Category: Oil & Gas

Union Minister of Petroleum and Natural Gas, Hardeep Singh Puri said that Oil and Gas Projects worth Rs 1 lakh Crore are approved for Northeast India and are expected to be completed by 2025. Ministry of Petroleum and Natural Gas, Government of India organized an event in Guwahati to showcase Upstream Oil & Gas opportunities […]

Delhi has suggested its surrounding states to shift their public transport vehicles in the National Capital Region to CNG and adopt a policy to promote electric vehicles, Environment Minister Gopal Rai said on Thursday. It has also urged the neighbouring states to ban firecrackers to tackle pollution. Rai made the suggestions during an online meeting […]

TOKYO: Oil NSE 1.78 % prices rose for a fourth day on Friday, taking Brent towards three-year highs, as investors focused on tighter supplies amid strong appetite for riskier assets like crude and high hopes for recovery from the pandemic. Brent crude was up 40 cents, or 0.5% at $77.65 a barrel, by 0037 GMT, […]

NEW DELHI: Shares of Petronet LNG NSE 0.56 % Ltd. traded 0.47 per cent up in Friday’s trade at 10:25AM (IST). Around 51,291 shares changed hands on the counter. The scrip opened at Rs 235.3 and touched an intraday high and low of Rs 236.8 and Rs 234.4, respectively, in the session so far. The […]

Mumbai: Anil Agarwal led-Vedanta Ltd will delist its American Depository Shares from the New York Stock Exchange to terminate its ADS program, which represents 4 per cent of the Company’s equity. Upon delisting, the company “will concentrate” all trading of its equity shares on the BSE Limited (BSE) and the National Stock Exchange of India […]

Brazilian authorities are investigating whether JPMorgan Chase & Co played a role in an alleged bribery and money laundering scheme dating back to 2011 and involved state-run oil company Petrobras, according to documents reviewed by Reuters and two law enforcement sources. So far, police have focused their attention on purchases of roughly 300,000 barrels of […]

MELBOURNE: Oil NSE 0.74 % prices rose on Thursday, extending strong gains overnight with fuel demand growing and crude stocks declining as production remains hampered in the U.S. Gulf of Mexico after two hurricanes. The market was also supported by a broader switch back into risk assets as concerns eased over a potential default by […]

NEW DELHI: Shares of GAIL NSE 2.07 % (India) Ltd. traded 3.64 per cent up in Thursday’s trade at 10:20AM (IST). Around 1,739,467 shares changed hands on the counter. The counter opened at Rs 152.4 and touched an intraday high and low of Rs 155.65 and Rs 151.6, respectively, in the session so far. The […]

Union Minister Nitin Gadkari on Wednesday said India is committed to an eminently achievable clean energy-based economy, and added that the country will soon have a policy for flex-fuel engines. The road transport and highways minister further said India is shifting its public transport fleet to green fuels like bio-CNG, ethanol, methanol, electricity and green […]

ONGC Videsh Ltd, the overseas arm of Oil and Natural Gas Corp (ONGC), has for the seventh time sought an extension to explore a Vietnamese oil block in the contested waters of the South China Sea.Officials said OVL has applied for a two-year extension to explore Block-128, the licence for which was valid till June […]

India’s crude oil production fell 2.3 per cent in August but natural gas output rose by more than a fifth on the back of output from KG-D6 fields of Reliance-BP, government data released on Wednesday showed. Crude oil production dropped to 2.51 million tonnes in August as output from fields operated by state-owned Oil and […]

Automation Anywhere, a global leader in Robotic Process Automation (RPA) on Wednesday announced a collaboration with IndianOil Corporation Limited (IOCL), the first oil marketing company in India to speed and scale automation to drive increased innovation across its 30,000 employee organization. During the first phase of a five-year plan, the company said that IOCL has […]