Oil & gas
Larsen & Toubro secures $1.5 billion contract for Saudi Aramco’s carbon capture project: report
25 Feb 2025
Larsen & Toubro Ltd is reported to have secured a $1.5 billion contract from Saudi Aramco for construction of the first phase of its Carbon Capture and Storage (CCS) project.
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Saudi Aramco to acquire 25% stake in Philippines’ Unioil
21 Feb 2025
Saudi Arabia’s Aramco, one of the world’s leading integrated energy and chemicals companies, is acquiring a 25 per cent interest in Unioil Petroleum Philippines, the largest oil marketing company in the Philippines.
KG Basin arbitral award a sham, says Delhi High Court
16 Feb 2025
The Delhi High Court has held the arbitral award passed in favour of Reliance Industries Ltd in the Krishna-Godavary Basin dispute as patently wrong and illegal
Oil edges upward, but ambiguity over sanctions restrains momentum
15 Jan 2025
Oil prices rose on Wednesday, reversing a part of an earlier session’s decline. The reason – apprehensions over potential disruptions tied to sanctions on Russian oil tankers
Oil prices rise as US sanctions target Russian exports to China and India
13 Jan 2025
Oil prices continued their upward trajectory for the third consecutive session on Monday, with Brent crude crossing $80 per barrel for the first time in over four months.
Saudi Aramco and Sonatrach announce significant LPG price cuts
09 Jan 2025
In a move set to impact global energy markets, Saudi Aramco and Algeria’s Sonatrach have announced substantial price cuts for liquefied petroleum gas (LPG)
BP Eyes 44% boost in oil production from India’s largest field, says ONGC
09 Jan 2025
India’s largest oil and gas field, located off the country’s west coast, is set for a major output surge, as energy giant BP commits to ramping up oil production
Oil prices surge amid Russian and OPEC supply cuts, US crude stocks decline
08 Jan 2025
Oil prices climbed on Wednesday as tightening supplies from Russia and OPEC members combined with a drop in US crude oil inventories.
ONGC partners with BP to boost production at Mumbai High Field
08 Jan 2025
India’s biggest oil and gas explorer, Oil and Natural Gas Corporation (ONGC), has teamed up with global energy giant BP to enhance oil and gas production from the Mumbai High offshore field
Russian gas supply to Europe via Ukraine halts as transit deal ends
01 Jan 2025
Russia has been forced to halt gas supplies to Europe as a five-year gas transit deal with Ukraine expired on 1 January 2025 and Kiev refused to extend it any further.
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