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Latest Articles in oil and gas

Oil Up On Ongoing Supply Cuts, But Analysts Warn OPEC Must Stay The Course

The bullish market sentiment has been fuelled this year by the Organization of the Petroleum Exporting Countries (OPEC) and other producers, including Russia, to hold back 1.8 million barrels per day (bpd) in oil production to tighten markets

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ONGC Seeking Oil Assets In Other Regions Amid Iran Gas Row

ONGC Videsh is targeting production of 60 million tonnes of oil and gas by 2030 from 12.80 million tonnes in 2016-17

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Petrol Price Down Rs 2.5 Per Litre, Diesel By Rs 2.25

Petrol in Delhi now costs Rs 68.38 a litre, down from Rs 70.88. A litre of diesel now comes for Rs 56.89 as against Rs 59.14 previously, according to Indian Oil Corp (IOC), the nation's largest fuel retailer

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Sensex Surges 198 Points, Nifty Regains 9,900 Level

The BSE 30-share barometer went up 197.70 points, or 0.62 per cent, to 31,797.46. The gauge had lost 824 points in the previous six sessions, in line with a general weakness across the globe fuelled by escalating worries about Korean peninsula

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Chevron To Invest $4 Billion To Boost Permian Basin Output

Oil major Chevron Corp will next year invest around $4 billion to ramp up its crude production in the Permian Basin area of the United States, a company executive said on Monday.

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ONGC Strikes 'Good' Offshore Oil, Gas Find

ONGC informed the Directorate General of Hydrocarbons (DGH), the upstream advisory arm of the federal oil ministry, about the latest discovery earlier this month

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India To Bid For Israel Oil-and-gas Exploration Blocks: Dharmendra Pradhan

India and Israel have deep defence ties but Modi and his right wing ruling group are pushing to expand the relationship into other sectors such as energy and technology with a country they see as a natural ally against terrorism

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Oil India Q4 Profit Falls 96% On One-time Charge

State-run Oil India posted a 96 per cent fall in fourth-quarter profit, hurt by a one-time charge realised on the pre-discount and post-discount price of crude oil paid to a state government

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Government Aims To Cut Petroleum Imports As It Boosts Alternative Fuel Use

India imported about 33 million tonnes of oil products over April 2016 to February 2017, up nearly 24 per cent from the same period a year ago

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Essar Says Hopes To Close Sale To Rosneft-led Consortium In Next Few Weeks

The acquisition of Indian refiner Essar Oil by a consortium led by Russian oil company Rosneft is expected to be completed in the next few weeks, Essar said in written comments to Reuters on Friday

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Cairn India: Of Deals And Discoveries

Cairn India has managed to achieve tremendous improvement in productivity, which has been its strategy amid good finances, in facing the historically grey market

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Russia's VTB Says Final Stage Of India's Essar Acquisition To Start On March 31

Rosneft will acquire a 49 percent stake in Essar and another 49 percent will be shared between commodities trader Trafigura and Russian private investment group United Capital Partners

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Indian Oil To Sell 24 Per Cent Stake In India JV To Lubrizol Corp

IOC held a 50 percent stake in the joint venture, Lubrizol India Pvt Ltd, according to the company's 2015-16 annual report

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