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ONGC Signs Mega Pact With Indian Oil Corporation For Petrochemicals
India's top oil and natural gas producer ONGC has signed a mega pact with the nation's largest oil refining and fuel marketing company Indian Oil Corporation (IOC) for exploring opportunities in the petrochemicals business.
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CNG, PNG To Cost Less As India Tweaks Natural Gas Pricing Mechanism
Natural gas produced from legacy old fields, known as APM gas, will now be linked to crude oil price instead of gas prices in surplus nations such as the US, Canada and Russia, Union Minister Anurag Thakur said.
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India To See $58 Billion Investment In Producing Oil, Gas; Chevron, Exxon Keen To Invest: Minister
India, the world's third biggest oil-consuming and importing nation, is looking to raise domestic output to help cut down reliance on costly imports.
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Oil Surges Close To $100 As West Prepares Sanctions Against Russia
Oil prices surged close to $100 per barrel Tuesday as major crude producer Russia prepared to send troops into two breakaway regions of Ukraine, sparking Western nations to ready economic sanctions against Moscow.
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"Oil Producing Nations Cannot Hold Consumers To Ransom": Hardeep Singh Puri
India, the world's third-biggest oil importer and consumer, imports about 85 per cent of its oil needs and has been hit hard by rising oil prices
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World's Newest Oil Producer Sends First Cargo Of Crude To India
The first cargo from new oil producer Guyana to the world's third-largest crude importer, India, departed this month from a production facility off the South American nation's coast in a vessel chartered by trading firm Trafigura, data from Refinitiv Eikon showed on Tuesday.
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Dharmendra Pradhan Dedicates Bengal's First Oil And Gas Reserve To Nation
West Bengal found a place in the oil map of India as Union Minister Dharmendra Pradhan on Sunday dedicated an oil and gas producing field in North 24 Parganas district to the nation.
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Trump To Add China Chipmaker, Oil Company To Defence Blacklist: Report
The Trump administration is poised to add China's top chipmaker SMIC and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies, according to a document and sources, curbing their access to US investors and escalating tensions with Beijing weeks before President-elect Joe Biden takes office.
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Trump to Add Chinese Chipmaker SMIC to Defense Blacklist: Sources
The Trump administration could add China's top chipmaker SMIC and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies, according to a document and sources, curbing their access to US investors. This could escalate tensions between US and China weeks before President-elect Joe Biden takes office.
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10 Days On, Assam Oil Well Still Leaking Gas; Biodiversity At Risk
The natural-gas producing well of the Oil India Limited (OIL) in upper Assam's Tinsukia district continues to spew gas even 10 after the incident, causing grave damage to the region's wetlands and biodiversity. Images shared by locals on social media show gas condensate depositing in the Maguri beel wetland, dead carcasses of endangered Gangetic do...
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Davos Diplomacy Likely Between India, Malaysia To Defuse Palm Row
India has repeatedly objected to Malaysian Prime Minister Mahathir Mohamad speaking out against its recent policies which critics say discriminate against Muslims. Malaysia, a Muslim-majority nation, is the second biggest producer and exporter of palm oil and India's restrictions on the refined variety of the commodity imposed last week have been s...
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Fossil Fuel Production From India To US To Blow Past Climate Goals: UN
The world's major fossil fuel producers are set to bust global environmental goals with excessive coal, oil and gas extraction in the next decade, the United Nations and research groups said on Wednesday in the latest warning over climate crisis.
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US Agrees To India, 7 Nations Buying Iran Oil Despite Sanctions: Report
The U.S. has agreed to let eight countries -- including Japan, India and South Korea -- keep buying Iranian oil after it reimposes sanctions on the OPEC producer on Nov. 5, a senior administration official said. While the Trump administration's goal remains to choke off revenue to Iran's economy, waivers are being granted in exchange for continued ...
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PM's Appeal To Oil-Producing Nations Gets A Negative From Saudi Minister
With petrol and diesel prices continuing to rise, Prime Minister Narendra Modi on Monday appealed to top oil producers, including Saudi Arabia's energy minister, to help nations like India bridge what he called a "resource crunch". At the third annual brainstorming session with chief executives of top global and Indian oil and gas companies, PM Mod...
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"Oil Producers Don't Want To Miss India's Bus": Dharmendra Pradhan
India is in talks with some UAE-based companies to jointly bid for oil blocks in the UAE, oil minister Dharmendra Pradhan said today. "We are in talks that India could bid in the next licensing round of UAE with some Middle Eastern nation companies like Mubadala," Mr Pradhan said
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ONGC Signs Mega Pact With Indian Oil Corporation For Petrochemicals
India's top oil and natural gas producer ONGC has signed a mega pact with the nation's largest oil refining and fuel marketing company Indian Oil Corporation (IOC) for exploring opportunities in the petrochemicals business.
