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| Bongaigaon Refinery declares 50 % dividend |
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MUMBAI: Bongaigaon Refinery & Petrochemicals Ltd has informed the National Stock Exchange that the Board of Directors of the Company at its meeting held on May 16, 2008 has recommended a dividend of Rs 5 (Five) per equity share of Rs.10/- each (fully paid up) amounting to Rs.9990.90 lakhs for the year 2007-08.
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| 1 bn barrels of crude oil required to replace biofuel |
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| An additional one million barrels of crude oil has to be processed per day to replace the global supply of ethanol and biodiesel-based biofuels added to the U.S. and European markets since 2005, according to International Energy Agency. |
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| Inflation: Cement companies to cut prices in India |
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Commodity Online
NEW DELHI: The Indian government has embarked on a major initiative to check the rising inflation. On Wednesday, the government forced major cement companies to cut prices. |
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| Mercator Lines' coal ambitions in Mozambique |
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You know Mercator Lines as a leading Indian shipping company but now they are reworking their business strategy and are focusing on coal mining in Mozambique.
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| Ensure regular gas supply after 2015:ASSOCHAM |
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| According to the Associated Chambers of Commerce and Industry of India (Assocham), the natural gas requirement of India was likely to increase to over 120 BCM by 2015. |
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| India's power sector growing at scorching speed |
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Commodity Online
NEW DELHI: India's power sector is growing at a scorching speed as the country has received record external assistance for a slew of energy project in the last one year. |
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| HPCL officers go on strike today |
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Commodity Online
MUMBAI: Hindustan Petroleum Corporation Ltd (HPCL) has informed BSE that a section of Officers of the Corporation have gone on a Strike effective 06.00 AM on Tuesday, May 06, 2008. |
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| Rising oil prices a boon to Saudi economy |
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| Oil export revenue is expected to reach SR975 billion ($260 billion) in 2008. This compares with an average of just SR161.25 billion ($43 billion) per year throughout the 1990s and is equivalent to around SR2.62 billion ($700 million) per day. |
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| After food, US blames India, China for oil crisis |
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| White House Deputy Spokesman, Scott Stanzel said that there are a lot of different ways to reduce dependence on oil but obviously, the demand for oil is growing around the world. |
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| World hunts for cheaper ways for Green Fuel |
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Commodity Online
Mascoma says it hopes to mass-produce ethanol for about $1 to $1.50 a gallon and begin producing millions of gallons of the fuel around 2010.
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| India crude oil imports rise 9.1% in 2007-08 |
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| India is third largest consumer of oil in Asia. It imported 2.44 million barrels per day (bpd) crude in the year ended March that saw Essar Oil's Vadinar plant running at full steam of 210,000 bpd and Indian Oil Corp's Panipat unit running at 240,000 bpd. |
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| GAIL gets two awards in cost management |
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| GAIL’s JLPL unit won the second award in public sector-service category and Gandhar LPG unit won the third award in public sector-manufacturing for excellence in cost management. |
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| Is Exxon on a sticky wicket? |
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Commodity Online
Exxon earned $2.03 a share, up 25 per cent from last year, but less than the $2.14 expected by analysts. |
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| Air travel to cost more on ATF price hike |
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| Major airlines have decided to increase fares by atleast 10 percent apart from a fuel surcharge. |
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| China set to replace Japan in industrial gas market |
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The US will remain the largest market for industrial gas, it said though pointing out that the developed markets of North America, Western Europe and Japan will record below average growth in industrial gas. |
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| Sabic eyes India for investment |
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Commodity Online
The company added that it is evaluating opportunities, looking at China, India and other places. |
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| Left adds fuel to Mexico's oil exploration woes |
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Commodity Online
Nationalist fears that foreign companies would earn too much profit are seen as reason to impose state bureaucracies on this resource.
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| Oil futures rise supported by US interest rate cut |
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US crude for June was trading up $1.16 at $114.62 a barrel , while London Brent Crude rose $1.16 to $112.52.
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| Cairn gets green light for $800m pipeline project |
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Commodity Online
Cairn has started preliminary work on the pipeline project, awarding contracts and breaking ground for a facility along the route. |
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| Biofuels will starve the world: Oxfam |
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Commodity Online
World leaders must address structural problems such as under-investment in agriculture and unfair trade rules, which are exacerbating the problem.
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