India offered 10 blocks for bidding in the eighth round of the Open Acreage Licensing Policy (OALP) in July last year. After extending the bid deadline a few times, the round closed last week
The companies did not find viable amounts of oil or gas in block No. 4 north of Beirut, and drilling in block No. 9 in the south has been repeatedly postponed because of the dispute with Israel
US benchmark crude oil picked up 55 cents to $80.53 per barrel in electronic trading on the New York Mercantile Exchange
BPCL and other state-owned fuel retailers continue to hold prices but a fall in international oil prices has meant that they are now making healthy margins
But the group's figures showed that Russia was still taking in 640 million euros a day from fossil fuels, down from 1 billion euros daily from March to May 2022 just after the country invaded Ukraine on February 24
Oil prices have started to rise with the announcement of OPEC+ countries to reduce oil production. Lower supply would result in higher prices, which would worsen situations in countries already reeling under inflation.
Vedanta is targeting to become a $100 billion company by 2030 from the present $20 billion with new planned investments in sectors like zinc and oil and gas
G-7 takes a leaf out of China’s book and announces infrastructure projects in developing countries to balance China’s BRI. The price cap on Russian export of oil is a complex issue that will be difficult to implement.
India spent $13.7 billion in March alone when oil prices surged to a 14-year high. This compared with $8.4 billion spending in the same month last year.
The government is selling up to 1.5 per cent of its stake in the country's top oil and gas producer ONGC at a floor price of Rs 159 per share.
Johnson is scheduled to meet with leaders in Abu Dhabi and Riyadh for talks on energy, regional security and humanitarian relief as part of what Downing Street...
Major Indian oil companies such as ONGC, Oil India Limited (OIL), Indian Oil Corporation (IOC), and BPCL have invested in Russian energy projects, according to...
Industry players expect prices of cooking oils to remain stable as the supply of domestic mustard oil will improve from next month. Harvesting of mustard seeds...
In India, the shares of oil companies—ONGC and Oil India Limited jumped as much as 2 per cent to hit an intraday high of Rs 166.50 and Rs 224...
The block is one of the 41 areas that the company had won in the first round of the open acreage licensing policy (OALP) bid round in October 2018.
This is the second time the industry body is requesting its members to cut MRP. Last time, it had asked its members to reduce MRP on edible oils by Rs 3-5/kg...
The world's third-largest energy consumer will continue to rely on hydrocarbons to meet its growing energy needs in the foreseeable future, he said at the...
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The announcement only pertains to Saudi Arabia's efforts within its national borders, and does not impact its continued aggressive investment in oil and...
