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Public sector oil firms to invest Rs 76L cr on project expansion in FY16

<b>New Delhi:</b> State-run oil firms including Oil and Natural Gas Corp (ONGC) will invest over Rs 76,565 crore on the project expansion during 2015-16, up …

India

Cairn India halves FY16 Capex due to low oil price

Cairn India Ltd. (CIL), an independent exploration and production company with over 20 years active role in developing India’s oil and gas resources, …

Oil & Gas Industry

Oil price fluctuates as China lowers growth target

Crude oil futures have swung between gains and losses so far in today’s trading session. Traders have been assessing lower economic growth estimates …

Oil

BRICS Apart as Oil Prices Plunge

The oil price plunge since last June has been deemed, overall, as a boon for the global economy. However, that depends on where one stands as a …

Ruble strengthens to 10-week high on firmer oil, ECB €1.14trn stimulus

Russian analysts suggest ruble growth is being mostly driven by the stabilization of Russia’s financial market. The growth comes <i>“partly due to the</i> …

UPDATE 2-Lukoil predicts 8 pct Russian oil output decline in next two years

* Lukoil’s Fedun says drilling to drop steeply in Russia<p>* Refining hit by new tax changes, some refineries to close<p>* Sees oil prices returning to $80-$100/bbl by year end (Adds quotes, details, context)<p>By Dmitry Zhdannikov<p>LONDON, March 3 (Reuters) - Russian oil output is expected to fall 8 percent …

Oil

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Want access to premium content? Login Here<p>Shell Perdido Custom Publication<p>The Perdido team faced a tough decision. A conventional topsides design …

Climate

Petrol Price Breakup in India

Previous<p>Next<p>Here is the detailed explanation of Petrol Price breakup in india. The Infographic explains the petrol price breakup starting from the …

Gasoline

Guess what country's energy sector is up 22%

Most investors are probably steering clear of the global energy sector these days—nearly every country has seen their oil and gas sectors fall—but …

Petrobras to sell $13.7 billion in assets in 2015 and 2016

SAO PAULO (Reuters) - Petróleo Brasileiro SA plans to dispose of as much as $13.7 billion in assets this year and next as part of efforts by Brazil’s largest state-controlled company to reduce debt and protect cash.<p>The Petrobras logo is seen in a refinery in Cubatao February 24, 2015. REUTERS/Paulo …

Oil & Gas Industry

India's Feb Iran oil imports fall to lowest since July 2013

* No March bookings of Iran oil shipments by India so far -trade<p>* MRPL buys from Kuwait, Saudi Arabia to replace Iran oil -source<p>By Nidhi Verma<p>NEW DELHI, March 2 (Reuters) - India slashed its Iranian oil imports in February to a 1-1/2-year low to keep annual volumes from Tehran near the previous …

Oil

Brazil's Real Falls Due to Weakening Economy | The Rio Times

By Lise Alves, Senior Contributing Reporter<p>SÃO PAULO, BRAZIL – Brazil’s currency, the real, fell to its weakest level against the U.S. dollar since …

Yahoo is now part of Oath

Before you continue...<p>Yahoo is now part of the Oath family. Due to EU data protection laws, we (Oath), our vendors and our partners need your consent …

Petrol Prices Up by Rs 3.18/Litre, Diesel by Rs 3.09/Litre

Petrol and diesel prices were hiked for the second time in February. Saturday's hike, coinciding with the Union Budget, was a hefty Rs 3.18 per litre …

Russia Invites China to Explore Arctic, Siberian Oil and Gas Fields

© Sputnik / Sergey Eshenko<p>Arctic Indigenous Peoples Need Protection Amid Growing Oil, Gas Industry<p>Ekaterina Blinova — Russia is strengthening its …

Low Oil Price May Stifle Deepwater Drilling And Oil Sands But Not Fracking

Saudi Arabia and OPEC may have dropped oil prices to stifle production in the U.S. and other competing nations, but they didn’t drop it enough to stifle the U.S. oil and gas boom from fracking, a senior expert with McKinsey and Company said in Chicago.<p>“If the Saudis think they’re going to put U.S. …

Oil & Gas Industry

Russia may accept majority Chinese control of oil and gas fields - Business

Russia may consider allowing Chinese investors more than 50 percent stakes in its strategic oil and gas fields, an official said on Friday, an …

Oil

ExxonMobil admits $1bn lost from anti-Russia sanctions

<i>“In 2014, the European Union and United States imposed sanctions relating to the Russian energy sector. In compliance with the sanctions and all</i> …

GCC banks to come under pressure from oil slump

The global banking system will probably benefit from the dramatic fall in the price of oil – but the energy-revenue reliant banks of the GCC could …

Market Realist

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Downgrade of Brazil Oil Giant Stirs Wider Concern

Moody’s move to lower Petrobras’s debt to junk status sparks worries for broader economy<p>SÃO PAULO—A decision by a major credit-rating firm to downgrade to junk status the debt of Petróleo Brasileiro SA is stoking fears that Brazil’s sovereign rating could be next.<p>Moody’s Investors Service late …

Oil & Gas Industry

Oil Prices Collapsed. Russia Won't.

While global oil prices have collapsed, Russia most certainly will not. In fact, it may even emerge stronger from the current supply glut.<p>That was …

Oman Producing All-Out on Oil as Price Rout Seen Over

Oman, the biggest Middle Eastern oil producer that’s not a member of OPEC, is boosting crude output to as much as possible with the global price rout …

How the falling oil price is hitting Russia

Robert Peston<p>http://vod-pro-ww-live.akamaized.net/mps_h264_hi/public/news/world/1147000/1147900_h264_1500k.mp4?__gda__=1534541321_3438521b7fd64b40b7ed8e603b581986<p><b>Sanctions and the tumbling oil price have sent the Russian economy spiralling into recession. I went to Moscow to assess the impact on</b> …

Crude Oil Prices

India to embark on rail investment splurge thanks to cheap oil

NEW DELHI (Reuters) - India’s decrepit state-run train services stand to receive at least a 25 percent boost in investment to over $9 billion, funded solely by falling fuel costs, according to officials familiar with a railway budget set to be unveiled on Thursday.<p>A worker cleans a railway track at …

India