industry > industry > Oil and gas Oil & gas Speculation, weakening dollar pushing up oil prices: saudi ol minister 15 May 2008 Crude oil little changed near $126 as fears of Iran output cut remain 14 May 2008 Finance ministry refuses to issue Rs44,000 crore oil bonds 13 May 2008 Brazil’s energy producer Petrobras on $112.7 billion expansion 12 May 2008 Oil climbs down a few paces from $126 12 May 2008 Mangalore Refineries to sell diesel to Iran as Reliance halts supplies 09 May 2008 Crude oil surges to record high near $126 a barrel 09 May 2008 Oil majors agree to pay $423 million compensation for groundwater contamination 09 May 2008 Private equity firm First Reserve invests $300 million in ethanol production 08 May 2008 Pakistan hopes to get $148 million a year in gas transit fee from India 08 May 2008 Crude oil near record highs at $122 a barrel 07 May 2008 Hinduja Group plans $ 50-billion investments in oil, gas in Iran 06 May 2008 StatoilHydro storing 2,800 tonnes of CO2 underground every day 06 May 2008 Crude oil firm at a record near-$121 a barrel 06 May 2008 Reliance closes all its 1,432 petrol pumps; PSU oil companies' losses mount to Rs77,303 crore 06 May 2008 Global warming guilt and record oil prices 03 May 2008 Shell, Repsol opting out of Iran gas project under US pressure 03 May 2008 Bolivia nationalises four energy firms, takes control of telecom operator 02 May 2008 India seeks more assurances from Iran on gas pipeline project 30 April 2008 Reliance takes 90 per cent stake in Peruvian oil block 30 April 2008 Iran dumps dollar, switches to euro and yen for oil trade: report 30 April 2008 BG bids $12.9 billion for Australia's Origin Energy 30 April 2008 International oil majors fare poorly in transparency, says Transparency International 28 April 2008 GAIL to join consortium building $7.6 billion TAPI gas pipeline 28 April 2008 Oil bubble will burst soon, says Lehman report 25 April 2008 India, Pakistan close to Iran gas pipeline deal 25 April 2008 India joins Turkmenistan-Afghanistan-Pakistan-India gas pipeline project 24 April 2008 Ahmadinejad's visit to deepen Iran-India energy ties 23 April 2008 Exxon's latest plans for development of Alaskan gas field rejected 23 April 2008 Crude near-$120 a barrel as dollar hits a new low against euro 23 April 2008 Crude oil rises above $118 on supply constraints 22 April 2008 India, Pakistan to discuss Iran, Turkmenistan gas pipeline projects 22 April 2008 Sinopec intensifies on-line purchasing, saves costs 21 April 2008 Consumers globally favour replacing oil as energy sources ; expect substantial price increase 21 April 2008 Crude oil hits a new peak at $117 a barrel 19 April 2008 Government extends bid date for oil blocks under NELP-VII to May 16 18 April 2008 Indian Oil commences “LNG at doorstep” with first consignment to HR Johnson's Pen plant 17 April 2008 Crude oil above surges $115 a barrel as demand soars 17 April 2008 Oil India, Indian Oil and Gujarat State Petroleum Corp sign oil exploration agreements with Yemen government 17 April 2008 RPL hopes to complete Jamnagar refinery project ahead of schedule 16 April 2008 India's crude import bill up 38 per cent in 11 months 16 April 2008 Construction of strategic crude oil reserve at Vizag under way 15 April 2008 Oil rises above record $112 a barrel as dollar dives 15 April 2008 Deora calls for Asian gas alliance as Musharff bats for China 14 April 2008 Reliance in talks with Chevron, Exxon, BG for KG field stake sale 14 April 2008 India to lead the world in energy innovation: Report 14 April 2008 Indian Oil sees red as daily losses mount to Rs320 crore 14 April 2008 RIL mulling over new foreign partner for deep water exploration project 11 April 2008 Sasol receives