Ranbir Singh Butola new IOC chairman

Ending weeks of uncertainty, Oil Minister S Jaipal Reddy has cleared the appointment of ONGC Videsh Ltd managing director Ranbir Singh Butola as the chairman of Indian Oil Corporation.Sources said......

ONGC bids for oilfields in Russia

State-owned Oil and Natural Gas Corp has bid for Russia's Trebs and Titov oilfields and is pitted against local giant LukOil and a venture owned by energy major BP Plc for rights to develop the......

IOC, Oil India keen to buy out Gulfsands Petroleum

State-owned Indian Oil Corp and Oil India Ltd on Tuesday confirmed making an 'approach' to take over the Middle-East focussed oil firm Gulfsands Petroleum Plc for an undisclosed cash amount. "OIL......

Indian oil PSUs win Venezuela block

Oil and Natural Gas Corporation and partners Indian Oil Corporation and Oil India Ltd have won a bid to develop a major crude oil block in Venezuela, its first major overseas success since Imperial......