Oil & Gas

Sri Lanka signs deal to lease oil tanks to Indian Oil

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

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

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

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

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

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

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

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

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

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

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

₹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

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

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

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

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

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

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

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

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

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

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

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

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

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…
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