Government on Monday ruled out an immediate reduction in petrol and diesel prices as state-run firms are still running into daily loss of over Rs 400 crore despite softening in international oil prices. "Where is the scope for reducing prices? Oil companies are still making losses," Petroleum Minister Murli Deora said.
Imperial explores for oil mainly in Siberia and has large reserves of oil.
http://www.ibnlive.com/news/india-beats-china-to-imperial-energy-co-bid/72294-3.html
Dr Banwari Lal, a scientist at TERI, has initiated the creation of oil-eating bugs.
http://www.ibnlive.com/news/teri-creates-oil-zappers-to-cleanup-toxic-sludge/71646-11.html
Adeeb Sheikh was abducted in May but managed to escape.
http://www.ibnlive.com/news/kidnapped-by-sudan-militants-man-recalls-great-escape/67126-3.html
48 Indian cos made it to a list of the world's biggest companies on Forbes.
http://www.ibnlive.com/news/ril-ongc-in-forbes-top-global-firms-list/62602-7.html
ONGC, Hinduja would meet Iranian officials on Thursday to discuss plans.
http://www.ibnlive.com/news/ongc-to-tie-up-with-hindujas-for-oil-fields-in-iran/55445-7.html
Gail, Essar, ONGC Videsh blacklisted by Myanmar campaigners.
http://www.ibnlive.com/news/3-indian-firms-dirty-their-hands-with-myanmar-junta/49678-7.html
Central Information Commission has asked ONGC to make the deals public.
http://www.ibnlive.com/news/smells-like-a-scam-ongc-dealt-with-14-firms-secretly/48719-7.html
While nine were rescued, search was on to locate eight others.
http://www.ibnlive.com/news/ongc-ship-sinks-at-mumbai-coast-8-missing/44404-3.html
Mittal acquires Russian oil firm Lukoil's 50 pc stake – identified for joint investment with ONGC – for $980 mn.
http://www.ibnlive.com/news/mittal-sidelines-ongc-acquires-oil-firm/39159-7.html
While ONGC tops the list of 34 Indian companies, a bunch of companies in the list are from banking sector.
http://www.ibnlive.com/news/34-indian-firms-feature-in-forbes-list/37318-7.html
ONGC was silent on why Mittal had gone alone in picking stake in OK-LNG even though the stake was marked for OMEL.
http://www.ibnlive.com/news/ongc-mittalhpcl-deal-ok-but-others/36995-7.html
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