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Govt may ask all refineries to produce fixed level of LPG

Last Updated: Thursday, March 06, 2014, 17:58

Government is likely to order oil refineries, including private sector Reliance Industries and Essar Oil, to maintain a minimum level of LPG production to ensure uninterrupted supply of cooking gas to the public.

Essar Oil Dec qtr net profit up 63%; Rs 146-crore forex gain

Last Updated: Tuesday, February 11, 2014, 00:08

Net profit of the company in the December quarter in 2012-13 stood at Rs 32 crore.

India seeking long-term oil supply contract with Canada: Moily

Last Updated: Monday, January 13, 2014, 13:46

India is seeking a long-term oil supply contract with Canada, oil minister Veerappa Moily said on Monday.

Essar sells CBM gas at $9.16-11.63; GEECL at $8.46-22.01

Last Updated: Friday, December 13, 2013, 16:14

Essar Oil is selling gas from coal seam (CBM) at USD 9.16 to USD 11.63 while Great Eastern Energy Corp Ltd (GEECL) sells the same at USD 8.46 to 22.01, the Lok Sabha was informed on Friday.

Essar Energy operating profit dips 7% in H1 on Re fall

Last Updated: Monday, November 25, 2013, 19:44

The LSE-listed flagship Essar Group Company, which is also into power generation, oil and gas exploration apart from refining, said during the reporting period it had to take USD 483 million hit due to the rupee fall.

Essar Energy net profit declines 7% on week rupee

Last Updated: Monday, November 25, 2013, 13:36

Power plant operator and oil refiner Essar Energy Plc reported a 7 percent decline in first-half core earnings as the impact of a weak rupee offset higher margins at the India-focussed company's key Vadinar refinery.

IOC makes 1st buy of Canadian oil: Sources

Last Updated: Thursday, November 21, 2013, 17:11

Indian Oil Corp became India`s first state-refiner to buy Canadian oil, further evidence that trade routes have been redrawn by the US shale oil boom.

SC dismisses Essar Oil's plea to extend time to pay tax dues

Last Updated: Monday, November 11, 2013, 13:42

The Supreme Court Monday dismissed the plea of Essar Oil Ltd seeking extension of time for paying outstanding sales tax dues to Gujarat as the state government was not agreeable to the submission.

Essar Oil moves SC for extension of time to pay sales tax dues

Last Updated: Friday, October 04, 2013, 20:46

Essar Oil Ltd on Friday moved the Supreme Court seeking more time for paying outstanding sales tax dues to Gujarat government on the ground that it is facing financial constraints due to economic slowdown and not given tax benefits unlike other refineries.

ONGC, Essar Oil shortlisted to bid for Iraq's Nassiriya field

Last Updated: Monday, September 02, 2013, 18:03

All the 12 qualified firms will now be invited to review data packages and discuss contract terms. Iraq intends to award the project by year end.

Essar Energy Mauritius arm to buy 2.4% stake in Essar Oil

Last Updated: Monday, May 20, 2013, 21:02

London-listed Essar Energy plc Monday said its Mauritius-based unit will buy 2.41 percent stake in Essar Oil for over Rs 267 crore.

Essar Oil gets bullish on distribution, to add 50 more outlets

Last Updated: Sunday, May 12, 2013, 14:09

That apart, the company is also planning to open at least five outlets owned and operated by it.