ExxonMobil in Talks to Buy Stakes in Indian Oil fields
Indian Oil Minister, Dharmendra Pradhan, stated that ExxonMobil is on talks to buy a stake in oil and gas fields in India.
India | Egypt Oil & Gas - Part 4
India to Double Oil Refining Capacity in 5 Years
India’s Prime Minister, Narendra Modi, plans to nearly double its oil refining capacity in the country over the next five years, a much more ambitious plan than previously stated despite COVID-19 complications.
India’s OIL Announces New Hydrocarbon Discovery in Assam
Oil India Limited (OIL) has made a new hydrocarbon discovery at well Dinjan-1 in Tinsukia Petroleum Mining Lease (PML) in Assam.
Venezuela’s Oil Exports Rise in September
Venezuelan oil exports rose again for a consecutive month after customers aim to buy as much crude as possible from the sanctioned nation before the US ramps up sanctions.
IOC to Expand Barauni Refinery
State-owned Indian Oil Corporation (IOC) is set to invest nearly $2.024 billion into expanding the capacity of its Barauni refinery in Bihar.
India Initiates 8,363 Oil, Gas Projects
The Indian government has kick-started in excess of 8,363 oil and gas projects since April following all pandemic related standard operating procedures (SOP).
India’s Oil Imports Drop 31%, Hitting Lowest Levels since 2011
India’s oil imports in May have nosedived 31% from April’s levels, representing the lowest importing figures since October 2011.
India Launches its First Natural Gas Trading Exchange
India launched its first natural gas trading exchange on June 15 in a move to increase market driven pricing and boosting consumption.
ADNOC, RIL to Explore in Ruwais
The Abu Dhabi National Oil Company (ADNOC) inked an agreement with India’s Reliance Industries Limited (RIL) for the development of an ethylene dichloride (EDC) facility in Ruwais, Abu Dhabi.
Aramco, ADNOC to Build Indian Refinery Worth $70 B
The refinery is estimated to produce 1.2 million barrels per day (b/d) on the coast of the western state of Maharashtra at Roha in the Raigad district, about 100 kilometers (60 miles) south of Mumbai.
