Petroleum - Latest News on Petroleum | Read Breaking News on Zee News
RIL divests Peru oil block stake

RIL divests Peru oil block stake

Last Updated: Sunday, April 20, 2014, 12:20

RIL had built up a presence in the Latin American nation of Peru in 2008.

Oil Min seeks legal opinion on BP arbitration notice

Last Updated: Thursday, April 17, 2014, 19:01

Oil Ministry has sought legal opinion on the arbitration notices slapped by British energy giant BP and Niko Resources of Canada against levy of penalties for KG-D6 gas production falling short of target.

Loss on diesel sales falls to Rs 5.49 per litre

Last Updated: Wednesday, April 16, 2014, 18:22

The loss on sale of diesel has been trimmed by 44 paise to Rs 5.49 a litre after appreciation in the value of the rupee made imports cheaper.

Kuwait to invite bids for new refinery: Oil official

Last Updated: Monday, April 07, 2014, 19:09

OPEC member Kuwait will invite bids for a new multi-billion-dollar oil refinery next month as part of a drive to modernise the key sector, a top executive said on Monday.

Hindustan Petroleum launches Club HP Star outlets

Last Updated: Thursday, March 27, 2014, 23:18

More than a decade after it launched personalised service petrol pumps under 'Club HP' brand, state-owned Hindustan Petroleum Corp Ltd (HPCL) Thursday launched premium 'Club HP Star' outlets with a promise to provide 'Good Fuel'.

EC takes note of Kejriwal`s complaint of Reliance influencing gas price hike

Last Updated: Friday, March 21, 2014, 22:17

Election Commission has taken note of AAP leader Arvind Kejriwal`s complaint that on proposal by Reliance Industries, petroleum ministry is going to hike gas prices from April 1.

Losses absorbed by oil companies may quadruple to Rs 3,700 cr

Last Updated: Thursday, March 20, 2014, 18:22

IOC, Hindustan Petroleum Corp and Bharat Petroleum Crop together are projected to lose about Rs 1,41,000 crore in revenue this financial year on selling diesel, LPG and kerosene at rates set by the government.

Loss on diesel sales declines to Rs 7.16 a litre

Last Updated: Tuesday, March 18, 2014, 19:30

The loss on sales of diesel has been trimmed by more than Re 1 to Rs 7.16 per litre on the back of softening international oil rates.

'India to miss exports target of $325 bn in current fiscal'

Last Updated: Wednesday, March 12, 2014, 18:33

Attributing the fall in February exports to decline in outbound shipments of gems & jewellery and petroleum, Director General of Foreign Trade Anup Pujari Wednesday said India will not be able to achieve the exports target of USD 325 billion in the current fiscal.

Moily cancels events after poll announcement

Last Updated: Wednesday, March 05, 2014, 21:17

Moily was to inaugurate the nation's first strategic oil storage at Mangalore, which was built to insulate the country from supply disruptions.

Nishi Vasudeva takes over as HPCL chief

Last Updated: Saturday, March 01, 2014, 18:05

Vasudeva, who turns 58 this month, was Director (Marketing) in HPCL before replacing Subir Roy Choudhury as the head of the company.

Irked Moily refuses to answer queries on gas pricing issue

Last Updated: Tuesday, February 25, 2014, 16:02

Petroleum Minister Veerappa Moily on Tuesday refused to answer queries on the FIR filed against him and industrialist Mukesh Ambani in Delhi in connection with the pricing of natural gas.