Oil & Gas

MEIL expedites rig delivery to ONGC

MEIL expedites rig delivery to ONGC

Megha Engineering and Infrastructures Limited (MEIL) has expedited the delivery of rigs and the handing over of a 2,000-HP land…
Petrol, diesel price increase on hold mode; CNG rates hiked

Petrol, diesel price increase on hold mode; CNG rates hiked

CNG price in the national capital and adjoining cities on Tuesday was hiked by ₹0.50/kg, while an imminent increase in…
Mega rise in petrol, diesel prices coming soon

Mega rise in petrol, diesel prices coming soon

Petrol and diesel prices are likely to be hiked this week as oil companies prepare to pare losses accumulated from…
Russia warns West of $300 per barrel oil

Russia warns West of $300 per barrel oil

Western countries could face oil prices of over $300 per barrel and the possible closure of the main Russia-Germany gas…
₹12 hike in petrol & diesel price is needed to break even

₹12 hike in petrol & diesel price is needed to break even

Petrol and diesel price, which have been on a freeze for the past four months in view of assembly elections…
Sustainable growth is possible through sustainable energy sources: PM

Sustainable growth is possible through sustainable energy sources: PM

Prime Minister, Narendra Modi, addressed a webinar on ‘Energy for Sustainable Growth’ today. This is the ninth webinar in the…
Higher oil prices push Sri Lanka into deeper economic crisis

Higher oil prices push Sri Lanka into deeper economic crisis

Sri Lanka’s already dire economic crisis has deepened as oil prices hover near $110 a barrel. Vehicles are stranded with…
Europe scrambles to reduce dependence on Russian natural gas

Europe scrambles to reduce dependence on Russian natural gas

Europe is scrambling to reduce its dependence on Russia for energy and bracing for potential disruption to critical Russian natural…
Exxon’s exit from Russia puts OVL in a fix

Exxon’s exit from Russia puts OVL in a fix

Exxon Mobil Corp’s decision to exit Russia has put India’s flagship overseas firm ONGC Videsh in a fix as it…
Brent crude oil price surges to nine-year high of $118 a barrel

Brent crude oil price surges to nine-year high of $118 a barrel

Benchmark Brent crude oil price climbed close to $120 a barrel, with Russian oil exports disrupted as traders try to…
Putin, Abu Dhabi Crown Prince vow energy market stability

Putin, Abu Dhabi Crown Prince vow energy market stability

Russian President Vladimir Putin and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed vowed Tuesday to maintain energy market stability,…
ATF price hiked by 3.3%; fifth increase this year

ATF price hiked by 3.3%; fifth increase this year

ATF price hiked by 3.3% to all-time high levels across the country, in step with international oil prices surging to…
Indian economy poised for recovery, but high crude prices worrisome: CEA

Indian economy poised for recovery, but high crude prices worrisome: CEA

Chief Economic Advisor (CEA) V Anantha Nageswaran said that the Indian economy is now poised for recovery, but high crude…
India’s import bill may go up by 15% due to Ukraine crisis: Experts

India’s import bill may go up by 15% due to Ukraine crisis: Experts

It is a crude shock with many implications for the world and India. The surge in Brent oil to $105…
Crude oil reaches $103, prices a concern to India

Crude oil reaches $103, prices a concern to India

International oil prices surged to over a seven-year high of $103 a barrel after Russia attacked Ukraine, but supply lines…
Crude oil hits $100 mark for first time in 7 years

Crude oil hits $100 mark for first time in 7 years

Oil prices soared past $100 for the first time in more than seven years after Russian President Vladimir Putin announced…
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…
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