Page 20 - Oil And Gas

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.

Oil prices slip as rising coronavirus infections spark demand concerns

Brent crude was down 17 cents

Oil climbs to four-week high on strong China data, demand revival

Brent crude futures rose 30 cents

Oil prices register one-month highs as IEA and OPEC raise forecasts

Global oil demand and supply are set to be rebalanced in the second half of this year

Oil maintains upward momentum despite fresh coronavirus fears

The dollar hit three-week lows on Wednesday, making crude cheaper for countries using other currencies.

State-owned ONGC seeks buyers for KG gas, wants minimum $6.6 price

ONGC on Monday invited bids for the sale of initial 2 million standard cubic meters per day of gas from its KG basin fields

Oil and gas production continues to elude discovered small fields

Officials from many new entrants to India's upstream oil and gas exploration sector point fingers towards delays in clearances and faulty data