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Latest Articles in oil and gas

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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India Looks To Expand Energy Ties With Myanmar

Indian oil minister Dharmendra Pradhan began a five-day trip to Myanmar on Monday, scouting for opportunities in oil exploration, refining and products retailing

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Column: For Future Needs

In 2050, India will need four times the energy it consumed in 2016. It is time to start planning for such requirements

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Column: Invest & Integrate

The Finance Minister indicated that possibility of such restructuring is visible in the oil and gas sector and the government proposes to create an integrated public sector ‘oil major’, which will be able to match the performance of international and domestic private sector oil and gas companies

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15% Share Of Gas In Energy Mix By 2035. Achievable?

The government has clearly positioned coal and renewable energy as the major source of future power and natural gas has not even been given a mention

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Vedanta To Invest $10 Billion On Expanding Business

'We are looking to have over a million tonnes of zinc and lead, 1,000 tonnes of silver. We are looking to put up a fertiliser plant for DAP for a million tonnes in Rajasthan,' says Chairman Anil Agarwal

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