Page 4 - Oil Industry

What is fracking and what makes it controversial?

Soaring energy prices are spooking the markets and nudging countries into looking for more oil reserves. Fracking is one of the ways to extract gas and oil. What it is and why it is controversial?

A third of commodity-hungry companies have no deforestation policy: Report

Protecting the world's forests is central to efforts to limit man-made global warming by mid-century.

Oil prices slide as rapid Omicron spread dims fuel demand outlook

The oil and gas rig count, an early indicator of future output, rose by three to 579 in the week to December 17, representing its highest since April 2020

India offers eight oil and gas blocks for bidding in latest round

Eight blocks have been offered in the seventh bid round of Open Acreage Licensing Policy (OALP), with bids due on February 15, 2022, the Directorate General of Hydrocarbons (DGH) said

Oil hits multi-year high above $86 due to tight supply, then pulls back

Brent crude rose as high as $86.10, the highest since October 2018, but by 0815 GMT was down 79 cents, or 0.9%, to $85.03.

$86 bn of takeovers, but big oil's merger mania has an eye on its demise

Deal activity doesn't suggest an industry gearing up for a rally in demand.

Oil prices edge higher on inventory drawdowns, Brent tops $75 a barrel

Oil prices rose on Thursday as crude stockpiles in the United States, the world's top oil consumer, fell to their lowest since January 2020

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

India in talks with Russia for $2-3 bn investment in upstream oil assets

Tie-ups in Arctic projects also being evaluated

ONGC's existential problem: India's exploration conglomerate running empty

India's dependence on imported oil and gas is rising steadily but the country's premier exploration conglomerate is running on empty

Tata vs Reliance: A two-front battle -- renewable energy and retail

Their renewable energy and retail plans offer contrasting strategies; if they pan out, the consumer is the guaranteed winner

OPEC oil alliance in standoff between Saudi Arabia and UAE

The OPEC oil cartel led by Saudi Arabia and other allied producing countries resumed talks on Monday amid a standoff with the United Arab Emirates

Reliance Industries: Key financial ratios fall to three-decade low in FY21

On a consolidated basis, firm's RoCE declined to 7.8% in the fiscal

RIL reinvents, again

The scale of its green energy debut is stunning

Oil in dangerous waters

Data for the financial year 2020-21 revealed that domestic oil production fell again by 5% to 30.5 mn tonnes. This is the lowest in this century

Oil extends gains on OPEC+ supply discipline and demand prospects

NEW YORK (Reuters) - Oil rose more than 1% on Wednesday, supported by a decision by OPEC and its allies to stick to its plan to gradually restore supply, along with the slow pace of nuclear talks between Iran and the United States.

OPEC wins, the West loses

Judges, investors force oil firms towards low-carbon future

Next oil reserves plan by Sept, to see Rs 14K-crore investment: ISPRL

Request for proposal document awaiting Centre's nod

This time is different: Outside OPEC, oil firms aren't raising production

Oil industry is on the ropes, constrained by Wall Street investors demanding that companies focus on returning more money to shareholders.

India's oil industry struggles to predict demand recovery in pandemic

Diesel and gasoline, which account for more than half of oil consumption in India, are bearing the brunt of lockdowns.