Hindustan Oil Exploration Company (HOEC), which reported a ten-fold increase in its net profit for the year 2022-23, now plans to drill 18 wells in Arunachal Pradesh to quadruple oil... Full Story
State-run Bharat Petroleum Corporation (BPCL) recently said it will set up an ethylene cracker project at Bina in Sagar district, Madhya Pradesh,... Full Story
In a bid to expand its petrochemicals manufacturing capacity, the Oil and Natural Gas Corp (ONGC) will invest Rs. 1... Full Story
Eni and Austrian oil and gas producer OMV agreed to pay about $5.8 billion for a 35... Full Story
Abu Dhabi recently announced the new discovery of gas totalling 15 trillion standard cubic feet that is expected to enable the UAE achieve self-sufficiency in gas... Full Story
Fertiglobe, a fertilizer joint venture between chemical producer OCI N.V. and Abu Dhabi National Oil Company (ADNOC), has started preparing for a potential initial public offering in... Full Story
Saudi oil giant Aramco recently entered into a $12.4 billion deal with a consortium investors led by EIG Global Energy Partners that would give the investor group... Full Story
Abu Dhabi will invest 448 billion dirhams ($122 billion) in oil and natural gas over the next five years as it seeks to raise production capacity,... Full Story
Oman's Duqm petrochemical complex project has been postponed for the time being, the company said in a statement on Twitter on Wednesday without giving a reason.
The Duqm... Full Story
Crude oil production resumed early July at the Wafra oilfield, shared by Kuwait and Saudi Arabia, after a five-year halt, the Kuwaiti oil ministry said on Twitter recently.
The Wafra and Khafji... Full Story
A 305 km natural gas network in Rahmaniyah has been completed by the Sharjah Electricity and Water Authority (SEWA).
The total length of the network... Full Story
Oman’s ambitious goal of building the biggest oil-storage facility in the Middle East is finally progressing, more than seven years after the Gulf sultanate announced... Full Story
Qatar has agreed to discuss India’s demand to renegotiate the long-term LNG contract, reversing the stand it took just four months ago, as crumbling spot prices and collapsing... Full Story
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