Category: Oil & Gas

MUMBAI: State-run refiners Indian Oil Corp. Ltd (IOCL), Bharat Petroleum Corp. Ltd (BPCL) and Hindustan Petroleum Corp. Ltd (HPCL) are hoping the US will extend a waiver on sanctions imposed on Iran to let them continue crude oil imports from the Middle East nation, said two officials at the oil marketing companies.

NEW DELHI: India’s ONGC Videsh Ltd (OVL), the overseas arm of state-owned Oil & Natural Gas Corp., will stay the course in Venezuela even as it awaits dividends overdue from the San Cristobal oil exploration project there, said a person aware of the Indian government’s strategy.

KOCHI: Petronet LNG Limited on Saturday said talks were being held with officials of two power plants in Kerala on using natural gas as feedstock in place of diesel and naphtha.

New Delhi: Finance minister Piyush Goyal on Friday hailed the government’s Pradhan Mantri Ujjwala Yojana, aimed at providing free cooking gas connections. Ujjwala is one of the government’s flagship pro-poor schemes and is considered the equivalent of the previous Congress-led UPA regime’s rural jobs scheme.

AHMEDABAD: US-based BioChem USA LLC has firmed up its plans to invest ₹3,000 crore in two different projects in Gujarat.

NEW DELHI: Markets regulator Sebi on Thursday exempted state-run Oil India from complying with buyback regulations with regard to its proposed 5.04 crore share purchase programme.

NEW DELHI: Domestic cooking gas (LPG) price was cut by ₹1.46 per cylinder Thursday, the third straight reduction in a month’s time due to tax impact on reduced market rate of the fuel.

Singapore: Oil prices rose for a third day on Thursday, pushed up by signs of lower imports into the United States as part of efforts by OPEC to tighten the market. US West Texas Intermediate (WTI) crude futures were at $54.58 per barrel at 0249 GMT, up 35 cents, or 0.7 percent, from their last […]

Bengaluru: Indian Oil Corp Ltd (IOC) reported nearly 91% slump in quarterly profit on Wednesday, as a plunge in global crude prices took a toll on margins of oil refiners and marketing companies.

NEW DELHI: Indian Oil Corp, the country’s top refiner, is looking for an annual deal to buy US crude as it seeks to broaden its oil purchasing options, its chairman said on Wednesday, amid uncertainties over imports from Iran.

New Delhi: Adani Gas Ltd. surged the most in nearly two months after India’s top court nullified orders restricting its network expansion.

New Delhi: In a win for Adani Gas, the Supreme Court on Tuesday set aside the Petroleum and Natural Gas Regulatory Board’s (PNGRB’s) order withdrawing the no-objection certificate to the company for laying gas pipelines in the cities of Jaipur and Udaipur.