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Latest Articles in Oil and Gas

India Loses Farzad-B Gas Field In Iran

The overseas investment arm of state-owned Oil and Natural Gas Corp (ONGC), had in 2008 discovered a giant gas field in the Farsi offshore exploration block.

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ONGC To Procure 1 Lakh Oxygen Concentrators

The company will use its understanding of the global supply chain and logistics to procure one lakh oxygen concentrators on behalf of the government of India

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IOC Opens 500-Bedded Covid Care Centre In Panipat

Over 275 healthcare professionals will be manning this hospital including government doctors, doctors on internship, nurses and nursing students.

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BPCL Supplies Oxygen, Utilities To Make-Shift COVID Centre At Kochi Refinery Premises

BPCL has been at the forefront in supporting the healthcare system, by upgrading its facilities at Mumbai and Bina Refineries for supply of 600 tonnes free gaseous oxygen per month to government hospitals and medical centres, besides supplying 100 tonnes liquid oxygen from Kochi Refinery every month.

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Crude Oil Futures Drop On Low Demand

West Texas Intermediate crude oil was trading 0.17 per cent lower at USD 63.71 per barrel, while Brent crude was quoting 0.39 per cent down at USD 66.79 per barrel in New York.

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Intense Bidding For KG-D6 Gas In E-Auction On DGH-Approved Platform

Gas users companies like Indian Oil Corporation (IOC), Reliance O2C, GAIL Gas, Adani Total Gas Ltd, Torrent Gas, Torrent Power and gas trading companies like GAIL, Shell and IGS were locked in the intense bidding war on the e-auction that happened on May 5

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ONGC Removes Marketing Margin But Refuses To Lower Gas Price

ONGC's KG-DWN-98/2 or KG-D5 block is expected to have a peak production rate of 15.25 mmscmd of natural gas and 80,000 barrels per day of oil.

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Palm Oil Imports Surge To 7,01,795 Ton In April: SEA

Malaysia's share in export of CPO has increased to 19.5 lakh tonne from 5.01 lakh tonne, while Indonesia's share reduced to 16.9 lakh tonne from 23.1 lakh tonne during the same period of previous year.

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Crude Oil Futures Rise On Spot Demand

Crude oil for the May delivery traded higher by Rs 27, or 0.56 per cent, at Rs 4,827 per barrel in 6,926 lots.

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India's Fuel Sales Drop 9.4% In April On COVID Wave

India was under one of the world's severest lockdowns in April 2020, bringing to a halt almost all economic activity. Fuel sales had halved that month, plunging to the lowest since 2006.

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Crude Oil Futures Dip On Weak Spot Demand

Crude oil for the May delivery dropped by Rs 62, or 1.3 per cent, to Rs 4,716 per barrel with a business volume of 5,977 lots.

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Govt Expects Edible Oil Prices To Cool Off With Release Of Imported Stock

Retail price of soyabean oil has also increased by 37 per cent to Rs 132.6 per kg from Rs 87.5 per kg, while that of groundnut oil by over 38 per cent to Rs 180 per kg from 130 per kg in the said period.

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India Turns To OPEC Nations Saudi, UAE For Oxygen

Saudi Arabia's energy minister said India should first use the stocks of crude it bought cheaply during the price slump in 2020.

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Rising Demand Lifts Refined Soya Oil Futures

Refined soya oil for the May delivery moved up by Rs 12.90, or 0.89 per cent, to Rs 1,456.5 per 10 kg in 28,565 lots.

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Crude Oil Futures Dip On Weak Spot Demand

On the Multi Commodity Exchange, crude oil for the May delivery dropped by Rs 28, or 0.58 per cent, to Rs 4,762 per barrel with a business volume of 6,182 lots.

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