Oil & Gas

Ukraine situation, crude prices posing challenge to financial stability: FM

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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…
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