NEW DELHI: Vedanta and many little-known private players emerged the dominant bidders in the second round of auction for discovered small fields in which 39 companies bid for 24 oil and gas contract areas.
Category: Oil & Gas
Oil stable as economic outlook weighs, Venezuela concerns support
SINGAPORE: OilNSE -0.12 % prices were stable on Tuesday, pressured by a cloudy outlook for the global economy but supported by worries over disruptions to supply from US sanctions on
IOC trades in the red ahead of Q3 results
NEW DELHI: Shares of Indian Oil Corporation (IOCNSE -0.69 %) were trading in the negative territory ahead of the announcement of its December quarter earnings on Wednesday in an otherwise
How India, one of Venezuela’s last oil buyers — may react to sanctions
After the U.S. slapped sanctions on Venezuela’s state-owned PDVSA, which essentially add up to an oil ban, the market has focused on how the remaining buyers of the South American country’s heavy, low-quality
Oil nudges higher, but ample global production weighs
SYDNEY: OilNSE 0.26 % prices steadied on Tuesday, edging up from a near two-week low in the previous session when prices fell around 3 per cent on fears of supply growth
HPCL’s Barmer refinery achieves financial closure
NEW DELHI: Hindustan Petroleum Corp Ltd’s (HPCL) Rs 43,129-crore refinery project in Barmer district of Rajasthan has achieved financial closure with tying up of a Rs 28,753-crore loan
Area under hydrocarbon exploration expected to double by 2020, says DGH
New Delhi: The government expects the area under hydrocarbon exploration in the country to double to 300,000 sq km by March 2020 as availability of new seismic data is likely to draw more investors. Expanding exploration acreage is the first step in the long path to raising
Share market update: OMCs trade in the green; BPCL rises over 1%
NEW DELHI: OMCs were trading in the green in Friday’s afternoon session.
Oil prices fall on rising US rig count, economic slowdown
SINGAPORE: OilNSE -0.55 % prices fell on Monday after US energy firms added rigs for the first time this year in a sign that crude production
Reliance can be India’s Alibaba, says UBS report
NEW DELHI: Oil-to-telecom conglomerate Reliance IndustriesNSE -0.29 % is evolving from an integrated energy company into a consumer giant like China’s Alibaba and potentially could rival likes of Amazon and Walmart, says
Focus on climate change: Oil producers told to curb natural gas flaring from fields
NEW DELHI: India is aiming to halve the natural gas flaring from its oilfields in a year to curb waste of energy and damage to the environment. The Directorate General of Hydrocarbons (DGH), the upstream regulator, has directed oil producers to take quick steps to curb
US ban may offer China and India feast of cheap Venezuelan oil
A possible move by Donald Trump to hurt Venezuela’s oil industry could prove a shot in the arm for the Xi Jinping and Narendra Modi administrations.