Oil & gas

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.

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)

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