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Reliance raises USD 1.85 billion in long-term loan

The fundraising comes amid reports of the company planning to infuse as much as Rs 20,000 crore into its telecom unit.

Filling Iran oil gap in India: US supplies outshine Middle East crude

Market dynamics have changed, with the United States becoming the world's top oil producer.

India intensifies talks to check oil prices as US-Iran tensions rise

Indian Navy has deployed warship and aircraft to secure tankers headed to India from the Persian Gulf region.

HPCL relents, govt recognises ONGC as company promoter

HPCL became an ONGC subsidiary 15 months ago, but it has continuously refused to recognise its new boss.

Rising Iran-US tension revives India’s oil worry

So far, oil and fuel prices have remained in the comfort zone, moving in a narrow band.

India raises concerns over rising oil prices with Saudi Arabia

Global oil prices rose sharply on fears of a U.S. military attack on Iran that would disrupt flows from the Middle East, which provides more than a fifth of the world's oil output.

Vedanta shortlists Lloyd’s Register for managing oil and gas blocks

Vedanta, which produces about a quarter of the country’s crude oil, had won 41 of the 55 exploration blocks auctioned in the first round of OALP last year.

Adding over 78,000 petrol pumps is uneconomical, says Crisil

Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) in Nov last year advertised to open 78,493 more petrol pumps in the country.

Maharashtra identifies site for Saudi Aramco, ADNOC's refinery

The new site in western Maharashtra would be at Raigad district, about 100 kms (62 milies) south of the country's financial capital Mumbai.

OVL, partners agree to invest $20 billion in Mozambique LNG project

The project will initially consist of two LNG trains with a total nameplate capacity of 12.88 million tonnes per annum.

India's GSPC seeks two spot LNG cargoes for August delivery: sources

India's GSPC seeks two spot LNG cargoes for August delivery: sources

The first delivery window is between Aug. 5-12 and second is at the end of August, one of the sources added.

UAE assures supply of oil, LPG to India despite tanker attacks: Pradhan

UAE assures supply of oil, LPG to India despite tanker attacks: Pradhan

Dharmendra Pradhan said he discussed collaboration between India and the UAE during a telephone conversation with Jaber.

France's Total close to buying 30% in Adani Gas for more than $800 million: Report

France's Total close to buying 30% in Adani Gas for more than $800 million: Report

The deal is expected to trigger an open offer to public shareholders of Adani Gas, and Total may end up having a roughly equal stake in the company as billionaire promoter Gautam Adani, the report said.

Govt wants ONGC to sell 2 of its fairways in Ahmedabad and Vadodara

Govt wants ONGC to sell 2 of its fairways in Ahmedabad and Vadodara

ONGC’s fairways, used by its executives for playing the leisurely game, have been deemed ‘non-core’ assets.

Indian Oil issues tender for short-term lease of LNG storage tank

Indian Oil issues tender for short-term lease of LNG storage tank

The contract period is for two years from the date of the agreement execution, according to the document.

Reliance, BP to develop deepest gas find in KG-D6 block by 2022

Reliance, BP to develop deepest gas find in KG-D6 block by 2022

MJ, or D55, development is the third project that the partners have taken up to revive flagging natural gas production from KG-D6 block.

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