Arun Kumar Singh, chairman of India’s top oil and gas producer ONGC, said on Monday that the company plans to invest 1 lakh crore in energy transition projects by 2030 as part of its goal of reducing carbon emissions to zero by 2038. As part of the nation’s commitment to fight climate change, Indian Oil
Oil and Natural Gas Corporation (ONGC) has canceled bids received for its Daman upside gas development project off the western coast after receiving high price quotes, sources said. The project is crucial to ONGC’s strategy of ramping up gas production from its shallow-water fields off India’s west coast. With the completion of the project, 4.5
Amidst these chaotic times, Russia has increased pressure on many European economies by reducing the natural gas supplies further, raising fears of a fuel shortfall this winter. European officials describe these Russian fuel supply cuts as an attempt to retaliate against Western countries for backing Ukraine. On Friday, Russia decreased the natural gas deliveries to
A report published by Wood Mackenzie states that consumers can expect fuel prices to stay high until next year due to disruptions in Russian oil supplies and refineries struggling to satisfy demand after the pandemic. It also says that the pressure could ease in the second half of 2023, when many new major refineries, particularly
Forbes ranks Mukesh Ambani’s Reliance Group, at number 53 on the latest global 2000 list of companies worldwide. Forbes releases their annual list of the Top 2000 Companies in the world, which is ranked by sales. Reliance ranked top in Indian firms. Reliance has been listed on the 53th most prominent position on Forbes Global under
March quarter earnings are likely to grow due to gas, financials, and oil. However, costs may impede the rest of the sector’s earnings. Additionally, despite a rise in demand this quarter, manufacturers suffer at the hands of high oil and gas prices and rising commodity prices. The current Russia-Ukraine crisis further challenges India Inc this
Heavy losses on Tuesday followed Monday’s oil dip. The dip in oil is a result of the myriad of global factors. The global factors affecting the oil dip are slow Chinese demand and the unwinding of trades ahead of the Federal Reserve’s rate hike on Wednesday. Additionally, talks between Russia and Ukraine have also weighed
Dr. Alka Mittal joined state-owned ONGC as a graduate trainee in 1985. Being the first woman to head ONGC as Chairperson & MD, Dr. Alka Mittal welcomed the New Year’s with a bang. Who is Alka Mittal? Dr. Alka Mittal is a Doctorate holder in Commerce and Business Studies and is a postgraduate in Economics,
International Financial market: unemployment rate expected to be down by 3.8%, Trump expects to sale $200 billion new batch on the Chinese market, Nasdaq 100 futures trade down to 0.29% or 22 points. Here are the five best things you must know about this Friday International trade Financial market: 1. Jobs to Cement September rate hike
