Oil & gas
McDermott wins $4.5 billion EPCI contracts from Saudi Aramco
12 Jul 2019
The contracts involve construction of a gas-oil separation platform, compression and accommodation facilities, in a consortium with China Offshore Oil Engineering Company, worth $3.0 billion, and construction of offshore gas facilities and pipelines worth $1.5 billion
ONGC Videsh, partners to invest $20bn in Mozambique LNG project
20 Jun 2019
ONGC Videsh holds a 16 per cent stake in the Mozambique Rovuma Area-1 Offshore Project, while Bharat PetroResources Ltd the investment arm of Bharat Petroleum Corporation Ltd, and Oil India Ltd also hold stakes in the project
Saudi Aramco’s 2018 net income zooms to $111.07 billion
12 Jun 2019
Saudi Aramco, the world’s largest integrated oil and gas company producing one in every eight barrels of crude oil globally, said its earnings before interest, taxes, depreciation and amortisation for the year stood at SAR 839 billion ($224 billion) while its return on average capital employed stood at 41 per cent
Panel suggests higher price for domestic gas to reduce imports
22 May 2019
With petroleum imports of Rs702,837 crore, forming 23.42 per cent of the country’s total imports of Rs3,001,020 crore during 2018, out-of-box solutions and R&D are needed to ensure the country’s energy security
US cannot ensure cheaper oil to India, says Wilbur Ross
06 May 2019
Ross, who is in India, leading a 100-member strong delegation of top US companies from sectors such as aviation and defence, energy, healthcare, digital services, automotive, consumer goods and agribusiness looking for what India has to offer
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