Oil & Gas articles

HPCL starts selling lubricants in Myanmar

State-owned Hindustan Petroleum Corporation Ltd (HPCL) has started selling lubricants in Myanmar as part of broader plans of Indian retailers to play a bigger role in the south-east Asian nation’s oil and gas sector. “Having achieved the number one position in the domestic market, HP Lubricants sought to prove itself in foreign shore by venturing

Record U.S. oil exports set to surge further – Mercuria

Already record U.S. oil exports are set to surge further in the coming month as stored oil in one of the world’s last areas of excess stockpiles pours into global markets, the chief executive of trading house Mercuria, Marco Dunand, said. The U.S. shale oil revolution upended global energy markets, and in late September the

IOC drops Chennai Petroleum merger plan

State-owned Indian Oil Corporation (IOC) has dropped plans to merge its subsidiary Chennai Petroleum Corp Ltd (CPCL) with itself, a top company official said. IOC holds 51.89 per cent stake in CPCL and had planned to merge the company with itself like it had done with another subsidiary, Bongaigaon Refinery and Petrochemicals Ltd (BRPL), more

India forms international Oil & Gas think-tank to advice on issues

In a bid to accelerate its policy reforms in the key focus areas of the oil and gas sector, the government has formed an International Oil and Gas think-tank which will advice the government on issues related to pricing, gas infrastructure, better financial models for exploration and extraction of hydrocarbons and reducing import dependency. Oil

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