South Asia
News
May 29, 2022
Oil & Natural Gas Corp.鈥檚 profit rose 32% in the fourth quarter but missed estimates as an increase in government levies ate into the gains from soaring oil prices after Russia鈥檚 invasion of Ukraine.
Article
May 2022
Polymer flooding actually dates back to the 1970s and 1980s, but it is enjoying a resurgence of usage, thanks to more recent results in projects.
Article
February 2022
The year 2021 witnessed unprecedented development in the energy markets. Such events were contrary to conventional wisdom and have ramifications for the oil markets, for years to come.
News
December 27, 2021
The agreement formalizes a closer working partnership between the two businesses, following the formation of a strategic alliance in 2019 when Hunting and Jindal began cooperating to develop their presence in the rapid growth OCTG market in India.
News
December 07, 2021
The United Arab Emirates and Reliance Industries Ltd. agreed to build a $2 billion petrochemical plant, the Indian company鈥檚 first such investment in the Middle East.
News
November 18, 2021
Spot freight rates for liquefied natural gas tankers in the Asia-Pacific have surged to record highs as a steady flow of U.S. cargoes to the region boosts demand for ships.
News
November 01, 2021
OPEC+ headed for a clash with the U.S. as more members rejected President Joe Biden鈥檚 call for the group to raise oil production faster and help reduce gasoline prices.
News
October 29, 2021
For the past year, oil consuming countries have become increasingly anxious at crude鈥檚 resurgence: first to $50 a barrel, then $75 and now to more than $85. And when Vladimir Putin, one of the leaders of the OPEC+ cartel, warned that $100 a barrel was a distinct possibility, the alarm bells really started ringing.
News
October 25, 2021
A weather phenomenon that typically delivers harsher winters is on the way and expected to add to Asia鈥檚 energy crisis.
News
October 18, 2021
Asian demand for U.S. oil is rising as the energy crisis boosts prices for other crudes that are priced against the global Brent futures contract.
News
October 13, 2021
Government climate policies and the transition away from fossil fuels are not to be blamed for the energy crisis ravaging Europe and Asia, according to the International Energy Agency.
News
September 21, 2021
Aberdeen-based global well engineering and drilling project management firm Norwell Engineering has won a lucrative contract worth more than $30 million with ONGC, India鈥檚 national oil company.
News
September 08, 2021
India鈥檚 Oil & Natural Gas Corp. is exploring a purchase of a significant minority stake in the $4 billion-plus Sangomar oil project off the coast of Senegal from Woodside Petroleum Ltd., according to people familiar with the matter.
News
September 07, 2021
India鈥檚 top energy companies, Petronet LNG Ltd. and ONGC Videsh Ltd., are having discussions about buying a stake in Russia鈥檚 planned liquefied-gas project Arctic LNG 2 as their government seeks to secure supplies of the cleaner burning fuel.
News
September 07, 2021
Cairn Energy Plc shareholders can expect a payback of as much as $700 million once the UK oil producer settles a long-running tax dispute with India.
News
September 06, 2021
Oil extended losses after Saudi Arabia slashed crude prices for Asian buyers, raising the prospect of fierce competition among sellers as the resurgence of Covid-19 continues to cloud the demand outlook.
News
September 06, 2021
Saudi Arabia cut oil prices for sales to Asia next month by more than twice the expected amount in a sign the world鈥檚 largest crude exporter wants to entice buyers to take more of its barrels.
News
August 06, 2021
Saudi Arabia鈥檚 move to push up the cost of its oil in Asia may backfire as an outbreak of the delta virus variant in China damps demand, while the U.S. and Russia offer more competitively priced alternatives.
News
June 24, 2021
Reliance Industries Ltd., which operates the world鈥檚 largest crude oil refining complex, plans to invest 750 billion rupees ($10.1 billion) in clean energy over three years, paving way for a crucial transformation as investors, consumers and governments world over seek sustainable growth.
News
June 17, 2021
The aim of the collaboration is to explore safe implementation of potential new technologies, working jointly with relevant governmental agencies to promote the introduction of hydrogen as an energy source in the Singapore market to support the country鈥檚 decarbonization goals.
News
June 04, 2021
Saudi Arabia increased oil prices for customers in its main market of Asia by more than expected after crude surged above $70 a barrel and OPEC forecast that global demand would heavily outstrip supply over the rest of the year.