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National oil firms in Middle East keen to hire storage in India

Sep 03, 2015

National oil firms in Middle East keen to hire storage in India

The storages at Visakhapatnam, Mangalore and Padur will be enough to meet nation's oil requirement of about 10 days. #NewsTracker #Iran #UAE #Saudi Arabia #Kuwait #Kuwait Petroleum Corp. #Business #Economy #Abu Dhabi National Oil Company
Cabinet clears auctioning of ONGC, Oil India fields to private firms

Sep 02, 2015

Cabinet clears auctioning of ONGC, Oil India fields to private firms

The weight for revenue share will be 80 percent while 20 percent would be for work programme that may include drilling of exploratory and development wells and seismic studies. #Narendra Modi #Agriculture #ONGC #LPG #PolicyWatch #Oil India #CCEA #NELP #Dharmendra Pradhan #New Exploration Licensing Policy #Economy
Transport, banking likely to be hit as 10 central trade unions go on nationwide strike

Sep 02, 2015

Transport, banking likely to be hit as 10 central trade unions go on nationwide strike

Essential services, including transport and banking are likely to be affected on Wednesday with 10 central trade unions going on a nationwide strike. #Strike #coal #oil #NewsTracker #steel #trade union #nationwide strike #port and docks #gas supply
Airlines rejoice as oil firms cut jet fuel price by 11.7%

Sep 01, 2015

Airlines rejoice as oil firms cut jet fuel price by 11.7%

Jet fuel constitutes over 40 percent of an airline's operating costs and the price cut will reduce the financial burden on cash-strapped carriers. #Economy #NewsTracker #Indian Oil #LPG #Hindustan Petroleum #Jet fuel #Bharat Petroleum #ATF
11 dead, dozens injured in fire at Saudi oil giant housing complex

Aug 31, 2015

11 dead, dozens injured in fire at Saudi oil giant housing complex

At least 11 people were killed and 219 injured in Saudi Arabia today when a fire broke out at a residential complex housing employees of oil giant Saudi Aramco, authorities said. #NewsTracker #workers #Breaking #residents #Saudi #fire oil company
Oil & gas exploration shares surge up to 6% on global crude price revival

Aug 28, 2015

Oil & gas exploration shares surge up to 6% on global crude price revival

From a low of $42.23 a barrel touched on August 24, the Brent crude has jumped 13 percent to trade at $48.43 in today's trades so far #crude oil prices #BSE #brent crude #oil & gas shares #slowing Chinese economy #US market recovery #oil exploration companies
The future of Indian coconut farming depends on what's grown between palms

Aug 26, 2015

The future of Indian coconut farming depends on what's grown between palms

Coconut farming in India is less profitable given the excess of supply over demand. But if the land in between trees is used for other crops, including cocoa, the money can be lucrative. #Economy #Kerala #InMyOpinion #Agriculture #edible oil #Jain Irrigation #Cocoa #Coconut Farming #Naine
Boy punches $2 million-dollar oil painting in Taiwan

Aug 26, 2015

Boy punches $2 million-dollar oil painting in Taiwan

The painting, entitled Flowers, by Italian artist Paolo Porpora, dates back to the 1600s and is part of a collection of 55 artworks on show in the country's capital. #NewsTracker #Taiwan #painting #boy #Shareworthy #oil painting
LIC buys nearly 90% of Indian Oil's shares on offer

Aug 25, 2015

LIC buys nearly 90% of Indian Oil's shares on offer

IOC listed "OFS and Open Market" as the mode of LIC's acquisition done on 24 August. #Business #NewsTracker #Indian Oil #LIC