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Companies hedge on ATF to tackle price volatility

In a move to curb costs and with oil prices on a decline, oil companies like Tata Petrodyne Ltd have got into hedging of crude oil on the domestic trading platform -- multi commodities xchange.In......

Tatas to prospect for Bangla oil

Tata Petrodyne, the oil subsidiary of Tata Sons, is planning an oil and gas exploration and production venture in Bangladesh to fuel the group's upcoming steel, power and fertiliser plants in that......

Cairn India revamp: ONGC withholds consent

Oil and Natural Gas Corporation has withheld consent for internal restructuring of Cairn India Ltd for a year.Cairn wants the stakes that its different subsidiaries, including those registered......

Govt kicks off NELP, expects $3-bn commitment

The government flagged off the eighth edition of the New Exploration and Licensing Policy (Nelp-VIII) and the fourth round of bidding for Coal Bed Methane (CBM-IV) in Mumbai, expecting a commitment......

Tax sops: Oil ministry approaches FinMin

The petroleum ministry has asked the finance ministry for clarification on the proposal to withdraw the 7-year income tax holiday on production of oil and gas with effect from April 1 this year.The......

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