APN News

  • Wednesday, February, 2023| Today's Market | Current Time: 04:25:03
  • Recent Oil Spills Make Asset Integrity Management Top Priority for Oil and Gas Companies Globally

    Bangalore:The oil spill in the Gulf of Mexico in April this year brought with it severe global attention to the importance of maintaining oil and gas assets. The fact is, ensuring the integrity of oil and gas assets is not just fiscally important but also has safety, health and environmental implications. Following this incident there […]

    Houghton to Acquire Shell Metalworking and Metal Rolling Oils Business

    United States: Houghton International Inc., global manufacturer and supplier of industrial fluids and chemical management services, has signed an agreement to acquire the Shell Metalworking and Metal Rolling Oils business. The transaction, anticipated to close in early 2011, is subject to regulatory approval. Houghton and Shell Metal Working and Metal Rolling Oils are prominent specialty […]

    Crude markets cross 88 dollars in Asia

    Crude markets hurdled USD 88 in Asia on Thursday after hitting 25-month highs the day before as crude inventories unexpectedly fell in the US, analysts said.  New York’s main contract, light sweet crude for December delivery, rose 34 cents to USD 88.15 a barrel.    Brent North Sea crude for delivery in December advanced 15 cents […]

    Oil down in Asian trade

    Oil was lower in Asian trade  on Wednesday as a strengthening greenback dragged down markets, analysts said.   New York’s main contract, light sweet crude for delivery in December, slipped 25 cents to USD 86.47 a barrel.  Brent North Sea crude for December delivery fell seven cents to USD 88.26.   A greenback rally was causing investors […]

    Oil mixed in Asian trade

    Crude was mixed in Asian trade on Tuesday after prices hit two-year highs in overnight trade, analysts said. New York’s main contract, light sweet crude for December delivery, dropped 52 cents to USD 86.54 a barrel while Brent North Sea crude for December delivery rose 11 cents to USD 88.22.  Some investors chose to take […]

    ONGC climbs to highest ever global ranking

    State-owned Oil and Natural Gas Corp (ONGC) has been ranked the world’s top oil and gas exploration and production (E&P) firm by global energy research agency Platts, the company said in a statement in New Delhi. ONGC was last year placed at the third position in the pure E&P category, behind Encana of Canada and […]

    Dresser Waukesha Introduces New Engines to Meet Challenges of Rugged Oilfield Power

    United States: Dresser Waukesha, a leading manufacturer of natural gas engines that deliver clean, cost-effective power, has added 12- and 16- cylinder power generation units to its 275GL Series of high performance engines. Designed specifically to deliver maximum performance and to withstand the rigors of oil and gas production sites, Waukesha 275GL Series engines produce […]

    GAIL, Petronet eye stake in Nigerian LNG projects

    State gas utility GAIL India and Petronet LNG Ltd are eyeing stake in liquefied natural gas (LNG) projects being built in Nigeria to secure supplies for burgeoning domestic energy needs. Oil Minister Murli Deora discussed the possibility of GAIL and Petronet picking up stake in the USD 8 billion LNG project at Brass in Bayelsa […]

    EGoM to consider gas allocation to 6 power plants on 10th Nov

    An empowered group of Ministers headed by Finance Minister Pranab Mukherjee is likely to meet on 10th November to decide on allocating natural gas from fields like Reliance Industries’ KG-D6 to six upcoming power plants. “The EGoM was previously scheduled to meet on 2nd November but it has now been put off to 10th November,” […]

    ATF prices to be hiked by Rs 299/KL in Delhi from midnight

    State-owned oil firms Sunday hiked jet fuel prices marginally by less than 1 per cent, in sync with a rise in global rates. Aviation Turbine Fuel (ATF) rates were hiked by Rs 299 per kilo-litre to Rs 42,235 per kl in Delhi, with effect from midnight tonight, an official of Indian Oil Corp, the nation’s largest […]