Page 16 - Oil And Gas

ONGC evaluating stake buy in Russia's Vostok Oil project: OVL MD

Vostok is one of Russia's biggest oil projects

Domestic LPG price hiked again by Rs 25 a cylinder

This is the third consecutive hike in domestic cooking gas prices

Oil prices jump as storm approaches Gulf of Mexico production hub

For the week, Brent is on track for a rise of 11%, its biggest weekly jump since June 2020. WTI is headed for a weekly gain of more than 10%, also the strongest since June 2020.

IOC to invest Rs 1 trillion to expand refining capacity: Chairman

To raise its refining capacity by almost a third in the next 4-5 years

Adani Total Gas buys 50% stake in gas meter manufacturing firm

Adani Total Gas retails CNG to automobiles and piped natural gas to household kitchens and industries.

Saudi Aramco aims to raise at least $17 billion from gas pipeline: Report

The deal size may include $3.5 billion of equity and the remainder will be funded by bank debt, one source said, while another source said the transact .

India and Russia discuss expanding cooperation in energy sector

India and Russia on Friday discussed expanding cooperation in the energy sector as New Delhi looks at newer sources of oil and natural gas to diversify its import basket. Oil Minister Hardeep Singh Puri held a video interaction with Russian Energy Minister Nikolay Shulginov on furthering energy cooperation between the two nations, the Indian minister tweeted. India's cumulative investment in oil and gas projects in Russia exceeds USD 15 billion. It is the single largest destination of Indian overseas investment in the oil and gas sector. Russian oil giant Rosneft and its partner in 2017 bought Essar Oil, renamed Nayara Energy, for USD 12.9 billion. "Had an engaging video interaction with HE Mr Nikolay Shulginov, Minister of Energy of the Russian Federation @MinenergoGov. Discussed ways to further expand bilateral energy cooperation, a key pillar of bilateral Special & Privileged Strategic partnership," Puri tweeted. Russia, he said, is the largest investor in India's energy sector

$300-400 million investment expected in latest oil, gas bid round

India is 85 per cent dependent on imports to meet its oil needs

Oil prices drop towards $70 as Covid pandemic concerns weigh

Brent crude oil futures dropped by 38 cents

Petrol, diesel prices unchanged; here are the prices in your city today

In New Delhi, petrol is selling at Rs 101.84 per litre. In Mumbai, the price stands at Rs 107.83

Exxon posts highest profit in more than a year as demand recovers

Rebounding demand for oil, gas and chemicals helped

IOC Q1 net jumps over three-fold to Rs 5,941 cr on refining margin boost

India's largest oil refiner earned $6.58 on turning every barrel of crude oil into fuel in the quarter as opposed to GRM of a minimum $1.98 a barrel a year back

Year after Baghjan blowout, oil and gas operations in India much safer

The safety measures have been recommended by a three-member committee of the ministry of petroleum and natural gas

Big Oil shows confidence that the era of large profits is back

BP Plc and Equinor ASA have already made incremental dividend increases and announced more modest buyback plans

India in talks with Russia for $2-3 bn investment in upstream oil assets

Tie-ups in Arctic projects also being evaluated

Oil surges 4% amid better risk appetite despite weak demand outlook

Brent crude futures had gained $2.53, or 3.65 per cent, to $71.88 a barrel by 18.41 pm IST

Oil holds near eight-week low after selloff on delta variant concern

Signs of delta's continued impact on energy abound.

Oil prices resume drop as Covid pandemic and supply concerns weigh

The Delta coronavirus variant is now the dominant strain worldwide, U.S. officials said on Friday.

Results preview: Retail hit to offset RIL's crude price gains, say analysts

RIL's board is scheduled to consider and approve the unaudited financial results for Q1 on Friday.

ONGC's existential problem: India's exploration conglomerate running empty

India's dependence on imported oil and gas is rising steadily but the country's premier exploration conglomerate is running on empty