The government has received $510,000 as its share of profit petroleum on commercial production of the Krishna-Godavari (KG) block crude oil for seven months. For full story, click here
Continue reading "Govt. got $510,000 as profit share from KG Crude Output"
Monday, July 27, 2009
The government has received $510,000 as its share of profit petroleum on commercial production of the Krishna-Godavari block crude oil for seven months. For full story, click here
Continue reading "Govt. has got $510,000 as profit share from KG Crude Output"
Wednesday, July 22, 2009
Essar Oil has aimed to surge the share of heavy crude at its Vadinar refinery in western India to about 75 percent of the oil it processes from 70 percent. For full story, click here
Continue reading "Essar Oil has aimed to lift Heavy Crude Processing to 75%"
Wednesday, June 17, 2009
FairWest Energy Corporation declared that, subject to regulatory approval, it intends to offer up to 20,000,000 flow through common shares at $0.10 per share. For full story, click here
Continue reading "Fairwest Energy declared private placement offering of shares"
Tuesday, May 19, 2009
India’s Essar Oil declared that it has cut the share of low-sulphur and light grades of crude oil processed at its refinery, helping it cut costs and raise refining margins. For full story, click here
Continue reading "India’s Essar Oil slashed use of sweet, light crude oil"
Thursday, May 14, 2009
American Oil & Gas Inc. declared its Q1 2009 results with net-loss of $3.89 million or $0.08/share from $1.32 million or $0.03/share in Q1 2008. For full story, click here
Continue reading "American Oil Stock surged but Q1 slipped"
Tuesday, May 5, 2009
Crude oil fell on Tuesday, snapping four days of gains, on concern a U.S. government report will show stockpiles climbed from the highest level since September 1990. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year.
Continue reading "Crude oil headed for $71.55 a barrel"
Friday, March 27, 2009
It was a stock that people loved to hate. During the first half of 2008, investors cringed when they saw rallies in the price of oil. As crude surged to $150 a barrel last year, equity investors bemoaned the hit, and worried and gossiped about the outlook for consumer-oriented firms which would need to spend more on gas. Then the tide turned.
Continue reading "Higher Oil: Sign Of Economic Growth"
Thursday, November 20, 2008
Share prices of ONGC rose 24 rupees, or 3.7 percent, to 675.10. India’s biggest explorer said oil will return to $100 a barrel, justifying its 1.4 billion-pound ($2.1 billion) takeover of the U.K.’s Imperial Energy Plc. For full story, click here
Continue reading "Share prices of ONGC rose 3.7 percent"
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Sunday, August 2, 2009