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Tag results for... "india-crude-oil"

India to release crude oil from SPR in tandem with US, China, Japan, Korea

‘This release will happen in parallel and in consultation with other major global energy consumers including the USA, People’s Republic of China, Japan and the Republic of.......

India’s crude oil production for October misses target by 5.95%

Crude oil production by ONGC in nomination block was 1,641.04 TMT in October, which was 4.98 percent lower than the target for the month Crude oil production by OIL in the nomination block.......

PSU, private oil refiners may come together to seek cheaper crude oil import deals

Kapoor said that the group of oil refiners would initially be meeting once in a fortnight and exchange ideas on crude purchases OPEC+ should realise that this is not the right approach, they.......

India’s crude oil production for July dips 3.22% y-o-y

The cumulative crude oil production during the April-July period was 9,961.65 TMT, which is 2.64 percent lower than the target for the period and 3.37 percent lower year-on-year Oil production.......

ONGC’s share in India’s oil & gas production rises despite decline in output. Here’s how

ONGC’s share in India’s total crude oil production was 61.7 percent in 2018-19, 64.4 percent in 2019-20, and 66.5 percent in 2020-21 ONGC’s crude oil production has gone down.......

India has reduced Middle East share in crude oil import due to production cuts by OPEC: Puri

In FY20, the total crude oil import from Middle East countries stood at 88.9 Million Metric Tonne (MMT) out of total import of 128.8 MMT The figure fell to 69.9 MMT out of total import of 110.1.......

To raise India’s oil & gas production, govt looks to private sector for investment, competition

In spite of the rising share of renewables, oil and gas will continue to play a significant role in India for at least 20-30 years, said Additional Secretary (Exploration) Amar Nath We would be.......

India’s crude oil production continues decline, Q1 output dips 3.42% y-o-y: Official data

The cumulative crude oil production during April-June period, which was Q1 of FY22, was 7,412.87 TMT India’s cumulative crude oil production has been on a steady downward trajectory and.......

High crude price adding significant inflationary pressure on India: Pradhan tells OPEC

I reiterated my request of phasing-out production cuts and also emphasised that crude price range remain within reasonable band, said Pradhan The news comes a day after the share of Middle East.......

India’s crude oil production declines 6% y-o-y in May

Crude oil production by ONGC in nomination blocks stood at 1,553.65 TMT in May, which was 9.63 percent lower when compared to May 2020 The ministry attributed the lower crude oil production at.......

India’s crude oil output in April 1.16% higher than target, but 2.07% lower y-o-y

Crude oil production by ONGC in nomination block during April was 1,636.57 TMT, which was 1.81 percent higher than the target Crude oil production by private and JV companies in the PSC.......

ONGC clarifies: Govt’s restructuring plan not intended to limit our role in oil & gas sector

ONGC is to act as the fulcrum around which an ecosystem for thriving oil and gas industry in the country can be created, the company has said ONGC is endeavoring to engage all.......

FY21: India’s crude oil production has declined by 20% in a decade, shows official data

While cumulative crude oil production stood at 38,089.689 TMT in FY12, in FY21 it has gone down to 30,491.77 TMT Crude oil production by private/JV companies in the PSC regime was.......

Govt wants ONGC to be ‘enabler’ of growth, seek private partnership to raise crude oil output

The government has set a production target of 40 MMT of crude oil and 50 BCM of natural gas by FY 2023-24, and 70 percent of the targets are expected to be achieved by ONGC The.......