international approval for environment-friendly, fully synthetic aviation fuel 11 April 2008 Reliance ties up Venezuelan crude supplies as Chavez opens tap for India 10 April 2008 Hugo Chavez promises full cooperation in addressing India’s energy security 10 April 2008 BP, ConocoPhillips join hands to build $30 billion Alaskan gas pipeline 09 April 2008 BG plans LNG imports to expand gas distribution business in India 09 April 2008 Cairn's crude oil pipeline to be ready by June 2009: L&T 09 April 2008 ONGC Videsh in joint development pact with PDVSA for Venezuelan oil field 09 April 2008 ONGC Videsh to invest $450 million in Venezuelan joint venture 05 April 2008 Jindal Drilling forms JV with Virtue Drilling, gets Rs.1080 crores ONGC order 04 April 2008 Welspun Gujarat announces commencement of World-Class Plate mill 03 April 2008 Shell signs $4 billion outsourcing deal with AT&T, EDS and T-Systems 01 April 2008 GAIL signs pact with ONGC, Reliance, BG Group to buy Panna-Mukta-Tapti gas 01 April 2008 Lower US stockpiles fuel oil prices rise in Asia 27 March 2008 Petronet eyes coal bed methane projects in Australia 25 March 2008 Priced out, Reliance to close 1,400 petrol pumps by April-end 25 March 2008 Cals Refineries to invest Rs20,000-crore at Nayachar petrochemicals hub 20 March 2008 UK court rules against Exxon in Venezuela asset freeze case 19 March 2008 Confidence Petro enters into a JV with Energtek for ANG distribution 18 March 2008 Cairn India in $625-million private placement deal with Petronas, Orient Global Tamarind Fund 17 March 2008 Gold vaults above Rs13,000 as commodity prices rally 13 March 2008 Government to promote use of alternate fuel 12 March 2008 Crude oil prices surge to a new high of $107.85 11 March 2008 Bid date for oil and gas blocks extended till 25 April 10 March 2008 Chevron unveils new heavy oil-refining technology for clean-burning fuel 08 March 2008 Italy’s Enel pays $1.5 billion to take majority stake in Russian power company 07 March 2008 South Asia Gas pipeline to India economically feasible 07 March 2008 Oil zooms to $105.96 a barrel; gold nears $1,000 an ounce 06 March 2008 StatoilHydro buys into US oil assets in Brazil, Gulf of Mexico 05 March 2008 Government gives 'in-principle' approval for introduction of fibreglass LPG cylinders 04 March 2008 Essar Oil to invest $60 million in Vietnam 04 March 2008 Switchover to bio-fuels could threaten edible oil production 04 March 2008 Oil vaults to $103 a barrel as dollar dips further 29 February 2008 Budget 2008-09: Excise duty on petrol, diesel reduced to a flat Rs1.35 29 February 2008 Reliance announces 8th gas discovery in Mahanadi basin 27 February 2008 Budget 2008: Aviation industry wants high aviation fuel prices brought down 23 February 2008 L&T to build India's first heated pipeline for crude for Cairn India 21 February 2008 Oil hits a record $100.10 as supply worries mount 20 February 2008 Eni under probe for alleged irregularities in gas pricing, measurement 19 February 2008 L&T to build offshore platforms and accessories for Mumbai High 18 February 2008 Venezuela reaches deal with Eni; disputes Exxon's oil claims 16 February 2008 Petrol, diesel prices raised 14 February 2008 Reliance strikes gas in KG basin off Andhra coast 13 February 2008 Iran asks India to decide soon or leave gas pipeline project to China 13 February 2008 GAIL to invest in Russian projects; Rosneft may take stake in Mangalore gas plant 13 February 2008 Venezuela suspends oil sales to Exxon; threatens oil cuts to the US 13 February 2008 China may join Iran gas pipeline project if India opts out: report 11 February 2008 Exxon Mobil accused of judicial terrorism as it wins court verdict for freezing $12 billion of