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Oil PSU executives to defy court orders, to strike tomorrow
Oil PSU executives on Tuesday said they will defy High Court orders to strike work indefinitely from tomorrow morning even as the Government assured that it had plans in place to see that fuel supplies and plant operations are not affected.
ONGC unit raises $1 bn via CPs: Sources
ONGC Videsh Ltd, a unit of state-run oil exploration company Oil & Natural Gas Corp, on Tuesday raised 50 bn rupees ($1.03 bn) through a one-year commercial paper issue, two sources familiar with the deal said.
ONGC launches Rs.44-bn project in Tripura
India's premier hydrocarbons exploration company, Oil and Natural Gas Corp (ONGC), has undertaken a Rs.43.76-bn project in Tripura to boost gas output, the company said here on Tuesday.
Tata moves court against Rel Power
TPC has moved the Delhi HC challenging govt's decision to allow Rel Power to divert coal from the captive mines of Sasan UMPP for use in other projects.
IGL to supply CNG, PNG in national capital territory
Petroleum & Natural Gas Regulatory Board (PNGRB), the downstream regulator in the oil & gas sector, has authorised Indraprastha Gas Ltd (IGL) to supply compressed natural gas (CNG) and piped natural gas (PNG) in the national capital territory (NCT).
MRPL unlikely to renew diesel deal with Iran
Instead, MRPL is in talks with Emirates National Oil Co for a one-year diesel export deal, which could amount up to 500,000 tonnes per year, the source added.
30k-cr oil bonds to wipe red ink from cos? books
The government is working on a bailout package to prevent its three blue chip oil companies-Indian Oil, Bharat Petroleum and Hindustan Petroleum-from closing 2008-09 in the red.
All?s well for India?s oil and gas future
The two discoveries , RIL?s offshore gas project and Cairn?s onland oil discovery, are set to begin contributing to India?s energy kitty in 2009-10.
Oil PSU officers to go on strike from Jan 7
PSU oil firm executives will go on indefinite strike from January 7, as govt failed to live up to its promises.
Oil ministry withdraws kerosene marker scheme
The petroleum ministry has repealed the law requiring mandatory doping of colour (marker) with kerosene from Thursday.
Govt oil cos review strategies to beat private competition
Essar Oil has expanded the number of outlets to over 1,000 and plans to add 1,400 more, while Shell India has earmarked Rs 250 crore for the first phase of its retail operations in India.
GAIL buys LNG from Shell for $11.7 per million Btu
State gas utility GAIL India Ltd has bought liquefied natural gas (LNG) from Shell India at $11.7 per million British thermal unit.
Oil companies slash ATF prices by 6.8%
State-owned oil companies on Wednesday cut aviation turbine fuel (ATF) prices by 6.8%, making it the eighth straight reduction since September.
OVL to takeover Imperial as shareholders accept open offer
OVL's 1,250 pence per share offer values the entire deal at around £1.4 billion or approximately $2.1 billion at the prevailing exchange rates.
Inter-ministerial clash on block allotment delays coal-to-oil plan
The government?s ambitious programme to convert coal into oil is faltering as there is no consensus among ministries on how to allocate coal blocks, a senior government official said.
Imperial Energy investors back ONGC bid: Source
Shareholders owning over 90% of UK-listed oil explorer Imperial Energy have backed a $1.89 billion bid from ONGC.
ONGC completes Imperial acquisition
Decks have been cleared for Oil and Natural Gas Corporation's $1.9 bn takeover of Imperial Energy with about 96 pc of the London-listed firm's shareholders accepting its offer of 12.50 pounds a share.
MoPNG appoints regular joint secretary
After a gap of almost five months Ministry of Petroleum & Natural Gas (MoPNG) has finally appointed a regular joint secretary in its exploration division.
Venezuela tells ONGC of output cut
Venezuela has told India's Oil and Natural Gas Corp it will have to reduce output from the joint-venture San Cristobal oilfield after OPEC agreed a record production cut this month, an ONGC source said on Tuesday.
