Oil and Natural Gas Corporation (ONGC), the country’s largest producer of oil and gas, is looking at drilling 200 wells across various fields in Sivasagar district of Assam at a cost of Rs 6,000 crore, the firm said in an application submitted to the environment ministry.
Global oil and gas prices are likely to remain volatile but range bound in 2019 on the back of multiple factors, ratings agency Moody’s said in a report today. The medium-term price band for West Texas Intermediate (WTI)
For the Indian oil and gas sector, the year was defined by what occured outside with crude oil prices rising steadily to cross $86 a barrel owing to oil producers starting output cuts from January, before a sharp correction in the third quarter brought
A recipe for New Year crude oil price weakness: Take 2 parts trade-war worries, 1 part each of quantitative tightening and fear of a slowdown in Chinese growth. Add a dollop of credit default concern and a generous pinch of European
India’s oil and gas subsidies fell by 70% from financial year (FY) 2014 to FY 2017, according to a report released by International Institute of Sustainable Development (IISD) and the Council on Energy,
The number of new oil and gas projects will rise five-fold next year from a 2015 trough but overall spending is still unlikely to be enough to meet future demand, consultancy Wood Mackenzie said in a report.
Anil Agarwal-led Ltd is likely to bag as many as 40 oil and gas exploration blocks in India’s maiden open acreage auction, official sources said on Tuesday.
India’s wholesale inflation fell to a three-month low of 4.64 per cent in November, driven down by decline in prices of food articles, especially vegetables, and some easing in rates of petro products.
This year, Delhi and Mumbai crossed the one million mark in piped natural gas connections. Beyond the two cities, access to the fuel will grow further to 402 districts across 27 states and Union Territories,
The monthly consumption of petroleum-based products in November has dropped by 1.7 per cent to 17,273, reports the Economic Times. Data from the Petroleum Planning and Analysis Cell (PPAC), the statistical arm of India’s oil ministry,