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Petroleum minister Dharmendra Pradhan has said the government is open to Saudi oil giant Aramcos interest to own majority stake in the proposed Rs 3-trillion refinery at Ratnagiri.

India to chart is own course of energy transition: Pradhan

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

15 Oct 2019 7:54 AM GMT

Oil Minister Dharmendra Pradhan

Energy giant Exxon Mobil, India's ONGC sign expertise-sharing deal

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

15 Oct 2019 6:51 AM GMT

Adani Infrastructure

Energy giant Total to buy 37 per cent stake in Adani Gas

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

14 Oct 2019 9:59 AM GMT

Two committees have been formed for the preparation of the program which will be headed by Minister of Petroleum and Natural Gas Dharmendra Pradhan and Minister of Jal Shakti Gajendra Singh Shekhawat. (Photo: ANI)

USD 60 billion investment coming in gas infrastructure: Pradhan

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

13 Oct 2019 12:55 PM GMT

Aramcos planned USD 69.1 billion acquisition of a 70 per cent stake in petrochemicals firm Saudi Basic Industries Corp (SABIC) from the Saudi sovereign wealth fund.

'Risk of terrorist attacks...': Saudi Aramco prospectus flags risks,...

Sources have said the company could sell 1 per cent-2 per cent on the Saudi stock market in what could be the world's...

10 Nov 2019 6:57 AM GMT

Oil Minister Dharmendra Pradhan today said the government is keeping a close eye on international prices.

India seeks foreign investments in oil and gas sector: Pradhan

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

7 Nov 2019 6:51 AM GMT

Crude oil was trading higher 0.68 per cent to Rs 4,139 per barrel in futures market on Thursday.

Oil advances as OPEC set to continue supply cuts despite US pressure...

International Brent crude futures were at USD 65.48 per barrel, up 27 cents, or 0.4 per cent from their last close.

27 Feb 2019 9:23 AM GMT

ONGC on Thursday reported a 8.2 per cent drop in its June quarter net profit after sharp reduction in natural gas rates.

Govt move to unlock ONGC, OIL gas

Govt's plan to offer PSUs special incentives for natural gas discoveries in difficult, unviable areas will raise natural...

10 Feb 2019 10:34 AM GMT

Thats a 28 per cent gain in two years, putting the US close to becoming the worlds biggest crude producer, edging nearer to the 11 million bpd churned out by Russia.

Oil falls as US maintains record output, inventories climb

US crude oil production remained at the record 11.9 million barrels per day (bpd) it reached in late 2018.

7 Feb 2019 4:58 AM GMT

Hindustan Petroleum Corp Ltd (HPCL) on Friday reported 56 per cent drop in the June quarter net profit on account of lower refining margins and inventory losses.

Oil PSU capex drops to 4-yr low for 2019-20

Oil PSUs had invested Rs 89,180 crore in 2014-15.

3 Feb 2019 1:06 PM GMT

We expect the global leaders will understand our requirements, Petroleum Minister Dharmendra Pradhan said.(Photo: File | PTI)

DGH seeks data on ONGC's top 47 fields after rejection of bid to...

DGH has asked data on its top 47 fields to monitor production and projects to raise output, an official order said.

31 March 2019 9:31 AM GMT

We expect the global leaders will understand our requirements, Petroleum Minister Dharmendra Pradhan said.(Photo: File | PTI)

ONGC's Mumbai High, Vasai East came close to being sold, stopped after...

The proposal brought before the panel was to boost stagnant output from ageing fields of public sector oil companies.

14 March 2019 9:40 AM GMT