Oil & gas
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Chevron Canada to sell assets to Canadian Natural Resources for $6.5 bn
10 Oct 2024
US multinational oil and energy group Chevron Corporation on Tuesday announced plans to sell its Canadian assets in the Athabasca oil sands and Duvernay shale formation to Canadian Natural Resources

Hydrogen use to help lower India’s oil imports by Rs1 lakh crore by 2030
12 Sep 2024
India’s Green Hydrogen Mission has set a target of 5 million tonne annual production of green hydrogen by 2030, which would help reduce the country’s fossil fuel imports by Rs1 lakh crore

QatarEnergy to double urea output, solar power generation by 2030
02 Sep 2024
State-owned QatarEnergy is embarking on a major expansion and diversification programme, which includes doubling annual production of urea and scaling up its solar power production capacity with a new 2,000

Reliance Industries proposes 1:1 bonus issue
02 Sep 2024
Reliance Industries on Thursday announced that its board of directors are meeting on 5 September to consider an issue of bonus shares in the ratio of 1:1.

Chevron to invest $1billion in Bengaluru tech centre
22 Aug 2024
US energy giant Chevron has announced plans to invest $1 billion (around Rs8,390 crore) to set up a center of excellence for engineering and innovation in Bengaluru.

ONGC gets govt nod for Rs18,365-cr investment in ONGC Petro additions Ltd
13 Aug 2024
Oil and Natural Gas Corporation (ONGC) has received approval from the ministry of petroleum and natural gas for its planned Rs18,365-crore investment in ONGC Petro-additions Limited (OpaL).

OMCs' FY24 combined profit rises over 25-fold to Rs86,000 cr
11 May 2024
India’s state-owned oil marketing companies (OMCs) have reported a 25-fold increase in their combined profit, at Rs86,000 crore, for the financial year 2023-24

Shell to sell Singapore refining and petrochem assets to Chandra Asri-Glencore joint venture
10 May 2024
British multinational oil and gas company Shell Plc on Wednesday said it has agreed to sell its entire stake in Singapore refinery and petrochemicals business to a joint venture between Indonesian

BP-Eni joint venture Azule acquires 42.5% stake in Namibia offshore oil bloc
06 May 2024
Azule Energy, an equal joint venture between BP and Italian oil major Eni for their Angolan business, has signed an agreement with Rhino Resources of Namibia for a 42.5 per cent interest in the country’s offshore oil bloc in the Orange Basin.

Chevron, Hess expect to complete merger this year despite dispute over Guyana oil bloc
30 Apr 2024
US multinational oil and gas company Chevron Corporation and its lesser peer Hess Corporation are reported to be going ahead with their planned merger despite arbitral proceedings launched by Exxon Mobil Corp over the ownership of Stabroek oil block in Guyana.