sunday, July 20, 2014, 16:26

State-owned Oil and Natural Gas Corp (ONGC) has restored "near normalcy" at its prime Mumbai High oil and gas fields after a minor gas leak from a well being drilled.

ONGC restores `near normalcy` at Mumbai High

Last Updated: Sunday, July 20, 2014, 16:01

State-owned Oil and Natural Gas Corp (ONGC) has restored "near normalcy" at its prime Mumbai High oil and gas fields after a minor gas leak from a well being drilled.

Q1 earnings, global cues to drive stock markets this week

Last Updated: Sunday, July 20, 2014, 11:02

Trading sentiment will also be influenced by overseas investment trend, the movement of rupee against the US dollar and crude oil price.