OVL may acquire management control to buy Imperial
<p>OVL may pick up even less than 90% valid sale offers to acquire management control of Imperial, if 90% condition is not met. <a href="http://economictimes.indiatimes.com/articleshowpics/3798032.cms" target="_blank"><b>World's largest refining companies</b></a></p>
ONGC Videsh to go ahead with Imperial Energy deal
<p>ONGC Videsh has decided to go ahead with the acquisition of the UK-listed Imperial Energy. <a href="http://economictimes.indiatimes.com/articleshowpics/3798032.cms" target="_blank"><b>World's largest refining companies</b></a> | <a href="http://economictimes.indiatimes.com/articleshowpics/3213825.cms" target="_blank"><b>World's top 10 oil producers</b></a></p>
RIL on mission to cut flab, turn waste into cash
<p>The initiative, cutting across all its major industrial operations, is aimed at optimising costs and operations across the value chain. <a href="http://economictimes.indiatimes.com/articleshowpics/3509972.cms" target="_blank"><b>RIL's first crude from KG basin</b></a></p>
'ONGC close to sealing Imperial deal'
Reports in the UK media suggest that ONGC is close to securing the minimum threshold of shareholder acceptances for acquiring Imperial Energy.
Myanmar signs gas deal with SKorea, India, China: Media Reports
Military-run Myanmar has signed a deal with South Korean and Indian companies to pipe natural gas from the energy-rich nation's offshore fields to China.
SBI to do the valuation of Tidewater for Andrew Yule
Andrew Yule & Co has shortlisted State Bank of India (SBI) to carry out the valuation of its 26.2% stake in Tidewater Oil ? the company which owns the automobile lubricant brand Veedol.
RPL commissions its refinery in record time as peers struggle
Reliance Petroleum (RPL), a Mukesh Ambani company, has commissioned the world?s sixth-largest refinery in record time of just 36 months.
Pakistan delegation in Iran to seek oil on deferred payment
A high-level Pakistani delegation on Sunday travelled to Iran to seek oil on deferred payments and to hold talks to speed up the implementation of the Iran-Pakistan-India gas pipeline project, a petroleum ministry official said.
Battered in 2008, year ahead for Ambani groups remains cloudy
<p>You may like them, you may hate them, but you just can't wish them away! Such is their aura in stock market. <b>Weekly Gainers: BSE</b> <a href="http://economictimes.indiatimes.com/marketgainerloser.cms?exchangeid=47&exchangegroup=A§orid=0&frequency=weekly&exchangeindexid=0&pagesize=30&isgainer=true&pagenumber=1&Go=Go
" target="_blank"><b>A</b></a> , <a href="http://economictimes.indiatimes.com/marketgainerloser.cms?exchangeid=47&exchangegroup=B§orid=0&frequency=weekly&exchangeindexid=0&pagesize=30&isgainer=true&pagenumber=1&Go=Go
" target="_blank"><b>B</b></a> , <a href="http://economictimes.indiatimes.com/marketgainerloser.cms?exchangeid=50&exchangegroup=§orID=0&exchangeindexid=0&frequency=daily&isgainer=true&pagesize=30&pageNumber=1
" target="_blank"><b>NSE</b></a> | <b>Losers: BSE </b><a href="http://economictimes.indiatimes.com/marketgainerloser.cms?exchangeid=47&exchangegroup=A§orid=0&frequency=weekly&exchangeindexid=0&pagesize=30&isgainer=false&pagenumber=1&Go=Go
" target="_blank"><b>A</b></a> , <a href="http://economictimes.indiatimes.com/marketgainerloser.cms?exchangeid=47&exchangegroup=B§orid=0&frequency=weekly&exchangeindexid=0&pagesize=30&isgainer=false&pagenumber=1&Go=Go
" target="_blank"><b>B</b></a> , <a href="http://economictimes.indiatimes.com/marketgainerloser.cms?exchangeid=50&exchangegroup=§orid=0&frequency=weekly&exchangeindexid=0&pagesize=30&isgainer=false&pagenumber=1&Go=Go
" target="_blank"><b>NSE</b></a></p>
IOC puts petrochem project on hold, to focus on refinery
India?s largest refiner Indian Oil Corporation (IOC) has decided to put on hold a petrochemical complex, which was to be set up along with the 15 metric million tonnes per annum (mmtpa) export oriented refinery in Paradip.
