President Donald Trump said Sunday the US is “locked and loaded” to respond to an attack on Saudi oil infrastructure that Washington has blamed on Iran, as Riyadh raced to restart operations at plants hit by drone attacks. It is the first time the president has hinted at a potential American military response to the […]
Category: Oil & Gas
Link all beneficiaries to Ujjwala by Sept end: CM
Chief Minister Raghubar Das on Monday said that till date around 33 lakh women have been freed from the suffocation of smoke and linked with Ujjwala Yojana. During a meeting of twenty point implementation committee on Monday Das directed the officials to link the remaining deserving families to the scheme in the month of September. […]
Drone attacks strike Saudi Aramco facility, oilfield
Drones attacked the world’s largest oil processing facility in Saudi Arabia and a major oilfield operated by Saudi Aramco early on Saturday, the kingdom’s Interior Ministry said, sparking a huge fire at a processor crucial to global energy supplies. No one immediately claimed responsibility for the attacks in Buqyaq and the Khurais oil field, though […]
Iran inks deal to develop gas field in tense Gulf
Two Iranian companies signed a $440 million agreement on Saturday to develop a gas field in the sensitive Gulf, with the oil ministry saying it showed arch-foe the United States could not stop the country with sanctions. Oil Minister Bijan Namdar Zanganeh said the deal reached between two government-owned firms, Pars Oil and Gas Company […]
Saudi halts production at attacked oil plants: Minister
Saudi Arabia has temporarily halted production at two Aramco oil facilities that were attacked by Yemeni rebels, interrupting about half of the company’s total output, the energy minister said Saturday. The attacks “resulted in a temporary suspension of production at Abqaiq and Khurais plants,” Prince Abdulaziz bin Salman, the energy minister said in a statement […]
Iran refutes US accusations over Saudi attacks
Iran on Sunday dismissed US accusations it was behind drone attacks on Saudi oil installations, suggesting the United States was seeking a pretext to retaliate against the Islamic republic. “Such fruitless and blind accusations and remarks are incomprehensible and meaningless,” foreign ministry spokesman Abbas Mousavi was quoted as saying in a statement. US Secretary of […]
US blames Iran for attacks on Saudi oil sites
US Secretary of State Mike Pompeo is blaming Iran for drone attacks Saturday against Saudi Arabia’s oil infrastructure. The attacks, attributed to Iranian-backed Houthi rebels in Yemen, sparked huge fires at a vulnerable chokepoint for global energy supplies. But in Saturday tweets, Pompeo says “there is no evidence the attacks came from Yemen” and points […]
Saudi Arabia: Drone attacks knocked out half its oil supply
Yemen’s Houthi rebels launched drone attacks on the world’s largest oil processing facility in Saudi Arabia and a major oil field Saturday, sparking huge fires and halting about half of the supplies from the world’s largest exporter of oil. The attacks were the latest of many drone assaults on the kingdom’s oil infrastructure in recent […]
Reliance, BP take over Niko’s 10 pc stake in KG-D6 block
Reliance Industries and UK’s BP plc have taken over the 10 per cent shareholding of their partner Niko Resources in the eastern offshore KG-D6 block after the Canadian firm defaulted on paying for its share of gas field development cost. Sources with knowledge of the development said the oil minister has given ‘unconditional’ nod to […]
Aramco says ready for two-stage IPO, timing up to Govt
Saudi energy giant Aramco is ready for a two-stage IPO but the timing is up to the government, its chief executive said Tuesday, flagging a possible foreign listing as part of the offering. Aramco is “ready” for the giant stock market debut but the timing is a “government decision”, Amin Nasser told reporters on the […]
ONGC to invest Rs 13,000cr in Assam to drill over 220 wells
The Oil and Natural Gas Corporation (ONGC) on Wednesday announced it will invest more than Rs 13,000 crore in exploring oil and gas by drilling over 220 wells across Assam in the next five years. The company said in a statement that it has signed an MoU with the Assam government for enhancing its exploration […]
US slaps sanctions on Iran shipping network over Syria oil
The United States on Wednesday imposed sanctions on a shipping network it said was run by Iran’s Revolutionary Guards, saying it sold millions of barrels of oil to benefit Syrian President Bashar al-Assad. The sanctions on 16 entities, 10 people and 11 vessels were announced just as Iran was threatening to cut further its commitments […]