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.
India's ONGC exceeds profit expectations for the first quarter on high fuel demand
India's Oil and Natural Gas Corp. (ONGC), boosted by domestic fuel demand and a higher realisation of prices, beat the first-quarter profits estimates. The data released by the Oil Ministry shows that India's…
Fire at Oil India Well Extinguished after Nearly Six Months
State-run explorer Oil India Ltd said on Monday a deadly fire at its well in eastern India that that started raging nearly six months ago has been "doused completely.""There is no pressure in the well now and the same will be observed for 24 hrs to check…
Two Firefighters Die in Fire at Oilfield in India
Two firefighters from Oil India have died while trying to put out a massive blaze at an oilfield operated by the state-run explorer in India's northeastern Assam state, officials said on Wednesday.Oil India had…
Oil India's Baghjan Well Catches Fire
An ongoing gas leak at state-run oil and gas explorer Oil India Ltd's Baghjan well in the eastern India state of Assam caught fire on Tuesday, the company said in a statement.Oil India suspended operations at…
India Gets 8 Bids for 7 Onshore Blocks
India has received 8 bids for 7 onshore oil and gas exploration blocks under the latest auction, a government statement said.State-run Oil and Natural Gas Corp has submitted bids for all 8 blocks.State-run Oil India has put in a bid for 1 block.(Reporting by N
India, S. Arabia in New Petro Relationship
India and Saudi Arabia have decided to expand its ‘energy relationship’ into next phase to include Saudi partnership in building additional crude oil storage reserves in India, a new refinery on the west coast…
Anadarko Approves $20 Bln Mozambique LNG Project
U.S. energy firm Anadarko Petroleum Corp gave the go-ahead on Tuesday for the construction of a $20 billion gas liquefaction and export terminal in Mozambique, the largest single LNG project approved in Africa…
Anadarko Nearing FID for Mozambique LNG
U.S. independent energy producer Anadarko moved closer to a final investment decision (FID) to build a giant liquefied natural gas (LNG) terminal in Mozambique after signing up an Indian buyer for the gas and…
India Plots Exploration Licensing Round
India will start auctioning for 14 oil and gas blocks in its second exploration licensing round on Monday, giving freedom to the companies to carve out areas they want to drill.The blocks together hold undiscovered reserves of about 14,995 million tonnes of oi
Israel Exploring Eastern Mediterranean
Israel will tender off 19 new offshore blocks to oil and gas companies, its energy ministry said on Sunday, hoping to rebound from a disappointing bidding round a year ago.Israel discovered in 2009 that it had…