The Oil and Natural Gas Corporation (ONGC) has said that the Indian Ministry of Petroleum and Natural Gas (MOP&NG) has announced a 20% premium on gas produced from new wells or well interventions.
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Saudi crude oil exports to China are set to fall in September to about 43 million barrels, several trade sources said on Monday, citing monthly allocations for term buyers.
OPEC+ could extend the group's current oil production cuts into 2021 or deepen them further if market conditions require, Algeria's energy minister told an industry event on Wednesday.
India's largest oil marketing company, Indian Oil, leads the pack with 15% ethanol blending, aiming for 20% nationwide blending by 2025, while other players are dispensed 15% in petrol.
India's oil demand is likely to surge from 5.4 million barrels per day in 2023 to 8.3 million bpd by 2050. To meet this rise in oil demand, the Indian Oil Corporation (IOC) aims to increase their refining capacity from 70.25 million tonnes per annum to 88 million tonnes per year.
The US EIA has forecast that US oil markets will experience a closer balance between supply and demand this year. At the same time, the EIA has revised its forecast for 2025 crude prices downwards compared with its Short-Term Energy Outlook (STEO), published in July.
Pipeline operator TC Energy Corp. said Tuesday, July 30, it will sell a 5.34% stake in its Canadian natural gas pipeline system to Indigenous communities for C$1 billion as part of its plan to reduce the debt burden and fund investments.
India's Numaligarh Refinery Ltd (NRL) does not expect its shipments of diesel to Bangladesh to be affected by political upheaval in the neighbouring country, the company said on Friday.
The Trans Mountain oil pipeline's launch in Canada was a unique event, with hopes for increased production and increased oil prices. However, some expectations have not materialized, resulting in a significant discount to the US benchmark.
India's solar energy share is projected to reach 46% by 2047, reaching 856 GW, according to NITI Aayog's "India Energy Securities Scenarios 2047" analytical tool.
Brent crude futures were up 45 cents, or 0.6%, to $76.93 a barrel at 0823 GMT. U.S. West Texas Intermediate crude was up 47 cents, also 0.6%, to $73.67.
New peer-reviewed research published this week provides new and much-needed clarity about the methane footprint created by Canada’s oil and gas industry and the country’s progress toward addressing it.
The Indian government plans to involve leading national companies, Oil and Natural Gas Corporation (ONGC) and Oil India Ltd, in exploring the continental shelves of the Bay of Bengal and the Arabian Sea.
The Trans Mountain oil pipeline expansion (TMX) was meant to shrink the discount on Canadian oil versus U.S. crude but three months in the differential is wider than when commercial operations on the project started.
India's Oil and Natural Gas Corp (ONGC) beat first-quarter profit estimates on Monday, bolstered by strong domestic fuel demand and higher price realisation.
Iraq's oil exports to the US increased by 28,000 barrels per day to 178,000 barrels last week, according to the US Energy Information Administration.
India plans to extend offshore oil and gas exploration to the extended continental shelf, involving ONGC and Oil India Ltd for seismic survey beyond the EEZ.
China plans to alter its control of greenhouse gases, particularly CO2, to aid its national emissions trading scheme, though the target emissions levels remain unclear.
Indian refiners imported a total of 2.08 million barrels per day (bpd) of Russian crude oil in July, the highest since June of last year.
Canada’s largest oil and gas producer is postponing the start of production from some of its planned new natural gas wells due to persistent low prices.