Category: Oil & Gas

Hyderabad: Through a screenshot posted on his Twitter handle, @fsc131y, the French researcher popularly known as Elliot Anderson claimed that data of over 6.7 million dealers and distributors associated with Indane, an LPG brand owned by IOC, was displayed on the website. As the news spread, IOC was quick to issue a statement. In a […]

Mumbai: Stare-run oil companies and Saudi Aramco have teamed up to build the USD 44 billion refinery, which is aimed at giving India steady fuel supplies while meeting Saudi Arabia’s need to secure regular buyers for its oil. But thousands of farmers are refusing to surrender land, fearing it could damage a region famed for […]

Hyderabad: The Expert Appraisal Committee under the Environment Ministry has given “green signal” to Indian Oil Corporation Ltd for setting up a grass root petroleum storage and distribution terminal in Telangana. According to the minutes of the meeting held recently, the proposal involves setting up petroleum storage and distribution terminal comprising 28 tanks with combined […]

New Delhi: Shares of Oil and Natural Gas Corporation (ONGC) rose by over 2 per cent on Friday after the company reported a 65 per cent jump in its third quarter net profit. The company’s shares gained 2.27 per cent to close at Rs 135.10 on BSE. It jumped 6.58 per cent to Rs 140.80.

Singapore: Oil prices rose on Wednesday as producer club OPEC said it had cut supply deeply in January and as U.S. sanctions hit Venezuela’s oil exports. U.S. West Texas Intermediate (WTI) crude oil futures were at USD 53.52 per barrel at 0752 GMT, up 42 cents, or 0.8 percent, from their last close. U.S. prices […]

Singapore: Oil prices rose on Tuesday amid OPEC-led supply cuts and US sanctions against Iran and Venezuela, although analysts expect surging US production and concerns over economic growth to keep markets in check.

Greater Noida: Betting big on rising oil demand in the world’s third largest energy consumer, oil-rich UAE Monday said it is looking at investing more in refining and petrochemical projects as well as stocking more crude in India.

Greater Noida: With volatile oil prices in the past playing havoc on economies of importing nations like India, Prime Minister Narendra Modi Monday made a strong case for a responsible pricing of crude oil that balances interests of both producers and consumers, saying people must have universal assess to clean, affordable and equitable supply of […]

Greater Noida: Battling crippling US sanctions, Venezuela on Monday said it wants to sell more crude oil to India as it looked at the world’s third-biggest oil consumer to boost revenues.

New Delhi: An investment of about Rs 50,000 crore is expected in setting up of CNG stations and pipelines to take cooking gas to households in 50 towns and cities that were bid out for city gas licence in the 10th round, oil regulator PNGRB said.

New Delhi: GAIL India Ltd, the nation’s biggest gas utility, on Tuesday reported a 33 per cent jump in December quarter net profit as it sold more natural gas and transported higher volumes.

KOCHI: Ernakulam district collector Muhammad Y Safirulla convened a meeting of stakeholders on Monday to clear the apprehensions of local residents over the proposed Indian Oil Corporation’s LPG storage terminal at Puthuvype during which he said that construction of the plant would begin soon.