ONGC, OIL making losses on natural gas productionEconomic TimesNEW DELHI: State-owned ONGC and Oil India are making losses on natural gas production after government cut rates for the fourth consecutive time to bring down selling price to below the cost of …

Edmonton SunRoad trip good opportunity for young Oil Kings to bondEdmonton SunThe Edmonton Oil Kings ventured on a three-game in three-days road trip through Saskatchewan not only looking to play well, but hoping to become a closer unit. With a high player …

L&T Hydrocarbon Engineering bags orders worth Rs 1170 croreEconomic TimesMUMBAI: Larsen & Toubro's subsidiary L&T Hydrocarbon Engineering has bagged orders worth Rs 1,170 crore, the engineering major said in a statement Friday. The orders i …

The Local.itRiviera beaches spared as Italy oil slick dissolvesThe Local.itThe oil slicks formed after an April 17th pipeline leak at an ageing refinery near Genoa which resulted in 680,000 litres of crude spilling into the Polcevera river, which flows int …

Sydney Morning Herald'Full-scale cash crisis' in oil sectorSydney Morning HeraldThe head of the world's largest provider of services to oilfields has warned of a "full-scale crisis" as the industry is lashed by an unprecedented slump …

BloombergIran Might Still Outwit the Saudis on OilBloombergWhen oil producers, led by Venezuela and Russia, began to talk about an output freeze back in February, Iran made it very clear that it wouldn't participate until it restored production to pre- …

Reliance buys Iranian oil after six-year hiatusEconomic TimesNEW DELHI: Reliance Industries has bought crude oil from Iran after a 6-year break and is looking to strike a long-term fixed quantity deal, post lifting of sanctions. RIL, which operates the wor …

Deccan ChronicleOil price slump to bring down profits of upstream firms: ICRAEconomic TimesAccording to K Ravichandran, Senior Vice-President and Co-Head, Corporate Ratings, ICRA, "the impact on (state-run) ONGC and OIL would be limited with around 15 …