Page 6 - Oil Companies

India advises against sales of oil reserves at Adipec conference

The world's biggest oil and gas companies and many OPEC+ energy ministers are in Abu Dhabi this week for Adipec

Shell ditches 'Dutch', to shift HQ to UK amid calls for carbon cuts

The changes come as Shell is battling activist investor Dan Loeb, who's demanding the company split itself into two to attract shareholders leaving the energy sector

Russia gets partial win in $50 billion case over bankrupt oil giant

The Dutch Supreme Court on Friday handed Russia at least a temporary victory in an appeal of what's believed to be the world's largest award in an arbitration case

PSU oil companies yet to recover about Rs 4,000 cr from PMUY beneficiaries

Companies may end up booking this amount as a loss or a customer acquisition cost

Sensex ends 446 pts higher, Nifty tops 17,800; RIL hits record high, up 2%

Stock market LIVE: On the sectoral front, barring Nifty Realty, Pharma, PSU Bank, all indices trade in the green

ONGC's second oil rig to be operational at Kalol by mid-September

The Oil and Natural Gas Corporation (ONGC) will have it's second oil rig operational within twenty days, according to the company

Global oil majors may be joining race to acquire BPCL: Report

Industry sources said it was possible that one of the global oil majors or a Middle East oil producer may be teaming up with the investment funds already in race

Indian Oil Corp to deploy drones to check fuel thefts from pipelines

Indian Oil Corp (IOC) is deploying drones to monitor its vast network of pipelines across the country as it doubles down on the use of technology to thwart attempts to steal fuel

BHP, world's largest miner, in talks to sell multibillion oil, gas assets

Group in talks to sell global oil, gas business to Australia's Woodside after shedding some of its coal assets.

Oil companies now have 1,607 door-to-door fuel pumps: Petroleum Ministry

Till now door step delivery of fuel has been restricted to diesel because it is considered less volatile and hence safer than petrol

India's natural gas production jumps 19.5% in June on back of KG-D6

India's natural gas production jumped 19.5 per cent in June, as Reliance Industries Ltd and its partner BP Plc ramped up output from their eastern offshore KG-D6 block

New fuel retail outlets may rely on public sector OMCs to build networks

These companies are banking on rising fuel demand predicated on growing vehicle ownership and rising mobility

DGH overhauls oilfield approval processes, cuts down statutory approvals

GH has made it easier for firms to explore and produce oil and gas in the country by limiting the requirement of statutory approvals to only extension of contracts

Getting a breather: High commodity costs give debt relief to PSUs

Combined net debt stood at Rs 6.83 trillion at the end of March 2021

Oil firms as demand hopes outweigh rise of COVID-19 variant

Brent crude futures were up 50 cents, or 0.7%, at $75.18 a barrel by 1400 GMT, having slumped by 2% on Monday.

OVL on an oil slick, struggles with geopolitical and domestic challenges

Covid-19 has added to these issues. It has not only impacted the demand for fuel but also made the acquisition process slower.

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

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

RIL's oil-to-chemicals business recovers but second wave a challenge

The company's oil and gas production is hinging on output at its satellite fields. It is minuscule compared to its big-bang entry into this segment in the late 1990s

Major Chinese investors in talks to buy stake in Saudi's oil firm Aramco

Saudi Arabia's state oil firm Aramco prepares to sell a slice of its business to international investors

Next leg of Ujjwala scheme to focus on affordability of LPG: Oil ministry

Oil companies wait to recover around Rs 4,500 cr from existing PMUY beneficiaries