Back to homepage

Tag "Oil & Gas"

Natural gas business of PSU upstream companies to turn profitable: ICRA

Natural gas business of PSU upstream companies to turn profitable: ICRA

🕔18:12, 24.Mar 2022

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

Read Full Article
BP to exit Rosneft shareholding after Russia’s attack on Ukraine

BP to exit Rosneft shareholding after Russia’s attack on Ukraine

🕔14:31, 28.Feb 2022

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.

Read Full Article
Oil prices at a 7-year high of $98 after Russia recognises breakaway rebel regions in Ukraine

Oil prices at a 7-year high of $98 after Russia recognises breakaway rebel regions in Ukraine

🕔16:19, 22.Feb 2022

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

Read Full Article
Saudi Crown Prince says $80bn in Aramco shares transferred to wealth fund for green projects

Saudi Crown Prince says $80bn in Aramco shares transferred to wealth fund for green projects

🕔12:44, 14.Feb 2022

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

Read Full Article
Oil alarm: Country’s oil import bill at 67% of FY21 in just 5 months of FY22

Oil alarm: Country’s oil import bill at 67% of FY21 in just 5 months of FY22

🕔15:05, 17.Oct 2021

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

Read Full Article
OPEC supply restraint, hardening oil prices see oil cos shares flying

OPEC supply restraint, hardening oil prices see oil cos shares flying

🕔15:42, 5.Oct 2021

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

Read Full Article
Global oil prices rise to multi-month high levels over falling US inventories, rising demand

Global oil prices rise to multi-month high levels over falling US inventories, rising demand

🕔12:59, 27.Sep 2021

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

Read Full Article
Laying of last pipe of Nord Stream 2 completed

Laying of last pipe of Nord Stream 2 completed

🕔11:06, 7.Sep 2021

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

Read Full Article
Investors Meet on Opportunities in Indian Upstream Oil & Gas Sector

Investors Meet on Opportunities in Indian Upstream Oil & Gas Sector

🕔18:28, 27.Aug 2021

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

Read Full Article
Sensex up 400 points; oil & gas, metal stocks rise

Sensex up 400 points; oil & gas, metal stocks rise

🕔12:32, 23.Feb 2021

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

Read Full Article
Reliance Power, JERA sign loan deed for full financing of gas-fired thermal power project in B’desh

Reliance Power, JERA sign loan deed for full financing of gas-fired thermal power project in B’desh

🕔17:31, 31.Jul 2020

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

Read Full Article
IndianOil and BCG collaborate to bring out a report – Building capabilities for an uncertain world

IndianOil and BCG collaborate to bring out a report – Building capabilities for an uncertain world

🕔17:44, 29.Jul 2020

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

Read Full Article
Oil & Gas: OMCs set to start FY21 with a bang in Q1

Oil & Gas: OMCs set to start FY21 with a bang in Q1

🕔18:31, 9.Jul 2020

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

Read Full Article