“I am at the bottom of a supply chain that is plagued with delayed projects, delayed payments and a lot of uncertainty,” said business owner Girish Mansukbhai Solanki.
Three of India's big refiners aim to invest 3.5 trillion-4 trillion rupees to reach net zero-emissions goals by 2040.
Oil prices were broadly stable on June 9 and were set for a second week of declines.
Regaining investor trust–and access to their cash–is on the horizon as the E&P sector returns record profits to investors, a panel of experts said during Hart Energy’s SUPER DUG conference.
Last month, the EU approved the world's first plan to impose a levy on imports of high-carbon goods in 2026, prompting India to warn it would complain to the World Trade Organization.
Here’s a roundup of the latest E&P headlines, including oil finds in the Arabian Sea and new contract awards.
An OTC attendee pointed to oil industry pollution in Africa while a university geologist said the energy industry alleviates global poverty — but still needs to clean up its act.
The price of Brent crude ended the week at $81.58 and the price of WTI ended the week at $77.87.