Venezuelan assets 09 February 2008 IOC revving up for retail push 07 February 2008 India to skip Tehran meet on gas pipeline project 06 February 2008 Mangalore Refinery, Shell enter into joint venture in aviation fuelling business 06 February 2008 Foster Wheeler to execute project management contract for new hydroprocessing complex in Russia 01 February 2008 Airlines considering fuel surcharge to offset losses 31 January 2008 Ministers fail to decide on fuel price hike again; plan to meet next week 31 January 2008 Cairn Energy awards Jindal Saw $200 million order for Barmer-Salaya pipeline project 29 January 2008 Sinopec investing $2.2 billion to expand refining capacity 29 January 2008 GE agrees to acquire Hydril’s pressure control business 29 January 2008 66 companies participate in NELP-VII road show at Houston 29 January 2008 Government may cut duties on fuel to lessen impact of price hike 24 January 2008 On again! “Deeply committed” to the Iran-Pakistan-India gas pipeline, says Deora 24 January 2008 Aegis plans 70 LPG outlets in Andhra Pradesh 23 January 2008 Crude falls to a two-month low at $88.67 a barrel as global stocks nosedive 21 January 2008 L&T bags order to supply 22 reactors to Kuwait National Petroleum 21 January 2008 Only minimal fuel hike price, says Deora 18 January 2008 Ministers fail to decide on fuel price hike; plan to meet again 17 January 2008 GAIL to execute Dabhol-Bangalore pipeline project; Completion scheduled for 2011 15 January 2008 Reliance Industries announces shallow water block gas discovery in Krishna Basin 15 January 2008 Hindustan Construction Company to build India's first strategic oil storage 15 January 2008 Oil and gas production expected to double in XIth Plan: Deora 14 January 2008 PM to consider all options to deal with crude rise 07 January 2008 L&T to build Cairn India’s drilling infrastructure in Rajasthan 07 January 2008 After peaking at $100, oil holds above $99 04 January 2008 Oilex, Videocon, GAIL, BPCL and HPCL consortium commences drilling in Oman 02 January 2008 Transmeridian Exploration will merge with Trans Meridian 01 January 2008 Kerkorian buys a one-third stake in Delta Petroleum 01 January 2008 ONGC to raise $20 billion for overseas acquisitions: report 27 December 2007 GAIL, Oil India to jointly bid for exploration blocks on auction 27 December 2007 Chavez expands oil-against-goods and services alliance 22 December 2007 Petrol, diesel, LPG prices to go up from January 21 December 2007 BASF producing natural gas in Siberia with Gazprom 18 December 2007 Government expects $4 billion investment in oil exploration under NELP-VII 13 December 2007 Increasing acceptance of alternate fuel vehicles aiding the growth of the indian alternate fuel vehicles (LPG & CNG) kit market 13 December 2007 Reliance to invest $24 billion over 10 years in Gulf projects 12 December 2007 Reliance Industries signs two exploration and production contracts in Colombia 11 December 2007 Government to auction 57 oil and gas blocks under NELP-VII 10 December 2007 GAIL, Reliance Gas sign gas transmission agreement 10 December 2007 GAIL committed to uphold interest of end consumers of PMT JV gas 10 December 2007 Government may hike fuel prices, cut excise duty on petroleum products 07 December 2007 ONGC Videsh, Hindujas plan joint bid for oil and gas assets in Iran 06 December 2007 ONGC to close two Mumbai offshore facilities, develop new sites 06 December 2007 Subsidy on LPG / kerosene to exceed Rs69,700 crore 06 December 2007 Kuwait Petroleum Corporation keen to invest in Indian oil projects 06 December 2007 Gas deal with India on course, says Iranian official 04 December 2007 Italian oil giant Eni to acquire UK's Burren Energy for $3.6 billion 03 