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Rapid EV Adoption in India Fanning Expectations That Fuel Demand Could Peak Early
Electric vehicle adoption in India is growing rapidly, prompting a major rethink about demand for fuel, while refiners in the third-largest economy on the continent are moving away from producing fuel. Despite new momentum in India, the question for the country is whether it will be enough to ultimately shake its fossil fuel dependency. State refin...
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Essar Seeks $350 Million From Russia-Backed Nayara In Brand Pact: Report
Essar Group has asked Nayara Energy to pay about $350 million upfront for a brand licensing deal struck 5 years ago when Essar Oil was sold to the Russian-led group, instead of staggering the payment.
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Exclusive: Russia Has No Extra Oil To Sign Deals With Two Indian Buyers; Sources
Indian refiners have been snapping up cheap Russian oil, shunned by western companies and countries since sanctions were imposed against Moscow for its invasion of Ukraine on Feb. 24, which Russia calls a "special military operation".
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Essar UK In Talks To Extend Tax Repayment Deadline
Essar Oil UK is in talks with United Kingdom authorities over extending a January deadline to repay hundreds of millions of pounds in deferred taxes
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IIT(ISM) Dhanbad, EOGEPL Agrees For CBM Technological Innovations
Coal Bed Methane (CBM) gas producer, Essar Oil and Gas Exploration and Production Ltd (EOGEPL) said it has signed an agreement with IIT (Indian School of Mines) Dhanbad, to jointly work on research and development in CBM gas exploration.
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Nayara Energy & Shell Partner To Retail Lubricants Across India
Mumbai-based Nayara Energy will retail Shell's range of premium engine oils from its 5,300 fuel stations across India, under the new strategic partnership.
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Fire Breaks Out At Essar Operated Chemical Plant In United Kingdom
Fire engines were sent to Essar Oil UK's 200,000 barrel per day oil refinery in northwest England on Wednesday after smoke was spotted, although the scale of the fire was unclear, a local fire service spokeswoman said.
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Essar Exits BPO Business With Rs 2,000 Crore Aegis Sale
The proceeds from the sale of Aegis and Essar Oil have enabled Essar to retire almost Rs 75,000 crore of debt.
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Essar To Pay Additional Rs 880 Crore To Minority Shareholders
Essar said it received Rs 338.28 per share and, as per its previous commitment, is sharing the same with minority shareholders.
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Essar Oil CEO Quits After Rosneft's $13 Billion Takeover
Rosneft and its partners restructured the board of the company, packing it with their representatives.
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In India's Largest FDI, Russian Group Completes $12.9 Billion Buyout Of Essar Oil
The company director, Prashant Ruia, said the firm will pay back as much as Rs 70,000 crore to lenders, including SBI, ICICI Bank, Axis Bank, IDBI Bank and StanChart, among others.
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Rosneft, Partners To Announce Acquisition Of India's Essar Oil Completed: Report
Russian Major Rosneft will get a 49 percent stake in Essar, completing the biggest foreign acquisition ever in India, a report said.
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Lenders Approve Rs 86,000-Crore Essar Oil Sale To Rosneft
The deal was signed on October 15 last year in the presence of Prime Minister Narendra Modi and Russian President Vladimir Putin in Goa.
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SBI Chief Says Essar-Rosneft Deal To Close In June
Russian state oil firm Rosneft has struggled to close the acquisition because of debts owed by Essar to several Indian banks.
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Rosneft Struggles To Close $12.9-Billion Essar Oil Deal: Report
Kremlin-controlled Rosneft sees the deal as vital to expanding in Asia's fastest growing energy market.
-
Rapid EV Adoption in India Fanning Expectations That Fuel Demand Could Peak Early
Electric vehicle adoption in India is growing rapidly, prompting a major rethink about demand for fuel, while refiners in the third-largest economy on the continent are moving away from producing fuel. Despite new momentum in India, the question for the country is whether it will be enough to ultimately shake its fossil fuel dependency. State refin...
-
Essar Seeks $350 Million From Russia-Backed Nayara In Brand Pact: Report
Essar Group has asked Nayara Energy to pay about $350 million upfront for a brand licensing deal struck 5 years ago when Essar Oil was sold to the Russian-led group, instead of staggering the payment.
-
Exclusive: Russia Has No Extra Oil To Sign Deals With Two Indian Buyers; Sources
Indian refiners have been snapping up cheap Russian oil, shunned by western companies and countries since sanctions were imposed against Moscow for its invasion of Ukraine on Feb. 24, which Russia calls a "special military operation".
-
Essar UK In Talks To Extend Tax Repayment Deadline
Essar Oil UK is in talks with United Kingdom authorities over extending a January deadline to repay hundreds of millions of pounds in deferred taxes
-
IIT(ISM) Dhanbad, EOGEPL Agrees For CBM Technological Innovations
Coal Bed Methane (CBM) gas producer, Essar Oil and Gas Exploration and Production Ltd (EOGEPL) said it has signed an agreement with IIT (Indian School of Mines) Dhanbad, to jointly work on research and development in CBM gas exploration.
-
Nayara Energy & Shell Partner To Retail Lubricants Across India
Mumbai-based Nayara Energy will retail Shell's range of premium engine oils from its 5,300 fuel stations across India, under the new strategic partnership.
-
Fire Breaks Out At Essar Operated Chemical Plant In United Kingdom
Fire engines were sent to Essar Oil UK's 200,000 barrel per day oil refinery in northwest England on Wednesday after smoke was spotted, although the scale of the fire was unclear, a local fire service spokeswoman said.
-
Essar Exits BPO Business With Rs 2,000 Crore Aegis Sale
The proceeds from the sale of Aegis and Essar Oil have enabled Essar to retire almost Rs 75,000 crore of debt.
-
Essar To Pay Additional Rs 880 Crore To Minority Shareholders
Essar said it received Rs 338.28 per share and, as per its previous commitment, is sharing the same with minority shareholders.
-
Essar Oil CEO Quits After Rosneft's $13 Billion Takeover
Rosneft and its partners restructured the board of the company, packing it with their representatives.
-
In India's Largest FDI, Russian Group Completes $12.9 Billion Buyout Of Essar Oil
The company director, Prashant Ruia, said the firm will pay back as much as Rs 70,000 crore to lenders, including SBI, ICICI Bank, Axis Bank, IDBI Bank and StanChart, among others.
-
Rosneft, Partners To Announce Acquisition Of India's Essar Oil Completed: Report
Russian Major Rosneft will get a 49 percent stake in Essar, completing the biggest foreign acquisition ever in India, a report said.
-
Lenders Approve Rs 86,000-Crore Essar Oil Sale To Rosneft
The deal was signed on October 15 last year in the presence of Prime Minister Narendra Modi and Russian President Vladimir Putin in Goa.
-
SBI Chief Says Essar-Rosneft Deal To Close In June
Russian state oil firm Rosneft has struggled to close the acquisition because of debts owed by Essar to several Indian banks.
-
Rosneft Struggles To Close $12.9-Billion Essar Oil Deal: Report
Kremlin-controlled Rosneft sees the deal as vital to expanding in Asia's fastest growing energy market.
