Essar oil starts coal bed methane gas exploration in ranigunj WB. Company has started works much before reliance natural resources ltd.
Essar Exploration and Production Ltd, an arm of Essar Oil, will invest $400 million (Rs 2,000 crore) in its coal bed methane gas Ranigunj in West Bengal by 2012, a top company official said here [...]
L&T forms a Joint venture with Malaysia-based SapuraCrest Petroleum
Source: Economictimes
Engineering and construction major Larsen and Toubro Ltd on Friday formed a Joint Venture with Malaysia-based SapuraCrest Petroleum to install pipelines and construct offshore rigs and platforms in India, the Middle East and South East Asia.
L&T chairman and managing director AM Naik told reporters in [...]
ESSAR OIL : LIC takes 2% stake in Essar oil.
State-run life insurer Life Insurance Corporation (LIC) has acquired nearly two per cent stake in Essar Oil for Rs 309.4 crore through open market transactions today.
LIC has bought 2.21 crore representing a 1.83 per cent stake in Essar Oil shares at the rate of Rs [...]
Israel conflict will affect oil prices .This question will see answer soon.Oil Prices are already up from the low.
Venezuelan President Hugo Chavez says he expects oil prices to keep climbing and predicts they could reach US$200 a barrel.
It isn’t the first time the Venezuelan leader has mentioned that benchmark _ though he hasn’t said when it might be reached.
Chavez reiterated the prediction after the price of light, sweet crude continued to rise on [...]