Page 4 - Oil Companies

DGH overhauls oilfield approval processes, cuts down statutory approvals

GH has made it easier for firms to explore and produce oil and gas in the country by limiting the requirement of statutory approvals to only extension of contracts

Getting a breather: High commodity costs give debt relief to PSUs

Combined net debt stood at Rs 6.83 trillion at the end of March 2021

Oil firms as demand hopes outweigh rise of COVID-19 variant

Brent crude futures were up 50 cents, or 0.7%, at $75.18 a barrel by 1400 GMT, having slumped by 2% on Monday.

OVL on an oil slick, struggles with geopolitical and domestic challenges

Covid-19 has added to these issues. It has not only impacted the demand for fuel but also made the acquisition process slower.

DSF Round 3 auctions: 32 contract areas comprising 75 discoveries on offer

Production at DSF-1 Elao field expected to start in a week

RIL's oil-to-chemicals business recovers but second wave a challenge

The company's oil and gas production is hinging on output at its satellite fields. It is minuscule compared to its big-bang entry into this segment in the late 1990s

Major Chinese investors in talks to buy stake in Saudi's oil firm Aramco

Saudi Arabia's state oil firm Aramco prepares to sell a slice of its business to international investors

Next leg of Ujjwala scheme to focus on affordability of LPG: Oil ministry

Oil companies wait to recover around Rs 4,500 cr from existing PMUY beneficiaries

Fuel prices cut for first time in a year ahead of Assembly elections

Reduction, which comes ahead of Assembly elections, may not last as crude oil prices rise with Suez Canal blockage

Aramco's $75 billion dividend survives biggest oil, earnings disruptions

The world's biggest oil company has taken on more debt in the past 12 months to keep up the dividend in the face of dwindling cash flow, though its gearing remains below that of firms such as Royal Du

Saudi Aramco to cut capex after 2020 profit drops 44.4% over low oil prices

Aramco declared a dividend of $75 billion for 2020 and signalled it was seeing pickup in oil demand

Saudi Aramco 2020 net profit slumps 44.4% as coronavirus bites into demand

Saudi Arabian state oil giant Aramco on Sunday reported a 44.4% drop in 2020 net profit, hit by lower crude oil prices and volumes sold, and weakened refinery margins

Seizing Indian assets won't be easy for Cairn Energy, say experts

Experts say enforcement of the award will face a passive hurdle in Article V of the NY Convention

LPG consumption up 7.3% despite price rise: Oil companies

Usage among the PMUY beneficiaries, who are mostly poor rural households, jumped near 20 per cent

Exxon scales back shale ambitions to focus on low costs, saving dividend

The top U.S. oil producer incurred a historic loss of US$22.4 billion last year and is trying to convince a skeptical Wall Street that it can rebound

OIL to up stake in Numaligarh Refinery via debt, internal accruals

Firm is eyeing the role of a vertically integrated oil company with stake hike

India to spend Rs 7.5 trillion on oil and gas infra in next 5 yrs: PM Modi

Noting that India imports over 85% and 53% of its oil and gas requirements, respectively, the PM says the country is working to meet growing energy demand and prune imports

Covid-19 crisis: BP reports first loss in a decade after 'brutal' year

For the last quarter of 2020, BP reported a profit of $115 million, falling short of analysts' forecasts due to weak oil and gas sales and subdued trading, it said on Tuesday

Exxon posts first annual loss as a public company on Covid-19 impact

The company reported a net annual loss of $22.4 billion for 2020, on the write down and losses in oil production and refining, compared with a full-year profit of $14.34 billion in 2019

Petrol stable after breaching Rs 86 a litre in Delhi, diesel crosses Rs 76

Rates differ from state to state, depending on value-added tax. Petrol and diesel prices are revised on a daily basis