PetroMin turns down RPL request to export LPG
Oil Ministry is believed to have turned down Reliance Petroleum Ltd's request to export LPG from its newly commissioned refinery at Jamnagar in Gujarat, forcing the only-for-exports unit to sell the cooking fuel locally.
Petrol begins to flow from RPL refinery
RPL with its capacity and complexity may be better placed to beat the slump in demand.
Oil PSU officers to be on strike from Jan 7
Public sector oil firm executives will strike work indefinitely from January 7 against the "minuscule wage hikes" approved by the Government.
Pak offers to buy Indian share of Iranian gas under IPI: Report
Pakistan has offered to Iran that it could buy the Indian share of gas from the proposed USD 7.5 billion pipeline project involving the three countries.
Reliance Petroleum commissions Jamnagar refinery
<p>The refinery is the sixth largest refinery in the world capable of processing 5,80,000 barrels of oil per day (bopd). <a href="http://economictimes.indiatimes.com/articleshowpics/3509972.cms" target="_blank"><b>RIL's first crude from KG basin</b></a></p>
Judge hearing RIL-RNRL case transferred
Justice KK Tated of the division bench of the Bombay High Court, who was hearing the long-pending dispute between Ambani brothers over the supply of gas, has been transferred to Aurangabad.
ONGC arm awards $1.5-b contract to Samsung, German firm
ONGC Petro-addition (OPaL) - a subsidiary of state-owned Oil & Natural Gas Corp (ONGC) - has awarded a $1.5-bn contract for its ethylene project to a consortium of Samsung Engineering of South Korea and German engineering firm Linde.
GSPC gets clearance for gas recovery from KG basin
It's a shot in the arm for Gujarat government-promoted Gujarat State Petroleum Corporation (GSPC). The director general of hydrocarbon has approved GSPC?s declaration of commerciality for KG-8 discovery in the Krishna-Godavari basin offshore block KG-OSN-2001/3 on Tuesday.
Co lines up $100 m to develop oil, gas blocks
The state venture Gujarat State Petroleum Corporation will invest $100 mn to develop the new oil and gas blocks. It was awarded 10 blocks in NELP-VII round to develop with partners and individually on Monday evening.
RPL to start production at Jamnagar refinery by Dec 28
Mukesh Ambani-run Reliance Petroleum Ltd may start production at its 580,000 barrels per day only-for-exports refinery at Jamnagar in Gujarat by December 28, the birth anniversary of group founder Dhirubhai Ambani.
Reliance Industries to start world's biggest refinery
<p>The $6 bn project will pump out 1.24 million bpd of ultra-clean fuels to Europe, Africa and the United States. <a href="http://economictimes.indiatimes.com/articleshowpics/3213825.cms" target="_blank"><b>World's top 10 oil producers</b></a> I <a href="http://economictimes.indiatimes.com/articleshowpics/3798032.cms" target="_blank"><b>World's largest refining cos</b></a></p>
BP gets ready to explore the Indian deepwater
BP and Reliance Industries (RIL) on Monday signed a production sharing contract for the block KG-DWN-2005/2 with the Government of India.
Reliance procrastinates crude oil delivery to CPCL by 2 months
Reliance Industries has put off delivery of crude oil from its eastern offshore Krishna Godavari basin D6 block to Chennai Petroleum Corp (CPCL) by almost two months to February 15 due to equipment failure at the oilfield.
ONGC unit awards $1.5 bn ethylene project to Samsung Engineering
ONGC Petro-addition Ltd (OPaL) has awarded a $1.5 billion contract for its ethylene project to the consortium of Samsung Engineering of South Korea and German engineering firm Linde.
Govt issues oil bonds worth Rs 22k cr
The government issued bonds worth Rs 22,000 crore to compensate the cash strapped oil marketing companies.
Govt may shelve HPCL consortium?s Vizag refinery citing poor fuel demand
The Centre on Monday signalled that a proposed project by a Hindustan Petroleum-led consortium to set up a refinery in Visakhapatnam may be shelved, saying it would review its feasibility in the light of the global economic slowdown hitting demand for fuel.
