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New Delhi: State-run Oil and Natural Gas Corporation (ONGC) reported a standalone profit after tax (PAT) of ₹35,610 crore for the financial year 2024–25, down from ₹40,526 crore in the previous year, registering a decline of 12.1 per cent.Consolidated PAT stood at ₹38,329 crore, as against ₹55,273 crore in FY24, marking a 30.7 per cent decrease.ONGC’s Board approved a final dividend of ₹1.25 per share at its meeting on May 21. With this, the total dividend payout for FY25, including interim dividends, stands at ₹15,411 crore (₹12.25 per share).Crude oil production for the year rose 0.9 per cent to 18.558…

(Oil & Gas 360) – Join us as we celebrate three decades of bringing together the energy industry’s companies, investors, analysts, and industry leaders!   Investors are encouraged to register for EnerCom Denver – The Energy Investment Conference, featuring a broad group of public and private energy companies at www.enercomdenver.com   Limited presentation opportunities are available for E&P, Midstream, OFS, Energy Transition and Emerging Technology companies  Sponsorship opportunities are available for companies seeking to increase marketplace and brand awareness through EnerCom’s multi-channel approach before, during, and after the event DENVER – May 21, 2025 – EnerCom, Inc. is pleased to announce its lineup of unparalleled…

(BOE Report) – Producers are pushing ahead with liquefied natural gas projects, banking on urbanisation and the technology sector to drive global power demand and outweigh such challenges as potential oversupply, rising project costs, and tariff uncertainty. LNG is widely seen as a transition fuel on the path to net-zero emissions. Governments worldwide are also prioritising energy security after Russia’s invasion of Ukraine caused a surge in gas prices to record highs. “Asia-Pacific economies are ravenously hungry for LNG,” said Tengku Muhammad Taufik, CEO of Malaysian state energy firm Petronas at the World Gas Conference. He said the proliferation of data centres…

U.S. President Donald Trump sits next to Crypto czar David Sacks at the White House Crypto Summit at the White House in Washington, D.C., U.S., March 7, 2025.Evelyn Hockstein | ReutersPresident Donald Trump’s top crypto and AI advisor David Sacks said Wednesday that the administration expects the stablecoin legislation moving through the Senate to pass with “significant bipartisan support,” and claimed it could unlock demand for U.S. Treasuries.”We already have over $200 billion in stablecoins — it’s just unregulated,” Sacks told CNBC’s “Closing Bell Overtime.” “If we provide the legal clarity and legal framework for this, I think we could…

(World Oil) – DOF Group ASA has secured four long-term charter and service contract awards with Petrobras in Brazil following a competitive tender process. Skandi Iguaçu, one of the biggest AHTS vessels ever built in Brazil with a 350mt+ bollard pull (BP) and large winch storage capacity has been contracted for four years with expected commencement in February 2026 in sequence with its current contract. Furthermore, Skandi Angra (280mt BP), Skandi Paraty (288mt BP) and Skandi Urca (260mt BP) have all been contracted for four years with expected commencement in January 2026 in sequence with their current contracts. The scope for…

MELBOURNE, Australia (AP) — Record floodwaters on Australia’s east coast left two people dead and two others missing, officials said Thursday, as more heavy rain was forecast in the area.More than 500 people were rescued in the flooding emergency in New South Wales state north of Sydney. The area has been hit with heavy rain since Tuesday. The flooding exceeds local records set in 1921 and 1929.News South Wales Premier Christopher Minns said some areas were forecast to receive as much as 30 centimeters (1 foot) of rain in the next 24 hours. He said 50,000 people were warned to…

The Department of the Interior today announced the release of a new U.S. Geological Survey assessment identifying significant undiscovered, technically recoverable oil and gas resources in the Mowry Composite Total Petroleum System. Spanning parts of Wyoming, Colorado and Utah, the assessment estimates the presence of 473 million barrels of oil and 27 trillion cubic feet of natural gas—resources that could help bolster domestic energy supply and fuel local economies. “This new USGS assessment underscores the role of American energy resources in strengthening our energy independence and driving economic development across the West,” said Secretary of the Interior Doug Burgum. “Public…

Attending Google’s I/O developer conference is like being doused with a firehose of new AI announcements.At I/O’s keynote event on Tuesday, Business Insider counted at least two dozen new models, features, and updates.”We are shipping faster than ever,” Google CEO Sundar Pichai boasted onstage.Indeed. But it’s starting to get a little confusing. For one, some of the launches seem to overlap with each other. Launching so many AI products in such a short timeframe is impressive, and it can also feel scatterbrained.AI Mode allows you to chat with Google as you browse the web, creating a more conversational search experience.…

(Oil Price) – The biggest international oil firms used the first-quarter earnings calls to reassure investors that Big Oil is in a ‘business as usual’ mode at oil prices at $60 per barrel. As ExxonMobil, Chevron, Shell, BP, and TotalEnergies reported their Q1 earnings and provided guidance for the second quarter and the rest of the year, oil prices were ending one of the worst months in years, in which oil sank to its lowest level since 2021. The market rout began on April 2, just after the first quarter ended, so the world’s top international oil companies reported a fairly good set…

Chevron confirmed Wednesday that a fire has injured at least 17 workers and left one missing on its Benguela Belize Lobito Tomboco (BBLT) offshore platform in Angola.The fire started on Tuesday, with details released to Reuters on Wednesday by Chevron subsidiary Cabinda Gulf Oil Company Ltd. (CABGOC), which operates the platform. Emergency teams are continuing search-and-rescue operations for the missing worker, while four of the injured reportedly remain in serious condition. CABGOC stated that the cause of the fire remains under investigation and did not comment on whether production has been affected. The BBLT complex, located approximately 85 miles off the Angolan coast…