Oil & Gas - Page 19

Thinner spreads1 and rising under-recoveries are expected to shave the operating profit margins of oil marketing companies (OMCs) by 150-170 basis points (bps) this fiscal, even as crude prices remain elevated and

Indian Oil Corporation's (IndianOil) Research & Development Centre at Faridabad crossed a major milestone this week by filing its 1,001st patent, the first among Indian oil & gas PSUs to do so.

GS Caltex India, a 100% owned subsidiary of GS Caltex Corporation, South Korea has signed on cricketer Shikhar Dhawan as a brand ambassador in a strategic move to establish itself as a

Cairn Oil & Gas, a vertical of Vedanta, has appointed Ajay Kumar Dixit as its Chief Executive Officer. Ajay succeeds Sudhir Mathur, who after seven successful years with the company, moves on

Cyient has launched its Connected Equipment offering. The new service will provide original equipment manufacturers (OEMs), and equipment owners and operators with a combination of advanced analytics, IoT connectivity and asset health

Siemens will install state-of-the-art Remote Diagnostic Services (RDS) for GAIL (India) covering gas turbines installed across Hazira-Vijaipur-Jagdishpur (HVJ) pipeline and Vijaipur C2/C3 Plant. The scope includes supply of RDS hardware, site installation

The Prime Minister Narendra Modi has dedicated IndianOil’s Ennore LNG Terminal to the nation. IndianOil, through its Joint Venture Company, IndianOil LNG has developed this 5-million metric tonnes per annum (MMTPA) capacity

Rockwell Automation and Schlumberger have entered into an agreement to create a new joint venture, Sensia, the first fully integrated digital oilfield automation solutions provider. The Sensia joint venture will be the

L&T Hydrocarbon Engineering (LTHE) has won a significant order from Oil & Natural Gas Corporation (ONGC). The Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) contract is for development of Cluster-8 marginal field

Inland Waterways Authority of India (IWAI) and Indian Oil Corporation Limited (IOCL) haved signed a Memorandum of Understanding (MoU) for jointly developing infrastructure for fuels, lubricating oil, LPG, Natural Gas and any