December 2007 ONGC Videsh wins 2 exploration blocks in Brazil 29 November 2007 Turkmenistan invites oil sector investment by Indian companies 27 November 2007 Reliance adds 2 more production sharing oil blocks in Yemen 22 November 2007 India moves to revive stalled talks with Pakistan over IPI gas pipeline 21 November 2007 Group of ministers to review fuel prices: Manmohan 21 November 2007 Crude futures volume on MCX doubles to 5.2 million barrels a day 20 November 2007 Crude futures volume on MCX doubles to 5.2 million barrels a day 20 November 2007 OPEC rejects calls for output hike; plans environment fund 19 November 2007 Reliance finds more gas in Krishna Godavari basinMumbai: Reliance Industries Ltd has found more gas in one of its offshore blocks in the Krishna Godavari basin, off the east coast. 17 November 2007 Oil leaps to a record $97 as dollar dips and supplies tighten 17 November 2007 Shell eyes major project on Russia's Yamal 17 November 2007 Reliance faces Iraqi ban after Kurdish oil deal 16 November 2007 IVRCL acquires Alkor Petroo 15 November 2007 Reliance bags Oman offshore block; signs production deal in Kurdistan 15 November 2007 No rise in fuel prices for now 15 November 2007 ONGC eyes Sudan oil blocks 06 November 2007 Government may announce fuel price hike next week 03 November 2007 Why oil at $100 may be desirable, after all 03 November 2007 Government defers auction of oil, gas blocks to December 02 November 2007 Oil zooms above $96 a barrel as US stocks, dollar dip 02 November 2007 Essar abandons Iranian refinery plans: Minnesota Governor 02 November 2007 Thomas Friedman calls for revolution in energy technologies 01 November 2007 Oil leaps above $93 a barrel 30 October 2007 GAIL to double gas imports; eyes petrochemical joint ventures in Qatar, Russia 29 October 2007 Kerkorian offers $1.4 billion for 16 per cent of oil refiner Tesoro 27 October 2007 Oil hits new record at $92.22 a barrel 26 October 2007 ONGC roping in Statoil-Hydro, Petrobras to exploit Krishna-Godavari gas reserves 25 October 2007 US crude above $88 on supply fears, Brent at record high 25 October 2007 BPCL to invest Rs600 crore to expand retail network over 5 years 24 October 2007 ONGC-Mittal Energy buys 30 per cent in Caspian Sea block 22 October 2007 GE Oil & Gas, Triveni Engineering to jointly manufacture high speed compressors 22 October 2007 Buffett exits PetroChina 20 October 2007 China to build own deep-sea drilling rig by 2011 20 October 2007 Dollar drop against Euro pushes crude above $90 a barrel 20 October 2007 Court tells Ambani brothers to work out new gas price formula 19 October 2007 Crude oil prices rally to a record $90.02 a barrel 19 October 2007 HPCL ropes in Mittal, Total for $6 billion refinery-cum-petrochemical project 18 October 2007 Oil holds above $87 a barrel as supply worries linger 18 October 2007 Iran, Pakistan hold talks on gas pipeline project 17 October 2007 Sasol offers coal liquefaction technology to India 17 October 2007 Brahmaptura Cracker and Polymer, ONGC sign feedstock agreement for Assam gas cracker project 16 October 2007 Concerns over Turkish attack on northern Iraq sends crude oil prices to a record high of $88 16 October 2007 Oil tops $84 a barrel as supply fears mount 16 October 2007 Tatas join IOC-OIL combine to bid for Azerbaijan oil field 16 October 2007 Assam Company reports new oil reservoirs in Amguri 11 well 15 October 2007 Bharat Petroleum to export metal cutting gas 15 October 2007 Bombay high court asks Reliance Industries Ltd and Reliance Natural Resources Ltd, to rework gas agreement 15 October 2007 What is the RIL-RNRL court fight all about 15 October 2007 Crude oil hits record $84.05 as Turkey-Iraq row fuels supply worries 13 