Energy Sector

Get ready for price hike, says Petroleum Minister

Petrol PumpThe Indian government will hike the prices of diesel and petrol by January 2008, and

Indian Oil Corporation Buy Call

Suzlon Energy Trading Call

As per view of technical analysts, Suzlon Energy can be bought at current market price with the stop loss of Rs 1932 for a target of Rs 1966 – 1991. This is an intraday call for day traders.

Helium isotopes may identify potential sources for geothermal energy

Washington, Dec 2: A new research by geologists has suggested that areas with high resource potential for geothermal energy can be identified using the ratio of helium isotopes.

ONGC Videsh wins two exploration blocks in Brazil

New Delhi, Nov 28: Oil and Natural Gas Corporation Limited’s wholly-owned subsidiary ONGC Videsh has bagged two blocks in Brazil, namely deepwater Block 470 in the highly prospective Espirito Santo basin and shallow water Block 1413 in another highly prospective Santos basin, amid stiff competition from International companies.

Earlier, Agência Nacional do Petróleo (ANP), the regulatory agency of Brazil, had announced the opening of Brazil Round 9, in which, 271 blocks, distributed among nine basins, totalling almost 73,000 km² in deepwater, shallow water and onshore were on offer.

India allots 2.6 billion USD for developing renewable sources of energy

New Delhi, Nov 24 : The Indian government has allotted rupees 10,460 crores (2.6 billion USD) for the development of new and renewable sources of energy in the country during the 11th five-year pla

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