Follow today's crude oil price moves and key news stories driving oil price actions, as well as developments in the broader energy sector.
27 (Xinhua) -- India's state-owned Oil and Natural Gas Corporation (ONGC) could soon acquire the country's third-largest fuel retailer Hindustan Petroleum Corporation Limited (HPCL) in a 6.6 billion U.S. dollars deal as part of the government's plans to create a mega oil company. ...
Here’s what happened. When companies first drill an oil well, they often harvest some natural gas as a byproduct. To prevent pressure from building up to dangerous levels, companies burn, or “flare,” this natural gas. Flaring is actually more environmentally friendly than letting the natural...
Follow today's crude oil price moves and key news stories driving oil price actions, as well as developments in the broader energy sector.
The main production facilities include a new wellhead platform and an unmanned wellhead platform… Europe's Gas Uncertainty Help Drive Asian LNG Spot Prices Higher Jan 03, 2025 Asian spot liquefied natural gas (LNG) prices rose this week to a one-month peak, as the expiry of a transit ...
Dallas-based Energy Transfer said last week it will construct an intrastate natural gas pipeline to provide transportation from Permian Basin to premier markets and trading hubs to serve growing demand. The company said Dec. 6 the project will “further establish Energy Transfer as the premier optio...
QatarEnergy signs key China natural gas export deal with Shell amid rising regional competition Finance Multimillion-dollar legal bill for unsuccessful challenge to Santos’ gas mega-project Field Development 'Distorted and manipulated': Judge rules on evidence intended to halt Santos' Barossa gian...
achieving zero methane emissions by 2030 and eliminating conventional combustion. Fifty companies, including Abu Dhabi National Oil Company, Saudi Aramco, BP, Indian Oil and Natural Gas Corporation, and others, have signed the charter, accounting for more than 40% of the world's oil-producing enti...
● Russia's third-largest oil producer which is also among the ten largest private oil companies in the world ● The largest multinational oil and natural gas corporation in India ● Many top 100 petrochemical and chemical companies in China News Source:UPS & Data Center Infrastructure...
Since 2017, U.S. crude oil and natural gas production has continued to grow, most recently measured at 11.3 million barrels per day and 85.2 billion cubic feet per day in August 2018, respectively. However, the total number of wells producing crude oil and natural gas in the United States...