India energy sector to offer US$ 300 bn opportunities in 10 yrs'

New Delhi: Foreign investors will have opportunities to invest in projects worth US$ 300 billion in India, as the country looks to cut reliance on oil imports by 10 per cent by 202...

Vedanta plans US$ 2.4-billion capex over two years

Mumbai: Vedanta Ltd has planned a capital expenditure of US$ 2.4 billion over FY 2017-18 and FY 2018-19, across various projects such as Hindustan Zinc, increasing volumes for its ...

Core sector growth up 3.6% in May from 2.8% in April on energy push

New Delhi: India's core sector output grew 3.6 per cent year-on-year in May 2017, up from 2.8 per cent in April 2017, led by the electricity sector and further supported by ref...

DGH opens up entire unexplored area for hydrocarbon firms to search for fossil fuels

New Delhi: The Directorate General of Hydrocarbons, the upstream oil and gas regulator of India, opened up a national data repository of the entire unexplored area in India for hyd...

LPG sales jump by record 9.8 pc on Ujjwala push

New Delhi: Liquefied petroleum gas (LPG) sales rose 9.8 per cent year-on-year to 18.9 million tonnes in the fiscal year ended March 31, 2017, due to the Government of India...

Govt to launch National Data Repository on June 28

New Delhi: The Government of India will launch the country’s first National Data Repository (NDR) on June 28, 2017, in a bid to move towards an open acreage licensing regime....

Daily revision of fuel prices structurally positive for OMCs

New Delhi: The daily revision of fuel prices is expected to be structurally positive for Indian oil marketing companies (OMCs) as it will enable faster passing on of daily changes ...

Russia's Rosneft plans big to tap Indian fuel retail market: Oil minister

Bengaluru: Rosneft, a major oil company based in Russia, is making big plans to tap the retail fuel market in India, and had invested US$ 13 billion along with Essar Oil in Indian ...