Page 4 - Oil And Gas Sector

Oil major Exxon Mobil plans to lower greenhouse gas emissions by 2025

The world's top oil and gas firms are under heavy pressure from investors and climate activists to meet the 2015 Paris climate goal

Oil & Gas shares in focus; ONGC, Oil India, Gail rally up to 10%

On Thursday, Brent Crude prices crossed $50 per barrel-mark for the first time since March on demand recovery and hopes of Covid-19 vaccine

Commodity rally to create new winners and losers in coming quarters

Metal & mining firms to gain; others may see margins contract

Gas distribution stocks rally after PNGRB simplifies gas pipeline tariff

Gujarat Gas soared 19%, Indraprastha Gas hit 10% upper circuit, while Mahangar Gas, Adani Gas and GSPL were up between 9% and 18% on the BSE

Mukesh Ambani among world leaders to discuss post-Covid economic recovery

Reliance head Mukesh Ambani and Indian Oil Corp Chairman Shrikant Vaidya will join over 30 world leaders from oil, gas and petrochemical industries to discuss post-Covid-19 economic recovery

Adani, European major Snam tie up to explore shift to biogas, biomethane

The two firms will form JV for setting up a CNG compressor making unit in India

More reforms in offing to lift pvt participation in energy sector: Oil secy

With oil prices slumping after the pandemic pummelled fuel demand, upstream producers such as ONGC asked the government to cut oil cess and royalty

GAIL, ONGC look to firm up strategies for low oil and gas price regime

India aims to more than double its gas consumption by 2030

PM Modi to interact with CEOs of leading global oil, gas firms on Monday

The objective behind the meeting is to deliver a global platform to understand best-practices, discuss reforms, and inform strategies for accelerating investments into the Indian oil & gas value chain

Liberty Steel restarts production at Adhunik facility, restores 1,500 jobs

Adhunik will transition into GREENSTEEL - a model combining steel recycling with low carbon and renewable power sources - to create a more sustainable competitive operation

IIT alumni Prachur Sah appointed as new Deputy CEO of Cairn Oil and Gas

Cairn Oil & Gas, a unit of Vedanta Ltd, on Tuesday announced the appointment of Prachur Sah as its Deputy Chief Executive Officer. Prachur Sah earlier held the role of Director - New Ventures and spearheaded the company's expansion efforts under the Open Acreage Licensing Policy (OALP) rounds, the company said in a statement. Prachur brings over two decades of rich experience in the energy sector and joined Cairn Oil & Gas in 2018 from Schlumberger where he was the Managing Director India & Bangladesh. An alumni of IIT Bombay, he has worked in several countries including South Asia, Middle East and Latin America and brings with him a deep understanding and experience of the oil and gas business. "In his new role, Prachur will lead the next phase of growth for Cairn towards delivering volumes, cost, growth projects, rewards and recognition and early monetisation (new blocks)," it said. He will be supported by the Management Committee of Cairn Oil & Gas comprising of ...

Oil and gas sector's CEOs club gains a rare new member: A woman

Premier Oil, Chrysaor's reverse merger will double the no. of women holding the top job at London-listed oil firms to 2

Retrospective tax: Cairn example shows why FDI in oil & gas is in a mess

The retrospective tax controversy was highlighted by Vodafone, but Cairn Plc's continuing problems point to the impact this law has had on FDI in India's oil and gas sector

Lenders to consider Videocon promoters' application for debt resolution

If the lenders agree to the proposal made by VIL's promoters, then it will be one of the first big ticket debt resolution by the lenders via Section 12A of the IBC

Pradhan invites US cos to engage in developing gas infrastructure in India

Union Minister of Petroleum and Natural Gas and Minister of Steel Dharmendra Pradhan on Thursday discussed 'Strategic Energy Partnership' during video conferencing with Kenneth Juster, the US Ambassador to India, and invited the US companies to engage more intensely in developing the gas infrastructure in India.Informing about the same in series of tweets, the Ministry of Petroleum and Natural Gas said that, the Minister also reviewed the strategic petroleum reserves' cooperation initiated in June this year."Minister of Petroleum & Natural Gas and Minister of Steel Dharmendra Pradhan had a discussion through VC with Kenneth Juster, the U.S. Ambassador to India on India-U.S Strategic Energy Partnership.The U.S. Ambassador to India recognized that the energy component is emerging as a key constituent of the India-US strategic partnership," tweeted the Ministry."Minister Dharmendra Pradhan invited US companies to engage more intensely in developing the gas infrastructure in the ...

Insurance may get 'strategic sector' tag under new privatisation policy

Other sectors that could get the 'strategic' tag are railways, oil and gas, defence, space and atomic energy

GAIL: All-round show leads to robust Q4, analysts upgrade estimates

Realisations surprised positively, and transmission volumes too, didn't see significant impact of lockdown

India aims to double refining capacity to 500 MT by 2030: Pradhan

The country already has the world's largest refinery project in the West Coast of India, work on which will start soon, the minister said

BP wipes up to $17.5 billion from assets with bleaker oil outlook

Like its rivals, the British oil major is set to take a big hit to revenue from an unprecedented collapse in demand due to the pandemic.

How govt's late afterthoughts and claims have haunted oil and gas sector

Problems in production-sharing agreements with the government have haunted private oil and gas companies for years