Oil Firms

India is the world's third-biggest oil importer and consumer and meets almost 85 per cent of its oil requirements from overseas

Nearly half of overall expenditure would be for refineries expansion and upgrade while about 44% will be used for exploration and production of hydrocarbons, the data provided in the budget documents

Refiner Indian Oil Corp also is looking to work in Guyana in collaboration with ONGC Videsh

National auditor says state-owned companies make monthly adjustments that aren't best for saving costs, efficiency

Profit fell 15.6 per cent over the preceding June quarter when it had reported a net of Rs 15,205.85 crore

India will have to follow a delicate balancing act if the West imposes a pricing limit on supplies from Moscow

Petrol and diesel prices are down by $40-50 per barrel from month-ago levels

All dividend income prior to Ukraine war was repatriated but the one that accrued after that is stuck, said Harish Madhav, Director (Finance), Oil India Ltd, which is one of the partners in the fields

Cabinet approval would facilitate privatisation of India's second biggest oil refiner Bharat Petroleum Corp Ltd.

The government may again revive the plan for further consolidation in the public sector oil companies

India seeks to boost spending to help Asia's third-biggest economy shake-off the pandemic-fueled downturn

Benchmark copper on the London Metal Exchange (LME) traded up 0.5 per cent at $7,784.50 a tonne in official rings, nearing Friday's peak of $8,028, its highest since 2013

With lockdowns pummelling fuel demand in India, Fitch Ratings expects the marketing and refining volume of oil firms to fall by over 15 per cent this fiscal year before a gradual recovery in FY22

The discussions are at an initial stage and no agreement has been reached, the companies said Sunday

Consumption has not returned to pre-pandemic levels and lower travel may be here to stay, leading to the possibility plants may shut permanently

It's not the first time that there's only been one oil and gas company in the Dow

Refiners stop sending crude import tenders to Chinese trading firm like CNOOC, Unipec and PetroChina, among others

"Shareholders will be drowned in capital paid back by energy majors in the next 20 years," Rystad Energy said

National carrier cancels one flight, reduces load on seven others after OMCs pare supplies at six airports

SC confirmed that foreign oil exploration firms are liable to pay income tax as mobilisation charges