Reliance leases Vopak oil storage in Singapore
India's Reliance Industries has leased 100,000 cubic metres (cu m) of clean oil products storage in Singapore, further expanding its global presence as the private oil refiner prepares to commission its new mega-refinery.
Fate of Hindustan Petroleum Corp's Vizag project uncertain
The fate of Hindustan Petroleum Corp Ltd-promoted $10 billion Vizag refinery-cum-petrochemical project is uncertain.
Nelp-VIII likely to offer 100 blocks
The petroleum ministry is planning to auction over 100 prospective areas for oil and gas exploration by March 2009 under the eighth round of New Exploration Licensing Policy (Nelp-VIII).
ONGC may be partly relieved from fuel subsidies
ONGC to be exempted from subsidising domestic LPG and kerosene as steep fall in global crude oil prices has eroded gains.
BP, RIL sign contract to jointly explore in KG basin
BP and Reliance Industries on Monday signed a production sharing contract for the block KG-DWN-2005/2 with the Indian government.
Cairn India announces another oil and gas find in Rajasthan
Cairn India, a unit of Edinburgh-based Cairn Energy Plc has announced that it has made an oil and gas discovery adjacent to its Raageshwari oil field in the Rajasthan block.
Cairn India finds gas, oil reserves in Rajasthan
Cairn India Ltd today announced that it has made an oil and gas discovery adjacent to the Raageshwari oilfield in its Rajasthan block.
RIL may begin production at KG basin by Feb 2009
Pipelines are ready to supply gas from the basin to 20 existing gas-based fertiliser plants as per the govt?s gas utilisation policy.
Reliance's Iran links invite US ire
Export-Import Bank of the US has come under attack from a group of American Congressmen for a 'perfunctory' due diligence on India's top corporate entity Reliance Industries and failing to detect its ties with Iran.
US lawmakers ask Ex-Im to suspend aid to RIL over Iran ties
<p>A group of US Congressmen have asked Export-Import Bank to suspend $900 mn worth assistance to Reliance Industries. <a href="http://economictimes.indiatimes.com/quickiearticleshow/3817114.cms" target="_blank"><b>Top managerial salaries under scanner</b></a></p>
US lawmakers want RIL assistance stopped on Iran ties
Lawmakers have demanded that the Export-Import Bank of the US immediately suspend all financial assistance to RIL until it agrees to stop selling gasoline to Iran.
Imperial fears postal strike, asks investors to accept ONGC offer soon
Amid speculation of a postal strike in the UK, London-listed Imperial Energy has asked its shareholders to accept the ONGC offer ?as early as possible?. Priced at 1,250 pence a share.
Govt unlikely to cut fuel prices further
Govt will allow IOC, BPCL and HPCL- to earn additional profits on petrol and diesel for some more time before evolving a new mechanism to offset their losses on retail sales of kerosene and cooking gas.
IOC-Adani Energy JV may pick 50 pc stake in LNG terminal
A newly formed joint venture of state refiner Indian Oil Corp and Adani Energy may take 50 per cent stake in a Rs 4,000-crore LNG import terminal planned by GSPC at Mundra in Gujarat.
Gail imposes service charge on gas distribution
Gail India has introduced a service charge of Rs 110 per thousand standard cubic metre for distributing gas produced by government-owned companies.
Reliance defaults in oil delivery to CPCL
Reliance Industries has failed to deliver the second consignment of crude oil from its eastern offshore Krishna-Godavari basin D6 block to Chennai Petroleum Corp Ltd, as output from the field has been erratic.
ONGC loses over Rs 1,570-cr in revenues
Oil and Natural Gas Corp, India's largest oil and gas producer, lost over Rs 1,570 crore in revenues on sale of natural gas at price lower than its cost of production during 2007-08.
India curbs LNG buying as naphtha cheap option
Indian buyers have brought Asia's already-slow spot market for liquefied natural gas (LNG) to a virtual halt as they switch to naphtha, an alternative fuel that has tumbled in price in line with oil.
