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OIL AND NATURAL GAS
ONGC to revive Venezuela oilfieldONGC Videsh will invest $200 million to revive Venezuela's San Cristobal oilfield. The company secured a US license for continued operation...- $20 million: The cost of shipping oil through Strait of Hormuz, TotalEnergies CEO saysShipping oil cargoes via the Strait of Hormuz costs approximately twenty million dollars. This significant freight expense creates wide mar...
- Iran threatens 45 tankers with fines, confiscation in Hormuz escalationIran has blacklisted forty-five tankers for violating its Strait of Hormuz transit rules. The Persian Gulf Strait Authority announced these...
- Iran digs up ‘tens of billions’ in gas wealth as US energy showdown heats upIran has discovered a major gas field in southern Fars province containing 7.5 trillion cubic feet of gas, with 5.7 trillion cubic feet rec...
- Markets brace for more hawkish ECB as energy risks threaten to keep inflation elevatedMarkets are increasingly pricing in a more hawkish European Central Bank as geopolitical tensions, elevated energy costs and depleted gas i...
- US billionaires are piling millions into Argentina's Shale boom, here’s what is driving itAmerican billionaires are increasing investments in Argentina's Vaca Muerta shale basin. Harold Hamm's Continental Resources plans a $4 bil...
- Centre pushes states to speed up PNG adoption, seeks district-level officers to drive LPG-to-gas transitionThe Petroleum Ministry is urging states to appoint district-level officers for PNG adoption. This move aims to accelerate the transition fr...
- Bangladesh's gas crisis hits factories, homes and transportIn the face of an acute natural gas scarcity, Bangladesh is witnessing the shutdown of key fertiliser plants, impacting hundreds of factori...
- Hardeep Puri hails Assam Hydrocarbon Policy as landmark initiative; policy comes into forceWelcoming the policy, Puri said the initiative would put the Northeast on the path of fast-paced development while helping unlock Assam’s u...
- US Iran war: Hormuz ship crossings hover in single digits, data showsShip crossings at the Strait of Hormuz decreased on Thursday. This decline occurred amid growing concerns for Middle East shipping routes. ...
- July core growth down to 5.4% as iron ore, power lose steamIndia’s core sector growth slowed to 5.4% in July from 6% in June, with weaker iron ore, steel and electricity output and contractions in f...
- India enters 'long-term arrangement' with Mauritius to supply petrol, diesel and aviation fuelIndia has signed a long-term supply arrangement with Mauritius for petrol, diesel and aviation fuel, strengthening energy cooperation betwe...
- India reworks oil map with Venezuela as Hormuz battlefield keeps Gulf flows in doubtIndia is increasing crude oil imports from Venezuela and Latin America. This diversification aims to secure supplies amid Middle East disru...
- Oil giants pool capital to ignite energy deeptechThe MC2+Ignite accelerator, in partnership with IIT Madras, will select about 30 startups at the prototype-to-early-pilot stage. The focus ...
- Government offers cheaper domestic gas to city gas distributors to boost PNG connectionsThe government will provide cheaper domestic gas to distributors. This incentivizes converting inactive piped natural gas meters into worki...
- ONGC successfully commissions gas evacuation facilities at Khoraghat GGS-1 in Assam's GolaghatONGC has commissioned gas evacuation facilities at Khoraghat GGS-1 in Assam. This development enables surplus natural gas to be processed a...
- Strait of Hormuz shipping slows sharply after tanker attacksShipping through the Strait of Hormuz slowed significantly over the weekend. This decline followed attacks on tankers and stalled United St...
- Government fixes LPG production targets for refiners, Reliance gets largest shareIndia has set maximum LPG production targets for refineries and upstream companies. This move aims to build a domestic supply buffer after ...
- UAE says Iran attacked ADNOC vessel in Strait of HormuzThe United Arab Emirates reported an Iranian attack on an oil company vessel. No injuries occurred, and the situation was reportedly under ...
- India named first official partner country at Russian Energy WeekIndia will be the first official partner country at Russia's Energy Week forum. This partnership aims to attract greater Indian investment ...
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