With oil prices down by more than half since the price collapse two years ago, drillers have cut their exploration budgets to the bone.

ONGC Videsh Ltd, the overseas arm of state-owned explorer Oil and Natural Gas Corp (ONGC), has lost out on its bid for two oil blocks in Me...

"We will receive a LNG cargo from Gazprom (of Russia) on December 28," GAIL Chairman and Managing Director B C Tripathi said here.

A ship carrying maiden or the so called commissioning cargo, which will be used to prepare the site for commercial operations, had to move ...

Manmohan Singh announced a joint action plan between the National Small Industries Cooperation of India and the Small Industries Developmen...

ONGC Videsh Ltd, the overseas arm of ONGC, has lost bid to buy US energy major Exxon Mobil's 25% stake in a deep-sea oil block in Angola.

Several large energy companies including Schlumberger Ltd, Transocean and Diamond Offshore Drilling Inc with linkages here, have decided to...

ONGC Videsh Ltd, the overseas arm of state-owned ONGC, has bid for US energy major Exxon Mobil's 25 per cent stake in a deep-sea oil block ...

The nation’s biggest co to invest $340 mn for stake and pay Atlas’ drilling expenses of up to $1.36 bn over next five-and-a-half years. RIL...

France's Total SA on Friday reported continued big profit gains in the second quarter _ before record oil prices began to falter _ with net...

President Hugo Chavez sent a soothing message to American motorists, saying that Venezuela is not preparing to cut off oil shipments to the...

Exxon Mobil Corp. said Wednesday it has filed a request for arbitration over Venezuela's nationalization of the Cerro Negro heavy oil proje...

President Hugo Chavez's government took over Venezuela's last privately run oil fields intensifying a power struggle with international com...