Imperial says no Lehman risk to ONGC bid
Imperial Energy said its agreed takeover by India's ONGC was not at risk because shares owned by collapsed investment bank Lehman Brothers would not be tendered for sale.
Oil cos slash jet fuel prices by 11%
State-run oil companies on Monday cut jet fuel or aviation turbine fuel (ATF) prices by over 11 per cent, making it the seventh straight reduction since September.
IOC plans to buy sugar mill in Brazil
State-run Indian Oil Corp is planning to buy a sugar mill and set up a refinery in Brazil to produce ethanol.
Rosneft not to buy stake in Imperial-Report
Russia's top oil producer, Rosneft, will not buy a stake in Imperial Energy, which India's state-run ONGC is acquiring, Indian government and ONGC sources said.
OVL may pick up only 51% stake in Imperial, save $1 bn
OVL has a chance to save around $1 billion in the $2.1-billion deal for acquiring the UK-listed Imperial Energy.
Chevron to decide RPL deal by January
Chevron, the world?s fourth-largest oil company, will take a final decision by the end of January 2009 on buying a 24% stake in Reliance Petroleum (RPL) and hold on to the 5% it already has in the company.
Govt in a spot over RIL-RNRL case
The government?s decision to withdraw all four affidavits it had filed in the RIL-RNRL gas dispute case has raised several questions
RIL shuts oil production from KG-basin after pipe rupture
Reliance Industries has shut crude oil production from its Krishna Godavari basin D6 fields after a pipe rupture.
RPL denied permission to export LPG from Jamnagar: Source
The government has declined Reliance Petroleum permission to export LPG from its under- construction only-for-exports refinery at Jamnagar in Gujarat, as the nation continues to face deficit in cooking gas production.
Auto fuel rates to be freed
Prices of petrol and diesel will soon be deregulated under plans being considered at the highest levels in the government and could result in consumers paying less at the pump, as prices reflect the recent steep fall in international oil prices.
Govt withdraws affidavit in RIL-RNRL gas dispute case
In an unusual development, the government has withdrawn the affidavit, it had filed in the Bombay High Court, arguing that Reliance Industries (RIL) cannot sell Krishna-Godavari basin gas at a price less than $4.20 per million metric British thermal units (mmBtu).
Government withdraws affidavit in RIL-RNRL case
Appearing for the Union Government, Additional Solicitor General Mohan Parasaran said that the affidavits filed by S M Sundaram, under secretary, ministry of Petroleum and Natural Gas, will be withdrawn.
MRPL says refinery project delayed
Mangalore Refinery & Petrochemicals Ltd said on Thursday its plans to expand refining capacity would be delayed by more than a year to October 2011 due to adverse market conditions and high costs.
OVL submits feasibility report for oil discovery in Iran
After receiving approval for the commercial viability of natural gas production from the Farsi block in Iran, the overseas arm of Oil and Natural Gas Corporation, OVL, has now submitted a feasibility report for the oil discovery it made in the block two years ago.
Falling crude, credit turmoil may delay NELP VIII bidding
The eighth round of bidding for oil exploration blocks in India is likely to see huge delays with most oil companies hesitant to pump in money into such risky ventures.
ONGC suffers another blow as Imperial gives up Kazakh licence
Imperial Energy, which is in the process of being taken over by ONGC, has not renewed its licence to prospect oil in Kazakhstan. The non-renewal of licence in Kazakhstan means that Imperial has lesser assets now than what it had five months ago when ONGC had agreed to buy it for $2.6 billion.
RIL gas production plan under threat as expats refuse to return
Travel advisories issued by some countries in the aftermath of Mumbai terror attacks have seen several expats refusing to return to work on the D6 project.
ONGC Videsh to borrow $1 bn in rupees from Indian banks
ONGC Videsh is likely to borrow the equivalent of $ 1 billion in rupees to part-fund the buyout of Imperial Energy.
Terror attack casts shadow on RIL natural gas production
The Mumbai terror attacks may derail Reliance Industries' plans to start natural gas production from its eastern offshore D6 field from January 2009, as several ex-pats have refused to return to India citing safety reasons.
