ONGC, India's largest oil and gas explorer, is considering an $8.3-billion refinery and petrochemicals project in the Indian state of Bihar to meet rising fuel demand.
INTERNATIONAL Feed Atom
On the eve of the 64th anniversary of the founding of OPEC, the Secretary General of OPEC Haitham al-Ghais announced that the organization “has an instrumental role to play for decades to come on the path towards an inclusive energy transition for our global energy future.”
The global price of crude oil today, September 3, 2024
Brent crude futures were down 17 cents, or 0.2%, to $77.35 a barrel by 0620 GMT. West Texas Intermediate crude futures, were up 50 cents, or 0.7%, at $74.05 a barrel.
French oil company TotalEnergies has approved a $444 million investment deal with Indian Adani Green Energy, advancing plans for a joint venture.
The world price of crude oil today, September 2, 1983
Brent crude futures were down 21 cents, or 0.3%, at $76.72 a barrel by 0815 GMT while U.S. West Texas Intermediate crude slipped 14 cents, or 0.2%, to $73.41.
Iraq plans to offer ten gas exploration blocks to US companies during a visit to the US, as part of its efforts to boost gas production.
On the 65th establishment day of Indian Oil Corporation Limited (IOCL), Union Minister of Petroleum and Natural Gas Hardeep Singh Puri lauded the company for its role in protecting Indian citizens from global fuel price hikes over the past three years.
KABIL and Oil India Ltd. signed a Memorandum of Understanding at NALCO's Bhubaneswar headquarters, signed by KABIL CEO Sadashiv Samantaray and OIL ED Ranjan Goswami.
The global price of crude oil today, August 29, 2024
Brent crude futures slipped 7 cents, or 0.09%, to $78.58 a barrel by 0812 GMT, while U.S. West Texas Intermediate crude futures edged 1 cent lower, or 0.01%, at $74.51.
The global liquefied natural gas market is predicted to experience a supply glut, increasing production by 41% over the next four years, benefiting India's LNG availability at reasonable prices.
The Alberta Energy Regulator (AER) said on Thursday it has imposed an administrative penalty of C$50,000 (US$36,764.71) on Imperial Oil over a months-long toxic tailings leak at the oil and gas producer’s Kearl oil sands mine.
India's ONGC has commenced a new well in KG-D5 Block, marking a significant milestone for the company, which is expected to boost oil and gas production.
The world price of crude oil today, August 26, 2024
Brent crude futures climbed 56 cents, or 0.7%, to $79.58 a barrel by 0615 GMT, while U.S. crude futures were at $75.40 a barrel, up 57 cents, or 0.75%.
Morgan Stanley reduces global oil demand growth forecast for 2024 due to China's slower economic growth, increased electric vehicle usage, and rise in LNG-powered trucks.
Ukraine's President Zelenskyy urges India to cease Russian oil imports to end Ukraine's war, while India's External Affairs Minister Jaishankar discusses energy needs and market conditions.
Turkey's energy strategy aims to reduce reliance on imported resources and boost domestic output, resulting in new highs in oil and gas production.
India surpassed China as the largest buyer of Russian oil last month, Reuters reported Thursday, citing import data from both countries.
Azerbaijan is on pace to meet its natural gas export target this year. But Baku still has a long way to go before the country can meet its ambitious export commitments for 2027.
Automaker Hyundai Motor is set to establish a dedicated Hydrogen Innovation Centre at an investment of Rs 180 crore at the Thaiyur campus of Indian Institute of Technology, Madras for research in hydrogen technology.
Chevron plans to invest 83 billion rupees ($989.2 million) in Bangalore, India, to build its largest oil and gas technology center outside the US.