Oil & gas

India’s core sector output expands by 6.7% in February
01 Apr 2024
Core sector industrial production in India expanded by 6.7 per cent in February 2024, on the back of increased production of coal, natural gas, cement, steel, crude oil, electricity and petroleum refinery products, provisional figures released on Thursday showed.

China's CNOOC finds 100 million tonne oil reserves in South China Sea oilfield
09 Mar 2024
China National Offshore Oil Company (CNOOC), the state-owned Chinese oil giant, on Friday reported a major oil field discovery in Kaiping South in the deep-water of the South China Sea.

Govt announces Rs100 per cylinder cut in LPG prices on Women's Day
08 Mar 2024
The central government has announced a Rs100 per cylinder reduction in the price of cooking gas (LPG), in a move that will benefit over 100 million households across the country.

India, Qatar revive LNG deal with new 20-year term contract
07 Feb 2024
India and Qatar on Tuesday announced the signing of a fresh 20-year contract under which Qatar will supply 7.5 million tonnes of liquefied natural gas (LNG) to India annually for 20 years.

RIL to convert its 5,000 diesel trucks to green hydrogen-powered trucks
05 Feb 2024
Reliance Industries Ltd (RIL) is planning to convert its internal fleet of nearly 5,000 diesel-powered trucks into green hydrogen-powered trucks as part of the company’s green initiatives.

HPCL commissions 14 tpd compressed biogas plant in UP’s Badaun district
01 Feb 2024
Hindustan Petroleum Corporation Ltd (HPCL) has commissioned a 14 tonnes per day compressed biogas (CBG) plant at Badaun in Uttar Pradesh

Saudi govt directs Aramco to limit refining capacity to 12 million barrels a day
30 Jan 2024
Saudi Arabia's government on Tuesday ordered state oil company Aramco to halt its capacity expansion plan and to rein in production to a sustainable level of 12 million barrels per day (MPD)

Exxon Mobil struggles with a $2.5 billion California offshore exit
09 Jan 2024
Exxon Mobil is set to write down approximately $2.5 billion related to its troubled California properties, marking a move to cease offshore oil production in the state after five decades.

ONGC starts oil production from deep water KG basin block
09 Jan 2024
State-owned oil and natural gas explorer, Oil and Natural Gas Corporation (ONGC), on Monday (8 January) announced the start of production of "First Oil" from the deep-water block in Krishna Godavari (KG) basin, in the East Coast of India.

Gail and Vitol sign 10-year LNG supply contract
08 Jan 2024
Gail (India) Limited and Vitol Asia Pte Ltd on Friday announced the signing of a long term LNG supply contract, under which the Switzerland-based Dutch trading company will supply a million tonnes of LNG