CRISIL offloads 90% holding in Gas Strategies Group
CRISIL has offloaded 90 per cent of equity in its UK subsidiary, Gas Strategies Group Ltd, to the management team of the company. CRISIL will retain a 10 per cent shareholding in the company.
ONGC forced to go ahead with bid for Imperial
State-run Oil and Natural Gas Corp reluctantly went ahead with its high-priced bid for Russia-focused oil company Imperial Energy on Tuesday after losing its appeal to delay the process.
OVL submits open offer for Imperial
Oil & Natural Gas Corp?s (ONGC) overseas arm ONGC Videsh (OVL) on Tuesday announced cash offer to acquire Imperial Energy at the agreed price of 1,250 pence-a-share after getting the go-ahead from the Cabinet committee on economic affairs (CCEA).
OVL to go ahead with the acquisition of UK-listed Imperial Energy
<p>The $2.1 bn deal will be one of the bigger deals by ONGC in recent times. The deal will help India improve its energy security. <a href="http://economictimes.indiatimes.com/articleshowpics/3798032.cms" target="_blank"><b>Largest refining cos</b></a> | <a href="http://economictimes.indiatimes.com/articleshow/3798185.cms" target="_blank"><b>Revised fuel prices</b></a></p>
Government allows OVL to go ahead with Imperial bid
The government on Tuesday allowed state-run oil company ONGC Videsh Ltd to make a formal offer for acquiring 100 per cent equity in UK-listed Imperial Energy for 1.4 billion pounds.
RNRL criticises govt for fixing RIL?s KG gas price
Anil Ambani?s Reliance Natural Resources (RNRL) has strongly criticised the government for fixing the selling price of gas from Reliance Industries? (RIL) Krishna Godavari (KG) basin at $4.2 per million metric British thermal unit (mmbtu).
OVL open offer for Imperial Energy on Tuesday
ONGC Videsh Ltd (OVL), the overseas investment arm of India's biggest oil explorer ONGC, will go ahead with its planned $2.1-billion purchase of Imperial Energy.
ONGC not seeking further delays in Imperial bid
ONGC has abandoned efforts to delay its acquisition of British oil explorer Imperial Energy and accepts it must send an offer document by midnight Tuesday.
ONGC may seek fresh Cabinet nod to acquire Imperial Energy
Oil & Natural Gas Corporation may need fresh Cabinet approval for acquiring UK-listed Imperial Energy Plc as fall in international crude oil price had drastically brought down the returns on the 1.4 bn pound investment.
Fire in Reliance oil refinery in Jamnagar
Fire broke out today in a plastic waste pit at the Reliance oil refinery was brought under control by the fire officials.
RPL to commission Jamnagar refinery by March
Reliance Petroleum Ltd, a unit of Mukesh Ambani-run Reliance Industries, may fully commission its 580,000 barrels per day only-for-exports refinery at Jamnagar in Gujarat by March.
Petrol to cost Rs 5 less; diesel cheaper by Rs 2
The government slashed prices of petrol and diesel by Rs 5 and Rs 2 a litre, respectively.
Chevron seen certain to drop Reliance stake
<p>The US oil major has until June to decide whether or not to increase the 5% share it bought in Reliance Petroleum. <a href="http://economictimes.indiatimes.com/articleshowpics/3798032.cms" target="_blank"><b>World's largest refining cos</b></a> | <a href="http://economictimes.indiatimes.com/articleshow/3798185.cms" target="_blank"><b>Revised fuel prices</b></a></p>
RIL's refining margins under pressure as input costs rise
RIL is facing an erosion in its gross refining margins, the difference between the value of finished products and the raw material costs, in some of its products.
ONGC to hire three high-speed vessels for offshore security
State-run Oil and Natural Gas Corp today said it would hire three high-speed armoured vessels to safeguard its offshore oil installations from attacks in view of last week's terror carnage in the city.
India Inc happy with fuel price cuts, wants more
Welcoming the government's decision to reduce prices of petroleum products, India Inc today said there is scope for further cuts as crude oil prices in the international market have dropped from about $147 to less than $43.
List of revised fuel prices
The following are the revised prices in rupees of petrol and diesel in the four metros effective midnight. Prevailing prices (Rs/litre) are in parenthesis.
