Indian Oil became the first Indian public sector refiner to purchase US crude and has placed a cumulative order of 3.9 million barrels from the USA, according to a news release. It plans process it at its east coast refineries in Paradip, Haldia, Barauni and Bongaigaon.
“US crude oil shipments to India have the potential to boost bilateral trade by up to USD 2 billion,” the US Embassy said in a separate statement.
A total of 7.85 million barrels of US oil has been contracted to date by Indian public sector refineries including Bharat Petroleum and Hindustan Petroleum, the company statement added.
Singapore’s Seatrium has secured a topside integration project for the FPSO Errea Wittu from Offshore Frontier Solutions, a MODEC Group… Read More
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
This website uses cookies.