Oil Refinery

In a strategic move to boost offshore energy exploration and operational efficiency, Oil and Natural Gas Corporation Ltd (ONGC) and Reliance Industries Ltd have signed an agreement to share resources such as supply vessels used in finding and producing oil and gas. The two firms signed an MoU for resource-sharing collaboration on the sidelines of India Energy Week (IEW), ONGC Director (Production) Pankaj Kumar said. The pact aims to enhance operational efficiency, enable faster execution of offshore projects, and create stronger synergies between India's largest oil and gas producer and the nation's biggest and most valuable company who have adjacent fields and operations particularly off the east coast, he said. It seeks to explore opportunities to jointly utilise resources, infrastructure, and technical capabilities across offshore energy activities so as to reduce duplication of efforts, optimise capital deployment, and support timely development of offshore assets, which are ...

In a sign of the overall trend, Russia's oil exports recently fell to the lowest since August, as Moscow faced mounting difficulties in delivering barrels to key buyer India

State-owned Engineers India Ltd (EIL) has secured a contract worth over USD 350 million to act as Project Management Consultant (PMC) and EPCM Consultant for the expansion of the Dangote Refinery and Petrochemical Complex in Nigeria, reinforcing its role in one of the world's largest energy projects. EIL was the engineering, procurement and construction management (EPCM) consultant for Dangote Group when it first built an oil refinery. Now the firm has been re-hired for the expansion, the state-owned firm said in a statement. The Dangote Group, Nigeria's leading multinational conglomerate headquartered in Lagos, plans to expand the refinery's capacity from 650,000 barrels per day to 1.4 million barrels per day under Train 2, with production of Euro VI-grade fuels. The expansion will also scale up polypropylene capacity from 830 kilo tonnes per annum (kTPA) to 2.4 million metric tonnes per annum (MMTPA) through revamping of the existing polypropylene unit and installation of an ...

India seeks weekly data on Russian and US oil buys as crude imports from Moscow may fall below 1 million bpd amid sensitive trade talks with Washington

State-run BPCL is setting up a greenfield refinery and petrochemicals project near Ramayapatnam port in Nellore district to meet rising domestic demand and boost petrochemical exports

The private refiner will delay planned works and the closure of its 400,000 barrels-a-day complex from February until April 2026, according to people familiar with the matter

The section has also been connected to Numaligarh Refinery, which enables it to access natural gas through the grid, PNGRB said

Indian refiners will also issue some spot tenders for purchase of US LPG for deliveries early next year, the sources said. Details are not yet available

Saudi benchmark contract prices (CPs) for November for propane and butane, blended to make LPG, dropped to their lowest since August 2023 - $475 and $460 a tonne

Chairman Vikas Kaushal said on Tuesday HPCL had closed its gasoline-producing continuous catalytic reformer during the processing of contaminated oil that it had sourced from Hindustan Oil Exploration

Ukraine has stepped up its attacks on Russia's energy infrastructure as peace talks mediated by US President Donald Trump have not progressed

The state refiners have already informed their traditional suppliers of LPG in Saudi Arabia, United Arab Emirates, Kuwait and Qatar about the likely cut in LPG purchases

US President Donald Trump on Wednesday said Prime Minister Narendra Modi had assured that India will stop buying oil from Russia

The announcement was made during Mongolian President Khurelsukh Ukhnaa's visit to India

New Delhi to back border training, refinery project as both nations mark 70 years of ties

During the last month, while the state-run refiners were cutting their reliance on Russian crude, private players were stepping up procurement

China's oil refiners need to stop producing so much transport fuel because the energy transition means the demand is no longer there

The privately-owned company halted exports for about two weeks after it was sanctioned by the European Union on July 18 for dealing in Russian oil

The oil ministry is considering a scheme to compensate upstream companies for higher costs after GST on E&P services rose to 18 per cent, raising concerns of stranded taxes

Megha Engineering & Infrastructures Ltd won the mandate to build and operate a 2.5 million metric tonne strategic petroleum reserves at Padur, Karnataka