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Latest Articles in oil and gas

Senate Fight Looms After Trump Taps Exxon CEO As Top US Diplomat

Tillerson's 'cosy ties to Vladimir Putin and Russia would represent an untenable conflict at the State Department,' Representative Eliot Engel said in a statement

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PM Modi Asks Indian Energy Companies To Become MNCs

Pushing Indian energy companies to become multinationals, Prime Minister Narendra Modi on Monday outlined a vision for creating energy corridors to the Middle-East, Central Asia and South Asia, saying stable and reasonably-priced energy is key to economic development

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India Keen To Invest In Energy Sector In Qatar: Modi

After the talks, the two sides inked five pacts including in the field of visas, cyberspace and investments

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Oil Jumps Over 10 Per Cent As OPEC Finalises Output Cut Deal

The group's de facto leader Saudi Arabia said it would take the lion's share of cuts - reducing output by almost 500,000 bpd to 10.06 million bpd - to get the deal done

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Indian Oil Plans $5.5 Billion Expansion Of Refinery Co-owned By Iran

The Nagapattinam plant operated by IOC's subsidiary Chennai Petroleum Corp requires a complete overhaul to produce the cleaner, higher grade fuels

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Iran Overtakes Saudi Arabia As Top Oil Supplier To India

Iran's surge to the No.1 spot is due partly to less available crude from Saudi Arabia, which has increased its capacity to refine oil instead of just exporting more crude

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Petrol And Diesel Prices Hiked, Sixth Time Since September

The five previous hikes had totaled to Rs 6.36 a litre and after including Saturday's increase, the price of petrol has gone up by Rs 7.53 per litre in just over two months

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Reliance To Contest Government's $1.55 Billion Penalty

Reliance Industries is to contest a $1.55 billion fine imposed by the government on the company and its partners for selling gas belonging to the blocks of Oil and Natural Gas Corp

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Oil CEOs To Unveil Renewable Energy Fund In New Climate Push

The chief executives of seven oil and gas companies - BP, Eni, Repsol, Saudi Aramco, Shell, Statoil and Total - will announce details of the fund and other steps to reduce greenhouse gases in London

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India's $20 Billion Refinery Expansion To Cut Fuel Oil Output

India may turn into a net importer of fuel oil as its state-owned refiners are making multi-billion dollar investments to upgrade their refineries and produce more profitable refined products such as gasoline or diesel

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Russia's UCP Says Plans To Keep Essar Oil Stake For 3-5 Years

Russian state oil company Rosneft will get a 49 per cent stake in Essar Oil in the deal, which was structured to mitigate western sanctions and was valued at $12.9 billion

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High Court Dismisses Cairn India's Plea To Export Crude

The court said in the absence of a notice from the Centre saying India has attained self sufficiency, Cairn 'can only claim compensation' from the government under the production sharing contract

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Deal With Rosneft Is US Sanctions-compliant, Says Essar Group CEO Prashant Ruia

The $12.9 billion sale of India's Essar Oil to a group led by Russia's Rosneft does not run foul of US sanctions imposed against the majority state-owned Russian energy firm, parent Essar Group's CEO said

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