Page 21 - Oil And Gas

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

Oil prices climb on favourable outlook for United States fuel demand

Oil prices climb on favourable outlook for United States fuel demand

Saudi Aramco agrees $12.4 billion deal to sell stake in pipelines

Consortium of investors led by US-based group buys 49% stake in newly formed venture

Gas producers continue to bleed as govt-dictated prices remain low: Icra

Natural gas production remains a loss-making proposition for most fields for the Indian upstream producers

99.99% RIL shareholders cast votes in favour of O2C biz demerger

The demerger scheme provides for transfer of O2C Undertaking from RIL to transferee firm on a slump-sale basis for a lumpsum consideration

Reliance gets shareholders nod for hiving off O2C into separate unit

The firm said it has secured approval of its shareholders and creditors for hiving off its oil-to-chemical (O2C) business into a separate unit.

Subhash Kumar takes additional charge as ONGC CMD

Kumar is also the firm's director (finance) and has over 36 years of experience in diverse activities across the Exploration & Production value chain

Privatisation-bound BPCL acquires OQ's stake in Bina refinery

Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) on Wednesday said it has acquired partner OQ's entire stake in the Bina refinery project in Madhya Pradesh for Rs 2,400 crore.

Best of BS Opinion: Competition in e-tail, Covid-19 vaccine, and more

Here's a selection of Business Standard opinion pieces for the day

Explained: Why 'atmanirbharta' flows against oil security for India

Instead of relying on negligible domestic deposits, India should be securing steady supplies from abroad

Oil price falls 1% after container ship blocking Suez Canal refloats

Prices also dropped as fuel demand in Europe remained weak after countries renewed lockdowns to curb a new wave of coronavirus infections.

Fourteen US states sue Biden administration over oil and gas leasing pause

Fourteen US states including Louisiana and Wyoming filed lawsuits against President Joe Biden's administration, challenging his pause on new oil and gas leasing on federal lands and waters

Gas-fired stocks to charge ahead as demand for cleaner fuels rises: Experts

Rising availability and demand for cleaner fuels will aid growth

GAIL set to kick off asset monetisation in oil sector by end of 2021-22

InvIT to be floated by the end of next fiscal year

Reliance affiliate picks 3/4th of gas from own CBM block at $6 price

Reliance Industries Ltd has sold three-fourth of the gas from coal seams in Madhya Pradesh to an affiliate of the company at a price of just over USD 6 at current oil prices.