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MAY 31 2012

Karuna Blows Hot and Cold Over Petrol Price Hike

  • Economic Times / Chennai, New Delhi, 31 May 2012
  • Created:Thu 31st MAY 2012

After threatening to quit UPA, Karun does a U-turn DMK chief M Karunanidhi, who has been seeking a rollback of the petrol price hike, hit the streets on ...

MAY 31 2012

Weak euro and oil payments drag rupee past 56/$

  • Business Standard, BS Reporter / Mumbai, 31 May 2012
  • Created:Thu 31st MAY 2012

Month-end dollar demand from oil marketing companies and growing risk aversion globally led the rupee past the psychological level of 56 against the dollar. However, frequent interventions ...

MAY 31 2012

Nomura Neutral on HPCL

  • Economic Times / 31 May 2012
  • Created:Thu 31st MAY 2012

Japanese investment bank Nomura has assigned a Neutral rating to Hindustan Petroleum Corporation (HPCL) with a price target of.380.Although the recent sharp increase in the petrol price is ...

MAY 31 2012

ONGC to focus on deepwater, shale strategy to double production, triple profit by 2030

  • Economic Times, Bloomberg / New Delhi, 31 May 2012
  • Created:Thu 31st MAY 2012

Oil & Natural Gas Corp, India's biggest energy explorer, plans to focus on shale and deepwater areas to double production and triple profit by 2030 as it competes with China to ...

MAY 31 2012

NDA calls for nationwide bandh today

  • Business Standard, BS Reporter / New Delhi, 31 May 2012
  • Created:Thu 31st MAY 2012

But senior leaders, worried about the severe heat, may not join protestThe Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) has called for a nationwide ...

MAY 31 2012

Brent crude dips to $106 per barrel

  • Business Line, PTI / Singapore, 31 May 2012
  • Created:Thu 31st MAY 2012

Oil prices edged lower in Asian trade today as concerns that debt-plagued Spain could be forced to seek a bailout roiled the markets.Prices were under pressure after the ...

MAY 31 2012

Crude futures fall to Rs 5,086 per barrel

  • Business Line, PTI / New Delhi, 31 May 2012
  • Created:Thu 31st MAY 2012

Crude oil futures prices today fell 0.22 per cent to Rs 5,086 per barrel, as speculators engaged in reducing their positions amid a weakening trend overseas.At the Multi ...

MAY 31 2012

Court tells Centre to file affidavit on PIL against petrol hike

  • Business Line, PTI / Mumbai, 31 May 2012
  • Created:Thu 31st MAY 2012

The Bombay High Court today directed the Centre, Petroleum Ministry and Finance Ministry to file an affidavit by June 20 in response to a petition which claimed that the recent petrol price ...

MAY 31 2012

Oil mystery

  • Business Line, Chennai / 31 May 2012
  • Created:Thu 31st MAY 2012

The impressive financial results and profits posted by public sector oil companies, IndianOil and Bharat Petroleum, for the fiscal 2011-12, add credence to the perception that these ...

MAY 31 2012

Diesel could be more injurious to health

  • Mint,Jacob P. Koshy / 31 May 2012
  • Created:Thu 31st MAY 2012

The increasing demand for diesel cars on the back of rocketing petrol prices could take more of a toll on your health than it does on the environment.The differential ...

MAY 31 2012

BPCL: Riding high on E&P gains

  • CLSA
  • Created:Thu 31st MAY 2012

Exploratory upsides and refining gains should more than offset the negatives arising in the fuel marketing businessAfter scaling a 52-week high of Rs 768.40 on May 16, ...

MAY 31 2012

Tide Water Oil to cater to German market

  • Business Line, Our Bureau, 31 May 2012
  • Created:Thu 31st MAY 2012

Kolkata-headquartered Andrew Yule-controlled Tide Water Oil Co plans to take its newly acquired Veedol brand of lubricants to Germany this year.The company had already set ...

MAY 31 2012

GAIL eyes gas trading to boost revenues

  • Business Line, Richa Mishra, Siddhartha P. Saikia / New Delhi, 31 May 2012
  • Created:Thu 31st MAY 2012

GAIL (India) Ltd is eyeing natural gas trading business to boost revenues during the current fiscal.With the drop in domestic gas output and increased dependence on ...

MAY 31 2012

IEA's rules for gas are missed opportunity

  • Economic Times, Reuters / 31 May 2012
  • Created:Thu 31st MAY 2012

With the publication of its " Golden Rules for a Golden Age of Gas," the International Energy Agency (IEA) has stuck to platitudes, missing an opportunity to develop ...

MAY 30 2012

BHEL commissions fifth 250 MW unit of Parichha power project

  • Economic Times, PTI / New Delhi, 30 May 2012
  • Created:Wed 30th MAY 2012

State-run BHEL today commissioned the fifth 250 MW unit of Parichha thermal power project in Uttar Pradesh, which would feed 6 million units of power to the National Grid. ...

MAY 30 2012

Solar plants opened in Kashmir

  • Business Line, PTI / Srinagar, 30 May 2012
  • Created:Wed 30th MAY 2012

The Jammu and Kashmir Chief Minister, Mr Omar Abdullah and the Union Minister for New and Renewable Energy, Mr Farooq Abdullah, on Tuesday inaugurated a 18 KW solar power plant at ...

MAY 30 2012

Getting started with smart grid

  • Financial Express, Sambitosh Mohapatra / 30 May 2012
  • Created:Wed 30th MAY 2012

Smart meters, the basic building block of the smart grid, could create win-win situations for power utilities and consuming groups. For distribution companies, smart meters could be a ...

MAY 30 2012

Dhopave thermal plant faces stiff opposition from villagers

  • Business Line, Rahul Wadke / Mumbai, 30 May 2012
  • Created:Wed 30th MAY 2012

The 1,980-MW thermal coal power project, which has been planned at Dhopave village in Ratnagiri district of Maharashtra, is facing serious opposition from local ...

MAY 30 2012

Why revenue is not a priority

  • Financial Express, FE Bureau / 30 May 2012
  • Created:Wed 30th MAY 2012

The basic objective of the proposed auction of captive coal blocks is not to raise revenues but to increase transparency in allocation process, the coal ministry has said to clarify its ...

MAY 30 2012

Pune hosting wind energy meet today

  • Business Line, Alka Kshirsagar / Pune, 30 May 2012
  • Created:Wed 30th MAY 2012

Pune is hosting the Renewable Energy 2012 Wind Conference today to address the theme of Propelling the Power of Wind Energy in India.The wind energy sector is expected to ...