Energy Sector

BP reports profit leap in first half of 2008

Sahil Nagpal 29 July 2008

LondonBritish Petroleum - Oil giant British Petrole

Emmsons International inks pact with ETA Star to form three JV firms

Sumeet Kak 29 July 2008

Great Offshore bags order worth Rs 234 crore from ONGC

Rajvir Khanna 29 July 2008

OPEC crude price stable at the end of last week

Mohit Joshi 28 July 2008

Vienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) nudged only slightly upwards on Friday, OPEC said in a statement on Monday.

Jaiprakash Hydro registers 8.35% rise in Q1 net profit

Gaurav Mehra 27 July 2008

MRPL’s Net Profit Up In Q1; Stock Surges 17%

Sumeet Kak 26 July 2008

Mangalore Refinery & Petrochemicals Ltd (MRPL), an ONGC group MRPL’s Net Profit Up In Q1; Stock Surges 17% company, has posted a net profit of Rs 845.4 crore for the first quarter ended June 30, 2008.  

The company has registered a growth of over two-fold from the year-ago period due to inventory gain of Rs 655 crore net of tax on account of increase in average crude oil price from approximately $100 per barrel in March 2008 to $129/bbl in June 2008.

The Company had posted a net profit of Rs 368.55 crore for the quarter ended June 30, 2007.

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