Sydney, April 22 (IANS) Australian Prime Minister Anthony Albanese on Wednesday announced the government has secured additional diesel shipments.Albanese told reporters in Sydney that four shipments, two from South Korea and one each from Brunei and Malaysia, with a combined 200 million litres of diesel, have been secured by the government in collaboration with BP and Viva Energy.He said that the government has been working to guarantee Australia’s domestic fuel supply amid global volatility and…
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New Delhi, April 18 (IANS) Petroleum and Natural Gas Minister Hardeep Singh Puri said that India is moving from “blind exploration” to data-driven discovery, emphasising the need for a more collaborative and open data ecosystem, it was announced on Saturday.The Directorate General of Hydrocarbons (DGH) convened a conference on ‘Data Driven Exploration’ to engage industry stakeholders on accelerating India’s exploration outcomes through a stronger data ecosystem, in line with the country’…
New Delhi, Jan 28 (IANS) India is advancing rapidly towards becoming the world’s third-largest economy and will play a decisive role in the global energy demand-supply balance, Prime Minister Narendra Modi said on Wednesday.In an interaction with CEOs of the global energy sector as part of the ‘India Energy Week’ (IEW) 2026, PM Modi highlighted India’s robust economic momentum, drawing attention to an investment potential of around $100 billion in exploration and production, citing inves…
New Delhi, Jan 14 (IANS) British oil major BP said on Wednesday that it expects to see $4 billion to $5 billion of impairments in the fourth quarter, largely tied to its energy‑transition businesses, as the oil major pivots spending back to oil and gas.The announcement follows a strategic reallocation of capital away from lower‑carbon ventures, under Chair Albert Manifold as BP seeks to simplify its portfolio. Meg O’Neill will take over as chief executive officer in April, replacing interi…
Mumbai, Dec 29 (IANS) Reliance Industries on Monday refuted a media report, saying there is no claim of $30 billion from the Indian government against the company and BP.In a statement, Reliance Industries said the contents of the report titled “India claims $30 billion from Reliance Industries, BP for underproduction from gas field, sources say” are factually incorrect, adding that the “publication of a report such as this based on unnamed and unidentified sources is inappropriate and irr…
New Delhi, Dec 24 (IANS) BP on Wednesday announced that it has agreed to sell a 65 per cent stake in its lubricants business Castrol to global investment firm Stonepeak for around $6 billion. The transaction values Castrol at about $10.1 billion, including debt. After the deal, BP will continue to hold a minority stake in Castrol through a joint venture structure.Following the announcement, shares of Castrol India surged about 8 per cent in early trade and were quoted at around Rs 201 per share….