Page 23 - Oil And Gas

Oil and gas giant ONGC to scale up KG basin gas output this year

The firm said it will scale up natural gas production from a KG basin block to 2.5-3 million standard cubic meters per day by May this year

ONGC Q3 standalone profit slumps 67%; declares 35% dividend

The record date for distribution of dividend has been fixed for February 20, 2021

Energy giant Shell to speed up emissions cuts, says oil output peaked

The firm said it plans to eliminate seven refineries and reduce production of gasoline and diesel fuel by 55 per cent over the next decade

BPCL third quarter net profit more than doubles on inventory gains

Bharat Petroleum Corporation Ltd (BPCL) on Tuesday reported more than doubling of its net profit for the December quarter

Reliance gets world's first 'carbon-neutral' oil from United States

Billionaire Mukesh Ambani's Reliance Industries Ltd has sourced the world's first consignment of 'carbon-neutral oil' from the US

Govt eliminates subsidy on kerosene through small price hikes

The fuel sold through the public distribution system (PDS) is now priced at market rates.

Indian Oil may form subsidiary for retail assets to unlock value

IOC operates a pipeline network of 14,600 kilometres

IOC to monetise pipeline assets, says many investors interested

The firm is likely to sell stakes in one or two of its vast network of crude oil and petroleum product pipelines in the country, its Director (Finance) Sandeep Kumar Gupta said

Indian Oil Corporation profit doubles in Q3 on inventory gains

Rising oil prices yielded inventory gains and a rise in petrochemical margins

Oil and gas companies seek pandemic relief in the upcoming Budget

The Centre had considered tax sops for exploration and production operators in May 2020

Joe Biden to announce moratorium on oil and gas sales on public lands

Two people with knowledge of Biden's plans outlined the proposed moratorium, which will be announced Wednesday.

Oil and gas sector leads profit pool, says Motilal Oswal report

The oil and gas sector has emerged as one of the largest contributor to the overall profit or dividend pool, said Motilal Oswal Financial Services in a report

Oil declines 2% as China coronavirus cases trigger clampdowns

The market is awaiting official oil inventory data from the U.S. Energy Information Administration (EIA) on Friday

Attractive LNG prices to boost India's plan on gas-based economy

India's efforts to build a gas based economy is set to get a boost from the falling spot LNG prices

Govt expects global oil majors will join race for $6.5-bn BPCL sale

India seeks to boost spending to help Asia's third-biggest economy shake-off the pandemic-fueled downturn

Budget 2021-22 wishlist: Here are the key challenges in oil & gas sector

Low gas price cycles are posing challenges to new upstream gas projects in deep-water fields

Saudi Arabia's Crown Prince plans car-free city for future beyond oil

A news release described The Line as a walkable "belt of hyper-connected future communities, without cars and roads and built around nature."

Strong recovery in oil and gas volumes likely in fiscal 2022: Icra

The domestic demand for petroleum products is expected to increase at a healthy rate of 8 to 10 per cent in FY22 on a year-on-year basis, ratings agency Icra said

Fuel price rise paused after taking petrol rates to record high level

A day after taking petrol prices to all-time high levels in Delhi, oil marketing companies decided to keep fuel prices unchanged on Friday

Petrol price soars past Rs 84 a litre in Delhi, an all-time high

In Mumbai, petrol was sold at Rs 90.83 a litre and diesel for Rs 81.07 a litre.