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PDVSA and Reliance Resume Oil Swap Under US License Documents Show

The resumption of the oil exchange comes after the US government granted a special license in July.

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Oil imports from Iran drop sharply

Crude oil imports from Tehran have dropped by over 40 per cent this year. With declining imports from Iran and no resolution to the rupee mechanism in sight, the government has already worked on a plan to substitute its imports from Iran by increasing its crude oil purchase basket from countries suc..

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RIL eyes Venezuela

Reliance Industries is looking at oil and gas investment opportunities overseas, especially Venezuela.

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OVL produces oil from Carabobo field

In a move that may increase crude oil production of ONGC, the state-owned oil explorer's overseas arm, ONGC Videsh (OVL) began production from its Carabobo oilfield in Venezuela oil-rich Orinoco Belt. The asset is operated by a JV firm Petrocarabobo, set up in Venezuela in June 2010, in which OV..

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OVL to invest in Venezuela oil field

ONGC Videsh (OVL), which has already invested $350 mn, intends to invest an additional $500 mn in the San Cristobel oil field in Venezuela.

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CESI appointed as cargo agent in India

A key shipper of metallurgical coal appointed Coal Export Services International (CESI) as the cargo agent to monitor the discharge of a capesize cargo that comp-rises separate consignments in India.

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Living by Design

"The present day life of a structural design engineer has become relatively easy with the advent of computers and advanced software. Challenges in designing complicated and irregular structures can be boldly considered," says SB Malekar.

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