October 2007 Mittal recalls its two remaining employees from ONGC joint venture 12 October 2007 Punj Lloyd to construct pipeline for Qatar Petroleum 12 October 2007 Government to issue oil bonds worth Rs23,457 crore, extend fuel subsidy 11 October 2007 Saudi Arabia to increase crude supplies to Asia 11 October 2007 India to join US-sponsored Central Asian pipeline project 10 October 2007 Light diesel oil to be removed from solvent control order to facilitate smooth sale 10 October 2007 Essar to build new oil refinery, raise capacity to 680,000 bpd 10 October 2007 Air India''s parent National Aviation Co of India''s ''open'' air turbine fuel tender may lead to lower prices 05 October 2007 India stands by Iran-Pakistan-India pipeline project 01 October 2007 Cairn India reports new oil find in Ravva 29 September 2007 Iran, Pakistan set October date for Iran-Pakistan-India gas pipeline deal 29 September 2007 Government to raise natural gas prices by next month 27 September 2007 Iran threatens to exclude India from Iran - Pakistan - India gas pipeline deal 27 September 2007 Iran-Pakistan-India pipeline talks start sans India 25 September 2007 ONGC to invest $150 million in 3 new offshore blocks in Myanmar 24 September 2007 Reliance Industries announces first oil discovery in Krishna deep water basin 24 September 2007 Aviation turbine fuel costlier for domestic airlines: Assocham 22 September 2007 Reliance strikes oil off east coast 22 September 2007 Government bearing 85 per cent of the increased burden caused by rising oil prices: Murli Deora 20 September 2007 Rising demand from transport sector boosts Indian biofuels markets 20 September 2007 GAIL to provide feedstock for Assam Gas Cracker Project 20 September 2007 Crude oil reaches record $82; US rate cut to stoke demand 19 September 2007 Oil moves above $81 amidst growing supply worries 19 September 2007 ONGC seeks 40 per cent hike in administered gas price 19 September 2007 Supply concerns send oil prices soaring above $82 a barrel 19 September 2007 GAIL raising Rs 7,000 crore to double pipeline network by 2011 19 September 2007 Government wants RIL to prioritise gas sales 15 September 2007 Government approves $4.20 per mBtu price for RIL gas 13 September 2007 Oil eases a bit from $80 highs as markets look at the long-term 13 September 2007 Equity infusion plan for Dabhol''s LNG terminal approved 12 September 2007 Cairn gets 'rights of use' for Rajasthan oil pipeline; Seeks shareholder nod to raise $1 billion overseas 12 September 2007 Sasol to sell 10 per cent stake worth $2.5 billion to black South Africans 10 September 2007 Indian Oil Corporation to commission new Orissa refinery by 2011 06 September 2007 Iran-Pakistan-India gas pipeline talks in final stage, says Iranian minister 06 September 2007 US LNG building boom to lead to overcapacity : Datamonitor 04 September 2007 High gas prices a spanner in the wheel for Dabhol project 30 August 2007 Kazak oil firm KazMunaiGaz buys Romania oil group Rompetrol 28 August 2007 Syngenta introduces tropical sugar beet for food and biofuels 28 August 2007 ASEAN plans regional power, gas grids 25 August 2007 Cairn''s Rajasthan pipeline project gets government nod 24 August 2007 First Reserve feels the heat, sells Ohmstede to Emcor 24 August 2007 Government to offer over 70 blocks under NELP-VII; bids likely by April 2008 24 August 2007 Indian Oil likely to join hands with ENI, KMG to bid for Turkish refinery contract 23 August 2007 Oil sector officers strike called off 22 August 2007 Supreme Court vacates Gujurat High Court''s stay on pooling LNG prices 22 August 2007 ONGC has provided 3,990 million metric barrels of oil: Minister 21 August 2007 Prime minister''s panel clears RIL gas