Oil & Gas
Ukraine situation, crude prices posing challenge to financial stability: FM
February 23, 2022
Ukraine situation, crude prices posing challenge to financial stability: FM
Finance Minister Nirmala Sitharaman said the Russia-Ukraine crisis and the ensuing jump in global crude prices are a challenge to…
Numaligarh Refinery to manufacture ethanol out of bamboo
February 23, 2022
Numaligarh Refinery to manufacture ethanol out of bamboo
Assam-based Numaligarh Refinery Limited (NRL) has collaborated with a Finnish company to manufacture ethanol out of bamboo, a top company…
Sri Lanka running low on fuel as foreign exchange reserves dry up
February 22, 2022
Sri Lanka running low on fuel as foreign exchange reserves dry up
Sri Lanka is trying to arrange a payment of $35 million for a shipment of 40,000 tonnes of diesel with…
Cairn Oil & Gas makes oil discovery in Rajasthan block
February 22, 2022
Cairn Oil & Gas makes oil discovery in Rajasthan block
Vedanta group firm Cairn Oil & Gas announced an oil discovery in a Barmer district block of Rajasthan, not very…
Will convert garbage mountains into green zones in three years: PM
February 21, 2022
Will convert garbage mountains into green zones in three years: PM
Prime Minister Narendra Modi on Saturday announced that the central government has set an aim to convert mountains of garbage…
Sri Lanka out of cash to buy oil, fuel shortage may get worse
February 19, 2022
Sri Lanka out of cash to buy oil, fuel shortage may get worse
Sri Lanka’s state-run petroleum company has run out of cash to buy oil, and fuel shortage across the country could…
India delivers 40,000 MT of fuel to SL to ease energy crisis
February 16, 2022
India delivers 40,000 MT of fuel to SL to ease energy crisis
India delivered 40,000 metric tonnes of fuel to Sri Lanka to help ease the energy crisis faced by the island…
Saudi Arabia gives 4% of Aramco to investment fund
February 14, 2022
Saudi Arabia gives 4% of Aramco to investment fund
Saudi Arabia said it will transfer 4% of its stock in the state-run oil giant Aramco to its state investment…
Government’s inflation management is robust: FM
February 12, 2022
Government’s inflation management is robust: FM
Government’s inflation management is robust and it has handled the price rise during the COVID-19 crisis in a much more…
Petronet to invest ₹40,000 cr, including in overseas LNG plants
February 11, 2022
Petronet to invest ₹40,000 cr, including in overseas LNG plants
Petronet LNG Ltd, the operator of the world’s largest liquefied natural gas (LNG) import terminal, will invest ₹40,000 crore over…
India headed for steep fuel price hike in March: Deloitte
February 10, 2022
India headed for steep fuel price hike in March: Deloitte
Deloitte Touche Tohmatsu India expects the nation’s biggest fuel retailers to sharply raise pump prices after state elections end next…
Fuel demand boosts OMCs petroleum product sales: Fitch Ratings
February 9, 2022
Fuel demand boosts OMCs petroleum product sales: Fitch Ratings
Transportation fuel demand shows signs of improving to pre-pandemic levels from FY23 as visible from petroleum product sales for the…
HPCL’s Visakha Refinery all set for ₹26,264 cr expansion
February 8, 2022
HPCL’s Visakha Refinery all set for ₹26,264 cr expansion
HPCL’s Visakha Refinery is set for modernisation and expansion at a cost of ₹26,264 crore. “This is by far a…
Centre to bring ATF inclusion in GST for discussion: FM
February 7, 2022
Centre to bring ATF inclusion in GST for discussion: FM
The Centre will move the issue of bringing aviation turbine fuel (ATF) under the GST net for discussion in the…
India to double down on oil, gas exploration: Hardeep Singh Puri
February 4, 2022
India to double down on oil, gas exploration: Hardeep Singh Puri
India will more than double the area that is under exploration and production of oil and gas to 0.5 million…
ADNOC announce a new offshore gas find
February 4, 2022
ADNOC announce a new offshore gas find
Abu Dhabi’s state-owned oil and gas company announced Thursday the discovery of between 1.5 to 2 trillion standard cubic feet…
India extends $500 M credit line to Sri Lanka to purchase fuel
February 3, 2022
India extends $500 M credit line to Sri Lanka to purchase fuel
India extended a $500 million credit line to Sri Lanka to fund the country’s fuel purchases, as the island nation…
ATF price hiked by 8.5%, touches all-time high
February 2, 2022
ATF price hiked by 8.5%, touches all-time high
Jet fuel prices rose to record levels across the country following a steep 8.5% hike necessitated due to a spike…
GAIL starts blending hydrogen into natural gas system
February 1, 2022
GAIL starts blending hydrogen into natural gas system
GAIL (India) Ltd said it has commenced India’s first-of-its-kind project of mixing hydrogen into the natural gas system in Indore,…
Adani Total Gas to invest ₹20,000 cr in city gas
January 31, 2022
Adani Total Gas to invest ₹20,000 cr in city gas
Adani Total Gas Ltd (ATGL), the joint venture between Adani Group and TotalEnergies of France, on Monday said it will…
Oil price tops $87/bbl but petrol, diesel prices unchanged
January 19, 2022
Oil price tops $87/bbl but petrol, diesel prices unchanged
International oil prices jumped to the highest level since 2014, topping $87 a barrel but domestic petrol and diesel prices…
ATF price hiked by 4.2%, no change in petrol & diesel prices
January 17, 2022
ATF price hiked by 4.2%, no change in petrol & diesel prices
Jet fuel or ATF price was hiked by 4.2%, the second increase in rates this month warranted by firming international…
Megha Engineering, Adani Total top winner in CGD bidding
January 15, 2022
Megha Engineering, Adani Total top winner in CGD bidding
Megha Engineering and Infrastructures Ltd (MEIL) walked away with the most 15 licences to retail CNG to automobiles and piped…
Petrol price in Pakistan likely to hit all-time high
January 14, 2022
Petrol price in Pakistan likely to hit all-time high
For the first time in the history of Pakistan, petrol price is expected to hit 150 PKR per litre amid…
Petcoke import in India rises 73% in December 2021
January 13, 2022
Petcoke import in India rises 73% in December 2021
Import of petroleum coke (petcoke), a byproduct of oil refining process, stood at 9.87 lakh tonnes in December 2021, up…