Govt cuts petrol, diesel prices
<p>Prices of petrol has been reduced by Rs 5 and diesel by Rs 2 a litre. <b>Gainers: BSE</b> <a href="http://economictimes.indiatimes.com/marketgainerloser.cms?exchangeid=47&exchangegroup=A§orid=0&frequency=daily&exchangeindexid=0&pagesize=30&isgainer=true&pagenumber=1&Go=Go" target="_blank"><b>(A</b></a>, <a href="http://economictimes.indiatimes.com/marketgainerloser.cms?exchangeid=47&exchangegroup=B§orid=0&frequency=daily&exchangeindexid=0&pagesize=30&isgainer=true&pagenumber=1&Go=Go" target="_blank"><b>B</b></a>), <a href="http://economictimes.indiatimes.com/marketgainerloser.cms?exchangeid=50&exchangegroup=§orID=0&exchangeindexid=0&frequency=daily&isgainer=true&pagesize=30&pageNumber=1" target="_blank"><b>NSE </b></a> | <b>Losers: BSE</b> <a href="http://economictimes.indiatimes.com/marketgainerloser.cms?exchangeid=47&exchangegroup=A§orid=0&frequency=daily&exchangeindexid=0&pagesize=30&isgainer=false&pagenumber=1&Go=Go" target="_blank"><b>(A</b></a>, <a href="http://economictimes.indiatimes.com/marketgainerloser.cms?exchangeid=47&exchangegroup=B§orid=0&frequency=daily&exchangeindexid=0&pagesize=30&isgainer=false&pagenumber=1&Go=Go" target="_blank"><b>B</b></a>), <a href="http://economictimes.indiatimes.com/marketgainerloser.cms?exchangeid=50&exchangegroup=§orID=0&exchangeindexid=0&frequency=daily&isgainer=false&pagesize=30&pageNumber=1" target="_blank"><b>NSE</b></a> | <b>52 Week:</b> <a href="http://economictimes.indiatimes.com/fiftytwoweekhighlow.cms?exchangeid=47&exchangegroup=&exchangeindexid=0§orid=0&ishigh=true&pagesize=30&pagenumber=1" target="_blank"><b>High</b></a>, <a href="http://economictimes.indiatimes.com/fiftytwoweekhighlow.cms?exchangeid=47&exchangegroup=&exchangeindexid=0§orid=0&ishigh=false&pagesize=30&pagenumber=1" target="_blank"><b>Low</b></a> | <b>Sectoral: </b><a href="http://economictimes.indiatimes.com/articleshow/3376833.cms" target="_blank"><b>Gainers</b></a>, <a href="http://economictimes.indiatimes.com/articleshow/3376856.cms" target="_blank"><b>Losers</b></a></p>
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Are Hybrid Cars The Hottest Trend?
By Gregg Hall
Hybrid technology is not new to the world of automobiles. Ferdinand Porsche first introduced hybrid technology in 1899. However, with current pressures regarding pollution and environment concerns setting in, and fuel prices touching a new Honda and Toyota launched their Hybrid car models in 1990. Before we discuss the latest offerings in hybrid cars, let us have an overview of what is the technology behind the hybrid cars.
In simple terms, a vehicle that uses a combination of two or more sources of energy to move itself is called a Hybrid vehicle. It can be diesel-electric, nuclear-electric or gasoline-electric. A hybrid car, in present terms, means any car that has a combination of an electric motor and a (or diesel) engine. The main components of a hybrid vehicle are a engine, an electric motor, a generator (mostly on series hybrids), fuel storage container, batteries and a transmission.
There are two kinds of engines for hybrid cars. The first is a parallel hybrid. It has both a and electric motor and both work separately to move the car further. The second variant of a hybrid car is known as a series hybrid. In a series hybrid, the gas or diesel powered engine does not truly run the car by itself. It powers a generator, which in turn powers the batteries or electric motor that connects to the transmission and run the car.
