Oil And Gas
Price trends, demand-supply drivers and analysis for Oil And Gas. Tracking 5 stories on Arth Vani.
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Latest on Oil And Gas
Global Offshore Oil Stocks Rally 6% as Broader Markets Experience Downturn
Major global offshore oil drilling companies like Transocean, Valaris, and W&T Offshore saw their stock prices climb by 6% each, despite a general decline in the broader market. This divergence highlights a potential investor interest in the energy sector amidst wider market caution.
ExxonMobil's $80 Billion Kazakhstan Investment Hinges on Resolving $150 Billion Dispute
ExxonMobil Holdings Corp. has linked a potential $80 billion joint investment to expand Kazakhstan's Kashagan oil field with the resolution of a long-standing $150 billion dispute. This major global energy deal is currently on hold, pending an agreement between the Kazakh government and international companies involved in the project.
BreakingCabinet Approves ₹84,084 Crore 'Samudra Manthan' Scheme for Offshore Oil & Gas
The Indian Cabinet has approved the ₹84,084 crore 'Samudra Manthan' scheme, also known as the National Offshore Exploration Scheme, to boost domestic oil and gas production until 2030-31. This initiative will see the government funding half the cost of deepwater exploratory drilling to de-risk operations for companies and increase energy reserves.
Vedanta Oil & Gas Lists at ₹39; Four New Entities Debut Following Mega Demerger
Vedanta Oil & Gas made its stock market debut at ₹39 on the BSE, marking a significant milestone in the Vedanta Group's massive restructuring plan. The listing is part of a broader move to unlock value for shareholders by spinning off various business units into independent companies.
Vedanta Demerger: Anil Agarwal Plans Massive Oil and Gas Expansion for New Entities
Vedanta Chairman Anil Agarwal is moving forward with a major corporate restructuring that will see four new companies listed on Indian bourses. The plan focuses on aggressive production hikes in aluminium, steel, and energy to unlock shareholder value.
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