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Woodside Petroleum will invest more than A$1 billion ($746 million) to build a carbon-neutral hydrogen and ammonia production facility in Western Australia, the state government said on Monday.
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Surging liquefied natural gas (LNG) prices are pushing buyers to look at securing long-term contracts possibly with an option for a floor and ceiling price to hedge against extreme volatility, the CEO of India's top gas importer said on Friday.
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Global oil major ExxonMobil Corp is looking at buying a stake in some of the local deep water fields of Indian explorer Oil and Natural Gas Corp , oil secretary Tarun Kapoor said on Friday.
India's MRPL plans to fill a part of the Mangalore strategic petroleum reserve (SPR) with Saudi oil, replacing Abu Dhabi's Upper Zakum grade, as it prepares to lease some space in the facility, a senior official said on Thursday.
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India is forming a group that brings together state-run and private refiners to seek better crude import deals, oil secretary Tarun Kapoor said on Tuesday, as the country grapples with soaring oil prices.