Oil & Gas

ONGC Union upset over proposal to give away Mumbai High

ONGC Union upset over proposal to give away Mumbai High

Petroleum Ministry’s proposal to give away ONGC’s biggest oil and gas fields to foreign companies has met with strong resistance…
Purefuel Energy to launch fully compliant bio-diesel stations

Purefuel Energy to launch fully compliant bio-diesel stations

India is one of the countries with a very high price of diesel which results in spending way too much…
Rajasthan cuts petrol price by ₹4/litre, diesel by ₹5 litre

Rajasthan cuts petrol price by ₹4/litre, diesel by ₹5 litre

Amid pressure to reduce VAT after reduction in excise duty by the Centre on petrol and diesel, the Congress government…
Cairn, Halliburton to raise offshore reserve base in Rajasthan

Cairn, Halliburton to raise offshore reserve base in Rajasthan

Cairn Oil & Gas announced entering into a technical partnership with US-based Halliburton Company for raising 10-folds the reserve base…
Sri Lanka shuts its only oil refinery to manage forex crisis

Sri Lanka shuts its only oil refinery to manage forex crisis

Sri Lanka has temporarily shut its only oil refinery as part of efforts to manage dwindling foreign exchange reserves, the…
India to pitch for global investments at Dubai Expo

India to pitch for global investments at Dubai Expo

India’s Minister of Petroleum and Natural Gas, Hardeep Singh Puri, will address global investors at a round table on Wednesday…
India to step up oil exploration, production in very big way

India to step up oil exploration, production in very big way

India will have massive additional areas for oil exploration and production by 2025, said Hardeep Singh Puri, Union Minister of…
Oil India, IIT-G to boost technology in energy sector

Oil India, IIT-G to boost technology in energy sector

 Indian Institute of Technology (IIT), Guwahati, and Oil India Ltd (OIL) will be collaborating for the development and introduction of…
Pakistan expected to be hit by major gas crisis in winter

Pakistan expected to be hit by major gas crisis in winter

The Pakistan government has decided to continue gas supply to the power and fertiliser sectors, while domestic and industrial consumers…
Cabinet approves ethanol price hike by up to ₹1.47/litre

Cabinet approves ethanol price hike by up to ₹1.47/litre

The government on Wednesday hiked the price of ethanol extracted from sugarcane for blending in petrol by up to ₹1.47…
Oil PSUs to set up 22,000 EV charging stations

Oil PSUs to set up 22,000 EV charging stations

Indian Oil Corporation (IOC) and two other public sector oil firms will install 22,000 electric vehicle (EV) charging stations over…
Pakistan takes costliest ever LNG to avert natural gas crisis

Pakistan takes costliest ever LNG to avert natural gas crisis

Pakistan accepted an LNG cargo at the highest-ever price of $30.6 per Million British Thermal Units (mmbtu) from Qatar Petroleum…
Petrol, diesel prices hiked consecutively for sixth day

Petrol, diesel prices hiked consecutively for sixth day

Petrol and diesel prices were hiked for the sixth consecutive day across the country on Monday. In the national capital,…
Excise collection on petroleum 79% more than pre-Covid

Excise collection on petroleum 79% more than pre-Covid

The government’s collection from levy of excise duty on petroleum products has risen 33% in the first six months of…
Govt proposes sale of small LPG cylinders via ration shops

Govt proposes sale of small LPG cylinders via ration shops

The Centre on Wednesday said it plans to allow the retail sale of small LPG cylinders as well as offer…
LPG price may be hiked next week

LPG price may be hiked next week

Cooking gas LPG prices may be hiked next week after under-recovery on the fuel widened to over ₹100 per cylinder,…
Gadkari bats for green hydrogen & need to reduce oil import

Gadkari bats for green hydrogen & need to reduce oil import

Batting for green hydrogen as a transport fuel, Union Minister Nitin Gadkari on Monday said there is a need to…
CNG, PNG rates now may see surge

CNG, PNG rates now may see surge

After fuel price surge, prices of gas used for cooking and transportation are expected to soar this year putting consumers…
Energy cost should not outstrip the paying capacity

Energy cost should not outstrip the paying capacity

Minister of Petroleum & Natural Gas Hardeep Singh Puri said that unless the prices of crude oil are maintained at…
NRL inks pipeline ‘Right to Use’ agreement with IGGL

NRL inks pipeline ‘Right to Use’ agreement with IGGL

A pipeline ‘Right to Use (RoU)’ sharing agreement was inked between Numaligarh Refinery Limited (NRL) and Indradhanush Gas Grid Limited…
Modi invites global CEOs to explore oil, gas in India

Modi invites global CEOs to explore oil, gas in India

Prime Minister Narendra Modi on Wednesday rolled out the red carpet for global oil and gas giants and invited them…
Duty relief on fuel expected to brighten festive mood

Duty relief on fuel expected to brighten festive mood

Consumers could expect relief from the surging price of auto fuels this festive season as the government may opt for…
Lanka IOC urges SL Government to hike fuel prices

Lanka IOC urges SL Government to hike fuel prices

Lanka IOC (LIOC), the subsidiary of Indian Oil Corporation in Sri Lanka on Monday urged the government to approve a…
India has right to 30% stake in Iranian gas field

India has right to 30% stake in Iranian gas field

An Indian consortium led by ONGC Videsh Ltd contractually has a right to take a 30% interest in the Farzad-B…
Petrol, diesel price hiked again by 35 paise

Petrol, diesel price hiked again by 35 paise

Petrol and diesel price on Sunday was hiked again by 35 paise a litre and the auto fuels now cost…
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