Page 20 - Oil And Gas

India loses ONGC-discovered Farzad-B gas field in Iran

The field holds 23 trillion cubic feet of in-place gas reserves, of which about 60 per cent is recoverable.

Top headlines: Airtel back in black in Q4; India loses gas field in Iran

Business Standard brings you the top headlines this evening

Colonial Pipeline paid hackers $5 million in ransom, says official

The company paid the hefty ransom in difficult-to-trace cryptocurrency within hours after the attack

Colonial Pipeline ramps up as US seeks to emerge from fuel crunch

Colonial Pipeline announced late Thursday it had restarted its entire pipeline system linking refineries on the Gulf Coast to markets along the eastern seaboard.

O2C, Indian Oil Corp bag supplies in intense bidding for KG-D6 gas

RIL and its partner BP of the UK had offered 5.5 million standard cubic meters per day of additional gas in the auction for a flexible tenure of 3-5 years

Fuel shortages worsen on sixth day of top US fuel pipeline outage

A ransomware attack on the Colonial Pipeline last week halted 2.5 million barrels per day of fuel shipments

Once a prized asset, is oil giant ONGC nearing the end of the road?

The oil it drills is expensive, the company does not have a clear road map for the future despite its Energy Strategy 2040

Lenders seek fresh bids for JBF Petrochem after firm fails to get offers

The firm, a step-down subsidiary of JBF Industries, owes some Rs 5,000 cr to the lenders; search is on to find a buyer for its stalled Karnataka project

United States' biggest gasoline pipeline halted after cyber-attack

Pipelines are a growing concern because they play a central role in so many parts of the US economy

Saudi Arabia cuts oil prices for Asia as virus hits India demand

Brent crude has climbed almost 35% this year

Saudi Aramco's first-quarter profits up by 30% amid higher crude oil prices

Aramco is more than 98 per cent owned by the Saudi government

Exxon posts $2.7 billion quarterly profit after unprecedented year

This comes after a tumultuous year led to major spending reductions.

Oil prices increase, bullish demand outlook offsets India concerns

Oil prices increase, bullish demand outlook offsets India concerns

Reliance, Saudi Aramco discuss cash and share stake deal: Report

Reliance is reported to have held talks with Saudi Aramco on a cash and share deal for sale of a 20 per cent stake in its oil refining and petrochemical arm

OPEC+ to meet Tuesday amid concern about rising coronavirus cases

OPEC is responsible for over a third of global production

Oil up, but gains limited amid demand concerns as India reels from Covid

Brent crude was up 40 cents, or 0.6%, at $66.05 a barrel by 0658 GMT

Oil marketing companies keep fuel prices unchanged for tenth straight day

Petrol and diesel prices were unchanged across the four metros

Brace for increase in petrol, diesel prices post assembly elections

Oil companies looking to raise the retail price of the two auto fuels between Rs 2 and Rs 3 per litre in phases

India's crude oil output drops 5%, gas production falls 8%: Govt data

Private and public sector firms produced less

Oil hits $68 on Libya force majeure, although pandemic surge weighs

U.S. crude stockpiles are expected to drop by 2.9 million barrels in weekly reports.