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, Cairn India complete merger to form US$ 15.6-bn entity

New Delhi: The merger process of Vedanta and Cairn India has been completed on April 11, 2017, thereby creating a combined entity with a market capitalisation of US$ 15.6 billion a...

IndianOil to invest ~20,000 crore in pipeline network

New Delhi: Indian Oil Corporation expects to invest Rs 20,000 crore (US$ 3.1 billion) over the next four years covering 20 projects in order to add a 25 million tonne (MMT) pipelin...

OMCs to invest ~90,000 cr on fuel upgrade

Bhubaneswar: The total investment by oil marketing companies (OMCs) on fuel upgradation programme will reach Rs 90,000 crore (US$ 13.88 billion) by 2020, according to Mr K D Tripat...

Larsen arm wins Rs 1,656 crore contract from ONGC

Mumbai: Larsen & Toubro's (L&T) subsidiary, L&T Hydrocarbon Engineering has bagged an order relating to Oil and Natural Gas Corporation's (ONGC) Neelam Re-Devel...

India, China to propel global oil demand in 2017, OPEC says

New Delhi: The world oil demand is expected to grow by 1.26 million barrels per day (mb/d) led by India's oil demand which is estimated to grow by 3.25 per cent to 4.53 mb/d in 2017, as per the...

Petroleum Minister leads high level delegation to USA to promote India's new Hydrocarbon Exploration and Licensing Policy (HELP) at CERA Week 2017

New Delhi: A high level delegation led by Mr Dharmendra Pradhan, Minister of State (Independent Charge), Ministry Of Petroleum and Natural Gas had organised an event to promote Ind...

India to replace Russia as world's third largest refiner: IEA official

Houston: India is expected to surpass Russia to become the third largest refiner in the world by the year 2020 as India overtakes China as the main driver of demand growth, accordi...