Oil & gas
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
India hikes windfall tax on crude, eliminates tax on diesel and ATF
03 Jan 2024
Government of India on Monday announced an increase in the windfall tax levied on locally-produced crude petroleum while doing away with the tax on diesel and aviation turbine fuel (ATF).
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ONGC considers oil as an option to recover $600 million from the Venezuelan dividend
03 Jan 2024
ONGC Videsh, the overseas investment arm of India’s Oil and Natural Gas Corp., is actively considering alternatives, including the allocation of oil by Venezuela’s state oil company, PdVSA, to reclaim its outstanding $600 million dividend.
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Russian crude ships change course amid concerns over oil payments
02 Jan 2024
Several vessels transporting crude oil from Russia, previously idling off the coast of India, are now changing their course eastward, raising concerns about oil payments to Moscow and resulting in a decline in arrivals.
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ExxonMobil hands over operations of Iraqi oil field to PetroChina
02 Jan 2024
US oil giant ExxonMobil has exited the West Qurna 1 oilfield in southern Iraq and handed over its operations to PetroChina as the principal contractor, reports citing an Iraqi deputy oil minister said on Monday.
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