OPEC could extend its oil supply-reduction pact with non-members or even apply deeper cuts from July if global crude inventories fail to drop to a targeted level
State-owned oil firms IOC, BPCL and HPCL have cornered a third of the 31 small discovered oil and gas fields awarded in the first auction in more than six years.
CCEA approves award of contract to 31 contract areas (44 fields) of Discovered Small Fields of ONGC and OIL
CCEA approves award of contract to 31 contract areas (44 fields) of
Discovered Small Fields of ONGC and OIL
U.S. crude exports are poised to surpass production in four OPEC nations in 2017 and may grow even more if President Donald Trump honors pledges to ease drilling restrictions and maximize output.
ajor oil public sector units are planning to invest over Rs 1.43 lakh crore in Andhra Pradesh in coming years which would create jobs for thousands of people in the state, Oil Minister Dharmendra Pradhan said today. He said that the investment will start from 2017-18 and all the investment will be completed by 2021-22
According to global news agency Reuters, since late November, major oil companies have announced 11 deals worth more than $500 million each with a combined value of $31 billion, the clearest sign yet that oil executives are more confident a recovery is underway
The world’s top oil companies are back in acquisition mode, targeting smaller exploration and development firms to boost hydrocarbon reserves through acquisitions in contrast to the mergers route that followed previous slumps in crude prices.
Twelve months ago, the mood of the Russian delegation at the World Economic Forum in Davos was distinctly gloomy
Global giant in the oil sector, Saudi Aramco has hinted at setting up a refinery in Andhra Pradesh.
The Saudi Arabian oil major also evinced interest in turning coastal Andhra Pradesh as one of its major bases but this plan will move forward only after the Centre okays the proposa
India’s oil and gas sector has attracted foreign direct investments worth $ 1.18 billion in the past two financial years between April 2014 and March 2016, the government said in its “achievement report” for the petroleum sector.
With the U.S. dollar being dealt a most solid dose of the whoop-bang-wallops (WBWs), crude prices cannot help but be propelled higher today.