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It is reported that a fire that erupted on an oil platform in the Gulf of Mexico killed two workers and injured 8.

Posted By : Rabi Wangkhem 8 hours 22 minutes ago
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It is reported that crude prices edged down in Asia today as worries about the ongoing supply glut offset news that the oil ministers of Saudi Arabia and Venezuela had held talks on stabilising the beleaguered market.

Posted By : Rabi Wangkhem 8 hours 25 minutes ago
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The Qatari state oil company, Qatar Petroleum, said that it has reached a deal with Chevron to acquire 30 percent of its stake in offshore drilling areas in Morocco.

Posted By : Rabi Wangkhem 8 hours 29 minutes ago
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Bloomberg reported that emerging-market currencies advanced, led by Russia’s ruble, and shares in the Middle East climbed amid speculation Saudi Arabia and Venezuela will cooperate on stabilizing crude prices.

Posted By : Rabi Wangkhem 8 hours 34 minutes ago
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Reuters reported that less than two months into the year, the top US shale oil companies have already cut their budget for 2016 a second time as the relentless drop in oil prices continues to erode their cash flow.

Posted By : Rabi Wangkhem 8 hours 38 minutes ago
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Petrofac, a leading service provider to the oil & gas industry, awarded a contract to Bertin Technologies to supply, install and commission a pioneering gas leak tracking system at the Saudi Aramco-owned Jazan refinery.

Posted By : Rabi Wangkhem 8 hours 40 minutes ago
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Gulf Capital, a leading alternative investment firm in the Middle East, said its portfolio company OCB Oilfield Services has acquired 100 per cent of Kuiper International, a dominant player in the offshore construction...

Posted By : Rabi Wangkhem 8 hours 42 minutes ago
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According to a recent statement from Gazprom, Russian energy giant Gazprom is trying to regain its share of Europe's gas market using "greater flexibility in export contracts."

Posted By : Rabi Wangkhem 8 hours 45 minutes ago
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Prime Minister Mr Narendra Modi said that the government will target 10% reduction in oil imports by 2022.

Posted By : Rabi Wangkhem 8 hours 47 minutes ago
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Auto NDTV reported that while the NAVi may have got all the attention at the Honda India Pavilion, the Japanese auto giant ensured to also reward the Unicorn lovers at the Auto Expo with something special.

Posted By : Rabi Wangkhem 13 hours 32 minutes ago
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The managing director of the country's largest carmaker said that French car-maker PSA Peugeot Citroen will pay Iran over EUR 400 million in compensation for losses after it quit the country due to sanctions.

Posted By : Rabi Wangkhem 13 hours 35 minutes ago
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French automobile manufacturer Renault has launched a comprehensive motorsport programme entitled Renault Sport, which will be managed by two entities: Renault Sport Racing and Renault Sport Cars.

Posted By : Rabi Wangkhem 13 hours 37 minutes ago
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It is reported that Anhui Jianghuai Automobile Co (JAC), plans to set up its first light-load truck assembly plant in Algeria.

Posted By : Rabi Wangkhem 13 hours 39 minutes ago
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A senior official said that leading Iranian vehicle manufacturer Iran Khodro Company (IKCO) and Fiat plan to set up a joint company in Iran.

Posted By : Rabi Wangkhem 13 hours 42 minutes ago
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Business Line reported that Auto parts’ maker Bosch has posted a 99 per cent increase in net profit to Rs. 221 crore during the third quarter of the fiscal on the back of higher sales and benefit from organisational...

Posted By : Rabi Wangkhem 13 hours 45 minutes ago
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Business Line Bajaj Auto has launched a new variant of the CT 100, the CT100B at a price of INR 30,990 (ex-showroom, Delhi).

Posted By : Rabi Wangkhem 13 hours 48 minutes ago
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Battling the meltdown in steel sector in the UK, Lord Swraj Paul-led Caparo Group is planning to get into new ventures in the US and also expand its India presence with a new automotive components plant.

Posted By : Rabi Wangkhem 13 hours 54 minutes ago
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Auto NDTV reported that BMW-owned British car manufacturer, Mini has revealed that it will be launching two new models in India in 2016 - the Mini Cooper S Convertible and Mini Clubman.

Posted By : Rabi Wangkhem 13 hours 57 minutes ago
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W Resources PLC has released a new mineral resource estimate that has resulted in a 16% rise in the amount of tungsten thought to be lying within the La Parilla project in Spain. The miner said the updated resource,...

Posted By : Rabi Wangkhem 14 hours 52 minutes ago
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Goldphyre Resources Limited advised that a seismic survey at its Lake Wells Potash Project in WA has increased the known length of the palaeovalley that hosts the potash mineralisation to more than 20 kilometres.

Posted By : Rabi Wangkhem 14 hours 30 minutes ago
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