The natural gas business of PSU upstream companies would turn profitable as domestic prices are expected to increase substantially in the next revision, ratings agency ICRA said. New Delhi, March 24 (IANS) The natural gas business of PSU upstream companies would
The BP board announced that BP will exit its shareholding in Rosneft. BP has held a 19.75 per cent shareholding in Rosneft since 2013. New Delhi, Feb 28 (IANS) The BP board announced that BP will exit its shareholding in Rosneft.
New Delhi, Feb 22 (IANS) Oil prices are climbing on fears that the Ukraine-Russia crisis will disrupt supply chains across the world, BBC reported. Futures of Brent crude, the international benchmark, reached a seven-year high of almost $98 on Tuesday after
New Delhi, Feb 14 (IANS) Saudi Arabia has transferred shares worth $80 billion to its sovereign wealth fund as the oil-rich nation hopes to rival Norway and Singapores state-managed funds and invest in green projects, The Guardian reported. Crown Prince Mohammed
New Delhi, Oct 17 (IANS) The sharp economic recovery and rising demand post the second wave of Covid coupled with a spike in global oil prices may pose a challenge for the government in FY22 to maintain fiscal discipline amid good
Mumbai, Oct 5 (IANS) Shares of oil companies were flying on the bourses on Tuesday, following further strengthening of global crude oil prices on Monday with oil cartel OPEC+ deciding to continue with their gradual approach to raise production. At around
New Delhi, Sep 27 The start of the week has brought fresh gains for the crude market as oil has rallied on signs of a tightening market amid a global energy crunch. Crude oil futures increased on Monday over dwindling
Moscow, Sep 7 The last pipe of the two strings of the Nord Stream 2 natural gas pipeline has been completed, the operating company said in a statement. “On September 6, 2021, specialists on the laybarge Fortuna welded the last
Government of India today organized a promotional event in Mumbai to showcase Upstream Oil &Gas opportunities in India,with the objective to market the portfolio of high-volumeOil and Gas assets of Indian Sedimentary basins, and to promote the Bidding Roundsof Hydrocarbon
Mumbai, Feb 23 The key Indian equity indices opened on a positive note on Tuesday with the BSE Sensex gaining 400 points to trade well above the 50,000-mark. Around 10.25 p.m., Sensex was trading at 50,146.82, higher by 402.50 points
Mumbai/Tokyo, July 31 Reliance Power Limited and JERA Co., Inc. through their project company, are developing a new gas-fired power generation project in Bangladesh. The project company has now signed a loan agreement for full financing totaling $642 million with
Mumbai, July 28, 2020: IndianOil and BCG have collaborated to bring out a publication that underlines that urgent need for oil and gas companies to rethink their supply chain priorities to build resilience and agility to mitigate impact from increasing
New Delhi, July 9 The Covid-19 demand suppression in early part of the year is likely to abate for oil marketing companies, now with state-run companies — IOC, HPCL and BPCL making a strong beginning to FY21 returning high levels
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