India will deposit payments for crude oil imported from Iran into escrow accounts of five of their banks held with state-run UCO Bank Ltd. after the two nations agreed on a payment mechanism to overcome U.S. sanctions, according to people with knowledge of the matter.
Energy giant total has signed an agreement with Adani Group to develop various regasification projects in India, along with a network of 1,500 retail service stations.
India’s growth monikers -- the world’s fastest-growing major economy and the fastest-growing oil user -- might make for good headlines, but when juxtaposed with the less-flattering description of its currency they pose a problem for Prime Minister Narendra Modi.
Reliance Industries Ltd.’s recent gains are helping one of India’s most-valuable companies catch up with the benchmark index, which it had trailed for much of the past decade.
India’s efforts to sell a $1.6 billion stake in Oil & Natural Gas Corp. has run into concerns that government policies on fuel pricing would weigh on the state-run explorer’s share price, according to people with knowledge of the situation.
A surge in oil demand in India could lead to long-term trade with Europe, according to analysts WoodMackenzie.
Reliance Industries is back in the $100 billion club, a journey that has taken more than a decade.
Scottish oil firm Cairn Energy said today that the final hearings will start next month in its arbitration with India under a bilateral investment treaty.
India’s space program wants to go where no nation has gone before -– to the south side of the moon. And once it gets there, it will study the potential for mining a source of waste-free nuclear energy that could be worth trillions of dollars.
Two of Asia’s largest crude buyers are considering teaming up to buy U.S. supplies and counter OPEC’s dominance in the world’s biggest oil market.
India has pushed back a deadline to put thousands of battery-driven cars on the road by nearly a year, in a setback to its ambitions of having electric vehicles comprise about a third of its fleet by 2030.
President Donald Trump may have ordered the re-imposition of sanctions on Iran, but one of Asia’s biggest oil importers -- and a key strategic ally of the U.S. -- plans on ignoring them.
India's Oil and Natural Gas Corp's (ONGC) is suing Sudan in a London court, a news report said.
India is set to grant Saudi Aramco a 50% stake in a 1.2million barrel-per-day refinery on its west coast, according to a news report.
Cosasco will supply Oil and Natural Gas Corporation (ONGC) with corrosion monitoring systems after clinching a $380,000 contract with the Indian firm.
Five people have been killed in a blast at a shipyard in southern India.
Indian companies agreed to pay $600 million for a stake in one of Abu Dhabi’s biggest offshore oil concessions, securing a share in the emirate’s crude production for the first time.
UK subsea service companies will have a chance to broaden their horizons at the sector’s main annual conference and exhibition.
Solar auctions are having their intended effect: Prices for developers are tumbling across Asia. While that’s good news for consumers, solar companies might have to reconsider the economics of projects already under way.
An Indian shipping company has said that one of its offshore supply vessels sank 100miles of Mumbai this week.
India and the World Bank today signed a renewables loan pact in New Delhi to work to increase the country’s cleaner power agenda.
An explosion at a newly commissioned unit of a coal-fired power plant in northern India killed 29 people and injured 85 in one of the nation’s worst industrial disasters in recent years.
An offshore oil discovery made by Indian explorer Oil and Natural Gas Corp (ONGC) could contain 20million tonnes of reserves, a news report said.
Reliance Industries, owned by India’s richest man, Mukesh Ambani, is considering entering the power-storage business with its partner BP to expand into the country’s growing renewable energy sector, according to two people with knowledge of the plan.
Russian oil giant Rosneft today confirmed that it had completed the acquisition of 49% of Indian firm Essar Oil.