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India will secure capital, world-class technology and implement any policy reforms needed to become an international energy leader, Petroleum minister Dharmendra Pradhan said at an energy conference in New Delhi. (Photo: File)
India seeks foreign investments in oil and gas sector: Pradhan
07 Nov 2019 12:22 PM

India wants to be the new destination for global energy players, said oil minister Dharmendra Pradhan.

This makes it imperative to ensure energy justice to all, which essentially means access to energy in an affordable and sustainable manner, said Oil Minister Dharmendra Pradhan. (Photo: File)
India to chart is own course of energy transition: Pradhan
15 Oct 2019 1:21 PM

Per capita energy consumption in India is only about one-third of the world's average.

Witnessed the exchange of a MoU between ONGC and ExxonMobil to identify areas for exploration in deep water in east and west coast of India, Oil Minister Dharmendra Pradhan said in a tweet. (Photo: File | PTI)
Exxon Mobil, ONGC sign expertise-sharing deal
15 Oct 2019 12:20 PM

A growing demand in India amid a global slowdown and government policies have made investments and returns attractive.

Total will buy up to 25.2 per cent in Adani Gas from public shareholders at 149.63 rupees per share, representing an 8.7 per cent premium to the stock’s last close and valuing the stake at 41.47 billion rupees (USD 585 million). It will also buy another 12.2 per cent stake from the Adani family at an undisclosed price, according to stock exchange filings.
Energy giant Total to buy 37 per cent stake in Adani Gas
14 Oct 2019 3:31 PM

Total is the third foreign oil major to enter India’s gas sector after BP Plc and Shell.

Oil minister Dharmendra Pradhan said energy is integral to achieving the target of early doubling the size of Indian economy to USD 5 trillion by 2024. (Photo: File)
USD 60 billion investment coming in gas infrastructure: Pradhan
13 Oct 2019 6:26 PM

Govt is giving special impetus to develop gas infrastructure across the length and breadth of the country, said the Oil Minister.

Crude prices surged by nearly 20 per cent on Monday as they responded to Saturday’s attack.
Oil falls more than 1 pc as market awaits response to Saudi oil attacks
17 Sep 2019 10:34 AM

The company has not given a specific timeline for the resumption of full output.

Following the attacks on the oil stablization centres of @Saudi_Aramco, top executives of Aramco have been contacted, tweeted Oil Minister Dharmendra Pradhan. (Photo: File)
Saudi assures India of no oil supply shortage: Oil Min
16 Sep 2019 7:18 PM

A massive drone strike on the world's largest crude-processing facility operated by Saudi Arabia's Aramco has driven up oil prices.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.53 per cent, while Japan’s Nikkei rose 0.54 per cent. (Photo:File | AP)
Asia shares edge up as stimulus hopes temper recession worries
20 Aug 2019 12:14 PM

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.53 per cent, while Japan’s Nikkei rose 0.54 per cent.

Despite lower oil prices during the first half of 2019, we continued to deliver solid earnings and strong free cash flow, Aramco CEO Amin Nasser was quoted as saying in the statement.
Saudi Aramco says H1 2019 net income slips to USD 46.9 billion
12 Aug 2019 1:40 PM

The fall in income comes amid renewed speculation the company was preparing for its much-delayed overseas stock listing.

Jamnagar shall be the refinery icon of the world with best-in-class performance, the company said in its latest annual report outlining its vision.
Reliance to produce only jet fuel, petrochemicals at Jamnagar after oil-to-chemical strategy
11 Aug 2019 12:14 PM

The company is preparing its Jamnagar complex to be future ready as fuel demand undergoes change.

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