How Norway adopted new tech in its hunt for ‘missing’ oil

How Norway adopted new tech in its hunt for ‘missing’ oil

Five years ago, explorers at a Norwegian oil company called Aker BP had a contrarian idea. They believed there might be a lot of oil lurking in an offshore natural gas field that was thought to be played out, and they persuaded Aker BP to let them go after this “missing” oil. Their hunch has … Read more

Perplexed at this logic: Jaishankar on Russian oil purchase as reason behind US tariff

Perplexed at this logic: Jaishankar on Russian oil purchase as reason behind US tariff

External Affairs Minister S Jaishankar on Thursday, while on a visit to Russia, came down heavily on the US decision to impose a steep 50 per cent tariff on Indian imports and lambasted the argument behind the move that it was because New Delhi imported huge amounts of Russian oil, saying India was “perplexed at … Read more

Warren Buffett’s $11 billion oil bet is down 21% from 2025 peak. Will this be his oil regret 2.0?

Warren Buffett’s  billion oil bet is down 21% from 2025 peak. Will this be his oil regret 2.0?

One of Warren Buffett’s largest public equity investments is now deep in the red. Occidental Petroleum, in which Berkshire Hathaway holds a 28.2% stake, has seen its shares slump 21% from their 2025 peak of $53.20, closing at $42.16 on Friday. The stock touched a low of $34.78 last month, its lowest level since 2022, … Read more

Centre aims to increase oil seed production to 70 million tonnes by 2031

Centre aims to increase oil seed production to 70 million tonnes by 2031

Image for representation | Photo Credit: Reuters The Union government has launched National Mission on Edible Oils–Oilseeds (NMEO-OS) with an outlay of Rs 10,103.38 crore to boost the domestic oilseed production to 70 million tonnes by 2030-31 from the current 39 million tonnes, Minister of State for Consumer Affairs, Food & Public Distribution Nimuben Jayantibhai Bambhaniya … Read more

Crude Oil की कीमत में उछाल, क्या आपके शहर में बढ़े पेट्रोल-डीजल के दाम? यहां चेक करें 23 नवंबर का रेट

Crude Oil की कीमत में उछाल, क्या आपके शहर में बढ़े पेट्रोल-डीजल के दाम? यहां चेक करें 23 नवंबर का रेट

अंतरराष्ट्रीय बाजार में कच्चे तेल की कीमतों में बढ़ोतरी देखने को मिल रही है. आज यानी 23 जुलाई 2024 की बात करें तो  ब्रेंट क्रूड 75.17 डॉलर प्रति बैरल जबकि  WTI क्रूड 71.24 डॉलर प्रति बैरल पर कारोबार कर रहा है. राष्ट्रीय तेल कंपनियों द्वारा हर रोज पेट्रोल-डीजल की कीमतें अपडेट की जाती हैं. भारतीय तेल कंपनियों के लेटेस्ट अपडेट के … Read more

Kent mum spends £24k a year on daughter’s cannabis oil

Kent mum spends £24k a year on daughter’s cannabis oil

A mother from Aylesham, Kent, who says she pays £2,000 a month for her daughter’s medicinal cannabis supply has called for greater access to the drug on the NHS. Emma Appleby said her daughter Teagan, 15, uses the drug to manage the daily seizures she suffers due to severe epilepsy. Medicinal cannabis became legal in … Read more

Big movers on D-Street: What should investors do with OIL, IOC and BPCL?

Big movers on D-Street: What should investors do with OIL, IOC and BPCL?

Equity indices declined over half a percent on Friday amid weak global market trends. The 30-share Sensex declined 453 points to settle at 72,643 and the Nifty dropped 123 points at 22,023. Stocks that were in focus included names like OIL, which fell 4.04%, IOC, which declined 5.25%, and BPCL, whose shares dropped 4.15% on … Read more

Oil pipeline bursts in Assam, one killed

Oil pipeline bursts in Assam, one killed

GUWAHATI A contractual employee was killed and four others were injured after a pipeline burst during repair work at a facility of Oil India Limited (OIL) in eastern Assam’s Dibrugarh district on Wednesday afternoon. Two of the injured were admitted to the Assam Medical College and Hospital in Dibrugarh while the other two were receiving … Read more