The oil industry is doing a better job of hiring women. Keeping them remains the challenge, says ConocoPhillips CEO Ryan Lance.
Oil-to-telecom conglomerate Reliance Industries Ltd (RIL) on Friday reported a 25.1 per cent rise in net profit for the October-December 2017 quarter with higher profitability in petrochemicals and its telecom venture Jio reporting its first profit of Rs 5.04 billion.
Oil prices fell on Friday on a bounce-back in US production, but ongoing declines in crude inventories curbed losses in the market.
The rise in Indian basket of imported crude oils pushed the petrol price in the national capital to Rs 71.56 a litre on Thursday, its highest level in over three years.
The gamechanger during the current round of open acreage licensing (OAL) hydrocarbon auction will be unified licensing, through which companies can explore shale and coal-bed methane too in the blocks, said Atanu Chakraborty, Director General of Hydrocarbons (DGH), on Thursday.
Cairn India, now Vedanta, on Thursday told the Delhi High Court that proceedings regarding over Rs 200 billion (Rs 20,000 crore) tax demand for non-payment of withholding tax on capital gains in 2006 by its former parent Cairn UK, need not continue as the authorities have taken action against the foreign entity.
There is a huge opportunity for the US to export LNG to India and China in the next five years as they push to replace coal, the head of the International Energy Agency has said as he highlighted the growing importance of the two nations in the energy market.
As the NDA government enters the last year of its current tenure, India’s oil and gas sector will be seeing new policies fructifying on the ground. Development activity under the discovered small field (DSF) auction round would now pick up and sign first contracts under the open acreage licensing policy (OPAL) by May.
India will begin the auction of 55 oil and gas exploration blocks from Thursday under new rules, the country’s first licensing round after eight years, as it seeks to unlock its vast hydrocarbon resources, the upstream regulator said.
In an effort to move towards better fuel efficiency norms, the Bureau of Indian Standards (BIS) has revised the Indian standards on petrol and diesel as per BS-VI fuel norms.