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Latest Articles in oil and gas

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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Steps Taken For Capacity Expansion Of Digboi Refinery; Assam CM Thanks PM Modi

In a letter to the chief minister, Puri said Indian Oil has already initiated action for expansion of its Digboi refinery from 0.65 million metric tonnes per annum to 1 MMTPA.

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Central Exchequer Collected Rs 4,55,069 Cr As Taxes On Petrol And Diesel In 2020-21

The Central Exchequer collection saw an increase of 36.11% compared to the previous fiscal.

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The Essence Of India-Russia Bilateral Relations Is Not Only Defence; It Is The Energy Security And Beyond

To define the essence of India Russia bilateral relations in narrow boundary of defence is the simplistic old school narrative. A closer look will reveal the unfolding of many other dimensions of economic cooperation. It is in the critical areas of energy-security and beyond. India has already made its biggest energy investments in Russia in the past where Russian and Indian companies have been pushing for greater cooperation in the oil and gas sector beyond the $32 billion invested in joint projects,

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PM Stresses On Oil And Gas Exploration, Invites Global CEOs

In his annual interaction with CEOs and experts of global oil and gas sector, he said the aim is to make India 'aatmanirbhar' or self-reliant in the oil and gas sector.

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Future Of Energy

The volatility around the price of oil and gas, and coal, is a result of uncertainty around the future of fossil fuels as a part of our lives in the future to come.

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Cyient to acquire Australia's IG Partners, strengthen capabilities in energy and mining sectors

Cyient to acquire Australia's IG Partners, strengthen capabilities in energy and mining sectors

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IOC Nears First Deal To Export Fuel To Bangladesh

Indian Oil Corp placed premiums to Middle East quotes of $2.60 a barrel for diesel and $4.48 for gasoline 95

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