India’s government-owned energy company Oil & Natural Gas Corporation (ONGC) has placed two orders deemed “large” with compatriot company Larsen & Toubro related to subsea work.
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India's Petroleum and Natural Gas Regulatory Board (PNGRB) released a draft proposal for improving regulatory control over the country's liquefied natural gas (LNG) terminals, as per S&P Global Commodity Insights (GPI), ANI reported.
Egypt is looking to raise its target for the renewable share of energy generation to 58% by 2040 in an updated strategy for expanding green power, Electricity Minister Mohamed Shaker said on Saturday.
Iran has overtaken Kuwait and Nigeria to be the fourth largest crude/condensate exporter of OPEC.
Canada’s GDP grew by 0.3 per cent in April, according to Statistics Canada. The agency said 15 out of 20 sectors it monitored all grew, but wholesale trade, mining, quarrying and oil and gas contributed the most.
A price revision has been made for commercial LPG by oil marketing companies, while also keeping domestic cooking gas rates unchanged, according to a source. The monthly revisions for both commercial and domestic LPG gas cylinders occur on the first day of every month, with new rates being implemented from 1st June.
The weekly price of the OPEC basket of twelve crudes rose by 13 cents during the week ending on June 27.
Top oil exporter Saudi Arabia may cut prices for crude grades it sells to Asia for a second month in August, tracking weakness in Middle East benchmark Dubai, trade sources said on Friday.
Indian Oil Corporation Ltd is quoting at Rs 163.22, down 0.64% on the day as on 13:19 IST on the NSE. The stock jumped 80.06% in last one year as compared to a 26.38% rally in NIFTY and a 67.22% spurt in the Nifty Energy index.
The Iranian National Gas Company (NIGC) and the Russian company Gazprom signed a memorandum of understanding today for gas transfer from Russia to Iran.
ONGC (Oil and Natural Gas Corporation) and IOC (Indian Oil Corporation) have partnered to establish a LNG plant in Madhya Pradesh, aiming to enhance regional energy infrastructure and meet the growing demand for clean energy.
Iran unveiled the digital currency “CBDC” in a ceremony on Sunday attended by Governor of the Central Bank of Iran (CBI) Mohammad Reza Farzin and some senior CEOs of the country’s banks.
U.S. West Coast refiners are replacing their heavy Iraqi oil imports with cheaper crude from Canada as the newly expanded Trans Mountain pipelinereshuffles trade flows across the Pacific.
Managing director of the National Iranian Oil Company (NIOC), Mohsen Khojastehmehr, says a license has been issued which allows the National Iranian Drilling Company (NIDC) to spend as much as 800 million dollars in purchasing drilling rigs as well as drilling related equipment and services.
Shares of Indian Oil Corporation Ltd. traded 0.17 per cent up in Monday's trade at 12:22PM (IST). Around 933,990 shares changed hands on the counter.
In a joint meeting, the Energy Ministers of Iran and Belarus emphasized the readiness of the two countries regarding cooperation in the field of gas turbine production.
The members of the Shanghai Cooperation Organization (SCO) have stressed the need to enhance cooperation in the areas of production, transmission, and consumption of energy.
India's oil imports from Russia rose to a record of about 2.1 million barrels per day (bpd) in May as discounts for Russian oil widened on lower demand from China, according to trade sources and shipping data.
In a diplomatic exchange, President Ranil Wickremesinghe and Indian External Affairs Minister Dr. S. Jaishankar led bilateral discussions at the President’s House. The joint energy projects between India and Sri Lanka took centre stage during these discussions.
The weekly price of OPEC basket of twelve crudes rose by 2.04 dollars during the week ending on June 20.