India's MRPL Declares Force Majeure on Fuel Exports as Iran Conflict Disrupts Crude Supplies
India's Mangalore Refinery and Petrochemicals has suspended fuel exports due to the Middle East conflict that has disrupted crude oil flows from the Gulf, two sources familiar with the matter said on Wednesday.The…
Oil India's quarterly profit declines on lower crude realisations
Oil India, an Indian exploration company, reported on Tuesday that its third-quarter profits fell as lower realisations squeezed the margins despite higher fuel demand. The profit of the state-owned company, which…
Mozambique and TotalEnergies launch $20 billion LNG project
TotalEnergies and Mozambique agreed to restart construction of the French energy giant's $20 billion "liquefied natural gas" project in the country on Thursday, even though they are still negotiating over the additional costs associated with delays.
Indian equity benchmarks continue to gain on EU trade deal
India's equity benchmarks rose on Wednesday, adding to gains made in the previous session following a landmark deal between the European Union and India that raised "hopes" of a boost to the economy. As of 9:48 a.m.
India's state-owned BPCL signs $780 million oil contract with Brazil's Petrobras
India's Bharat Oil Corp Ltd. will purchase?12,000,000 oil barrels from Brazil's Petrobas for $780 million in fiscal 2027. This is?twice as much as its contract with Petrobas 2026, and will be used to replace Russian oil.
Oil India reports a 43% drop in its quarterly profit due to low selling prices and rising expenses
Oil India, an Indian exploration company, reported on Friday a 43% drop in its second-quarter profits. This was due to a decline in crude realisations (the price at which the product is sold), while increased expenses also affected margins.
BPCL and Oil India plan to expand refinerys worth $11 billion.
Bharat Petrol Corp, the state-run oil company in India, signed three agreements on Tuesday at an industry conference. One of them was with Oil India for a greenfield refinery complex and petrochemical plant worth…
TotalEnergies says the Mozambique Liquefied Natural Gas project cost has risen to $4.5 billion
TotalEnergies told Mozambique in a letter that costs for its LNG project had risen $4.5 billion over the past four years. It also wants to extend its production agreement by 10 years. The French oil giant confirmed Saturday that it…
TotalEnergies, in partnership with partners, lifts force majeure on the $20 billion Mozambique Liquefied Natural Gas project
TotalEnergies, a French oil company, announced that it had lifted the force majeure for its $20 billion Mozambique Gas project with project partners. This comes four years after a militant Islamist attack halted construction.
Oil India expects to restart the Mozambique Liquefied Natural Gas project within a year
India's state-run Oil India Ltd expects a $20-billion, TotalEnergies-operated Mozambique liquefied natural gas project in which it owns a stake to restart development by the end of this year, its chairman Ranjit Rath said on Thursday.
Oil India, the state-owned oil company, has seen its profit fall as fuel prices drop
Oil India, a state-owned explorer, reported a sharp fall in its first-quarter profits on Tuesday. This was due to lower oil prices and a sluggish demand, but the company still fell short of analyst expectations.
India Oil Corp Buys US and Middle Eastern Crude As Trump Criticizes Russian Purchases
Indian Oil Corp has bought 7 million barrels of crude from the United States, Canada and the Middle East, four trade sources said on Monday, as U.S. President Donald Trump ramped up his criticism of the country…
India's Numaligarh Refinery extends key green hydrogen tender date amid Assam policy uncertainty
According to a tender document from India's Numaligarh Refinery Ltd, the deadline for bids on its green hydrogen project for Assam has been extended by two weeks. This comes as uncertainty surrounds the state's flagship policy for clean energy.
India revamps its gas policy to increase affordability and supply
India announced on Friday that it had made improvements to its domestic gas allocation policy in order to ensure the availability and affordability for natural gas. The government announced that domestic gas allocations…
India auctions three coal bed methane block
Pallavi Govil, the Directorate General of Hydrocarbons' upstream regulator, announced Tuesday that India had launched an auction of three blocks of coal bed methane and 55 small discovered areas for exploration and production.
India increases gas prices starting April
India's government website revealed on Monday that the price for its locally produced oil field gas has increased by almost 4%, to $6.75/million metric British Thermal Units (mmBtu), compared to $6.50/mmBtu the previous month.
Sources claim that Indian state firms are interested in SQM’s lithium projects in Australia.
Four sources have confirmed that four Indian state firms were in discussions with Chilean mining company SQM about acquiring a 20% stake of its two projects in Australia. The deal would cost $600 million. This…
Oil India's Q2 profit forecast misses the mark due to lower prices and muted demand
State-run explorer Oil India reported a smaller-than-expected second-quarter profit on Tuesday, weighed down by lower crude prices and tepid fuel demand. The company's profit grew six-fold in three months to 18…
TotalEnergies denies knowing about alleged torture and killings at Mozambique Liquefied Natural Gas site
PARIS, September 26 - French oil giant TotalEnergies responded to a report in the media by saying that it was unaware of the torture and killings allegedly committed on site of the future Mozambique Liquefied Natural Gas plant.
NRL, an Indian refiner, expects normal diesel supply to Bangladesh
The company, Numaligarh Refinery Ltd. (NRL), said that it does not anticipate any impact on its diesel shipments to Bangladesh due to the political turmoil in Bangladesh. NRL, the subsidiary of Oil India, awaits its next diesel orders from Bangladesh.