This will increase operational and commercial flexibility of oil companies and enable them to adopt the most effective procurement practice...

India's largest private shipliner Great Eastern Shipping, which owns a fleet of 31 vessels, has committed $120 million capex by 2018.

The process of striking off of GESCO London from the Register is expected to be completed by the end of 2016, subject to necessary approval...

Great Eastern Shipping Company today reported a 45 per cent jump in its consolidated net profit to Rs 323.67 crore for the quarter ended Ju...

Great Eastern Shipping today said its arm has incorporated a new wholly-owned subsidiary Greatship Oilfield Services Ltd.

She died yesterday of natural causes at her apartment in Woodland Hills, California.

Of the imports, 80.51 million tons will be done on term contract and the remaining 19.09 million tons on spot tender basis.

With General Motors's fall into bankruptcy on Monday, the current economic crisis has accounted for five out of the ten biggest ever bankru...

Ecuador has been ordered to pay US oil giant Chevron 1.6 billion dollars by an international court in a long-standing dispute over alleged ...

Brazilian state oil company Petrobras will start pumping oil from a Nigerian field on July 21, company officials said Saturday.

Essar Oilfield Services (EOSL) focuses on offshore and onshore drilling activities and is considered by some industry analysts to be worth ...

OVL to invest $ 820 mn to pick up 30 percent participating stake in Brazil’s oil field.

India Inc has an unpleasant and unwanted guest this summer - broken oral agreements.

Reliance Industries (RIL) is planning to set up the country’s first integrated gasification combined cycle (IGCC) plant in Jamnagar.

he Essar group has restructured its shipping and logistics business under Essar Global (EGL).

Tough negotiations are likely between the government and the six prospective bidders for state-owned Hindustan Petroleum (HPCL) over the te...

The Reserve Bank of India has allowed Indian oil companies to protect themselves from the volatile international oil market by finally allo...