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Latest Articles in Oil and Gas
India Set To Be Leader In Green Hydrogen: Petroleum Minister Puri At Davos
Union Petroleum and Natural Gas Minister Hardeep Puri said said special emphasis is being given on green hydrogen, biofuel blending and exploration and production of biofuel from alternative sources
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U.S. Energy Secretary Does Not Rule Out Secondary Sanctions On Buyers Of Russian Oil
The United States, along with Britain and Canada have placed bans on purchases of Russian oil after Moscow's invasion of Ukraine. But Washington has not placed so-called secondary sanctions on countries that buy Russian oil, the type of measures it has slapped on countries that buy oil from Iran
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HPCL Q4 Net Declines 40%, Declares Final Dividend Of Rs 14/Share For FY22
HPCL CMD said the company earned $12.44 on turning every barrel of crude oil into fuel in Q4FY22 as against a gross refining margin GRM of $8.11 per barrel in the same quarter a year back
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EU Tweaks Russia Oil Sanctions Plan In Bid To Win Over Reluctant States: Sources
The European Commission has proposed changes to its planned embargo on Russian oil to give Hungary, Slovakia and the Czech Republic more time to prepare for the shift in their energy supplies, three EU sources said on Friday
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US Senate Committee To Consider Bill Pressuring OPEC Oil Group
Saudi Arabia and other OPEC producers have rebuffed requests by the United States and other consuming countries to boost oil production beyond gradual amounts, even as oil consumption recovers from the COVID-19 pandemic and Russian supply falls after its invasion of Ukraine
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Oil Falls On China Growth Worries As EU Weighs Russian Crude Ban
China released data on Saturday showing factory activity in the world's second-largest economy contracted for a second month to its lowest since February 2020 because of COVID lockdowns
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BP To Keep Betting On Lower Carbon, More Economical Offshore Oil Output
Offshore operations allow better control of emissions, especially in the U.S. Gulf of Mexico, said Starlee Sykes, BP's Senior Vice President for the Gulf of Mexico and Canada, during the Offshore Technology Conference (OTC) in Houston
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How Russia's Weaponisation Of Oil Could Backfire
Oil is a fungible commodity in a global market: If one source cuts off shipments, importing countries can just buy more oil from other suppliers, although they may pay higher prices on spot markets than they would have under long-term contracts
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US Energy Secretary Says Oil, Gas Output Will Continue To Increase
Jennifer Granholm told CNBC the boost in US oil to market will be about 1 million barrels per day, first coming from President Joe Biden's record release from the Strategic Petroleum Reserve starting in May and lasting six months
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Russia Investigates Large Oil Depot Fire In Region Near Ukraine
The Russian Energy Ministry said there was no threat to diesel and gasoline supplies in the Bryansk region after the incident and there were enough fuel stockpiles
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India's Russian Oil Purchases Since Ukraine Invasion More Than Double 2021 Total
That compares with total imports of Russian oil into India of 16 million barrels in the whole of last year,
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Guyana Gets $106 Mn From Exxon For Oil From Newest Offshore Platform
The 1-million-barrel cargo of the new crude, called Unity Gold, was sold through a competitive bidding process that Exxon won with a bid of $106 per barrel, according to the Guyana Ministry of Natural Resources
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India's Oil Import Bill Increases Two-Fold To $119 Bn In FY22
India, the world's third biggest oil consuming and importing nation, spent $119.2 billion in 2021-22 (April 2021 to March 2022), up from $62.2 billion in the previous fiscal year, according to data from the oil ministry's Petroleum Planning & Analysis Cell (PPAC)
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ONGC Commissions Rs 6,000 Cr Projects To Boost Oil, Gas Output
"The two projects will result in an incremental gain of 7.5 million tonnes of oil and more than 1 BCM of gas," ONGC said in the statement
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Pomila Jaspal Takes Over As ONGC Director (Finance)
She has 36 years of experience across varied segments of the oil & gas industry, encompassing operating, regulatory and policy aspects of upstream and downstream industry
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