U.S. oil producer Marathon Oil Corpposted a better-than-expected adjusted quarterly profit on Wednesday, helped by rising crude prices and cost cuts, sending its shares up more than 2 percent in extended trading.
India’s annual wholesale price inflationeased in January for the second straight month after touching an eight-month high in November, helped by a softer rise in food and fuel prices, government data showed on Thursday.
Just over a year into production cuts lead by OPEC and Russia, oil markets in Asia have tightened noticeably as significant amounts of excess crude have been taken off tankers used for storage and delivered to customers across the region.
Moving beyond conventional techniques, Oil and Natural Gas Corporation (ONGC) plans to introduce carbon dioxide injection in its Gandhar field to recover an extra 20 million barrels of crude oil under the enhanced oil recovery (EOR) programme which is being undertaken to improve India’s energy security.
Days after Prime Minister Narendra Modi completed a four-nation tour of West Asia and the Gulf region, India will play host to Iranian President Hassan Rouhani from Thursday.
State-run GAIL (India) has won a contract for buying coal-bed methane (CBM) gas produced from Essar Oil’s Raniganj block in West Bengal.
Two separate enquiry teams have been formed to identify the exact cause of the blast in an oil rig at the Cochin Shipyard Limited (CSL) in which five persons were killed.
The Indian government’s plan to spend $230 million over two years to prevent crop residue burning is below the spending estimates of its policy advisors for the task and may do little to cut the air pollution that envelops the capital region of Delhi.
Shardul Amarchand Mangaldas advised Oil and Natural Gas Corporation Limited (ONGC) in relation to the acquisition of 51.11% shares of Hindustan Petroleum Corporation Limited (HPCL) from the President of India.
With negotiations stuck over pricing of natural gas, ONGC Videsh Ltd has offered to invest $6.2 billion in development of Iran’s giant Farzad-B gas field in the Persian Gulf while leaving the marketing of gas to Tehran.