-
CNG, PNG To Cost Less As India Tweaks Natural Gas Pricing Mechanism
Natural gas produced from legacy old fields, known as APM gas, will now be linked to crude oil price instead of gas prices in surplus nations such as the US, Canada and Russia, Union Minister Anurag Thakur said.
-
India To See $58 Billion Investment In Producing Oil, Gas; Chevron, Exxon Keen To Invest: Minister
India, the world's third biggest oil-consuming and importing nation, is looking to raise domestic output to help cut down reliance on costly imports.
-
Oil Surges Close To $100 As West Prepares Sanctions Against Russia
Oil prices surged close to $100 per barrel Tuesday as major crude producer Russia prepared to send troops into two breakaway regions of Ukraine, sparking Western nations to ready economic sanctions against Moscow.
-
"Oil Producing Nations Cannot Hold Consumers To Ransom": Hardeep Singh Puri
India, the world's third-biggest oil importer and consumer, imports about 85 per cent of its oil needs and has been hit hard by rising oil prices
-
World's Newest Oil Producer Sends First Cargo Of Crude To India
The first cargo from new oil producer Guyana to the world's third-largest crude importer, India, departed this month from a production facility off the South American nation's coast in a vessel chartered by trading firm Trafigura, data from Refinitiv Eikon showed on Tuesday.
-
Dharmendra Pradhan Dedicates Bengal's First Oil And Gas Reserve To Nation
West Bengal found a place in the oil map of India as Union Minister Dharmendra Pradhan on Sunday dedicated an oil and gas producing field in North 24 Parganas district to the nation.
-
Trump To Add China Chipmaker, Oil Company To Defence Blacklist: Report
The Trump administration is poised to add China's top chipmaker SMIC and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies, according to a document and sources, curbing their access to US investors and escalating tensions with Beijing weeks before President-elect Joe Biden takes office.
-
Trump to Add Chinese Chipmaker SMIC to Defense Blacklist: Sources
The Trump administration could add China's top chipmaker SMIC and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies, according to a document and sources, curbing their access to US investors. This could escalate tensions between US and China weeks before President-elect Joe Biden takes office.
-
10 Days On, Assam Oil Well Still Leaking Gas; Biodiversity At Risk
The natural-gas producing well of the Oil India Limited (OIL) in upper Assam's Tinsukia district continues to spew gas even 10 after the incident, causing grave damage to the region's wetlands and biodiversity. Images shared by locals on social media show gas condensate depositing in the Maguri beel wetland, dead carcasses of endangered Gangetic do...
-
Davos Diplomacy Likely Between India, Malaysia To Defuse Palm Row
India has repeatedly objected to Malaysian Prime Minister Mahathir Mohamad speaking out against its recent policies which critics say discriminate against Muslims. Malaysia, a Muslim-majority nation, is the second biggest producer and exporter of palm oil and India's restrictions on the refined variety of the commodity imposed last week have been s...
-
Fossil Fuel Production From India To US To Blow Past Climate Goals: UN
The world's major fossil fuel producers are set to bust global environmental goals with excessive coal, oil and gas extraction in the next decade, the United Nations and research groups said on Wednesday in the latest warning over climate crisis.
-
US Agrees To India, 7 Nations Buying Iran Oil Despite Sanctions: Report
The U.S. has agreed to let eight countries -- including Japan, India and South Korea -- keep buying Iranian oil after it reimposes sanctions on the OPEC producer on Nov. 5, a senior administration official said. While the Trump administration's goal remains to choke off revenue to Iran's economy, waivers are being granted in exchange for continued ...
-
PM's Appeal To Oil-Producing Nations Gets A Negative From Saudi Minister
With petrol and diesel prices continuing to rise, Prime Minister Narendra Modi on Monday appealed to top oil producers, including Saudi Arabia's energy minister, to help nations like India bridge what he called a "resource crunch". At the third annual brainstorming session with chief executives of top global and Indian oil and gas companies, PM Mod...
-
"Oil Producers Don't Want To Miss India's Bus": Dharmendra Pradhan
India is in talks with some UAE-based companies to jointly bid for oil blocks in the UAE, oil minister Dharmendra Pradhan said today. "We are in talks that India could bid in the next licensing round of UAE with some Middle Eastern nation companies like Mubadala," Mr Pradhan said
