Oil & Gas

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…
Indian Bio-Jet fuel technology receives Military certification

Indian Bio-Jet fuel technology receives Military certification

CSIR-IIP Dehradun’s home-grown technology to produce bio-jet fuel has been formally approved for use on military aircraft of the Indian…
Emissions & foreign exchange savings due to ethanol

Emissions & foreign exchange savings due to ethanol

Minister of State for Petroleum and Natural Gas, Rameswar Teli in reply in the Rajya Sabha informed that Under the…
Petrol, diesel price to fall on sustained drop

Petrol, diesel price to fall on sustained drop

Date- 29 Nov Time- 09:30 AM Cat- Oil & GasPetrol and diesel prices will be reduced only if the current drop…
Mahanagar Gas hikes gas prices for third time in 6 weeks

Mahanagar Gas hikes gas prices for third time in 6 weeks

For the third time in barely six weeks, the Mahanagar Gas Ltd has hiked the prices of CNG and PNG…
Mathura refinery gets green nod for expansion project

Mathura refinery gets green nod for expansion project

Indian Oil Corporation’s Mathura refinery has received environmental clearance for projects to expand its crude processing capacity to 11 mmtpa,…
IBA asks MNRE to continue waste to energy scheme

IBA asks MNRE to continue waste to energy scheme

The Indian Biogas Association has asked the Ministry of New & Renewable Energy (MNRE) to continue the waste to energy…
Reliance to restructure, repurpose gasification assets

Reliance to restructure, repurpose gasification assets

Reliance Industries board decided to implement a ‘Scheme of Arrangement’ to transfer the ‘Gasification’ undertaking into a wholly-owned subsidiary. “RIL…
India’s crude oil production falls 2.15% in October

India’s crude oil production falls 2.15% in October

India’s crude oil production fell 2.15% in October as state-owned firms produced less but, natural gas output rose by a…
US extends support to India’s 20% Ethanol blending target

US extends support to India’s 20% Ethanol blending target

At the twelfth ministerial-level meeting of the India-United States Trade Policy Forum (TPF) in New Delhi on Tuesday, the US…
Chhattisgarh announces reduction of VAT on petrol, diesel

Chhattisgarh announces reduction of VAT on petrol, diesel

The Chhattisgarh government decided to reduce Value Added Tax (VAT) on petrol and diesel by 1 per cent and 2…
India to release 5 mn barrel crude oil from strategic reserves

India to release 5 mn barrel crude oil from strategic reserves

India plans to release about 5 million barrels of crude oil from its emergency stockpile in tandem with the US,…
Govt to exceed FY22 tax collection target: Revenue Secy

Govt to exceed FY22 tax collection target: Revenue Secy

With the net direct tax collection till October closing in on ₹6 lakh crore and average monthly GST mop-up likely…
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