Oil & Gas
Sri Lanka signs deal to lease oil tanks to Indian Oil
January 7, 2022
Sri Lanka signs deal to lease oil tanks to Indian Oil
Sri Lanka on Thursday signed a deal with the local unit of Indian Oil Corp, Lanka IOC, to lease 75…
Trincomalee tank farms project will boost India-SL energy ties
January 7, 2022
Trincomalee tank farms project will boost India-SL energy ties
India on Thursday said the Trincomalee oil tank farms project in Sri Lanka will augment bilateral energy security, days after…
ATF price hiked by 2.75%, LPG cut by ₹102.5
January 3, 2022
ATF price hiked by 2.75%, LPG cut by ₹102.5
Halting a declining trend of last month, jet fuel or ATF price has been hiked by 2.75% on firming international…
Imran Khan reviews Pakistan’s gas crisis
December 30, 2021
Imran Khan reviews Pakistan’s gas crisis
Amid the ongoing gas crisis, Pakistan Prime Minister Imran Khan chaired a high-level meeting on Wednesday to review what he…
MAN Industries bags pipe manufacturing orders worth ₹225 cr
December 24, 2021
MAN Industries bags pipe manufacturing orders worth ₹225 cr
Homegrown company Man Industries (India) Ltd said it has bagged orders worth ₹225 crore for manufacturing pipes. With the latest…
Woodside unveils plans to fuel Asian markets
December 24, 2021
Woodside unveils plans to fuel Asian markets
Western Australian (WA) oil and gas company Woodside has unveiled long-term plans to potentially supply liquid hydrogen to two major…
Indian Oil, Adani Total Gas top bidders for city gas licenses
December 23, 2021
Indian Oil, Adani Total Gas top bidders for city gas licenses
Indian Oil Corporation (IOC) and a joint venture of billionaire Gautam Adani’s gas arm and Total of France — Adani…
High-level IOC delegation probe Haldia Refinery fire
December 23, 2021
High-level IOC delegation probe Haldia Refinery fire
A high-level delegation of the Indian Oil Corporation (IOC) from Delhi and a West Bengal forensics team on Wednesday began…
Sri Lanka to settle $251 mn oil import dues to Iran by bartering tea
December 23, 2021
Sri Lanka to settle $251 mn oil import dues to Iran by bartering tea
Sri Lanka plans to settle $251 million in oil import dues owed to Iran by bartering tea, a Sri Lankan…
India’s oil production continues to slide
December 22, 2021
India’s oil production continues to slide
India’s production of crude oil, which is refined to produce petrol and diesel, continued to decline in November, with lower…
IBA condemns govt for withdrawing subsidy on biogas plants
December 21, 2021
IBA condemns govt for withdrawing subsidy on biogas plants
Indian Biogas Association (IBA) condemned the government for the withdrawal of subsidies on all kinds of biogas plants, saying it…
₹80,000 cr investment as 430 bids pour in for city gas licensing
December 18, 2021
₹80,000 cr investment as 430 bids pour in for city gas licensing
Around ₹80,000 crore investment is envisaged in setting up city gas infrastructure in 61 geographical areas (GAs), including Jammu, Nagpur,…
Cairn inks pact to sell 1 lakh SCMD gas to Assam Gas Company
December 17, 2021
Cairn inks pact to sell 1 lakh SCMD gas to Assam Gas Company
Cairn Oil and Gas on Thursday announced that it will sell one lakh standard cubic meters per day (SCMD) of…
Centre to release 5 million barrels oil from strategic reserves
December 14, 2021
Centre to release 5 million barrels oil from strategic reserves
The government has agreed to release 5 million barrels of crude oil from its strategic petroleum reserves in consultation with…
Industrial units in Delhi have switched to clean fuels
December 14, 2021
Industrial units in Delhi have switched to clean fuels
Complying with the Commission for Air Quality Management’s (CAQM) direction, all 1,636 industrial units that were re-inspected twice in the…
ONGC seeks minimum $4 for CBM gas
December 12, 2021
ONGC seeks minimum $4 for CBM gas
India’s top oil and gas producer ONGC is seeking a minimum price of $3.5-4 for the natural gas it plans…
Indian Oil Skytanking to set up fuel farm at Noida Airport
December 8, 2021
Indian Oil Skytanking to set up fuel farm at Noida Airport
Noida International Airport has awarded Indian Oil Skytanking Ltd (IOSL) a 30-year concession to design, build, and operate fuel infrastructure,…
Stepping up ethanol production may reduce crude oil import: Modi
December 8, 2021
Stepping up ethanol production may reduce crude oil import: Modi
Prime Minister Narendra Modi said stepping up ethanol production can help reduce the import of crude oil and prove to…
IOC renews deal to buy up to 2 MT of oil from Rosneft
December 7, 2021
IOC renews deal to buy up to 2 MT of oil from Rosneft
Indian Oil Corporation (IOC), the nation’s largest oil firm, has renewed a deal to buy up to 2 million tonnes…
Putin lauds India as energy, military ties bolstered
December 7, 2021
Putin lauds India as energy, military ties bolstered
Russian President Vladimir Putin lauded India as a great power in New Delhi on Monday as the traditional allies bolstered…
Commercial LPG gas cylinder price hiked by ₹100 in Delhi
December 2, 2021
Commercial LPG gas cylinder price hiked by ₹100 in Delhi
The national oil marketing companies have increased the price of commercial 19kg LPG cylinder by ₹100.50, taking the new price…
India committed to timely complete Mongolia oil refinery project
December 2, 2021
India committed to timely complete Mongolia oil refinery project
President Ram Nath Kovind on Wednesday said India is fully committed to the timely completion of an oil refinery project…
Global jet fuel demand under pressure from Omicron
December 1, 2021
Global jet fuel demand under pressure from Omicron
Global jet fuel markets stayed under pressure on Tuesday as more countries expanded border restrictions to keep the new Omicron…
Govt’s excise mop-up from petrol, diesel doubles in FY21
November 30, 2021
Govt’s excise mop-up from petrol, diesel doubles in FY21
The central government’s mop-up from excise duty levied on petrol and diesel more than doubled to ₹3.72 lakh crore in…
Will make flex-fuel engines mandatory for carmakers: Gadkari
November 30, 2021
Will make flex-fuel engines mandatory for carmakers: Gadkari
Union minister Nitin Gadkari said he would issue an order in the next two-three days to make it mandatory for…