State-run Bharat Petroleum said it has entered into an agreement with Airwings Services, part of MoneyGram International, to offer international money transfer service in select retail outlets. For full story, click here
In a boost to ONGC Videsh’s bid to buyout Imperial Energy, Russia said it will not set any pre-condition like a stake for its state-run firms in exchange for giving approval to the acquisition. For full story, click here
Oil prices were steady near $51 a barrel in Asia as investors weighed more bad economic news from the US that sparked a sell-off of crude overnight. For full story, click here
Crude oil prices rose in futures trading on sustained buying in line with a firming trend in overseas markets. For full story, click here
Iraq has dubbed as illegal the contracts signed by Reliance Industries’ for two oil blocks in Kurdistan saying companies signing oil deals with Kurdistan Regional Government cannot bid for lucrative oilfields. For full story, click here
ESSAR Exploration & Production (EEPL), a company of private sector conglomerate Essar group, has become the first Indian oil company to enter Australia For full story, click here
World oil prices fell in Asian trade as euphoria over the US govt’s bailout of Citigroup faded and investor pessimism about the global economic downturn returned. For full story, click here
The government will once agin try and use oil as a tool of diplomacy when petroleum minister Murli Deora will host his Russian counterpart Sergey Shmatko and other dignitaries from some key oil and gas producing countries from Central Asia at the India-CIS Roundtable on Hydrocarbons. For full story, click here
The Rs. 18,900 crore Guru Gobind Singh Refineries Ltd, being commissioned at Bathinda by a HPCL-Mittal Energy Ltd JV, is expected to be operational by February, 2011 instead of 2012. For full story, click here
Reliance Industries’ (RIL) plans to sell petrol and diesel from its export-oriented refinery at Jamnagar, Gujarat, in the local market through its 1,600-odd petrol pumps may face some trouble. For full story, click here
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