ONGC eyes 100-fold growth in clean energy spendIndia’s Oil and Natural Gas Corp. plans to significantly increase its investment in renewable energy projects, with a focus on achieving 10...
12 Feb, 2025, 04.02 PM IST
Green hydrogen prices will remain stubbornly high for decadesHydrogen companies worldwide are already struggling with canceled projects and sluggish demand. In the US, billions of dollars of projects ...
24 Dec, 2024, 10.07 AM IST
ONGC Videsh to acquire stake in ACG oil field, AzerbaijanAccording to a press release, the agreement encompasses the acquisition of a 0.615 per cent participating interest (PI) in the ACG field an...
19 Jul, 2024, 05.34 PM IST
A giant carbon dump gives glimpse into net-zero futureIn theory, carbon capture and storage, or CCS, offers the ultimate climate hedge for fossil fuel producers, albeit at a cost of perhaps $10...
09 Jul, 2024, 10.04 AM IST
How a small crack in a pipeline gave a big jolt to Europe’s gas marketRepair efforts are ongoing for a pipeline on a Norwegian gas platform, highlighting the potential for even minor outages to impact European...
06 Jun, 2024, 08.53 PM IST
Maersk sees Red Sea shipping chaos lasting for monthsHouthi attacks on merchant ships have caused widespread avoidance of the southern Red Sea by the merchant fleet moving everything from manu...
23 Dec, 2023, 10.01 AM IST
Hydrogen greenwashing stalks EU net zero plansEuropean utilities plan to build gas-fired plants that could be converted to burn green hydrogen in the future. The move could help countri...
01 Apr, 2023, 11.41 PM IST
This decade's oil boom is moving offshore - way offshoreOffshore production sites are more expensive to build than onshore shale, the last decade's investment darling. But once they are up and ru...
31 Aug, 2022, 10.57 AM IST
Stocks in the news: Bajaj Auto, HUL, Axis Bank, ONGC, IEX and TV18 BroadcastHindustan Unilever reported a 5.34 per cent increase in its consolidated net profit to Rs 2,307 crore for the fourth quarter ended in March...
28 Apr, 2022, 10.27 AM IST
ONGC inks MoU with Norway's Equinor for E&P, clean energyThe agreement is "for collaboration and partnership in areas of upstream exploration and production, midstream, downstream and clean energy...
27 Apr, 2022, 06.10 PM IST
Exxon Mobil to exit Russia, leaving $4 billion in assets, Sakhalin LNG project in doubtThe decision will see Exxon pull out of managing large oil and gas production facilities on Sakhalin Island in Russia's Far East, and puts ...
02 Mar, 2022, 09.07 AM IST
Asian shares slip, oil surges again as Russia sanctions biteAsian stocks came under renewed pressure on Wednesday and oil prices jumped after rising worries about the impact of aggressive sanctions a...
02 Mar, 2022, 07.33 AM IST
Ida's fury hits US oil production, gasoline suppliesHurricane Ida knocked out at least 94% of the offshore Gulf of Mexico oil and gas production and caused "catastrophic" damage to Louisiana'...
31 Aug, 2021, 08.43 AM IST
Big oil loses refining crutch with margins crushed last quarterThe third quarter will provide little respite to the supermajors with three out of the five expected to post losses.
25 Oct, 2020, 04.48 PM IST
Asia's oil giants are planning for a future with less crude, more hydrogenIndian Oil Corporation - the company that sells almost half the oil products in India - will deploy 50 buses around the capital powered by ...
16 Sep, 2020, 03.33 PM IST
Oil mixed as storm threatens US gulf productionU.S. West Texas Intermediate (WTI) crude futures were up 9 cents, or 0.2%, at $37.42 a barrel by around 0050 GMT. Brent crude was down 3 ce...
14 Sep, 2020, 08.38 AM IST
Escalating U.S.-China tensions weigh on European stocksThe pan-European STOXX 600 index fell 1.5%, on track for its biggest one-day drop in a month, pushing it into losses for the week.
24 Jul, 2020, 01.24 PM IST