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Latest Articles in oil and gas
Advanced Economies Vs Emerging Markets: Differing Opinions Come To Fore On Energy Security At IEW 2023
The general consensus at IEW 2023 hammered the fact that oil and gas will continue to play a substantial role in meeting the international energy needs in years to come
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Energy Transition Could Be Greatest Leap In Global Economic Prosperity Since 1st Industrial Revolution: UAE Min
But the transition must be fair and just, says UAE Minister of Industry and Advanced Technology
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ONGC Unit Starts Oil And Gas Production In Arabian Sea
The unit is expected to handle up to 20,000 barrels per day of crude oil, with a maximum export gas capacity of 2.36 million cubic meters per day
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Europe's Energy Bill Touches $1 Tn, Marks Beginning Of Crisis
After this winter, the region will have to replenish its gas reserves with little to no deliveries from Russia, increasing competition for fuel tankers
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Azerbaijan Emerging As An important Crude Oil Supplier To India: MEA
Bilateral trade has grown many-folds and today stands at around USD 1 billion (January to September 2022), the ministry said
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Importing Russian Oil At Discounted Price To Manage Inflation: FM Sitharaman
India's Finance Finister said importing Russian oil was part of the country's inflation-management strategy and that other countries were doing something similar
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Indian Equities Post Fourth Straight Weekly Gain Ahead Of Inflation Data
The NSE Nifty 50 index climbed 0.22 per cent to 17,698.15, at close, and the S&P BSE Sensex rose 0.22 per cent to 59,462.78
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Oil Falls On China Growth Worries As EU Weighs Russian Crude Ban
China released data on Saturday showing factory activity in the world's second-largest economy contracted for a second month to its lowest since February 2020 because of COVID lockdowns
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ONGC Commissions Rs 6,000 Cr Projects To Boost Oil, Gas Output
"The two projects will result in an incremental gain of 7.5 million tonnes of oil and more than 1 BCM of gas," ONGC said in the statement
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BP Exiting Stake In Russian Oil And Gas Company Rosneft
Rosneft accounts for around half of BP's oil and gas reserves and a third of its production and divesting the 19.75 per cent stake will result in charges of up to $25 billion, the British company said, without saying how it plans to extricate itself
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India To Double Down On Oil, Gas Exploration: Hardeep Singh Puri
India currently relies on imports to meet 85 per cent of its oil needs and 50 per cent of the natural gas requirement. This is because domestic production is inadequate
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Oil Production Slips In December; Natural Gas On Rise
State-owned Oil and Natural Gas Corporation (ONGC) - India's biggest producer, produced 3 per cent less crude oil at 1.65 million tonnes in December due to delays in mobilising equipment at western offshore fields. Oil India Ltd (OIL) produced 5.4 per cent more crude oil at 2,54,360 tonnes
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Oil India Exits US Shale Venture, Sells 20% Stake For $25 Mn
OIL and Indian Oil Corporation (IOC) had together in October 2012 bought a 30 per cent stake in Houston-based Carrizo Oil & Gas's Niobrara shale asset in Colorado for $82.5 million.
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Gail's Marketing Director Arrested By CBI In Bribery Case
The CBI had unearthed the alleged bribery scam involving E S Ranganathan, Director (Marketing) of GAIL, middlemen, and businessmen and arrested five individuals on Saturday
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Balancing Energy Transition With Security
With the last-minute change in a crucial clause at the COP26 Climate Summit in Glasgow, India has set the tone for a new balance that it aims to establish in the energy sector to tackle climate change.
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