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Latest Articles in oil and gas

Russia's VTB Says Final Stage Of India's Essar Acquisition To Start On March 31

Rosneft will acquire a 49 percent stake in Essar and another 49 percent will be shared between commodities trader Trafigura and Russian private investment group United Capital Partners

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Indian Oil To Sell 24 Per Cent Stake In India JV To Lubrizol Corp

IOC held a 50 percent stake in the joint venture, Lubrizol India Pvt Ltd, according to the company's 2015-16 annual report

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Oil Prices Jump After Data Shows Surprise US Stock Draw

If the draw is confirmed by government data on Wednesday, it would be the first drawdown after nine consecutive builds

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Iran Leapfrogs Iraq As India's No. 2 Oil Supplier In Feb

While Saudi Arabia remained the biggest oil supplier to India, ship tracking data showed imports from Iran rose to 647,000 barrels per day (bpd) in February

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Petroleum Minister Dharmendra Pradhan Meets US Energy Secretary, Discusses LNG Deal

Minister of State for Petroleum and Natural Gas Dharmendra Pradhan has discussed with new Energy Secretary Rick Perry the possibility of importing LNG from the US and Indian investment in the energy sector there

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India Announces New Hydrocarbon Exploration Licensing Policy

India aims at energy security by increasing oil and gas production in upstream sector and acquiring assets overseas

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GAIL Signs 1st Time-Swap Deal For US LNG With Gunvor

Under the agreement, Gunvor will supply 15 cargoes or about 0.8 million tonnes of LNG to GAIL on India's west coast between April and December this year in oil-linked prices on a delivered basis in India, two sources with knowledge of the deal said

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Saudi Aramco To Invest $7 Billion In Petronas' RAPID Oil Refinery

The RAPID project, located at Pengerang in Johor, is expected to begin operations in the first quarter of 2019

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ONGC To Take Control Of HPCL To Create Larger Oil Sector Entity

India plans to create a giant oil company by combining state-owned firms, finance minister Arun Jaitley said in the budget speech earlier

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Oil Ticks Up On Supply Cuts, But Rising US Output Caps Gains

The market has been supported within a tight $4 to $5 range since November, when the Organization of the Petroleum Exporting Countries (OPEC) and other producers agreed to cut production

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L&T Unit Wins $165 Million Contract From Indian Oil Corp

L&T Hydrocarbon Engineering won the contract for setting up a 0.74 million metric tonne per annum fluidised cracking unit

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ONGC To Invest $1.1 Billion To Boost Output

Most of this investment would go into developing the R-Series fields, off India's west coast, that can produce 8.39 million tonnes of oil and 1.696 BCM of gas

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India To Auction Exploration Rights By June

India overhauled its exploration licensing last year with a shift to a revenue sharing model, while also allowing pricing and marketing freedom to the operators

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Saudi Aramco Taps JPMorgan, M.Stanley For IPO, HSBC A Contender - Source

The IPO is the centrepiece of the Saudi government's ambitious plan, known as Vision 2030, to diversify the economy beyond oil

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ONGC Takes Profit Hit From Royalty Payments

Indian law requires companies to pay 20 per cent of the market value of oil produced as royalty to states where oil blocks are located

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