The new hybrid car is very much in tune with the latest style and the liking of modern day car users. While still maintaining its purpose of saving fuel without compromising on speed or power, latest hybrid cars are very sleek. Their lightweight structure gives them an extra power and better fuel efficiency. In some models, cameras and map-reading equipment have taken place of mirrors and wheel covers to save energy. In some cars, sensors prompt the engine to shut down, when the car stops and restart when you shift gear. However, this is possible only when the car running on electric power.
The leading car manufacturers are boasting of innovations in hybrid vehicles, each day. These new models of hybrid cars are said to be even better than the conventional gas powered cars with respect to design and power.
The plus points of a Hybrid car are innumerable. It is eco-friendly, saves fuel and conserves our precious natural resources. The hybrid cars are small, efficient and available in a variety of styles.
The Hybrid car is no doubt, the future of automobile industry. By adapting it in our lives, we will definitely be doing our bit towards protecting the environment. You just need to know, what kind of vehicle to pick according to your need and lifestyle. Become Six Sigma Certified - Sponsored Link
Ad - www.VillanovaU.com/SixSigma Jan 6 2009 7:58PM GMT
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Oil prices rally above US$50
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Lower Fuel Prices Hurt U.S. Hybrid Sales
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Oil prices rise amid rows
New Straits Times Jan 6 2009 7:51PM GMT
Slovenia:Russian Gas Deliveries Increase To 50% Normal Supply
Nasdaq Jan 6 2009 7:50PM GMT
Canadian Dollar Climbs Against Major Counterparts On Higher Oil Prices
Nasdaq Jan 6 2009 7:50PM GMT
Bearish options traders targeting a leading oil and gas producer
Schaeffers Research Jan 6 2009 7:49PM GMT
World stocks advance as oil rises to near $50
Ein News Jan 6 2009 7:48PM GMT
Britain 'immune' from gas shortages
Ananova Jan 6 2009 7:48PM GMT
Oil Prices Rise Again; Stocks Open Higher
Ein News Jan 6 2009 7:48PM GMT
[external] Gazprom - Ukraine stealing 15 pct of Russian gas
Yahoo! Singapore Jan 6 2009 7:48PM GMT
ENTREPOSE Contracting: Acquisition of CHALLENGER Special Oil Services
Yahoo! Canada Jan 6 2009 7:47PM GMT
Shortages spread as gas row flares
The West Online Jan 6 2009 7:47PM GMT
Oil climbs to reach five week high
Sydney Morning Herald Jan 6 2009 7:47PM GMT
Russian Natural Gas Supply to Europe Dwindles
Peak Oil Jan 6 2009 7:47PM GMT
Fuel price, fare soar in Jiri
E Pao Jan 6 2009 7:46PM GMT
Oil caught in tug-of-war
CNN Jan 6 2009 7:46PM GMT
ENTREPOSE Contracting: Acquisition of CHALLENGER Special Oil
PR Newswire via MSN Money Jan 6 2009 7:46PM GMT
Ukraine stops natural gas transfers to Hungary
Xinhua News Agency Jan 6 2009 7:46PM GMT
Chevron, Exco shares gain
MarketWatch Jan 6 2009 7:44PM GMT
Airline Stocks: Oil climbs, but Continental shares pace airline gainers
MarketWatch Jan 6 2009 7:44PM GMT
Canadian Dollar Climbs Against Major Counterparts On Higher Oil Prices
RTTNews.com Jan 6 2009 7:43PM GMT
Russia-Ukraine Gas Conflict Hits Europe
BusinessWeek Jan 6 2009 7:43PM GMT
What's Old is New Again as Con Edison Partners with Hydrodec to Re-refine Used Transformer Oil
MarketWatch Jan 6 2009 7:43PM GMT
Britain 'immune' from gas shortages
Glasgow Herald Jan 6 2009 7:43PM GMT
Oil hovers at $49 on economic data, supply concerns
Globe Investor Jan 6 2009 7:40PM GMT
European countries' gas dependence varies
San Francisco Chronicle Jan 6 2009 7:39PM GMT
class="articletext"> Gregg Hall is a business consultant and author for many online and offline businesses and lives in Navarre Florida with his 16 year old son. Get quality car care products from www.stopwaxing.com
Article Submission done by: www.articles-submit.com
Courtesy of:101Articles.com
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