Page 18 - Oil And Gas

Oil prices hit new high near $75 on demand rise, falling inventories

Brent has risen 44% this year

OVL-led consortium asks Iran for 30% share in Farzad B discovery

The company has written to the Iranian authority asking it to share the agreed technical proposal and contractual terms, and conditions for development

Oil trades at multi-year highs on demand expectations H2CY21 onwards

OPEC+ producers have been gradually relaxing record output curbs in recent months.

OPEC+ will need to boost output to meet 2022 demand recovery: IEA

The IEA shocked the energy industry with its "Net Zero by 2050" report on May 18

Oil prices dip, but head for third weekly rise on demand recovery

Brent crude futures edged down 4 cents, or 0.06%, to $72.48 a barrel at 0658 GMT

DSF Round 3 auctions: 32 contract areas comprising 75 discoveries on offer

Production at DSF-1 Elao field expected to start in a week

Reliance Industry says Jamnagar unit shut since June 6, may hit exports

The refinery is part of the world's biggest refining complex in the city of Jamnagar in Gujarat

Oil prices rebound after knock from United States driving season data

Brent crude oil futures were up 18 cents, or 0.25%, at $72.40 a barrel by 1024 GMT,

Production from blocks awarded in first round auctions expected in a week

Third round of discovered small field auctions begins

Government offers 32 areas in latest small oil, gas field auction

India is the world's third biggest oil importer and consumer

India's natural gas consumption starts to stage recovery in June

Gas consumption has returned to its normal level in the last week: Manoj Jain, chairman of GAIL (India)

GAIL's Q4 net jumps 28% to Rs 1,908 cr as petrochemical margins soar

Higher profitability was mainly due to improved performance of the petrochemical business as well as natural gas marketing and LPG segment

GAIL split plan scrapped, company to monetise pipelines instead

The company will monetise some of its pipelines by selling a minority stake through InvIT

Shell to accelerate emissions cuts after Dutch court ruling, says CEO

The oil and gas giant still expects to appeal the verdict and believes it has been unjustly singled out, Chief Executive Ben van Beurden said in a statement posted on LinkedIn.

Brent oil benchmark hits two-year high, WTI highest since 2018

Brent crude futures were up 32 cents, or 0.3%, at $72.42 a barrel at 0911 GMT

Oil prices extend losses on profit taking and a stronger US dollar

Brent crude was down 37 cents, or 0.5%, at $71.12 a barrel by 1335 GMT

Reliance Industries set for windfall gain from oil and gas vertical

According to Harsh Dole, vice-president of IIFL, the commercialisation of key gas discoveries of RIL are no less than a game changer

Oil extends gains on OPEC+ supply discipline and demand prospects

Brent rose 84 cents, or 1.2%, to $71.09 a barrel at 1011 GMT.

US President Biden suspends oil leases in Alaska's Arctic refuge

This reverses a drilling program approved by the Trump administration

IAS officers Avinash Joshi, Niraj Verma among 10 in fray for ONGC top job

ONGC is India's largest oil and gas producer