price, but suggests review of price bidding 17 August 2007 Ratnagiri Gas & Power Private Limited begins receiving LNG 17 August 2007 Oil PSUs seek price hike as government sets up panel to look into gas policy 16 August 2007 Russia''s Gazprom to resume gas supplies to Belarus, Greece 11 August 2007 ONGC demands $4.75 per mBtu for gas, hike in APM price 09 August 2007 RIL to invest $14-billion in oil sector; set up east-west pipeline 04 August 2007 Deora rules out government intervention in RIL gas pricing 03 August 2007 US expanding Iraq air bases; digging in for the oil? 01 August 2007 Mcleod Russel to invest Rs50 crore in bio-fuel JV 31 July 2007 HPCL-Mittal joint venture refinery achieves financial 29 July 2007 Edison, Depa to develop Turkey-Greece-Italy natural gas transit corridor 27 July 2007 Videocon puts Oman oil block reserves at over 4 billion 26 July 2007 GAIL signs JV pact with ONGC; eyes trans-Saharan pipeline project 25 July 2007 Transocean, GlobalSantaFe to merge 24 July 2007 Reliance may seek a foreign partner for its Cauvery asset 23 July 2007 US court orders suspension of Shell''s Alaska offshore drilling 21 July 2007 Algae-viation fuel 20 July 2007 Government may ease subsidy burden of oil producers 20 July 2007 HPCL, ONGC sign infrastructure sharing accord 19 July 2007 Bombay HC refuses stay on RIL gas order, allows government to fix price 19 July 2007 RIL discovers gas in Cauvery Basin 18 July 2007 ONGC moves up 33 ranks in Fortune Global 500 list 17 July 2007 IOC, RIL, HPCL, BPCL among top 50 by revenue among Fortune Global 500 13 July 2007 Iran to invest in $4 billion Venezuela oil JV 13 July 2007 Southern Online Bio Technologies Sale of biodiesel by SBT Biodiesel plant 13 July 2007 Dabhol finally obtains natural gas from GAIL for power generation 13 July 2007 ONGC for deregulated gas price 11 July 2007 RIL says it has permission to retain entire area of D6 gas block 09 July 2007 GSPC-HPCL-led consortium strikes oil in Cambay basin 09 July 2007 Shareholders approve Statoil - Norsk Hydro merger 07 July 2007 India wants to join hands with EU for biofuels 06 July 2007 ONGC, MRPL extend petro products supply to Mauritius by three years 06 July 2007 Reliance KG gas allocation to be decided on July 12 06 July 2007 Petrol, diesel price not to be raised: Murli Deora 05 July 2007 Dominion to focus on power; to sell gas assets to Linn Energy 02 July 2007 India, Japan sign pact on energy conservation 02 July 2007 India to get Iranian gas by 2011 30 June 2007 Crude prices vault to $70 as US refinery demand increases 29 June 2007 M&M, Shell conclude first phase study on hydrogen-fuel vehicles 29 June 2007 India, Pak begin talks on IPI pipeline 28 June 2007 India, Pakistan agree on gas transportation charges, Iran yet to decide on pricing 28 June 2007 ExxonMobil, ConocoPhillips to exit Venezuela 27 June 2007 GAIL to form joint venture with China Gas 27 June 2007 ONGC looks to Chevron, Total, Shell for block swaps 26 June 2007 PMO refers gas pricing issue to committee of secretaries; ECC to meet on July 12 26 June 2007 Anglo-US venture to build £200-million biofuel plant in the UK 26 June 2007 Oil sector is country''s largest merchandise exporter 25 June 2007 Gazprom buys off Siberian gas field from BP 23 June 2007 Oil industry scales back refinery plans as US pushes for biofuels 22 June 2007 Oil prices ease in Asian trade as Nigerian strike fails to achieve immediate impact 22 June 2007 RIL not free to negotiate gas with third parties: HC 22 June 2007 GAIL to complete Dahej-Uran-Dabhol pipeline by month end 22 June 2007 Government allows Mittal to pick 49 per cent in HPCL refinery 21 June 2007 Government to offer 80 oil blocks for exploration under NELP-VII in August <