Search For "oil production"
ONGC declares highest ever standalone profit in FY24
Updated : 1 year, 10 months ago IST
The consolidated net profit of the company is also highest at Rs 57,101 crore in FY24. The crude oil production of the company has surged by 2.4 per cent quarterly to 5.359 MMT in Q4 FY24.
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Tripura's palm oil production push: One lakh saplings prepared in nursery
Updated : 1 year, 10 months ago IST
The Tripura government in collaboration with private agencies is striving towards the production of oil palm at a commercial scale.
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Russia's gas production rises to 196 billion cubic metres
Updated : 1 year, 10 months ago IST
"In March 2024 alone, Russian companies produced 65.4 billion cubic metres, an increase of 7.9 percent over March 2023," according to a Russian Ministry of Energy source.
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Commodity watch: Global trends unveiled for OPEC Adjusts, EU carbon plumme
Updated : 2 years ago IST
In its monthly market outlook, OPEC made slight adjustments to its members' required oil production estimates, trimming the "call" on its crude by 90,000 barrels per day (b/d) in 2024 and 110,000 b/d in 2025 compared to January's figures. Despite this, OPEC remains bullish on global consumpt
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"First oil extracted...30 kilometres off the coast of Kakinada in Krishna
Updated : 2 years, 2 months ago IST
State-owned oil company ONGC has commenced "first oil" production from Krishna Godavari Deep-Water Block 98/2 in the Bay of Bengal, marking new crude discovery in the country.
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"Remarkable step in India's energy journey": PM Modi after ONGC fired up o
Updated : 2 years, 2 months ago IST
PM Modi also said that the development will boost the mission of a self-reliant India.
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ONGC commences 'First Oil' production from flagship deep-water asset
Updated : 2 years, 2 months ago IST
Union Minister for Petroleum and Natural Gas and Housing and Urban Affairs Hardeep Singh Puri took to X and said that it was the "First Oil" production commenced from the complex and difficult deepwater KG-DWN-98/2 Block, situated off the coast of Bay of Bengal.
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Global oil diplomacy 2024: Abundant crude supplies offer Biden strategic l
Updated : 2 years, 2 months ago IST
As per S&P Global, while US gasoline prices hold significance in an election year, experts suggest that increased global oil supplies, driven in part by enhanced US oil production, provide the administration with some flexibility in its approach to geopolitical challenges.
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India's energy odyssey: Navigating global oil challenges and forging a sus
Updated : 2 years, 2 months ago IST
The International Energy Agency's (IEA) Oil Market Report (OMR) stands as a beacon of insight into this labyrinthine landscape, offering authoritative data and timely analysis.
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Fitch Ratings anticipates Palm Oil price dip in 2024 amidst weather-fuelle
Updated : 2 years, 3 months ago IST
According to the Fitch Ratings report, this forecast is rooted in the expectation of increased palm and vegetable oil production, attributed to favourable weather conditions coinciding with a shift in global weather patterns.
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Energy crossroads: The pinnacle and peril of peak oil
Updated : 2 years, 4 months ago IST
While this might seem like a natural part of resource utilization, the idea of peak oil has far-reaching implications and has generated both hope and fear in various quarters.
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Govt hikes windfall tax on domestic crude, reduces levy on export of diese
Updated : 2 years, 6 months ago IST
As per the Gazette of India, the Ministry of Finance, Department of Revenue, issued two notifications, amending previous taxation rates. According to the notifications, the windfall tax on domestic crude oil production has been increased significantly, while levies on the export of aviation
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