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INDIA OFFSHORE OIL AND GAS
Union Cabinet approves Samudra Manthan scheme, Rs 84,084 crore push for deepwater oil and gas explorationThe Union Cabinet has approved the Samudra Manthan mission with a financial outlay of Rs 84,084 crore, aimed at boosting deepwater and ultr...- IndianOil set for board revamp as govt proposes four MD positionsThe government plans to restructure Indian Oil Corporation's board. Four managing director positions will replace the current structure. Fu...
- Shell's Q2 profit more than doubles to $9.8 billion, beats estimatesShell reported a significant profit increase in the second quarter, reaching $9.84 billion. Higher energy prices and market volatility cont...
- Vedanta Oil & Gas shares dip 4% despite becoming profitable in Q1Vedanta Oil & Gas shares fell despite the company reporting a sharp turnaround in Q1 FY27, posting a consolidated net profit of Rs 945 cror...
- Vedanta Oil & Gas Q1 Results: Co swings to black with Rs 945 crore profit, revenue up 9% YoYVedanta Oil & Gas posted a Rs 945 crore net profit for Q1 FY27. This marks a significant turnaround from the previous year's net loss. The ...
- India's top refiner IOCL scouts stakes in gas carriers as it plans higher US importsIndian Oil Corporation is seeking to acquire a fifty percent stake in very large gas carriers. This move prepares the company for increased...
- BHEL bags order for 8 gas turbines from Nigeria's Dangote RefineryBharat Heavy Electricals Limited has secured a significant order from Nigeria's Dangote Refinery. This order involves supplying eight gas t...
- New Zealand grants first offshore petroleum permit since reversing exploration banNew Zealand's government has issued its first offshore petroleum exploration permit. This action follows the reversal of a ban previously i...
- Rupee strengthens as crude oil prices fallThe Indian rupee strengthened against the dollar on Tuesday, closing at 95.84 per dollar. This gain followed a sharp rise on Monday, suppor...
- ONGC approves guarantee to MRPL to import crude oil from Saudi AramcoONGC approved a $500 million parent company guarantee for its subsidiary MRPL. This guarantee facilitates crude oil imports from Saudi Aram...
- Govt plans Rs 80,000 crore package to attract deepwater oil explorersIndia plans an Rs 80,000-crore incentive package for deepwater oil exploration. The government will fund up to half the cost of drilling ex...
- In 2007, scientists found giant underwater domes off California; the truth was stranger than anyone expectedMysterious underwater domes off California were identified as ancient asphalt volcanoes. These formations originated from hardened crude oi...
- Stocks in news: IDFC Bank, Maruti Suzuki, ONGC, BoB, Adani EnergyIn today's trade, shares of IDFC Bank, Maruti Suzuki, ONGC, BoB, Adani Energy among others will be in focus due to various news development...
- ONGC starts drilling first deepwater well in Mahanadi basin under Samudra Manthan missionONGC began drilling its first deepwater exploratory well in the Mahanadi offshore basin. This ambitious campaign aims to tap India's vast h...
- India to build Phase-II strategic oil reserves at Rs 14,527 cr under PPP modelIndia plans a second phase for its strategic petroleum reserves. This expansion will add 6.5 million tonnes of crude oil storage. Two new f...
- Indian seamless pipe manufactures add USD 1.4 bn in forex annually: Industry bodyIndian seamless pipe manufacturers contribute USD 1.4 billion annually in foreign exchange. This significant contribution comes from import...
- Delhi HC dismisses Vedanta's plea against refusal to extend western offshore oil block contractIn a significant ruling, the Delhi High Court has dismissed Vedanta Limited's request in response to the Ministry of Petroleum's refusal to...
- Vedanta Oil & Gas shares fall over 3% after firm discloses two legal matters involving ONGC, GoIVedanta Oil & Gas share slipped on Wednesday after the company disclosed two legal matters involving the Directorate General of Hydrocarbon...
- UAE to invest $6.2 bn in Abu Dhabi gas projectAbu Dhabi's state oil company ADNOC will invest $6.2 billion in a new gas project. This offshore development is a joint venture with intern...
- Reliance-BP’s KG-D6 gas output falls 7% in June quarter as natural decline continuesNatural gas output from the KG-D6 fields operated by Reliance and BP has seen a year-on-year decline of approximately seven percent, with t...
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